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- W2975993931 abstract "Since the work of Morck et al. (Journal of Financial Economics 20: 293–315, 1988), nonlinear model specification has gained more attention in corporate finance research. In this paper, we provide a detailed review of the previous studies that have examined nonlinear relations in corporate finance. We review the theory and evidence in these studies and discuss the advantages and disadvantages of the various methodologies used to detect nonlinearity. We also suggest two possible methodological extensions, which we apply in the empirical analysis of R&D investment and firm value." @default.
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- W2975993931 date "2012-11-14" @default.
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- W2975993931 title "Nonlinear Models in Corporate Finance Research: Review, Critique, and Extensions" @default.
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- W2975993931 doi "https://doi.org/10.1007/978-1-4614-5360-4_73" @default.
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