论文标题
整合经验融资中的结构和减少形式方法
Integrating Structural and Reduced-Form Methods in Empirical Finance
论文作者
论文摘要
我讨论了基于统计模型参数估计的推论（降低形式估计）可以根据经济模型参数（结构估计）的估计而结合推断的各种方法。我讨论了五个基本的集成类别：使用统计模型直接结合两种方法来简化结构估计，使用结构估计来扩展降低形式结果的有效性，使用降低形式的技术来评估结构估计的外部有效性，并以结构估计的外部有效性，并将结构估计作为样本选择补救措施。我用公司融资，银行业和个人理财的示例说明了每种方法。
I discuss various ways in which inference based on the estimation of the parameters of statistical models (reduced-form estimation) can be combined with inference based on the estimation of the parameters of economic models (structural estimation). I discuss five basic categories of integration: directly combining the two methods, using statistical models to simplify structural estimation, using structural estimation to extend the validity of reduced-form results, using reduced-form techniques to assess the external validity of structural estimations, and using structural estimation as a sample selection remedy. I illustrate each of these methods with examples from corporate finance, banking, and personal finance.
