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Trade intensity and output synchronisation : on the endogeneity properties of EMU

Caporale, Guglielmo Maria; De Santis, Roberta; Girardi, … - In: Journal of financial stability 16 (2015), pp. 154-163

Persistent link: https://www.econbiz.de/10011573984

One money, one cycle? The EMU experience

Gächter, Martin; Riedl, Aleksandra - In: Journal of Macroeconomics 42 (2014) C, pp. 141-155

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

Matching for credit : identifying information asymmetries in joint-liability lending

Klein, Thilo - 2024

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

Managerial Incentives and Firm Valuation - Evidence from Switzerland

Schmid, Markus M.; Zimmermann, Heinz - Wirtschaftswissenschaftliches Zentrum <Basel> - 2007

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

TWO STAGE QUANTILE REGRESSION WHEN THEFIRST STAGE IS BASED ON QUANTILEREGRESSION

Kim, Tae-Hwan; Muller, Christophe - University <Nottingham> / Department of Economics - 2003

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

Towards a design-based approach to accounting research

Leuz, Christian - 2023

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

New wine in old bottle: Exploring the Corruption-inefficiency nexus using endogenous stochastic frontier approach

Finocchiaro Castro, Massimo; Guccio, Calogero - 2023

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

The estimation of production functions with monetary values

Felipe, Jesus; McCombie, John S. L.; Mehta, Aashish - 2024

For decades, the literature on the estimation of production functions has focused on the elimination of endogeneity …

Persistent link: https://www.econbiz.de/10014474507

Revisiting Gaussian copulas to handle endogenous regressors

Becker, Jan-Michael; Proksch, Dorian; Ringle, Christian M. - In: Journal of the Academy of Marketing Science 50 (2021) 1, pp. 46-66

. 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

Novel Approaches to Coherency Conditions in LDV Models

Hajivassiliou, Vassilis - London School of Economics and Political Science - 2008

The paper discusses the major identification issue of coherency conditions in LDVmodels with endogeneity and flexible …

Persistent link: https://www.econbiz.de/10008911509