ORCID
Marek Gruszczyński 0000-0001-8946-0713
Keywords
financial microeconometrics; empirical corporate finance; applied accounting; good practices in research
Abstract
This paper presents the risks of quantitative research pertaining to corporate finance and accounting. These is followed by a survey-like catalogue of good practices in modelling. All considerations are rooted in financial microeconometrics, the field for examining both practical and theoretical questions of applying econometric techniques in corporate finance and accounting research based on the use of microdata (Gruszczyński 2018a). Two major parts of the paper include: (1) discussion of the typical drawbacks in applying regression-type models, like causality vs. correlation, selection of explanatory variables and endogeneity, and (2) list of good practices in microeconometric applications to corporate finance and accounting research, based on Faff (2017), Kennedy (2002), Adams (2017), Hyndman (robjhyndman.com/) and author’s own experience. Catalogue of good practices in microeconometric applications to corporate finance and accounting may serve as the checklist for students and researchers.
Recommended Citation
Gruszczyński, M. (2024). Good Practices in Empirical Corporate Finance and Accounting Research. Journal of Banking and Financial Economics, 2018(10), 45-51. https://doi.org/10.7172/2353-6845.jbfe.2018.2.2
First Page
45
Last Page
51
Page Count
7
Received Date
14 May 2018
Revised Date
17 July 2018
Accept Date
23 July 2018
Online Available Date
22 August 2018
DOI
10.7172/2353-6845.jbfe.2018.2.2
JEL Code
C50; C58; G30; M40
Publisher
University of Warsaw