A sustentabilidade é um tema inevitável do século XXI, e vários estudos já exploraram os benefícios económicos de práticas sustentáveis. Esta dissertação explora a relação entre a avaliação de fatores ambientais, sociais e de governança (ESG) de empresas europeias e o seu custo …
This study examines the influence of Corporate Social Responsibility on the financial distress risk of a company. The Environmental, Social and Governance (ESG) factors are employed as a proxy for CSR, while three different measures are applied to assess financial distress level…
By focusing on the relationship between financial stability and monetary policy for the cases of Chile, Colombia, Japan, Portugal and the UK, this thesis aims to add to the existing literature on the fundamental issue of the relationship between financial stability and monetary …
In 2013, Summers (2015) revived the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the current macroeconomic picture faced by developed economies. This dissertation assesses this claim. Taking into consideration the inputs from several authors, w…
The financial crisis of 2007-2009 raised concerns regarding countries’ abilities to rescue their largest banks should a new crisis emerge. By focusing on European Union banks from 2001 through 2019, this dissertation investigates the impact of both absolute and systemic bank siz…
The ongoing COVID-19 pandemic has shaken the global financial system and caused great turmoil. Facing unprecedented risks in the markets, people have increasing needs to find a safe haven for their investments. Given that the nature of this crisis is a combination of multiple pr…
This study examines the influence of the Financial Crisis of 2008 on European firms’ earnings management behavior. For this purpose, the period from 2005 to 2012 and a sample of 16 different European countries were considered and divided into three periods to examine whether man…
The Carniolan Savings Bank was the first financial institution in the Slovenian territory. It was founded in 1820 in Ljubljana, the capital city of Carniola, a province in the Austrian part of the Habsburg Monarchy. This institution collected deposits and managed the credit oper…
The aim of this thesis is to study the dynamic growth of the Pacific Rim particularly in the context of the establishment of the Asia Pacific Economic Cooperation Forum (APEC). The development of APEC commenced in Canberra with one goal-to secure trade and investment liberalizat…
The issue of crowding out is a well accepted proposition that in developing countries there is a close relationship between private and public investment (Tun Wai & Wong, 1982), although there is a considerable uncertainty as to whether the public sector investment raises or low…
Since the Second Persian Gulf War, crude oil price fundamentals have probably been changed. Therefore, study of the characteristics of price movements before, during, and after the Gulf War help us better understand structural changes in the crude oil market. Using daily and mon…
The factor determinants of industry and investment location patterns in transition economies can be expected to differ from those frequently observed in developed countries. Historically, centrally planned economies have suffered from inefficient industrial policies that are gen…
In this dissertation, I try to advance our understanding of how managerial discretion and corporate financial flexibility affect various corporate outcomes such as failure, excessive (sub-optimal) continuation, firm growth and investment, in three novel ways. First, I show that …
The Asian economic crisis has reinforced the importance of efficient financial markets for sustained real investment and economic growth, yet there is still limited empirical research on the effects of the deregulation of financial markets on the firm's investment decisions. The…
In the 1950s and 1960s, after gaining independence from their colonial powers, most developing countries adopted “market substitution” as their policy for economic development and growth. In essence, this was an industrialisation strategy followed by these developing economies t…
21 years into the 21st Century, we have witnessed everything from booming global economies to apocalyptic pandemics that can threaten to wipe out the entire world. Everything changed albeit one thing – disputes. For as long as there are humans, there will be disputes. In order t…
The purpose of this study is to examine the effect of leverage on many profitability ratios return on assets (ROA) over two set periods. My samples are obtained from U.S firms in the industrials sector spanning from 1996-2006 and 2010-2019. Furthermore, I hypothesize and discove…
The study was undertaken at the headquarters of a telecommunications company, Telco Digital Wireless Mobile Landline (DWML) based in Northern Europe from 2016 to 2018. The company had experienced significant changes from 2010 through 2016. Changes were introduced based on market…
This dissertation develops a regulatory framework for employee equity-based compensation at start-up companies. At first glance, equity-based compensation represents a break from the zero-sum game that typically characterizes the relationship between the "labor share" and the "c…