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Financial Performance and the Legal Landscape:An International Study of Controversial Business Activities

Mazza, Paolo et al.

Economics, Management, and Financial Markets2024https://doi.org/10.22381/emfm19220244article
ABDC C
Weight
0.30

What the paper says

In our decade-long international study of controversial publicly traded companies in tobacco, alcohol, and gambling industries, we find that their performance is distinctly influenced by the legal landscape compared to their non-controversial peers. Not only controversial firms do not outperform their non-controversial peers when the determinants of the legal landscape are accounted for, but there is also evidence that controversial firm performance is sensitive to specific aspects of the legal landscape, some of them helping them thrive while others penalizing them. A stricter rule of law and regulation quality negatively affect them. Their stock performance improves in environments with widespread bribery, patronage, and embezzlement. Additionally, enhanced business freedom and property rights protection significantly boost their performance, a benefit not observed in non-controversial firms.

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https://doi.org/https://doi.org/10.22381/emfm19220244

Or copy a formatted citation

@article{mazza2024,
  title        = {{Financial Performance and the Legal Landscape:An International Study of Controversial Business Activities}},
  author       = {Mazza, Paolo et al.},
  journal      = {Economics, Management, and Financial Markets},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.22381/emfm19220244},
}

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Financial Performance and the Legal Landscape:An International Study of Controversial Business Activities

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Evidence weight

0.30

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.