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References in periodicals archive ?
Table 4 presents the fixed effects model results for summer study.
Though Hausman test favored results from fixed effects model, both the results of fixed and random effects model were reported to accede to the robustness of results.
In order to examine the Hypotheses 1, to wit, the relative-to-rivals cash level of a company has a positively correlation with its future product market share growth, this paper use all the annual firms-level samples to regress relative-to-industry sales revenue growth, relative-to-industry cash ratio and other control variables (Size, Leverage and market-to-book ratio) though fixed effects model in equation (5).
The disadvantage of parametric models including the fixed effects model is the requirement that both the structure and the error distribution are specified correctly.
The advantage of the fixed effects model compared to the random effects model is that the estimators are consistent even if the explanatory variables are correlated with the unobservable bond-specific effect [a.
To resolve the econometrics issues associated with equation 10, fixed effects model or GMM(generalized method of moments)estimation (instrumental variables) can be used.
The above results show that the fixed effects model is appropriate for assessing the relationship between FDI and GDP per capita.
The model specified in Equation (1) is estimated by Fixed Effects Model using least-square dummy variable (LSDV) and generalised method of moments (GMM) methods.
The simple setting of the fixed effects model can be written as follows.
As a result of these econometric challenges, our published model excluded fixed effects, though we recognize that unit-specific heterogeneity may not be captured without fixed effects; thus, we include discussions of our estimated fixed effects model variants in this paper.
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