Purpose: This study aims to investigate the influence of cultural values on perceptions of corporate sustainable development (CSD). In recent years, the intensity of the connection between cultural values and SD has been a heavily debated topic. Subsequently, this issue has gained considerable attention from management academics. Design/methodology/approach: To shed light on this phenomenon, this study uses econometric techniques (linear regression) and conducts a survey of business executives in medium and large firms to search for evidence that cultural values significantly affect perceptions of CSD. Findings: The findings indicate that forward-looking executives who envision themselves as individuals rather than members of a group exhibit more positive perceptions of CSD practices than the rest. Originality/value: To the best of the authors’ knowledge, this is the first empirical assessment of cultural values on the perceptions of the three aspects (economic, social and environmental) of CSD.

This paper aims to disentangle the impact of the COVID-19 crisis on four major Greek bank stocks that were traded in the Athens Stock Exchange during the period the pandemic begun. To this end we employ an event study methodology and estimate Cumulative Abnormal Returns (CARs) that stem from three key announcement dates. These dates include two monetary policy and a major health news announcement. The four banks we focus on are the National Bank of Greece, Eurobank, Alpha Bank and Piraeus Bank. We calculate abnormal stock returns in windows of ±10, ±5, ±2, ±1 and day of the announcements, and report that monetary policy announcements either do not affect stock performance or their effect is only mild, while health news have a positive impact on stock returns.

In this study, we examine the impact of residence-by-investment programs on collaborative economy platforms, particularly in the context of Greece’s tourism sector. Recent policy interventions have introduced significant restrictions on these programs, aiming to address housing shortages, but have inadvertently affected the short-term rental market. Our findings suggest that residence-by-investment programs play a crucial role in sustaining the growth of collaborative economy platforms, as investors often engage in short-term rentals to generate returns on their properties. These results underscore the importance of carefully balancing regulatory changes with economic incentives. Restrictive policies could dampen investment-driven tourism growth, while well-structured residence-by-investment programs may provide a pathway for sustainable tourism development. Our findings contribute to the broader discussion on tourism, digital business models, and the evolving regulatory landscape surrounding the collaborative economy.

This paper discusses the future of the Stability and Growth Pact (hereafter SGP). Although Neoclassical economic models argue that strict fiscal and monetary rules minimize moral hazard and crowding out, in practice many governments adopt fiscal expansion (in recent years in the form of non-standard monetary measures) to mitigate market failures, consequently rethinking monetary rules and targets. Government spending and countercyclical policies are essential tools for soothing business cycles and other market failures. To this end, we empirically test whether current and past forms of the SGP have led to greater convergence, while we critically assess and investigate a possible SGP reform. By adopting more flexible rules, in terms of government spending and fiscal expansion, the Economic and Monetary Union (hereafter EMU) could yield multiple positive spillover effects in long-term economic growth under specific terms and conditions, such as green conditionalities. We conclude that to mitigate the triple crisis threat (economic, environmental and health), what is mostly needed are reforms in the form of fiscal federalism, such as common debt issuance (Eurobonds) that enhance the ability of the EMU to tackle the consequences of the aforementioned crises.