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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m…
Revaz Lordkipanidze
Humanity often wastes a great deal of time on empty debates, while nature offers the best answers. Naturally, if we compare living conditions in icy waters or in the hellish heat of the desert, it’s natural to live better in the temperate climate of the world…
Sitong Chen, Ruixi Zhang, Chonghao Gao, Yixin Liu, Lei Chen
Based on data from Chinese A-share listed companies from 2015 to 2023, this paper constructs the comprehensive index for corporate digital transformation using text analysis and PCA/FA methods. It empirically examines the driving effect and mechanisms of the…
Christina Vadasi
This paper examines whether corporate governance mechanisms are associated with the financial performance of non-financial firms listed on the Athens Stock Exchange (ASE) in 2019, the first full year after Greece’s exit from its adjustment programs and the la…
Laura Marsiliani, Thomas I. Renström, Narongchai Yaisawang, 1 1
We develop a model of sovereign default where borrowers’ physical capital is not observable by the lenders and therefore the bond price schedule does not depend on capital accumulation. Borrowers take decisions on consumption, investment in physical capital,…
Luis Felipe Vidal Arellano
This paper reinterprets the firm as a governance system by critically synthesizing three foundational theoretical contributions: Ronald Coase’s theory of transaction costs, Modigliani and Miller’s capital structure paradigm, and Jensen and Meckling’s agency t…
Yue Zhu, Shuyi Wen, Shicheng Li, Xiaoyong Huang
Addressing the long-standing structural disconnection issues of “having towns without industries” and “having industries without towns” at the township level in China, and in the context of the in-depth promotion of China’s digital rural strategy, this study,…
Timoleon Papadopoulos
This study examines the perceptions of top-level decision makers in Greek public interest organizations regarding key enablers and barriers to risk management implementation. Despite the strategic importance of risk governance globally, empirical evidence fro…
Ramat Ibrahim Abderahim, Nourou Mohammadou
The purpose of this study is to analyse the effects of financial subsidies on the productivity of public enterprises in Sub-Saharan Africa. Based on theories of public enterprise management and stylised facts, we formulate the hypothesis that financial subsid…
Timoleon Papadopoulos
This study explores the institutionalization of risk management practices within the Greek public sector, drawing on a national survey of 378 civil servants. Amid post-crisis governance reforms, Greece presents a compelling context to examine how risk-related…
Chongrong Wang, Hasan Ghazi
This study evaluates the impact of The Bahamas’ Central Bank Digital Currency (CBDC), the Sand Dollar, on mobile money usage by using the Synthetic Control Method (SCM). By choosing a selection of Small Island Developing States (SIDSs) that did not adopt CBDC…
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Theoretical Economics Letters (TEL) is an openly accessible journal published bimonthly. The goal of this journal is to provide a platform for scientists and academicians all over the world to promote, share, and discuss various new issues and developments in different areas of theoretical economics. All manuscripts m… All articles are open access under a CC BY 4.0 licence, with authors retaining copyright.
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