Endogeneity in Empirical Corporate Finance1

By Michael R. Roberts, Toni M. Whited. 2013

1,259 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/0b18d7fc62ea0b32a7d431f156c394c166f0a047

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Citations in the corpus

Trade Credit Provision and National Culture (2016, neutral): “Roberts and Whited (2013) list three sources of endogeneity: omitted explanatory variables, simultaneity bias, and measurement errors.”
Female board directorship and firm performance: What really matters? (2018, background): “See Johnson et al. (2013) for a discussion of the different directors’ attributes studied in the literature and the different ways they are measured.”
Cross-Listing, Investment Sensitivity to Stock Price, and the Learning Hypothesis (2012, background): “Pagano, Roëll, and Zechner (2002) find that industry characteristics are a primary driver of cross-listing location, whereas Sarkissian and Schill (2004) show that geographic, cultural, and economic proximity play a dominant role in the choice of overseas venue.”
New Evidence on the Role of the Media in Corporate Social Responsibility (2016, neutral): “Three potential sources of endogeneity, namely reverse causality, measurement error, and omitted variables could affect our results to different degrees (Roberts and Whited 2013).”
Managerial Risk-Taking Incentive and Firm Innovation: Evidence from FAS 123R (2018, neutral): “Though we cannot directly test the parallel trends assumption, we conduct several tests suggested by Roberts and Whited (2013) to ensure that the parallel trends assumption is likely to hold in our setting.”
Enhancing Rigor in Quantitative Entrepreneurship Research (2019, methodology): “…correcting for endogeneity using appropriate methods, including quasi- experimental techniques (Antonakis et al., 2010; Hamilton & Nickerson, 2003; Roberts & Whited, 2013), such as instrumental variable (IV) estimation (Bascle, 2008; Semadeni et al., 2014), regression discontinuity design (RDD)…”
The dark side of CEO ability: CEO general managerial skills and cost of equity capital☆ (2014, neutral): “and iii) traditional capital asset pricing models, such as the Sharpe (1964)-Lintner (1965) single factor capital assets pricing model (CAPM) and the Fama-French three factor model (see, e.”
A Corporate Culture Channel: How Increased Shareholder Governance Reduces Firm Value (2013, methodology): “To obtain estimates of the consequences of increases in shareholder governance, I follow the standard methods for a fuzzy regression discontinuity design and adopt a potential outcomes framework (Roberts and Whited (2013)).”