To date, the studies on managerial loss aversion have produced contradictory findings, making it impossible to: (i) identify the ultimate impact of managerial loss aversion on the value that organisations create for themselves and for their stakeholders, and (ii) mitigate the effect of...

Using the WHO announcement on March 11, 2020 and the Federal Reserve Bank announcement on April 9, 2020 as two events that represent the shock and the stimulus, this study finds that COVID-19 caused a negative shock to the global stock markets, especially in emerging markets and for small firms....

Italy has been strongly associated with the Catholic Social Teaching (CST) that represents the central principles (doctrine) of the Roman Catholic Church. Using a sample of 156 Italian listed companies during the 2002-2014 period, this study finds that local religiosity and the presence of...

A vast literature has developed over the last 20 years on human capital and intellectual capital. Most of the works in the literature deal with the definition of human capital, structural capital, and relational capital. Human capital is often examined in conjunction with intellectual capital...