We study the relationship between the risk of default and Environmental, Social and Governance (ESG) factors using Supervised Machine Learning (SML) techniques on a crosssection of European listed companies. Our proxy for credit risk is the z-score originally proposed by Altman (1968). We...

We study the relationship between the risk of default and Environmental, Social and Governance (ESG) factors using Supervised Machine Learning (SML) techniques on a cross-section of European listed companies. Our proxy for credit risk is the z-score originally proposed by Altman (1968).We...

We study the relationship between the risk of default and Environmental, Social, and Governance (ESG) factors using Machine Learning (ML) techniques on a cross-section of European listed companies. Our proxy for credit risk is the z-score originally proposed by Altman (1968). We consider an...

We revisit the relationship between trade and growth taking into account the recent expansion of global value chains (GVCs). We develop a new instrument for trade based on gravity estimations. Our instrument exploits a recent transportation shock: the sharp increase in the maximum size of...

The Circular Economy can be seen in a broader NEXUS framework, in which the relationships between the CE transition, the decarbonization transition, and the bioeconomy transition are at the core of sustainability strategies and policies. The CE can save large amounts of energy in ‘closing the...

The FEEM report 2019 (Zoboli et al. 2019) proposed to embed the Circular Economy (CE) into a broader NEXUS framework, in which the relationships between the CE transition, the decarbonization transition, and the bioeconomy transition have to be considered in sustainability transition strategies....

The concept of Circular Economy has become of great importance in the last decade, and this trend is likely to strengthen in the EU in the years to come. In fact, the European recovery strategy from the Covid-19 sanitary emergency is based on the EU Green Deal, which is in turn deeply connected...