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The paper present the nonprofit entities accounting regulation in Italy and in Spain in an European perspective. After a presentation of activities of nonprofit entities and difference in their governance, the paper presents the accounting regulation for nonprofit entities in Italy...
Persistent link: https://www.econbiz.de/10012709177
"Mission Investing" (MI) is an umbrella term for the practice of non-profit organizations (NPO) to include their mission into their investment policy. Despite the growing popularity of this concept it still greatly lacks a scientific foundation. This article identifies key characteristics of MI...
Persistent link: https://www.econbiz.de/10012163838
The American third sector is enjoying a recent surge of academic attention, which presents a unique opportunity to adopt an international perspective. This Article begins with an introduction to the basics of American nonprofit law. Integrating a comparative approach, it discusses the nonprofit...
Persistent link: https://www.econbiz.de/10014183123
Persistent link: https://www.econbiz.de/10012236463
We calculate the shareholder returns of the companies in the Euro Stoxx 50 in the period 2004 - April 2020. We analyze 62 companies: 47 that were in the Euro Stoxx 50 in April 2020 and had trading records since December 2004 and 15 companies that had been in the Euro Stoxx 50 in the period. In...
Persistent link: https://www.econbiz.de/10012834192
We look at the Risk-Free Rate (RF) and the Market Risk Premium (MRP) used by analysts in 2015 to value companies of six countries. The dispersion of both, the RF and the MRP used, is huge, and the most unexpected result is that the dispersion is higher for the RF than for the MRP.We also find...
Persistent link: https://www.econbiz.de/10012970725
dry up during the crisis and provided the liquidity that firms used to cope with this exceptional contraction. In … particular, credit lines provided the liquidity companies needed to invest during the crisis …
Persistent link: https://www.econbiz.de/10013132469
. Cross section fixed effects are applied to first differences and dummy variables. For liquidity and non-liquid assets the … liquidity ratios and creditor ratios decline when short-term ECB-rates fall. If ECB rates are negative, liquidity ratios are ….6% smaller, while liquidity ratios increased by 2.3 percentage points. Originality / value of the article: Papers on the …
Persistent link: https://www.econbiz.de/10013202353
Persistent link: https://www.econbiz.de/10003546124
measure each firm’s liquidity shortfall during and after COVID-19. Our framework allows for a rich combination of sectoral and …
Persistent link: https://www.econbiz.de/10013232582