The paper investigates the moderating effect of patriarchal attitudes by country and year on the relationship between gender diversity on boards and firm performance. The international sample analyzed is composed of 1,103 listed firms from 18 European countries for the period of 2005-2019. Using...

Im Dezember 2015 wurde in Paris ein neues Klimaabkommen verabschiedet. Im Wesentlichen gelang es, die länger als 20 Jahre währende strikte Trennung zwischen entwickelten (Annex I) und Entwicklungsländern (non-Annex I) aufzubrechen. Gleichzeitig fand in Paris ein Paradigmenwechsel statt: von...

This paper analyzes differences in target leverage and speed of adjustment across three life cycle stages of European listed firms: introduction, growth and maturity. We determine that profitability and tangibility are the most stable determinants, whereas growth opportunities and size exhibit...

This article contributes to the literature by indicating how certain monetary policies impact the compensation incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and managers and between shareholders and creditors, a...