Financial Microeconometrics A Research Methodology in Corporate Fina

This book explores new topics in modern research on empirical corporate finance and applied accounting, especially the econometric analysis of microdata. Dubbed “financial microeconometrics” by the author, this concept unites both methodological and appli

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Financial Microeconometrics A Research Methodology in Corporate Finance and Accounting

Financial Microeconometrics

Marek Gruszczyński

Financial Microeconometrics A Research Methodology in Corporate Finance and Accounting

Marek Gruszczyński Institute of Econometrics SGH Warsaw School of Economics Warsaw, Poland

ISBN 978-3-030-34218-0 ISBN 978-3-030-34219-7 https://doi.org/10.1007/978-3-030-34219-7

(eBook)

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Preface

This book explores topics of modern research in corporate finance and accounting. Emphasis is placed on both methodology and applications, jointly labeled as financial microeconometrics. How can financial distress in companies be predicted? Is corporate governance associated with financial results? What are the determinants of accounting disclosures? These and other questions may be reliably examined utilizing the methods explored in this book. The clear presentation of methods is buttressed by numerous examples from corporate finance and accounting literature. Reportedly, this is the first English-language monograph on financial microeconometrics, the term first coined by the author in a publication in 2008. Financial microeconometrics covers topics known as “empirical corporate finance” and “applied accounting” especially in the subjects connected with the econometric analysis of microdata. “Financial microeconometrics emerges as a natural consequence of applying statistical and econometric methods to corporate finance, accounting and other fields of finance. The applied research in accounting and corporate finance is inevitably linked with the use of notions like statistical sample, population, and t