Testing q-theory under Endogenous Truncation: Bias Correction
Bias Correction: A new methodology corrects bias in empirical investment studies that rely on truncated samples of publicly listed firms, supporting the q-theory and showing that investment-cash flow sensitivity disappears and the relation between investment and q increases fourfold.
Featured in No. 37 on 14 Feb 2024 ·
- Released
- 26 Jul 2022
- First featured
- No. 37 · 14 Feb 2024
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 4721782
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).