Showing 1 - 10 of 910
Persistent link: https://www.econbiz.de/10011573984
We examine whether the introduction of the euro had a significant impact on the synchronization of business cycles among members of Economic and Monetary Union (EMU). Empirical evidence on this relationship is rare so far and suffers from methodical weaknesses, such as the absence of time...
Persistent link: https://www.econbiz.de/10011118002
Microcredit, a financial tool providing uncollateralized loans to low-income individuals, has seen a shift from joint-liability (JL) to individual liabil- ity (IL) lending models. This article tests a theory explaining this shift, focusing on borrowers matching into groups exposed to similar...
Persistent link: https://www.econbiz.de/10015271329
This paper presents an integrated analysis of the relationships between managerial share ownership (or alternatively the percentage of equity-based compensation), four additional corporate governance mechanisms, and firm value by explicitly incorporating the simultaneity of the process...
Persistent link: https://www.econbiz.de/10005862888
We present the asymptotic properties of double-stage quantile regressionestimators with random regressors, where the first stage is based on quantile regressionswith the same quantile as in the second stage, which ensures robustness of the estimationprocedure. We derive invariance properties...
Persistent link: https://www.econbiz.de/10005868899
Armstrong et al. (2022) review the empirical methods used in the accounting literature to draw causal inferences. They document a growing number of studies using quasi-experimental methods and provide a critical perspective on this trend as well as the use of these methods in the accounting...
Persistent link: https://www.econbiz.de/10014001223
endogeneity problem makes it difficult to identify the real effect of institutional factors at local level on firms’ efficiency … institutions and production efficiency, under the arrangement that endogeneity is well addressed. Specifically, we use a panel … corruption. Moreover, when controlling for endogeneity, the magnitude of the effects of institutional quality factors at local …
Persistent link: https://www.econbiz.de/10014335025
For decades, the literature on the estimation of production functions has focused on the elimination of endogeneity …
Persistent link: https://www.econbiz.de/10014474507
. They use this method to identify and correct endogeneity when estimating regression models with non-experimental data. The …
Persistent link: https://www.econbiz.de/10014501601
The paper discusses the major identi…fication issue of coherency conditions in LDVmodels with endogeneity and flexible …
Persistent link: https://www.econbiz.de/10008911509