In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the … advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to … shareholder-oriented firms in a model of imperfect competition. Stakeholder firms are more (less) valuable than shareholder firms …

-area currencies. First, using dynamic panel techniques, we estimate an error correction model for the dollar real exchange rate versus …

-driven workplace relocations, we employ a Difference-in-Differences framework using data from the German Socio-Economic Panel (SOEP …

This study provides new panel evidence on the effects on climate risk on financial stability in the European banking …

This paper provides a new methodology for the analysis of multiple long run relations in panel data models where the … cross section dimension, n, is large relative to the time series dimension, T. For panel data models with large n … approach is illustrated with an application to key financial variables using an unbalanced panel of US firms from merged CRSP …

Countries (LDC) using a panel data from 2000 to 2021. Empirical evidence, derived from a fixed effects (FE) model, indicates a …) estimator, through the use of a dynamic panel data approach. Finally, business regulation is also strongly associated with new …

This paper analyses the short- and long-run effects of trade openness on financial development in a panel including …