Dear people,
I am struggling for a few days now to get my logistic regression running.
Whenever I enter and run the command, it has over 1500 iterations and it keeps running... I guess I am doing something wrong here.
My dependent variable is "goingconcern", which is a dummy variable for a going-concern opinion ("1" if the firms receives a going-concern opinion, "0" otherwise)
Than I have four models with four different independent variables:
Model 1: LEAD, which represents whether an auditor is an industry leader (Dummy variable)
Model 2: MarketShare, which represents the market share of an auditor
Model 3: Dummies for different levels of market share
Model 4: MarketShare and MarketShare^2
In addition to those variables I also have several control variables: LOG_MKT, LEV, LOSS (Dummy), ALTMAN, BTM, CFO, ROA and ROAL.
Furthermore, I actually would like to add year-fixed effects and industry fixed effects as well.
Does anyone know the right command to run this clogit or logit in STATA?
I am struggling for a few days now to get my logistic regression running.
Whenever I enter and run the command, it has over 1500 iterations and it keeps running... I guess I am doing something wrong here.
My dependent variable is "goingconcern", which is a dummy variable for a going-concern opinion ("1" if the firms receives a going-concern opinion, "0" otherwise)
Than I have four models with four different independent variables:
Model 1: LEAD, which represents whether an auditor is an industry leader (Dummy variable)
Model 2: MarketShare, which represents the market share of an auditor
Model 3: Dummies for different levels of market share
Model 4: MarketShare and MarketShare^2
In addition to those variables I also have several control variables: LOG_MKT, LEV, LOSS (Dummy), ALTMAN, BTM, CFO, ROA and ROAL.
Furthermore, I actually would like to add year-fixed effects and industry fixed effects as well.
Does anyone know the right command to run this clogit or logit in STATA?
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