Antonio Salvi
Jean Monnet University
Publications 63
The purpose of this paper is to investigate the impact of corporate social responsibility (CSR) on firms’ financial performance (FP) in the food and beverage (FB on the other side, environmental outcomes show insignificant or non-positive effects depending on different measurements of FP.,Despite the mixed set of results between CSR and a firm’s performance in the literature, this research provides a new framework in which the impact of CSR on FP is analysed through the effectiveness of CSR gove...
This study examines the relationship between corporate social responsibility (CSR) and corporate financial performance (CFP), shedding new light on the lack of academic consensus and prevailing failure to deal with endogeneity in data. To this purpose, the authors recalculate ESG performance starting from the four pillars (economic, environmental, governance and social) provided by Thomson Reuters’ Asset4 database, able to determine a firm’s CSP. We adjust each ESG pillar score accounting for th...
#1Filippo Vitolla (Jean Monnet University)H-Index: 4
#2Antonio Salvi (Jean Monnet University)H-Index: 5
Last.Michele Rubino (Jean Monnet University)H-Index: 4
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1 CitationsSource
#1Enrico BattistiH-Index: 3
#2Nicola MigliettaH-Index: 4
Last.Fabio CretaH-Index: 1
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This paper investigates the relationship between leveraged buyouts (LBOs) and initial public offerings (IPOs) with the market risk premium in the European market. We expand our study to the period spanning from the first quarter of 1999 to the fourth quarter of 2016. Our longitudinal analysis finds evidence of an inverse relationship between market risk premium and the volume of LBOs, as well as a direct relationship between the latter and the stock index STOXX Europe 600. Additionally, our anal...
#1Antonio Salvi (Jean Monnet University)H-Index: 5
#2Marianna Zito (Jean Monnet University)
Last.Alessandra Caragnano (Jean Monnet University)
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The comparison of financial results between different cultural and religious systems is still an open academic debate. There is no consensus among scholars on the existence and magnitude of financial performance differences for companies acting under diverse cultural and religious background. The aim of this paper is to compare the performance of European listed firms applying Shariah principles and those who do not act according to such guidelines. To serve such purpose we have built a sample o...
We investigate the different aspects affecting the control premium by carrying out an empirical analysis on the respective in the Italian stock market since 1987 employing the Voting Premium methodology. We demonstrate how the introduction of new regulations in this field in 2012 has contributed to a substantial premium reduction. The impact of the aforementioned regulations needs to be examined within the macroeconomic setting that has distinguished the period of reference, particularly the las...
#1Ali Ahmed (Linköping University)H-Index: 18
#2Stelios D. Bekiros (OPA: Athens University of Economics and Business)H-Index: 20
Last.Antonio Salvi (Jean Monnet University)H-Index: 5
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This paper reports the results of a study that investigates the causal interactions among the entities energy consumption, democracy, income, and CO2 emissions in Bangladesh. Bootstrapping causality and time–frequency domain causality methods were adopted to examine the causal co-movements between the variables, using data series for a period of more than four decades. Results show that time-scale behavior plays an important role. Democracy is an important factor for emissions and national incom...
1 CitationsSource
The issue of banks’ loan quality has assumed growing importance at the international level. This study aims to tackle the issue and to verify the impact of bank-specific determinants and macroeconomic indicators on banks’ loan quality. The analysis is conducted on a sample of 2,816 European banks over the period 2011-2015 through a multivariate regression with panel data. The main evidence shows that a higher return on average assets and a greater soundness of the bank can be associated with a b...
The relationship between sustainable practices and a firm’s financial performance is an open debate among academics, managers and investors worldwide. Despite large literature in the field of corporate social responsibility (CSR) and corporate financial performance (CFP), there is still a lack of unanimous consensus around the impact of sustainability on a firm’s economic achievements. This study aims to analyse this relationship and fill some of the gaps within existing literature using two geo...
1 CitationsSource