• DOI:10.1080/09638180701269905
Corpus ID: 154160438

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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