esttab and incorrect significance stars

[philip schulting]

Hello everyone,

My current code for esttab is not providing the wanted significance stars. I want to have significance stars at 10%, 5% and 1% level when I export to excel. Now they are at 5%, 1% and 0.1% level. I know there have been discussions on this topic.
https://www.statalist.org/forums/for...sts-of-margins
https://www.statalist.org/forums/for...sttab-command/
https://www.statalist.org/forums/for...ficance-levels

Yet, I tried to implement the code into mine but it doesn’t work. Can someone please take a look?
I am not sure where in my esttab code I should put the option: star(* .10 ** .05 *** .01) or starlevels(* .10 ** .05 *** .01)

My current (adjusted) esttab code looks like this:

xtset cu month

eststo table2_1:xtreg ri2 pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3. cashtoassets L3.dividends_complete_asstes L3.leverage2 i.month,fe
eststo table2_2:xtreg ri2 L1.ri2 pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3. cashtoassets L3.dividends_complete_asstes L3.leverage2 i.month,fe
eststo table2_3:xtreg RM_2 pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3. cashtoassets L3.dividends_complete_asstes L3.leverage2 i.month,fe

esttab,table2_1 table2_2 table2_3 using table2.csv, scalars( r2_w ) keep(L.ri2 _cons pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3.cashtoassets L3.dividends_complete_asstes L3.leverage2 )

Or is maybe trying outreg2 a better option with a fixed effects monthly panel?

Kind regards
philip

[Weiwen Ng]

Hello everyone,

My current code for esttab is not providing the wanted significance stars. I want to have significance stars at 10%, 5% and 1% level when I export to excel. Now they are at 5%, 1% and 0.1% level. I know there have been discussions on this topic.
https://www.statalist.org/forums/for...sts-of-margins
https://www.statalist.org/forums/for...sttab-command/
https://www.statalist.org/forums/for...ficance-levels

Yet, I tried to implement the code into mine but it doesn’t work. Can someone please take a look?
I am not sure where in my esttab code I should put the option: star(* .10 ** .05 *** .01) or starlevels(* .10 ** .05 *** .01)

My current (adjusted) esttab code looks like this:

xtset cu month

eststo table2_1:xtreg ri2 pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3. cashtoassets L3.dividends_complete_asstes L3.leverage2 i.month,fe
eststo table2_2:xtreg ri2 L1.ri2 pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3. cashtoassets L3.dividends_complete_asstes L3.leverage2 i.month,fe
eststo table2_3:xtreg RM_2 pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3. cashtoassets L3.dividends_complete_asstes L3.leverage2 i.month,fe

esttab,table2_1 table2_2 table2_3 using table2.csv, scalars( r2_w ) keep(L.ri2 _cons pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3.cashtoassets L3.dividends_complete_asstes L3.leverage2 )

Or is maybe trying outreg2 a better option with a fixed effects monthly panel?

Kind regards
philip

I believe this should work:

esttab table2_1 table2_2 table2_3 using table2.csv, star(* 0.10 ** 0.05 *** 0.01) scalars(r2_w ) keep(L.ri2 _cons pm_2 ps_2 lagged_return_positive lagged_return_negative L3.booktomarket L3.ln_total_assets L3.cashtoassets L3.dividends_complete_asstes L3.leverage2)

A side note is that in the journals I am familiar with, I would be more familiar with * representing p < 0.05, ** p < 0.01, and *** p < 0.001. There might be a different symbol entirely if one is adding a p < 0.1 threshold. Practices are going to differ from journal to journal, of course.