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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
30 Citations
28,433 Views
19 Pages

From a Recession to the COVID-19 Pandemic: Inflation–Unemployment Comparison between the UK and India

  • Vijay Victor,
  • Joshy Joseph Karakunnel,
  • Swetha Loganathan and
  • Daniel Francois Meyer

The recession in India and the UK peaked in 2017 due to the implications of new policy initiatives. The outbreak of the COVID-19 pandemic at the beginning of 2020 intensified the crisis, causing a drastic decline in aggregate demand and output. India...

  • Article
  • Open Access
10 Citations
3,899 Views
20 Pages

This paper investigates peer effects in the academic achievement of Costa Rican students. Two measures of peer effects are used: (1) a measure of a schools’ average socioeconomic status and (2) a measure of unsatisfied basic needs at district level....

  • Review
  • Open Access
22 Citations
17,066 Views
18 Pages

India’s Road to Independence in Manufacturing Active Pharmaceutical Ingredients: Focus on Essential Medicines

  • Jerin Jose Cherian,
  • Manju Rahi,
  • Shubhra Singh,
  • Sanapareddy Eswara Reddy,
  • Yogendra Kumar Gupta,
  • Vishwa Mohan Katoch,
  • Vijay Kumar,
  • Sakthivel Selvaraj,
  • Payal Das and
  • Raman Raghunathrao Gangakhedkar
  • + 4 authors

Background: Active Pharmaceutical Ingredient (API) manufacturing is an important segment of the Indian pharma industry. India ranks third in terms of volume of medicines produced, and is a major global supplier of generic medicines. However, India de...

  • Article
  • Open Access
60 Citations
12,776 Views
18 Pages

Dynamics of Human Capital Development in Economic Development Cycles

  • Yulia Gruzina,
  • Irina Firsova and
  • Wadim Strielkowski

Our paper focuses on the dynamics of development of human capital in economic development cycles (as described, for example, in the works of Becker or Barro). In the course of this research, we created an econometric model based on the modified Manki...

  • Article
  • Open Access
6 Citations
3,567 Views
14 Pages

Considering internationally accepted voluntary standards of an environmental management system (EMS) as tools that can help businesses meet the agenda for sustainable development and environmental wellbeing, this study aims to examine selected firm c...

  • Article
  • Open Access
9 Citations
3,875 Views
15 Pages

We examine the effectiveness of sub-national actions to control a novel disease, such as COVID-19, in the absence of national policy. Evidence shows that countries where sub-national governments have undertaken unilateral social distancing measures t...

  • Article
  • Open Access
8 Citations
5,904 Views
28 Pages

The present study aims to identify the impact of the tone of risk reporting narratives on company market value. The paper uses a sample of 34 Portuguese non-finance companies with shares traded at the Euronext Lisbon stock exchange market. The paper...

  • Article
  • Open Access
20 Citations
5,672 Views
16 Pages

The EU model of market integration, based on financial openness, leads to divergence and sectoral specialization, which makes the convergence of Central and East European EU countries (CEE) in the EU questionable. The idea of the paper is that forms...

  • Article
  • Open Access
2 Citations
2,409 Views
9 Pages

In 2010, Georgians voted on a proposed constitutional amendment that would have increased motor vehicle licensing fees by USD 10 with the proceeds dedicated to maintaining and expanding the state’s trauma care centers. This paper examines voter suppo...

  • Review
  • Open Access
119 Citations
28,857 Views
22 Pages

Agricultural production systems are a composite of philosophy, adoptability, and careful analysis of risks and rewards. The two dominant typologies include conventional and organics, while biotechnology (GM) and Integrated Pest Management (IPM) repre...

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Economies - ISSN 2227-7099