Accounting and Causal Effects. Econometric Challenges

Аннотация

In this book, we synthesize a rich and vast literature on econometric challenges associated with accounting choices and their causal effects. Identification and estimation of endogenous causal effects is particularly challenging as observable data are rarely directly linked to the causal effect of interest. A common strategy is to employ logically consistent probability assessment via Bayes’ theorem to connect observable data to the causal effect of interest.