BNET Business Dictionary
Business Definition for: Causality
- the relation of events to the effects they produce
Wiktionary Definition for: Causality
- The agency of a cause; the action or power of a cause, in producing its effect.
Additional Resources
- Causality: Models, Reasoning, and Inference
- Cambridge University Press, Cambridge, UK, 2000, $39.95, xvi+384 pp., hardcover, ISBN 0-521-77362-8 This book is a very good exposition to the understanding of causality, in a solid and extensive manner. It begins with an introduction to probability theory and Bayesian networks, then it builds models to identify, explain and...
- Research articles 2002-06-01
- Lessons in Effective Persuasion and "Social Proof"
- Lessons in Effective Persuasion and "Social Proof"social proofPersuasion is a fascinating area of research, and one easily confounded. Specifically, attributing causality to one factor when other factors may be confounding the results. In the case given for evidence of social proof, the key is in the interpretation of the "cause"...
- Discussion threads 2008-06-20
- The Fuhrer Principle of International Law: Individual Responsibility and Collective Punishment
- Abstract: I offer here an extended Nietzschean joke: the necessity of error in the constitution of individual authority and communal power. Communities - the nation-state, religious communities, terrorist organizations - are arranged through a cultivation of error: mistaking causes for effects, assuming a...
- White papers 2003-01-01
- Price Dynamics in the U.S. Fiber Markets: Its Implications for Cotton Industry
- The paper examines the price dynamics in the U.S. fiber market using error correction version of Granger causality test. Monthly prices are used to examine short-run and long run price relationships simultaneously. Before specifying causal equations, time series properties of the prices are tested and are found to be first...
- White papers 2003-01-10
- Venture Capital And Productivity
- Policy makers typically interpret positive relations between venture capital investments and innovations as evidence that venture capital investments stimulate innovation (VC-first hypothesis). This interpretation is, however, one-sided because there may be a reverse causality that innovations induce venture capital investments (innovation-first hypothesis): an arrival of new technology increases demands for...
- White papers 2003-09-01
- Aberdeen American News, S.D., Farm and Business Briefs Column.(Originated from Aberdeen American News, S.D.)
- Sep. 1--INSURANCE ASSOCIATES COMPLETED COURSES: Five Milbank/State Auto associates successfully completed Chartered Property/Causality CPCU courses sponsored by the American Institute for CPCU. Part 10 of the program was completed by Sid Fosheim, claSep. 1--INSURANCE ASSOCIATES COMPLETED COURSES: Five Milbank/State Auto associates successfully completed Chartered Property/Causality ...
- Research articles 1995-08-31
- Capital Structure and Firm Performance: A New Approach to Testing Agency Theory and an Application to the Banking Industry
- This paper discusses the capital structure, which employs simultaneous-equations model that accounts for reverse causality from performance and agency costs, banking, efficiency. It discusses that data on the U.S. banking industry are consistent with the theory, and the results are statistically significant, economically significant, and robust.
- White papers 2003-01-11
- Next Generation SHRM Research: From Covariation To Causation
- The article concludes that research on the relationship between HR practices and performance has provided a firm foundation from which the next generation of research can build. While models of the process through which HR practices impact performance have progressed, they have not been tested empirically. In addition, research has...
- White papers 2003-01-16
- Broad Money: A Guide for Monetary Policy
- There is widespread agreement that in the long run, inflation is a monetary Phenomenon. From a policy perspective, two ideas help establish that money is and important policy variable contributing to inflation. The first is that there is a stable long-run money demand. This quantifies the long-run relationship between money...
- White papers
- Why Do Deals Fall Apart?
- In many cases, the buyer and seller reach a tentative agreement on the sale of the business, only to have it fall apart. There are reasons this happens, and, once understood, many of the worst deal-smashers can be avoided. Both the buyer and the seller must develop an awareness of...
- White papers 2003-01-01
- Assessing Fiscal Sustainability: A Cross Country Comparison
- To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt-to-GDP ratio, subject to a government reaction function that links convergence to the targeted debt ratio with primary fiscal surpluses. Based on quarterly estimates of this algorithm in the 1990s, 12 developed...
- White papers 2003-07-01
- Property Fund Flows and Returns
- This study is concerned with the impacts on property returns from property fund flows, and with the possibility of a reverse transmission from property fund flows to property returns. In other words this study investigates whether property returns "cause" fund flow changes, or whether fund flow changes "cause" property returns,...
- White papers 2000-02-28
- Continental Shift? An Analysis of Convergence Trends in European Real Estate Equities
- This paper investigates the effects of this 'event' on the behavior of stock returns in European real estate companies. A range of statistical tests is applied to the performance of European property companies to test for changes in segmentation, co-movement, and causality. The results suggest that, relative to the wider...
- White papers 2002-05-13
- Increasing Health Insurance Costs and the Decline in Insurance Coverage
- This paper explores the relationship between health care premiums and coverage rates. It takes advantage of wide geographic variation in changes in premiums and coverage rates. Thus, the variation in premiums that is used, is broader than that used in existing literature and less likely to be confounded with other...
- White papers 2004-10-01
- Are Measured School Effects Just Sorting? Causality and Correlation in the National Education Longitudinal Survey
- Youths who share a school and neighborhood often have similar academic achievement, but some studies find all or most of this apparent effect is due to sorting, not to the neighborhood itself. This paper presents a collage of evidence from the National Educational Longitudinal Survey NELS indicating that a significant...
- White papers 2003-01-06
- Private Capital Flows in East Asia: Boom, Bust and Beyond
- This paper reviews and analyzes the nature and dynamics of international capital flows in the crisis hit East Asian economies in general during the pre-crisis boom period as well as the bust and eventual recovery that followed (1997 to early 2000). The data indicate that the recent rebound in regional...
- White papers 2000-09-01
- The Impact of Entrepreneurship on Economic Growth
- This document deals with the consequences of entrepreneurship for macroeconomic growth. It provides a survey of what is known about the links between entrepreneurial activity and macro-economic growth. Despite the numerous studies linking entrepreneurship to economic growth the relative void may be attributing able to a paucity of theoretical frameworks...
- White papers 2002-07-01
- Causality in Real Estate Markets
- This study examines the causal price/rental relationships between the residential and the commercial real estate markets (office buildings, retail stores and industrial properties). Contemporary causalities between residential and the three types of commercial properties are found. The results indicate that the residential and commercial real estate markets have similar responses...
- White papers 2001-01-19
- Investor Protection Laws, Accounting and Auditing Around the World
- Recent research documents that common law countries have stronger investor protection laws and more developed financial markets than civil law countries. This line of inquiry is extended in this study to examine if variations in legal systems also affect accounting and auditing. For a sample of 31 countries, this article...
- White papers 2001-10-01
- Does Openness to Trade Make Countries More Vulnerable to Sudden Stops, Or Less? Using Gravity to Establish Causality
- Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflow, currency crashes, or severe recessions. Some believe that openness raises vulnerability to foreign shocks, while others believe that it makes adjustment to crises less painful. This paper...
- White papers 2004-12-01
