Hello all,
I'm finishing up my master thesis and I received feedback that I should include something about endogeneity. However I'm not completely sure what to do.
My thesis is tests the relationship between stakeholder diversity in M&As and the effect of this on the voluntary managerial turnover. I used a normal datset (NO panel data) and calculated T0 as the starting poitn from the M&A date and 5 years after this date clustered as 1 variable.
I read some things about the Hausman test or 2SLS test but I don't know what to use and why.
Can somebody explain this to me and give me some advice on how to integrate this in my paper?
Kind regards.
Daan
I'm finishing up my master thesis and I received feedback that I should include something about endogeneity. However I'm not completely sure what to do.
My thesis is tests the relationship between stakeholder diversity in M&As and the effect of this on the voluntary managerial turnover. I used a normal datset (NO panel data) and calculated T0 as the starting poitn from the M&A date and 5 years after this date clustered as 1 variable.
I read some things about the Hausman test or 2SLS test but I don't know what to use and why.
Can somebody explain this to me and give me some advice on how to integrate this in my paper?
Kind regards.
Daan
