Feedback

HEC-Ecole de gestion de l'Université de Liège
HEC-Ecole de gestion de l'Université de Liège
MASTER THESIS
VIEW 34 | DOWNLOAD 7

Are financial conflicts of interest leading to reporting errors in financial and economics academic literature?

Download
Roex, Xavier ULiège
Promotor(s) : Hambuckers, Julien ULiège
Date of defense : 18-Jun-2024/25-Jun-2024 • Permalink : http://hdl.handle.net/2268.2/19821
Details
Title : Are financial conflicts of interest leading to reporting errors in financial and economics academic literature?
Translated title : [fr] Les conflits d'intérêts financiers sont-ils à l'origine d'erreurs de déclaration dans la littérature académique financière et économique ?
Author : Roex, Xavier ULiège
Date of defense  : 18-Jun-2024/25-Jun-2024
Advisor(s) : Hambuckers, Julien ULiège
Committee's member(s) : Bruns, Stephan 
Language : English
Number of pages : 47
Keywords : [en] conflicts of interest, reporting errors, Caliper Test, probit regression, OLS regression, academic transparency, research integrity
Discipline(s) : Business & economic sciences > Quantitative methods in economics & management
Name of the research project : /
Target public : Other
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] This thesis explores whether financial conflicts of interest lead to reporting errors in academic literature within the fields of finance and economics. By analyzing 2554 articles and 377962 z-values from 1998 to 2016, the study assessed the impact of conflicts of interest on the accuracy of reported statistical results. The analysis employed quantitative techniques such as the Caliper Test, probit regression, and OLS regression. The Caliper Test revealed a significant over-representation of z- values just above critical thresholds, indicating potential result manipulation. Probit regression showed that, in economics, declaring conflicts of interest significantly decreases the likelihood of reporting significant results, while in finance, it slightly increases. OLS regression indicated that funding negatively influences the proportion of significant results, suggesting higher methodological rigor in funded research. The study emphasized the importance of transparency and concluded that researchers should disclose conflicts of interest, whilst journals need to enforce strict disclosure requirements. Funding bodies should consider implementing policies to minimize biases and unbiased research. In conclusion, financial conflicts of interest significantly affect the integrity of academic research in finance and economics. Promoting transparency and ethical standards is crucial for maintaining the reliability and credibility of published research, supporting better-informed economic and financial policies


File(s)

Document(s)

File
Access ROEX_Xavier.pdf
Description:
Size: 640.79 kB
Format: Adobe PDF

Author

  • Roex, Xavier ULiège Université de Liège > Master sc. gest., fin. spéc. banking & asset man.

Promotor(s)

Committee's member(s)

  • Bruns, Stephan
  • Total number of views 34
  • Total number of downloads 7










All documents available on MatheO are protected by copyright and subject to the usual rules for fair use.
The University of Liège does not guarantee the scientific quality of these students' works or the accuracy of all the information they contain.