Foundations and Trends in Accounting最新文献_第2页

Causal Inferences in Capital Markets Research: Preface 资本市场研究中的因果推论:前言

Foundations and Trends in Accounting Pub Date : 2016-08-17 DOI: 10.1561/1400000040

I. Marinovic

引用次数: 1

Mostly Useless Econometrics? Assessing the Causal Effect of Econometric Theory 大多数无用的计量经济学?计量经济学理论的因果效应评估

Foundations and Trends in Accounting Pub Date : 2016-08-16 DOI: 10.1561/1400000049

John Rust

{"title":"Mostly Useless Econometrics? Assessing the Causal Effect of Econometric Theory","authors":"John Rust","doi":"10.1561/1400000049","DOIUrl":"https://doi.org/10.1561/1400000049","url":null,"abstract":"Economics is highly invested in sophisticated mathematics and empirical methodologies. Yet the payoff to these investments in terms of uncontroverted empirical knowledge is much less clear. I argue that leading economics journals err by imposing an unrealistic burden of proof on empirical work: there is an obsession with establishing causal relationships that must be proven beyond the shadow of a doubt. It is far easier to publish theoretical econometrics, an increasingly arid subject that meets the burden of mathematical proof. But the overabundance of econometric theory has not paid off in terms of empirical knowledge, and may paradoxically hinder empirical work by obligating empirical researchers to employ the latest methods that are often difficult to understand and use and fail to address the problems that researchers actually confront. I argue that a change in the professional culture and incentives can help econometrics from losing its empirical relevance. Econometric theory needs to be more empirically motivated and problem-driven. Economics journals should lower the burden of proof for empirical work and raise the burden of proof for econometric theory. Specifically, there should be more room for descriptive empirical work in our journals. It should not be necessary to establish a causal mechanism or a non-parametrically identified structural model that provides an unambiguous explanation of empirical phenomena as a litmus test for publication. On the other hand, journals should increase the burden on econometric theory by requiring more of them to show how the new methods they propose are likely to be used and be useful for generating new empirical knowledge.","PeriodicalId":53653,"journal":{"name":"Foundations and Trends in Accounting","volume":"72 1","pages":"125-203"},"PeriodicalIF":0.0,"publicationDate":"2016-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87998693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9

Just How Sensitive are Instrumental Variable Estimates 工具变量估计有多敏感

Foundations and Trends in Accounting Pub Date : 2016-08-16 DOI: 10.1561/1400000048

P. Reiss

引用次数: 8

Comments and Observations Regarding the Relation Between Theory and Empirical Research in Contemporary Accounting Research 当代会计研究中理论与实证关系的评析与观察

Foundations and Trends in Accounting Pub Date : 2016-08-16 DOI: 10.1561/1400000046

Qi Chen, K. Schipper

{"title":"Comments and Observations Regarding the Relation Between Theory and Empirical Research in Contemporary Accounting Research","authors":"Qi Chen, K. Schipper","doi":"10.1561/1400000046","DOIUrl":"https://doi.org/10.1561/1400000046","url":null,"abstract":"We offer some thoughts on the relation between theoretical and empirical accounting research in the context of causal inference, in response to two questions posed by Professor Ivan Marinovic, organizer of the 2014 Stanford University Graduate School of Business Causality conference. The two questions are: should causal inference be the objective of accounting research; and what is, and what should be, the relation between theory and empirical research in accounting? With regard to the latter, we point to two sources of difficulty: (1) confusion and disagreement about interpretation, advantages and disadvantages of various empirical identification strategies; and (2) a lack of progress on the part of empirical researchers in testing the implications of existing accounting theories and thereby providing discipline to those theories. We argue that published empirical accounting research relies too much on insufficiently precise verbal models or generic models that provide few or no new accounting-specific insights and tends to ignore recent advances made by theoretical researchers. As a result analytical models in accounting research are not sufficiently challenged by empirical research and analytical researchers have made slow progress in establishing a meaningful distinction between accounting information and other types of information provided by firms and their managers. Our concern is that accounting research is in danger of losing the healthy disciplining balance between theory and empirical research that is essential to any scientific field. Without this balance, the profession becomes a discipline of beliefs, rather than a discipline of scientific discovery.","PeriodicalId":53653,"journal":{"name":"Foundations and Trends in Accounting","volume":"3 1","pages":"314-360"},"PeriodicalIF":0.0,"publicationDate":"2016-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87522387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 14

Interpreting Point Predictions: Some Logical Issues 解读点预测:一些逻辑问题

Foundations and Trends in Accounting Pub Date : 2016-01-01 DOI: 10.1561/1400000047

C. Manski

引用次数: 13

Psychology Models of Management Accounting 管理会计的心理学模型

Foundations and Trends in Accounting Pub Date : 2009-01-01 DOI: 10.1561/1400000006

Aboody Aboody

引用次数: 1

Experimental Research in Financial Reporting: From the Laboratory to the Virtual World 财务报告的实验研究:从实验室到虚拟世界

Foundations and Trends in Accounting Pub Date : 2007-01-01 DOI: 10.2308/ACCR.2010.85.4.1473

R. Bloomfield, Kristina Rennekamp

引用次数: 22