# kaal:claim:2816408-016

**Claim.** The study identifies the causal effect of Title IV by treating the March 30, 2012 registration effective date combined with the $150 million AUM threshold as an exogenous regulatory shock, so that any discontinuity in returns at the cutoff is evidence of a causal treatment effect.

**Type.** design  **Support.** argued

**Holds when.**

- sharp regression discontinuity design
- forcing variable is log AUM with threshold at $150 million
- treatment date March 30, 2012

**Source quote.**

> The basic idea behind the RD design is that any discontinuity in the conditional distribution of Yi as a function of Xi at the cutoff value c is interpreted as evidence of a causal effect of the treatment.

**From.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, *Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015* (2016), 5.2.2. Regression Discontinuity, page 10

**Cite as.** Wulf A. Kaal, Barbara Luppi, Sandra Paterlini, Did the Dodd-Frank Act Impact Private Fund Performance  – Evidence from 2010 – 2015 (2016). SSRN: https://ssrn.com/abstract=2816408

**Verify.** sha256 of source PDF `dc3b2f9e60e42ea1b42c2e0062d65569675b014c05fcd30b15ad44d2410b2ce7` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20et%20al.%20-%202016%20-%20Did%20the%20Dodd-Frank%20Act%20Impact%20Private%20Fund%20Performance%20%20%E2%80%93%20Evidence%20from%202010%20%E2%80%93%202015.pdf

**Topics.** research-methods

**Keywords.** regression-discontinuity, causal-inference, research-design, rubin-causal-model

**Related claims.**

- supports: https://wulfkaal.github.io/claims/2389416-033
- supports: https://wulfkaal.github.io/claims/2389416-037
- supports: https://wulfkaal.github.io/claims/2389416-003

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.