Essays on Empirical Corporate Finance


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Essays on Empirical Corporate Finance

Vis færre oplysninger Amore, Mario Daniele 2012-05-25 2012-05-29T07:32:43Z 2012-05-29T07:32:43Z 2012-05-29
dc.identifier.isbn 9788792842671
dc.identifier.isbn 9788792842664
dc.identifier.issn 0906-6934
dc.description.abstract The effect of corporate governance and managers on the value of companies has received great attention in the recent public debate. In the academic research, this increased attention has been associated with an effort to develop finer conceptual frameworks and analytical techniques to assess how governance and financial characteristics influence corporate policies and profitability. While theoretical models represent a successful approach under specific hypotheses, the econometric analysis of corporate governance and managerial characteristics has proven to be extremely challenging. Because governance and managerial characteristics are equilibrium outcomes largely determined by the firm itself, it is methodologically difficult to separate out their determinants from their consequences to infer causal effects. Since its infancy the empirical corporate governance and corporate finance research has faced this problem, which is often responsible for mixed empirical results. In my dissertation, I adopt a common methodological framework developed in the “program evaluation” literature to shed new light on the effects of governance and managerial characteristics on a variety of corporate policies and, ultimately, firm performance. In particular, I estimate a class of difference-in-differences models deriving the empirical identifications from policy changes that generate “quasi-natural experiments”. en_US
dc.format.extent 178 en_US
dc.language eng en_US
dc.publisher Copenhagen Business School en_US
dc.relation.ispartofseries PhD Series;20.2012
dc.title Essays on Empirical Corporate Finance en_US
dc.type phd en_US
dc.accessionstatus modt12maj29 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk Institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US
dc.idnumber 9788792842671 en_US Frederiksberg en_US
dc.publisher.year 2012 en_US

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