Purpose: Previous studies employing the behavioral theory of the firm have not explicitly taken the roles of decision makers and corporate governance into consideration. The purpose of this paper is to fill in this gap by integrating CEO overconfidence and discretion into the performance...

Abstract “ M -Bias,” as it is called in the epidemiologic literature, is the bias introduced by conditioning on a pretreatment covariate due to a particular “ M -Structure” between two latent factors, an observed treatment, an outcome, and a “collider.” This potential source of bias,...

Abstract There are two general views in causal analysis of experimental data: the super population view that the units are an independent sample from some hypothetical infinite population, and the finite population view that the potential outcomes of the experimental units are fixed and the...

Abstract A result from a standard linear model course is that the variance of the ordinary least squares (OLS) coefficient of a variable will never decrease when including additional covariates into the regression. The variance inflation factor (VIF) measures the increase of the variance....

Although it is the generator distribution of the sixth natural exponential family with quadratic variance function, the Hyperbolic-Secant (HS) distribution is much less known than other distributions in the exponential families. Its lack of familiarity is due to its isolation from many widely...