Dear All,
I have penal data of 12 years’ and 259 local firms, (3108) observations. I am using Stata version14. I am investigating, the impact of corporate governance on firm performance”.
I used following command in Stata....
xtabond2 ROA l.ROA l2.ROA l.3ROA l.4ROA BoardSize Female NED BoardMeet Acomsize DirOwn InstiOwn OwnCon Firmsize FirmAge Leverage DividendtoTA SaletoAssest SaleGrowth CFtoTA , gmm( BoardSize Female NED BoardMeet Acomsize DirOwn InstiOwn OwnCon AssocaitedOwn Firmsize FirmAge Leverage DividendtoTA SaletoAssest SaleGrowth CFtoTA ,lag(3 4)collaps) iv( BoardSize Female NED BoardMeet FirmAge )twostep robust small
1)How to add Year dummies in following Command....
2) In order to determine the impact of past performance on current variable, we used lags of dependent variable which is labelled as Dynamic endogeneity. In the same way, how we will determine the impact of current variables on future performance? ( The resercher used (t+1)
3) How to conduct test of strict exogeniety
4) How to conductCragg-Donald statistic. It determines the strength of instrumental variable
I have attcahed the paper which conduct all above points in his paper
Thanks in Advance...
I have penal data of 12 years’ and 259 local firms, (3108) observations. I am using Stata version14. I am investigating, the impact of corporate governance on firm performance”.
I used following command in Stata....
xtabond2 ROA l.ROA l2.ROA l.3ROA l.4ROA BoardSize Female NED BoardMeet Acomsize DirOwn InstiOwn OwnCon Firmsize FirmAge Leverage DividendtoTA SaletoAssest SaleGrowth CFtoTA , gmm( BoardSize Female NED BoardMeet Acomsize DirOwn InstiOwn OwnCon AssocaitedOwn Firmsize FirmAge Leverage DividendtoTA SaletoAssest SaleGrowth CFtoTA ,lag(3 4)collaps) iv( BoardSize Female NED BoardMeet FirmAge )twostep robust small
1)How to add Year dummies in following Command....
2) In order to determine the impact of past performance on current variable, we used lags of dependent variable which is labelled as Dynamic endogeneity. In the same way, how we will determine the impact of current variables on future performance? ( The resercher used (t+1)
3) How to conduct test of strict exogeniety
4) How to conductCragg-Donald statistic. It determines the strength of instrumental variable
I have attcahed the paper which conduct all above points in his paper
Thanks in Advance...
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