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  • asking about having *Standard errors clustered by firm* and *Robust standard errors adjusted for heteroskedasticit* in the same regression

    please i run a regression for my study i have Standard errors clustered by firm .Also Robust standard errors adjusted for heteroskedasticit

    When i run my regression STATA give me

    options vce() and robust may not be combined



    reg pensionassetallocationequitywh csopresence firmsizewh ROAwh operationcashflowvolatilitywh leveragewh dividendpayoutwh boardsizewh boardindependencewh pension_sizewh durationwh planreturnswh discountratewh mergersaquisitions i.sic i.year , robust vce(cluster ticker )


    Im not sue where is the problem

  • #2
    Hussein:
    go -vce(cluster clusterid)- as a good compromise.
    Kind regards,
    Carlo
    (Stata 19.0)

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    • #3
      Thanks prof Carlo

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