Navigating firm financial distress in turbulent times: the impact of the institutional context
| dc.contributor.author | Zouaghi, Ferdaous | |
| dc.contributor.author | García Marco, María Teresa | |
| dc.contributor.author | García Martínez, Marian | |
| dc.contributor.department | Institute for Advanced Research in Business and Economics - INARBE | en |
| dc.contributor.funder | Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa, PJUPNA2024-11704 | |
| dc.date.accessioned | 2024-10-04T11:04:21Z | |
| dc.date.available | 2024-10-04T11:04:21Z | |
| dc.date.issued | 2024-08-08 | |
| dc.date.updated | 2024-10-04T10:44:48Z | |
| dc.description.abstract | This paper explores the impact of environmental practices on firm financial distressduring the COVID-19 pandemic in both emerging and developed countries. Analysinga sample of 12,181 firm observations from 2016 to 2021, our results indicate thatadopting of environmental practices leads to reduced financial distress and morecrisis-resilient economies. The mitigating effect of environmental practices is morepronounced in developed countries. This study provides crucial implications for gov-ernments and policymakers, emphasizing the importance of encouraging firms toadopt environmental practices to reduce the likelihood of default. | en |
| dc.description.sponsorship | Funding received through the PID2020-115018RB-C31 (AEI/FEDER, UE) and TED2021-132446B-I00 research projects financed by the Spanish Ministry of Science, Innovation and Universities and Next Generation European funds aswell as the PJUPNA2024-11704 research project funded by the Public University of Navarra. Open Access funding provided by Universidad Pública de Navarra. | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.citation | Zouaghi, F., Garcia-Marco, T., Garcia Martinez, M. (2024) Navigating firm financial distress in turbulent times: the impact of the institutional context. Business Strategy and the Environment, 33(7)1-18. https://doi.org/10.1002/bse.3917 | |
| dc.identifier.doi | 10.1002/bse.3917 | |
| dc.identifier.issn | 0964-4733 | |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/52001 | |
| dc.language.iso | eng | |
| dc.publisher | Wiley | |
| dc.relation.ispartof | Business Strategy and the Environment, 33(7)1-18 | |
| dc.relation.projectID | info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2020-115018RB-C31/ES/ | |
| dc.relation.projectID | info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2021-2023/TED2021-132446B-I00/ | |
| dc.relation.publisherversion | https://doi.org/10.1002/bse.3917 | |
| dc.rights | © 2024 The Author(s). This is an open access article under the terms of the Creative Commons Attribution License. | |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
| dc.rights.uri | https://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | Bankruptcy | en |
| dc.subject | COVID-19 pandemic | en |
| dc.subject | Environmental practices | en |
| dc.subject | Financial distress | en |
| dc.title | Navigating firm financial distress in turbulent times: the impact of the institutional context | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.version | info:eu-repo/semantics/publishedVersion | |
| dspace.entity.type | Publication | |
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