Paper Spotlight: Economic Significance in Corporate Finance
A recent trend in the reporting of empirical results in the finance literature has been to focus on the economic significance of the results, rather than simply stating the statistical significance of the documented effects. This is a welcome development that will help convey the importance of the empirical findings in our field. But what is the best way to measure economic significance? Should the effects be reported as a… Read More »Paper Spotlight: Economic Significance in Corporate Finance