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Household debt in the region grew during the COVID-19 pandemic, but remains relatively low compared to other larger economies around the world, a recent Inter-American Development Bank report reveals. On average, household debt in the region is 22 percent and around 35 percent for emerging economies like The Bahamas, reveals the report, entitled “Dealing with
Oceana has recently been in the press for several reasons, none of them good. Although the company has (barely) satisfied reporting requirements and maintains that its corporate governance is above board, some questions remain.
The paper aims to investigate the impact of ESG practice on firms’ financial performance in the context of U.S. market from 2018 to 2020. The paper examines a sample of 57 U.S. non-financial firms belonging to the S&P 500. The Two-Stage Least Squares (2SLS) estimation is employed with an instrumental variable - the political views of the states where the studied firms are located. The paper shows that having a better practice of ESG could enhance firms’ financial performance measured by ROA, ROE, and TobinQ. These findings are consistent with the stakeholder-focused theory instead of s...
The EU implemented the General Data Protection Regulation in May 2018. This column examines its impact of it on firm performance. The findings show that companies exposed to the new regulation saw an 8% reduction in profits and a 2% decrease in sales. These adverse performance consequences were primarily borne by small and medium-sized enterprises. In contrast, there is no
The smaller the firm, the higher the impact of women directors on financial metrics