Hello everyone.
I'm hoping you could assist me. In my master's thesis, I am researching how board gender affects the capital structure in firms . As it has been done in the previous articles, the model that seems to be the most used is the two-step system GMM model.
I simply want to know how to demonstrate that the two-step system GMM model is the most appropriate model and not the other models (OLS, fixed effects, and random effects). Another crucial point is how to demonstrate that my dependent variable y depends on its value delayed by exactly one period and not by two or more periods, for example. Thank you for your time, and I sincerely hope you can assist me.
I'm hoping you could assist me. In my master's thesis, I am researching how board gender affects the capital structure in firms . As it has been done in the previous articles, the model that seems to be the most used is the two-step system GMM model.
I simply want to know how to demonstrate that the two-step system GMM model is the most appropriate model and not the other models (OLS, fixed effects, and random effects). Another crucial point is how to demonstrate that my dependent variable y depends on its value delayed by exactly one period and not by two or more periods, for example. Thank you for your time, and I sincerely hope you can assist me.
