Amidst the global financial crisis, international institutions, national authorities and international commercial banks collaborated closely to prevent contagion spreading to Central, East and south east Europe. They built a platform, the Vienna Initiative, that helped curb disruptions and resto...
The objective of this economic paper is to review issues and problems arising in the area of corporate governance from a broader economic perspective at a time when a series of major corporate accounting fraud scandals has renewed interest in the subject. The paper highlights the economic signif...
Information from surveys can be used alongside macroeconomic indicators to provide a better understanding of the obstacles to investment faced by firms. This study uses merged firm level data from the European Investment Bank Investment Survey (EIBIS) and hard data from firms’ balance sheets and...
In publishing its first Corporate Responsibility report, the EIB creates a new communication channel with its stakeholders. This integrated report on Corporate Responsibility is an essential piece of work for a better understanding of the EIB’s contribution to sustainable development. It builds ...
This analysis uses the most recent cross-section of financial statements of French companies from the ORBIS database only as an illustration in order to evaluate their capacity to cushion the COVID-19 shock on sales through previously accumulated cash reserves, operational flexibility and policy...
The focus of corporate decision-makers on short-term shareholder value maximisation rather than on the long-term interests of the company reduces the long-term economic, environmental and social sustainability of European businesses. The objective of this study is to assess the root causes of “s...
