...Hongjai Rhee Purpose We propose a novel scalable regression model that incorporates two-dimensional location dummies based on longitudinal and latitudinal coordinates. This approach easily achieves comparable levels of explanatory power to ML models while avoiding the interpretability challenges...

... on financial performance, measured successively through Tobin's Q, return on equity (ROE), economic value added (EVA) and total shareholder return (TSR). Findings Following the regression model, the authors noticed the absence of a significant impact of corporate governance practices on performance...