Answering a causal question with results extendable outside of a narrow sample is challenging. Regression discontinuity design (RDD) provides causal results with strong internal, but weak external, validity. We introduce a novel machine learning technique, causal forest, into the corporate...

We examine which methods are appropriate for estimating dynamic panel data models in empirical corporate finance. Our simulations show that the instrumental variable and GMM estimators are unreliable, and sensitive to the presence of unobserved heterogeneity, residual serial correlation, and...

Firm level empirical research on the impact of financing decisions on small business performance is scarce in the Australian context. This study adopts an instrument variable (IV) approach to analysis the impact of financing decisions, in particular, equity or debt obtained, on the performance...

This paper presents a review of published accounting research based on quantitative methods originating in Poland between 2010 and 2021. Twenty-one international and national journals were examined, all having "accounting" in their title, as well as the leading Polish journal on accounting...

A concept of a kernel was re-visited for coalition formation in a game of interconnected participants characterized by monotonic contribution functions. We focused on special coalitions that have an advantage over the remaining, due to yielding higher contribution of each individual participant

We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is...

Offshore-Windparks sind eine wichtige Säule für die erfolgreiche Umsetzung der Energiewende. Weltweit boomen der Ausbau und die Entwicklung dieser nachhaltigen Technologien mit unterschiedlichen nationalen Herausforderungen. Allen Projekten ist jedoch gemein, dass mit steigender Tendenz viel...

Diese Studie untersucht mögliche Auswirkungen der Corona-Pandemie auf die Finanzierung von kleinen und mittleren Unternehmen (KMU). Zu Beginn der Corona-Pandemie ist die Anzahl der KMU mit Finanzierungsproblemen gestiegen, sowohl in Deutschland als auch in weiteren Ländern des Euroraums. KMU...