Hi please im using ivregress to run 2 SLS , and it appear that R-squared is missing R-squared = . is this mean that i have problem in my data or the result is not sufficient and is there a way to solve it
asdoc ivregress 2sls hard_final_Exact_new Firm_Size_w ROA_four_w DCAPEX_w TAX_rate_w Leverage_w Market_book_four_w FREE_CASH_FLOW_w CASH_FLOW_VOLATILITY_w Governance_Score_w Fund_Status_w FUNDING_RATIO_w Platn_Size_w Contribut_pension_three_w ACTUAL_RETURN_w PensionBenefitsDiscountRate_w CSR_Committee SustainabilityScore_w i.year i.ff_12 (csopresence1 = CSO_Percentage ) , first robust replace nest drop( i.year i.ff_12 ) dec(4) save(mss)
estat first, forcenonrobust
estat endogenous csopresence1
asdoc ivregress 2sls hard_final_Exact_new Firm_Size_w ROA_four_w DCAPEX_w TAX_rate_w Leverage_w Market_book_four_w FREE_CASH_FLOW_w CASH_FLOW_VOLATILITY_w Governance_Score_w Fund_Status_w FUNDING_RATIO_w Platn_Size_w Contribut_pension_three_w ACTUAL_RETURN_w PensionBenefitsDiscountRate_w CSR_Committee SustainabilityScore_w i.year i.ff_12 (csopresence1 = CSO_Percentage ) , first robust replace nest drop( i.year i.ff_12 ) dec(4) save(mss)
estat first, forcenonrobust
estat endogenous csopresence1
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nstrumental variables 2SLS regression Number of obs = 3,059
Wald chi2(45) = 56.36
Prob > chi2 = 0.1193
R-squared = .
Root MSE = .15783
-----------------------------------------------------------------------------------------------
| Robust
hard_final_Exact_new | Coefficient std. err. z P>|z| [95% conf. interval]
------------------------------+----------------------------------------------------------------
csopresence1 | .1042133 .0459817 2.27 0.023 .0140909 .1943358
Firm_Size_w | -.005251 .0053861 -0.97 0.330 -.0158076 .0053056
ROA_four_w | -.4158489 .1277174 -3.26 0.001 -.6661705 -.1655273
DCAPEX_w | -.0145154 .2138214 -0.07 0.946 -.4335977 .4045669
TAX_rate_w | -.0029006 .0141369 -0.21 0.837 -.0306084 .0248073
Leverage_w | -.0253021 .024828 -1.02 0.308 -.073964 .0233598
Market_book_four_w | -.0001865 .0006804 -0.27 0.784 -.00152 .001147
FREE_CASH_FLOW_w | .3186146 .1257625 2.53 0.011 .0721247 .5651046
CASH_FLOW_VOLATILITY_w | -.0503814 .1943168 -0.26 0.795 -.4312354 .3304725
Governance_Score_w | .0003144 .0001643 1.91 0.056 -7.66e-06 .0006364
Fund_Status_w | -.3227381 .1731365 -1.86 0.062 -.6620793 .0166032
FUNDING_RATIO_w | -.0278129 .022463 -1.24 0.216 -.0718395 .0162138
Platn_Size_w | -.0078465 .0046602 -1.68 0.092 -.0169804 .0012874
Contribut_pension_three_w | -.2299897 .0739341 -3.11 0.002 -.3748979 -.0850816
ACTUAL_RETURN_w | .0529899 .0508561 1.04 0.297 -.0466862 .1526659
PensionBenefitsDiscountRate_w | .014494 .0052503 2.76 0.006 .0042035 .0247845
CSR_Committee | -.0076634 .008703 -0.88 0.379 -.0247209 .0093942
SustainabilityScore_w | -7.38e-06 .0002177 -0.03 0.973 -.0004342 .0004194
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