This study aims to examine the potential effect that corporate social responsibility practices (CSR) have on financial performance in ESG firms, using the moderating role of board characteristics. To test the moderating effect of the board characteristics in the relationship between CSR...

How do board characteristics influence the risk of bankruptcy? We study this question by estimating classic Z-Score models using panel data comprising 2519 listed non-financial firms from 29 European countries over the 2012-2020 period. We found that board independence is associated with lower...

The European Commission launched a Green Paper on corporate governance aimed largely at listed companies in April 2011. The Green Paper recognizes that institutional investors play a dominant role in the current financial markets, but it criticizes the short-term thinking and practice among...

In this paper, we examine the impact of corporate governance mechanisms on the quality of operational risk disclosures provided in the annual reports and risk reports in a representative sample of 63 publicly listed European banks for the fiscal years 2008 and 2009. We find that banks having a...

Now comprising 25 member states the European Union has embraced an aggressive competitiveness policy whilst continuing to pursue its social policy. The stated goal of the European Union is that no one gets left behind as it strives to become the world's most competitive and dynamic...

The policies adopted by multinationals have generated some rather harsh criticism due to the insensitivity shown with regard to the environment, food safety and social marginalization. This is due to the fact that excess supply conditions, which now characterize the richer markets, have forced...