The shift towards sustainability has resulted in more disclosures regarding environmental, social, and governance (ESG) issues. This study explores how ESG scores impact firm value the presence of concentrated ownership. sample consists 15,640 year observations across 46 countries from 2011–2020. results this show that score a positive association with value, supporting stakeholder theory. Furt...

This letter is a first attempt to investigate the relationship between frequent leadership changes during year and firm performance. We analyze how CEO frequency one-year period impact performance indicators of Chinese listed firms. The results panel fixed-effect regression reveal that turnover leads decline in corporate measured by ROA ROE. Moreover, with an increase annual frequency, degree g...

In Vietnam, the issue of decentralization and implementation have been a concern for long time. This study focuses on impact fiscal poverty reduction in Vietnam. Based provincial data with use two-stage least squares method (2SLS), estimation results obtained two periods show that had an income/expenditure period from 2010–2015 it no significant effect multidimensional 2016–2019. The also found...

This study empirically examines the impact of managerial ability on firm performance. Using sample 246 firms listed at Pakistan Stock Exchange during 2009 to 2017, this finds that more able managers significantly increase performance while less reduce These findings hold for both accounting and market measures as well alternative ability. Further, we control endogeneity cross-sectional variatio...

Abstract This paper analyses the impact of Ukraine–Russia conflict on stock markets in Europe. We consider nine EU countries and Russia. The analysis consists day-firm which includes time between 24 November 2021 23 May 2022. ordinary least squared (OLS) fixed effects as baseline models. Additionally, we this return for several months, elasticity test, instrumental variable—two-stage (2SLS) app...

This study examines the relationship between politically connected independent commissioners and directors regarding cost of debt. The sample is all companies listed on Indonesia Stock Exchange for 2010–2017 period, totaling 327 with a total data value 1722 firm-year observations. We used ordinary least squares regression model (OLS) Heckman 2SLS method to solve endogeneity problem. found that ...

Across the European Union, small and medium enterprises (SMEs) are major contributors to increase of regional gross domestic product. The present study investigates relationship between economic growth, imports exports regarding activity within Union (EU-28). A panel generalized method moments (GMM) analysis a two-stage least squares (2SLS) were carried out for period 2005–2020. Empirical resul...

The objective of the study is to contemplate effectiveness hierarchical CEO succession and intensity on SOEs & Non-SOEs performance separately. Meanwhile, impact cash holdings has also been analysed. authenticated data accumulated from CSMAR for years 2012-2016 contemplating listed companies (SOE separately while overall holdings) Shenzhen Shanghai stock exchanges. Through categorization su...

The main objective of this study is to explore how ESG disclosure effectively promotes technological innovation capabilities (TIC) and also in different industries (green vs. high-tech). Further, examine the role financing constraint (FC) relationship between TIC. We employed panel regression model, Causal step approach, Bootstrap mediation effect test, 2SLS, GMM model. used Bloomberg’s score C...