This paper assesses the impact of the COVID-19 pandemic on non-financial firms'
valuations in the European Union (EU) using a stress testing approach. Notably, the paper …

Purpose This study uncovers how government interventions, in terms of stringency and
support, shape coronavirus disease 2019's (COVID-19) detrimental impact on organizations' …

This paper provides a new approach to developing a firm's distress and recovery prediction
score. This score was designated the FL-Score and was structured from the interaction …

This study examines whether investing in R&D reduces the impact of exogenous shocks like
the COVID‐19 on stock market performance and accounting performance of manufacturing …

Governments around the world are attempting to support individuals' incomes, rescue
distressed businesses, and preserve employer-employee relationships damaged in the …

This paper examines the asset pricing implication of stakeholder orientation. We exploit the
staggered adoption of constituency statues across US states as an exogenous source of …

Purpose This paper examines the effect of restrictions on executive pay and high CEOs'
compensation on bank performance following the “2008 UK bank rescue policy” …

During the 2015 stock market crisis, the Chinese government used hundreds of billions of
dollars to purchase shares directly in the secondary market. We find that compared with non …

The non-market environment, which includes “the rules of the game” that govern economic
interactions in the market, plays a central role in the ability of firms to create economic value …

The paper analyses the developments in the EU state aid policy as a result of the COVID-19
pandemic breakout. The general framework for state aid in the EU was presented. Based on …