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Economies, Volume 9, Issue 2

June 2021 - 52 articles

Cover Story: In the current scenario of regulatory changes, the disclosure of risks is essential to sustaining business legitimacy and reputation simultaneously. The way risk is expressed verbally in business narratives can attract considerable investor attention. Thus, this study aims to analyze the impact of the tone of risk reporting narratives on the market value of companies. Using a sample of Portuguese non-financial companies, we show that stylistic characteristics, such as overconfidence and traits of heroism, are perceived negatively by market participants. The article shows that a company’s market value can be strategically optimized by the tone of the managers’ speech through a balance between benefits and disclosure costs. View this paper
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Articles (52)

  • Article
  • Open Access
8 Citations
4,167 Views
14 Pages

We analyze the factors that determine human capital formation in the rural and urban sectors of Nepal and decompose the intersectoral difference into variables underlying supply and demand for human capital. In particular, we examine the role of acce...

  • Article
  • Open Access
18 Citations
5,831 Views
21 Pages

Intangible Assets and Labor Productivity Growth

  • Carolina Hintzmann,
  • Josep Lladós-Masllorens and
  • Raul Ramos

We examine the contribution to labor productivity growth in the manufacturing sector of investment in different intangible asset categories—computerized information, innovative property, and economic competencies—for a set of 18 European countries be...

  • Communication
  • Open Access
6 Citations
3,172 Views
7 Pages

Panel data show that between 2001 and 2014 Norwegian industries’ increasing aggregated operating profits per employee increased average wages and wage inequality. The data imply that increasing profits, perhaps unsurprisingly, induce a wage premium....

  • Article
  • Open Access
2 Citations
4,461 Views
24 Pages

After almost every economic crisis and corporate scandal, political actors announce the need for stricter regulatory measures for financial markets and companies, in an attempt to appease their voters and defend their political agenda. Regarding the...

  • Article
  • Open Access
9 Citations
4,865 Views
13 Pages

Public Employment Services (PES) are identified as important institutions in the process of improving the match between supply and demand in the labor market, which, despite their importance, still do not achieve the desired efficiency. The indicated...

  • Article
  • Open Access
3 Citations
5,185 Views
64 Pages

The research aims to examine and evaluate the accounting information disclosure (AID) quality of the non-current tangible assets in the annual financial statements of private sector entities of Lithuania and identify characteristics of these enterpri...

  • Article
  • Open Access
1 Citations
2,657 Views
13 Pages

In this paper we model the conflict between the group of polluting firms in a country and any social planner in the same country who attempts to control the volume of emissions generated during the production process. Both players of the game have th...

  • Feature Paper
  • Article
  • Open Access
28 Citations
20,726 Views
34 Pages

Sustainable HRM Practices in Corporate Reporting

  • Štěpánka Hronová and
  • Miroslav Špaček

Shaped by the current turbulent era of macroeconomic forces, inclusive of the technological challenges of Industry 4.0, and ubiquitous uncertainties, the business environment and its stakeholders hold high expectations for sustainable organizational...

  • Article
  • Open Access
13 Citations
7,676 Views
15 Pages

The smart specialization concept was implemented in the EU in 2014, stating that regions have to specify specialization areas for development of innovations. Economic specialization reveals a comparative advantage in that field. However, there are di...

  • Article
  • Open Access
11 Citations
5,451 Views
10 Pages

Economics of Waste Prevention: Second-Hand Products in Germany

  • Henning Wilts,
  • Marina Fecke and
  • Christine Zeher

Reuse is still seen as a “niche phenomenon” and consumers seem to waste economic opportunities linked to buying and selling second-hand products. For this reason, this paper focuses on incentives and barriers to sell and buy second-hand products, as...

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Economies - ISSN 2227-7099