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Mickey Mouse and the IDioT principle for assessing research contribution: discussion of ‘Is the relationship between investment and conditional cash flow volatility ambiguous, asymmetric or both?’
Author(s) -
Faff Robert
Publication year - 2013
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/acfi.12050
Subject(s) - salient , volatility (finance) , cash flow , empirical research , economics , context (archaeology) , positive economics , idiot , epistemology , psychology , political science , financial economics , accounting , law , philosophy , history , psychiatry , archaeology
Keefe and Tate ([Keefe, M., 2013]) provide both interesting and worthwhile insights into whether, under what circumstances and to what extent cash flow volatility impacts corporate investment. In the current paper, I have two related goals. First, more narrowly, I provide a constructively critical commentary on salient aspects of their empirical strategy, giving particular emphasis to the key drivers of K eefe and T ate's contribution to the literature. Second, illustrated in the context of K eefe and T ate, my broader goal is to give general advice especially aimed at novice researchers on how to make any empirical study more appealing to a critical reader.