Financial Microeconometrics

1. Front Matter

   Pages i-xx

   PDF

2. Introduction

   • Marek Gruszczyński

   Pages 1-21

3. Models of Financial Microeconometrics

   • Marek Gruszczyński

   Pages 23-76

4. Modeling Financial Distress and Bankruptcy

   • Marek Gruszczyński

   Pages 77-119

5. Accounting Research and Disclosure Microeconometrics

   • Marek Gruszczyński

   Pages 121-157

6. The Microeconometrics of Corporate Governance

   • Marek Gruszczyński

   Pages 159-195

7. Topics in Empirical Corporate Finance and Accounting

   • Marek Gruszczyński

   Pages 197-215

This book explores new topics in modern research on empirical corporate finance and applied accounting, especially the econometric analysis of microdata. Dubbed “financial microeconometrics” by the author, this concept unites both methodological and applied approaches. The book examines how quantitative methods can be applied in corporate finance and accounting research in order to predict companies getting into financial distress. Presented in a clear and straightforward manner, it also suggests methods for linking corporate governance to financial performance, and discusses what the determinants of accounting disclosures are. Exploring these questions by way of numerous practical examples, this book is intended for researchers, practitioners and students who are not yet familiar with the variety of approaches available for data analysis and microeconometrics.


“This book on financial microeconometrics is an excellent starting point for research in corporate finance and accounting. In my view, the text is positioned between a narrative and a scientific treatise. It is based on a vast amount of literature but is not overloaded with formulae. My appreciation of financial microeconometrics has very much increased. The book is well organized and properly written. I enjoyed reading it.”

Wolfgang Marty, Senior Investment Strategist, AgaNola AG

  

• Financial microeconometrics
• Empirical corporate finance
• Applied accounting
• Models of qualitative variables
• Financial distress prediction
• Casuality
• Financial distress and bankruptcy
• Financial disclosure
• Equity valuation
• Corporate Governance
• Value relevance of financial statements

“The book delivers a compelling introduction and overview of FM and its many applications throughout finance and accounting. It is a distinguished starting point to explore this growing field and provides immense value for both practitioners and academics.” (Matthias M. M. Buehlmaier, zbMATH 1444.91001, 2020)

• Institute of Econometrics, SGH Warsaw School of Economics, Warsaw, Poland

  Marek Gruszczyński

Marek Gruszczyński is a professor at the Institute of Econometrics, SGH Warsaw School of Economics, Poland. His areas of expertise include applied econometrics, microeconometrics, time series forecasting, empirical corporate finance, fundamental analysis and corporate governance. He has authored textbooks, monographs and articles, with the book “Empirical Corporate Finance. Financial Microeconometrics” (2012, in Polish) having been honored in his native country with the prestigious “Beta” award (2013). His other book “Models and Forecasts of Qualitative Variables in Finance and Banking” (2002, in Polish) was granted the ministerial prize.

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