Investors are increasingly concerned with the sustainability of firms and their impact on global development, resulting in a rise Socially Responsible Investing (SRI) that considers environmental, social, governance (ESG) factors. Integrating into company strategies can affect various aspects an organization, including IPOs (initial public offerings). Given growing importance ESG information disclosure, this study wants to examine potential effect report disclosure IPO performance, since...

Purpose The aim of this research paper is to analyze the connection between ESG performance and financial within real estate sector. By focusing on ratings pillar scores as proxies for performance, study investigates how these factors impact both profitability market indicators. Design/methodology/approach With data sourced from over 680 publicly listed companies, employs a fixed effects regression model findings. utilizing method, can assess governance, environmental social accounting...

Abstract Using a and unique set of Italian non-listed Unlikely to Pay (UTP) positions, that consist in the phase precedes insolvency but where it is still possible for company succeed restructuring, this paper aims analyze relationships between corporate governance characteristics financial distress status. We compare performance variables predicting defaults, using both Logit Random Forest models, which previous researchers have deemed be most efficient machine learning techniques. Our...

Purpose This paper aims to explore the dynamic relationship between ESG scores and REITS returns. The overarching goal is provide a better understanding of how considerations impact financial performance across different temporal contexts. Design/methodology/approach Using sample 175 European Equity REITs, this analysis combines numerical with Fama-French model, employing both random fixed effects methods. It integrates individual REIT data HESGL (High Scores Minus Low Scores) factors assess...

Purpose The central aim of this study is to examine the relationship between ESG metrics and financial outcomes in real estate industry, honing on particular sectors geographical areas. Utilizing ratings pillar scores as indicators sustainability performance, research endeavors discern their effects measures profitability market performance. Design/methodology/approach Drawing a dataset encompassing more than 200 publicly listed companies sector, utilizes fixed regression model instrumental...

Purpose The aim of the study is to assess a model that examines impact various aspects socially sustainable human resource management (SSHRM), such as enhancing employees’ well-being, maintaining healthy and safe workplace, ensuring work-life balance, on financial performance organisations during COVID-19 pandemic. Design/methodology/approach By utilising an Italian sample 132 listed companies, employs several methodologies, including panel data analysis with fixed effects OLS, test...

ABSTRACT This research analyzes the intricate dynamics of how ESG factors influence bankruptcy likelihood within global listed companies. Utilizing a comprehensive dataset and combination fixed effect models along with machine learning technique, study confirms assertion that corporations robust corporate social responsibility practices are less likely to incur bankruptcy. The findings align stakeholder theory, advocating for companies accord importance all stakeholders' interests....

ABSTRACT This paper investigates the relationships between environmental, social, and governance performance cost of capital in European context. Using data from 489 publicly listed companies STOXX Europe 600 index over an 8‐year period (2015–2022), comprising 3317 firm‐year observations, we analyze variations this relationship time. Our findings indicate that with strong ESG tend to enjoy lower costs debt, reflecting favorable borrowing conditions perceived by debt financiers. Conversely,...

Abstract This research delves into the connection between companies' adoption of sustainability strategies and consequent effects this has on their overall performance. Based a global panel companies listed 2015 2021, utilizing data analysis with fixed regression, findings indicate that genuinely implemented sustainable strategy significantly contributes to enhancement firm Moreover, efficacy is shaped by its incorporation ownership structures characterized dispersed ownership, highlighting...

Abstract This paper examines whether CEO turnover affects company performance and the optimal time for renewal during a turnaround process. Results, derived from data collected Italian companies, highlight necessity of introducing new before beginning an insolvency procedure. A later appointment can reduce his/her impact, probably due to difficulty managing negotiations with creditors. Moreover, we show positive significant relationship between likelihood bankrupt firm re-emerging The...

Abstract This article critically evaluates the effectiveness of European Union's recent Directive on restructuring and insolvency law, specifically within context France, aimed at facilitating financially distressed firms Eurozone. Specifically, through Kaplan–Meyer estimator log‐rank test, this research rigorously examines whether preventive restructurings surpass standard bankruptcy procedures in efficiency. The dataset under analysis is distinctly tailored, focusing companies undergoing...

This study utilizes the BERTopic methodology, a topic modelling tool that facilitates meticulous exploration of existing literature, to comprehensively review interplay between corporate governance and default risk. Through analysis diverse empirical studies, it delves into understanding how practices influence probability. The underscores importance effective mechanisms — board attributes, ownership structures, executive compensation, shareholder rights, disclosure in molding probabilities....

It is an empirical question whether the use of derivatives hedging among firms actually contributes to enhancing firm performances. Despite increasing by non-financial firms, existing literature still debates about their effect, especially in countries with peculiar corporate governance mechanisms. By using a sample Italian listed from 2007 2018, this paper investigates if several types (currency, interest rate, and commodity) financial can affect value company. For measuring impact order...

Purpose SPACs are reshaping the world of digital entrepreneurial finance. Firms in sector often need access to public markets for long-term competitiveness. offer a viable solution these entities collect capital and transition ownership quicker than IPOs. In this context, paper aims analyse compare performance with those IPOs post-business combination phase. The objective is provide novel insights into determinants SPAC operating market by considering firm-specific deal-specific...

The aim of this paper is to investigate if top executives’ turnover affects the performance a company and it differently impacts performances healthy restructured company. In order impact renewal both members board directors CEO on profitability, we performed quantitative analysis based sample 144 Italian companies using logit model. findings show that management changes influence However, results different for companies. negatively while influences positively probability future...