Webwho operate in the equilibrium paradigm, in this particular empirical context or any other, is to address the endogeneity problem either by specifying and estimating a structural model of the firm or by implementing suitable econometric remedies.4 While other empirical agendas would be equally suitable, the performance-ownership literature WebDec 1, 2024 · Endogeneity in Empirical Corporate Finance1 Michael R. Roberts, Toni M. Whited Economics 2013 1,022 Does Firm Investment Respond to Peers' Investment? M. C. Bustamante, Laurent Frésard Economics Manag. Sci. 2024 We study whether, how, and why the investment of a firm depends on the investment of other firms in the same …
Frontiers Corporate financialization, financing constraints, and ...
WebApr 12, 2024 · Corporate performance in ESG has received increased attention; however, the discussion on how digital development will affect corporate practice of ESG needs to be deepened. This paper discusses the impact of digital transformation on corporate ESG performance using multiple linear regressions with STATA 17.0 for 2707 companies … WebB9329-001: Empirical Corporate Finance (PhD) Fall 2024 Syllabus Instructor: Professor Xavier Giroud Contact: Email: [email protected] Office: Uris 806 Class … iow ferry strike
Structural Models and Endogeneity in Corporate Finance
WebThis chapter discusses how applied researchers in corporate finance can address endogeneity concerns. We begin by reviewing the sources of endogeneity—omitted … WebDec 23, 2024 · Despite their importance, the discussion of spillover effects in empirical research often misses the rigor dedicated to endogeneity concerns. We analyze a broad set of workhorse models of firm interactions and show that spillovers naturally arise in many corporate finance settings. Webcorporate investment during the pandemic, which are undoubtedly determined by the developments of COVID-19 outbreak, would expose the empirical model to a serious endogeneity problem. We borrow the idea from Gulen and Ion (2016) to overcome this endogeneity issue. iow ferry yarmouth to lymington