Topics in Empirical Corporate Finance and Accounting

This chapter presents a selection of additional research topics associated with corporate finance, corporate governance, and accounting. We begin with questions of how fundamental corporate information is translated into market returns and what is its relevance to company valuation. These are subjects of the “value relevance of companies’ financial statements,” “microeconometrics for equity valuation,” and “fundamental strategies.” The second part of this chapter presents several topics demonstrating other applications of microeconometric methodology: mergers and acquisitions, IPOs, and dividend payouts.