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Capital Control, Debt Financing and Innovative Activity
Czarnitzki, Dirk; Kraft, Kornelius - 2004
The present paper first discusses theoretically the different incentives of manager- versus owner-controlled firms for investment into innovative activity. In addition, the role of debt financing is analyzed. Subsequently the results from an empirical study on the determinants of innovative...
Persistent link: https://www.econbiz.de/10010297397
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Models of truncation, sample selection, and limited dependent variables: Suggestions for a common language
Biørn, Erik; Wangen, Knut R. - 2011
Variables (LDV) univariate and multivariate models in the econometric literature and (b) to localize typical models in this … generating samples and (4) that the models belonging to the system should have names to facilitate communication among … researchers. The likelihood functions corresponding to the models' observed endogenous variables are discussed, but the paper is …
Persistent link: https://www.econbiz.de/10010330257
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Models of Truncation, Sample Selection, and Limited Dependent Variables: Suggestions for a Common Language
Biørn, Erik; R. Wangen, Knut - Økonomisk institutt, Universitetet i Oslo - 2011
Variables (LDV) univariate and multivariate models in the econometric literature and (b) to localize typical models in this … generating samples and (4) that the models belonging to the system should have names to facilitate communication among … researchers. The likelihood functions corresponding to the models’ observed endogenous variables are discussed, but the paper is …
Persistent link: https://www.econbiz.de/10009293644
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Capital Control, Debt Financing and Innovative Activity
Czarnitzki, Dirk; Kraft, Kornelius - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004
The present paper first discusses theoretically the different incentives of manager- versus owner-controlled firms for investment into innovative activity. In addition, the role of debt financing is analyzed. Subsequently the results from an empirical study on the determinants of innovative...
Persistent link: https://www.econbiz.de/10005097531
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How Do Structural and Policy Factors Affect a Country’s Probability to Achieve the Most (or the Least) Favorable Growth Path?
Carmignani, Fabrizio; Chowdhury, Abdur R. - Department of Economics, College of Business Administration - 2010
We ask which economic policies can help a country create the most favourable conditions for development. We observe that the dynamics of several development indicators can be grouped into four clusters, each cluster corresponding to a different combination of growth and changes in inequality....
Persistent link: https://www.econbiz.de/10008671504
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New Taxonomies for Limited Dependent Variables Models
Biørn, Erik; Wangen, Knut R. - Volkswirtschaftliche Fakultät, … - 2012
We establish a `map' for describing a wide class of Limited Dependent Variables models much used in the econometric … literature. The classification system, or language, is an extension of Amemiya's typology for tobit models and is intended to …
Persistent link: https://www.econbiz.de/10011107314
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Revisiting the evidence for a cardinal treatment of ordinal variables
Schröder, Carsten; Yitzhaki, Shlomo - 2015
Well-being (i.e., satisfaction, happiness) is a latent variable, impossible to observe directly. Hence, questionnaires ask people to grade their well-being in different life domains. The most common practice-comparing well-being by means of descriptive analysis or linear regressions-ignores that...
Persistent link: https://www.econbiz.de/10011288151
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Inference on breakdown frontiers
Masteny, Matthew A.; Poirierz, Alexandre - 2017
A breakdown frontier is the boundary between the set of assumptions which lead to a specific conclusion and those which do not. In a potential outcomes model with a binary treatment, we consider two conclusions: First, that ATE is at least a specific value (e.g., nonnegative) and second that the...
Persistent link: https://www.econbiz.de/10011941455
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Inference on breakdown frontiers
Masten, Matthew A.; Poirier, Alexandre - In: Quantitative Economics 11 (2020) 1, pp. 41-111
Given a set of baseline assumptions, a breakdown frontier is the boundary between the set of assumptions which lead to a specific conclusion and those which do not. In a potential outcomes model with a binary treatment, we consider two conclusions: First, that ATE is at least a specific value...
Persistent link: https://www.econbiz.de/10012215413
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The Analysis of Human Feelings: A Practical Suggestion for a Robustness Test
Bloem, Jeffrey R.; Oswald, Andrew J. - 2021
Governments, multinational companies, and researchers today collect unprecedented amounts of data on human feelings. These data provide information on citizens' happiness, levels of customer satisfaction, employees' satisfaction, mental stress, societal trust, and other important variables. Yet...
Persistent link: https://www.econbiz.de/10012658211