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Tournaments and Managerial Incentives in China's Listed Firms : New Evidence
Kato, Takao; Long, Cheryl - 2021
an optimal response of the winner's prize to the size of the contestant pool is more evident for China's listed firms … to decide on the tournament winner). Using comprehensive financial and accounting data on China's listed firms from 1998 … effort and hence improved firm performance, and that the performance effect of the winner's prize is greater for China …
Persistent link: https://www.econbiz.de/10013324940
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Employment Effects of Privatisation and Foreign Acquisition of Chinese State-Owned Enterprises
Gong, Yundan; Görg, Holger; Maioli, Sara - 2021
(SOEs) on employment growth, using firm level data for China and a combination of propensity score matching and difference …
Persistent link: https://www.econbiz.de/10013317362
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Aggregation in Large Dynamic Panels
Pesaran, M. Hashem - 2011
This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...
Persistent link: https://www.econbiz.de/10013129942
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Bayesian Exploratory Factor Analysis
Conti, Gabriella - 2014
This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...
Persistent link: https://www.econbiz.de/10013049750
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Estimating the Technology of Cognitive and Noncognitive Skill Formation
Cunha, Flavio - 2010
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...
Persistent link: https://www.econbiz.de/10013148325
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Regional Policy Evaluation : Interactive Fixed Effects and Synthetic Controls
Gobillon, Laurent - 2013
In this paper, we investigate the use of interactive effect or linear factor models in regional policy evaluation. We contrast treatment effect estimates obtained by Bai (2009)'s least squares method with the popular difference in difference estimates as well as with estimates obtained using...
Persistent link: https://www.econbiz.de/10013078823
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Quantile Factor Models
Chen, Liang; Dolado, Juan Jose; Gonzalo, Jesús - 2021
Quantile factor models (QFM) represent a new class of factor models for high-dimensional panel data. Unlike approximate factor models (AFM), which only extract mean factors, QFM also allow unobserved factors to shift other relevant parts of the distributions of observables. We propose a quantile...
Persistent link: https://www.econbiz.de/10013314969
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Infinite Dimensional VARs and Factor Models
Chudik, Alexander; Pesaran, M. Hashem - 2021
This paper introduces a novel approach for dealing with the 'curse of dimensionality' in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...
Persistent link: https://www.econbiz.de/10013316638
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A Factorial Survey on the Justice of Earnings within the Soep-Pretest 2008
Sauer, Carsten - 2010
In the 2008 Socio-Economic Panel Study (SOEP) Pretest, the factorial survey method was tested for the first time for use in the SOEP longitudinal study. In this paper, we describe the construction and application of the vignette module, which has its origins in the field of justice research and...
Persistent link: https://www.econbiz.de/10013149519
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The Cost Impact of Spam Filters : Measuring the Effect of Information System Technologies in Organizations
Caliendo, Marco; Clement, Michel; Papies, Dominik; … - 2021
More than 70% of global e-mail traffic consists of unsolicited and commercial direct marketing, also known as spam. Dealing with spam incurs high costs for organizations, prompting efforts to try to reduce spam-related costs by installing spam filters. Using modern econometric methods to reduce...
Persistent link: https://www.econbiz.de/10013324914