Endogeneity and Empirical Accounting Research

@article{Larcker2007EndogeneityAE,
  title={Endogeneity and Empirical Accounting Research},
  author={David F. Larcker and T. Rusticus},
  journal={European Accounting Review},
  year={2007},
  volume={16},
  pages={207 - 215}
}
  • David F. Larcker, T. Rusticus
  • Published 2007
  • Economics
  • European Accounting Review
  • Abstract The discussion reinforces and expands on some of the fundamental issues about endogeneity raised by Chenhall and Moers (European Accounting Review, this issue, pp. 173–195). We focus on the econometric problems researchers encounter when investigating the performance effects of some endogenous firm choice. Our points are illustrated using the classic research question about the relation between managerial equity ownership and firm value. We consider cases where ownership is treated as… CONTINUE READING
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