Jones, Stewart; Hensher, David A. - In: Journal of Business Finance & Accounting 34 (2007-09) 7-8, pp. 1193-1220
Econometric models involving a discrete outcome dependent variable abound in the finance and accounting literatures. However, much of the literature to date utilises a basic or standard logit model. Capitalising on recent developments in the discrete choice literature, we examine three advanced...