On Survey Data Analysis in Corporate Finance
- Publisher: Institute of Comparative Economic Studies, Hosei University
Journal of International Economic Studies = Journal of International Economic Studies,
Recently, survey data analysis has emerged as a new method for testing hypotheses andfor clarifying the relative importance of different factors in corporate finance decisions. This paper investigates the advantages and drawbacks of survey data analysis, methodology of survey data analysis such as questionnaire design, and analytical methods for survey data, incomparison with traditional large sample analysis. We show that survey data analysis does not replace traditional large sample analysis but complements it and derive a new theory based on new realistic assumptions which are consistent with the results of survey data analysis.