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Endogeneity in empirical corporate finance

Roberts, Michael R.; Whited, Toni Marion - 2011 - Rev.

This chapter discusses how applied researchers in corporate finance can address endogeneity concerns. We begin by … reviewing the sources of endogeneity - omitted variables, simultaneity, and measurement error - and their implications for … inference. We then discuss in detail a number of econometric techniques aimed at addressing endogeneity problems including …

Persistent link: https://www.econbiz.de/10009571811

Validierung von Konzepten zur Messung des Marktrisikos : insbesondere des Value at Risk und des Expected Shortfall

Mehmke, Fabian; Cremers, Heinz; Packham, Natalie - 2012

Market risk management is one of the key factors to success in managing financial institutions. Underestimated risk can have desastrous consequences for individual companies and even whole economies, not least as could be seen during the recent crises. Overestimated risk, on the other side, may...

Persistent link: https://www.econbiz.de/10009575075

Econometric evaluation of EU Cohesion Policy : a survey

Hagen, Tobias; Mohl, Philipp - 2009

More than one third of the European Union's total budget is spent on socalled Cohesion Policy via the structural funds. Its main purpose is to promote the development of the EU and to support convergence between the levels of development of the various European regions. Investigating the impact...

Persistent link: https://www.econbiz.de/10003881569

Recent developments in the econometrics of program evaluation

Imbens, Guido (contributor); … - 2008

Many empirical questions in economics and other social sciences depend on causal effects of programs or policies. In the last two decades much research has been done on the econometric and statistical analysis of the effects of such programs or treatments. This recent theoretical literature has...

Persistent link: https://www.econbiz.de/10003746894

From estimation results to stylized facts : twelve recommendations for empirical research in international activities of heterogeneous firms

Wagner, Joachim - 2010

. comparisons of distributions; extremely different firms, or outliers; unobserved heterogeneity; simultaneous occurrence of … differences across quantiles, outliers, and unobserved heterogeneity; heterogeneous effects of international firm activities on …

Persistent link: https://www.econbiz.de/10008696779

Cross-country growth empirics and model uncertainty : an overview

Ulaşan, Bülent - 2012

The aim of this paper is to provide an overview of empirical cross-country growth literature. The paper begins with describing the basic framework used in recent empirical crosscountry growth research. Even though this literature was mainly inspired by endogenous growth theories, the...

Persistent link: https://www.econbiz.de/10009538015

New methods for the analysis of links between international firm activities and firm performance : a practitioner's guide

Wagner, Joachim - 2012 - This version: January 9, 2012

heterogeneity matters; and the analysis of causal effects of different intensities of international firm activity on firm …

Persistent link: https://www.econbiz.de/10009407276

From late to MTE : alternative methods for the evaluation of policy interventions

Cornelißen, Thomas; Dustmann, Christian; Raute, Anna; … - 2016

This paper provides an introduction into the estimation of Marginal Treatment Effects (MTE). Compared to the existing surveys on the subject, our paper is less technical and speaks to the applied economist with a solid basic understanding of econometric techniques who would like to use MTE...

Persistent link: https://www.econbiz.de/10011499992

From late to MTE : alternative methods for the evaluation of policy interventions

Cornelißen, Thomas; Dustmann, Christian; Raute, Anna; … - 2016

Persistent link: https://www.econbiz.de/10011502829

The Japanese economy in crises : a time series segmentation study

Cheong, Siew Ann; Fornia, Robert Paulo; Lee, Gladys Hui Ting - 2011

We performed a comprehensive time series segmentation study on the 36 Nikkei Japanese industry indices from 1 January 1996 to 11 June 2010. From the temporal distributions of the clustered segments, we found that the Japanese economy never fully recovered from the extended 1997-2003 crisis, and...

Persistent link: https://www.econbiz.de/10009231301