. . . celebrity endorsements are value enhancing events and damage to celebrity’s image has detrimental effects on company’s value. On the other hand, lack of robustness of this paper’s findings may suggest that the old adage “any publicity is good publicity” still holds true (Bartz, Molchanov, & Stork, December 2012).
. . . the older is the ruling class [in a country] the lower is the public investment in education and productive services (Atella & Carbonari, February 2013).