Spillover Effects in Empirical Corporate Finance: Choosing the Proxy for Treatment Coverage
The existing literature indicates that spillovers can lead to a complicated bias in the estimation of causal effects in empirical corporate finance. We show that, under the assumption of simple random treatment assignment and when the proxy chosen for the group-level treatment coverage is the leave-...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2022-08-01
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| Series: | Computation |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2079-3197/10/9/149 |