Advertising has a major effect on individual investors’ decisions. Financial instruments tend to be advertised more when market sentiment is high as investors are more willing to buy. Importantly, mechanisms that affect the relationship between market sentiment and advertising activity are...

Socio-economic performance differs not only across countries but within countries too and can persist even after religion, language, and formal institutions are long shared. One interpretation of these disparities is that successful regions are characterized by higher levels of trust, and, more...

Natural disasters put an enormous strain on communities abilities to cooperate. Resilience, the ability to recover from crises, is based on pre-existing prosocial attitudes of communities and it is what can allow to buffer the effects of the disaster, determining completely different dynamics...

This paper jointly considers some pieces of evidence regarding peculiarities of industries' structure which are often separately addressed. Italian industrial sectors are known to be characterized by a high proportion of small enterprises that suffers from constraints to growthʺ. We look at the...

The study of firms' default has attracted wide interest among both practitioners and scholars. However, attention has often been limited to a relatively small set of financial variables. In this work, we try to increase the scope of analysis extending the investigation to other possible...

This work explores a number of properties investigated in the empirical literature on firm size and growth dynamics: (i) the distribution and the autoregressive structure of firm size; (ii) the existence of size-growth scaling relationships; (iii) the distribution and the autoregressive structure...