Dear all,
I'am trying to deal with the model from the below image. But what I can't figure out is how to introduce in the regression empirical estimators ui and li. My understanding is that I should run the regression (4) and find the empirical estimators ui and li . Then based on their value I should compute G_score and C_Score to determine the measure of "asymmetric timeliness" at the firm-year level.
I will be very grateful if anyone could help me with those empirical estimators.
Source: https://www.sciencedirect.com/scienc...65410109000445
I'am trying to deal with the model from the below image. But what I can't figure out is how to introduce in the regression empirical estimators ui and li. My understanding is that I should run the regression (4) and find the empirical estimators ui and li . Then based on their value I should compute G_score and C_Score to determine the measure of "asymmetric timeliness" at the firm-year level.
I will be very grateful if anyone could help me with those empirical estimators.
Source: https://www.sciencedirect.com/scienc...65410109000445
