On the Use of Instrumental Variables in Accounting Research
By David F. Larcker, T. Rusticus. 2010
2,214 citations recorded by the source corpus.
Subfields: Accounting, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/535644066d208a8f94d26377c8519d1dd7d211e0
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Omrane Guedhami
- Christian Leuz
- Martin Walker
- Peter D. Wysocki
- Collins G. Ntim
- Jeffrey A. Pittman
- Jere R. Francis
- K. Hussainey
In Strategy and Management
- Christian Leuz
- Peter D. Wysocki
- Omrane Guedhami
- Collins G. Ntim
- K. Hussainey
- G. He
- Martin Walker
- Jere R. Francis
Citations in the corpus
- Internal Governance and Real Earnings Management (2016, methodology): “As discussed below, we conduct the tests suggested by Larcker and Rusticus (2010) and find that these four instruments are relevant and valid.”
- The Role of CEO’s Personal Incentives in Driving Corporate Social Responsibility (2014, methodology): “However this greater efficiency comes at a cost (Larcker and Rusticus, 2010): a limited-information estimator such as a 2SLS model using instrumental 21 variables has the advantage that the estimates in the second stage are not affected even when the first stage is mis-specified.”
- Will Harmonizing Accounting Standards Really Harmonize Accounting? Evidence from Non-U.S. Firms Adopting U.S. GAAP (2008, neutral): “, Ali & Hwang [2000]; Ball, Robin, & Wu [2003]; Leuz, Nanda, & Wysocki [2003]; Burgstahler, Hail, & Leuz [2006]).”
- Causal Inference in Accounting Research (2016, background): “endogeneity (Larcker and Rusticus, 2010; Lennox, Francis, and Wang, 2012) and continue to do so.”
- The Relative Value Relevance of Shareholder Versus Stakeholder Corporate Governance Disclosure Policy Reforms in South Africa (2012, positive): “Generally, a variable is classified as endogenous if it is correlated with the error term (Wooldridge, 2002: 50), and arises mainly from omitted variable bias and simultaneity (Larcker & Rusticus, 2010: 186).”
- Family control and corporate cash holdings: Evidence from China (2015, background): “As discussed by Zellner and Theil (1962), Cornwell et al. (1992) and Larcker and Rusticus (2010), 3SLS goes one step further compared to 2SLS, so it is better at dealing with the endogenous issue.”
- Disclosure and Cost of Equity Capital in Emerging Markets: The Brazilian Case (2010, methodology): “Our main analysis reveals that disclosure levels measured by the BCDI are negatively associated with cost of equity capital for our sample of Brazilian firms using a panel data specification and several control variables as suggested by Larcker and Rusticus (2005) and Nikolaev and van Lent (2005).”