Search results for "Panel data"
showing 10 items of 172 documents
Renewable energy growth and the financial performance of electric utilities: A panel data study
2017
Electric utilities are under pressure to increase clean energy production. Although the adoption of renewable energy can improve the utilities' environmental performance, a fundamental question is if it also pays in economic terms. Building on the natural-resource-based view of the firm, we answer this question using two data analysis methods. First, we carry out a regression analysis of panel data from 66 large electric utilities covering the period 2005–2014, applying both a fixed and random effects estimator. Subsequently, we use the Granger causality test to explore possible causality links. Our results show a negative correlation at the firm level between renewable energy increase and …
Financial Structure of the Family Business: Evidence From a Group of Small Spanish Firms
2007
This article presents empirical evidence on the determinants of the financial behavior of small family businesses and their differences from nonfamily small businesses. Taking into account two consolidated financial approaches, (1) the trade-off theory and (2) the pecking order theory, several hypotheses on the financial behavior of both groups of firms have been tested. By estimating these models through panel data methodology, using a sample of Spanish family businesses together with another control group of nonfamily businesses, we have obtained results confirming that a business's family nature does lead it to employ financial policy different from the rest of businesses. Furthermore, …
Unemployment transitions and self-rated health in Europe: A longitudinal analysis of EU-SILC from 2008 to 2011
2015
- The Great Recession of 2008 has led to elevated unemployment in Europe and thereby revitalised the question of causal health effects of unemployment. This article applies fixed effects regression models to longitudinal panel data drawn from the European Union Statistics on Income and Living Conditions for 28 European countries from 2008 to 2011, in order to investigate changes in self-rated health around the event of becoming unemployed. The results show that the correlation between unemployment and health is partly due to a decrease in self-rated health as people enter unemployment. Such health changes vary by country of domicile, and by individual age; older workers have a steeper decli…
The dynamics of radical right-wing populist party preferences and perceived group threat: A comparative panel analysis of three competing hypotheses …
2014
Existing cross-sectional research considers citizens' preferences for radical right-wing populist (RRP) parties to be centrally driven by their perception that immigrants threaten the well-being of the national ingroup. However, longitudinal evidence for this relationship is largely missing. To remedy this gap in the literature, we developed three competing hypotheses to investigate: (a) whether perceived group threat is temporally prior to RRP party preferences, (b) whether RRP party preferences are temporally prior to perceived group threat, or (c) whether the relation between perceived group threat and RRP party preferences is bidirectional. Based on multiwave panel data from the Netherl…
Self-reported health versus biomarkers: does unemployment lead to worse health?
2020
Abstract Objectives This paper examines the relationship between unemployment and health using both subjective and biometric information on health status. Study design Longitudinal panel data. Methods We compare the results of regressions of unemployment on self-reported health with those of regressions of unemployment on health as measured with biomarkers (hypertension and levels of blood glucose and C-reactive protein). Using the panel structure of our data, we account for selection bias with respect to unemployment by controlling for health before exposure to unemployment. Results We observe a striking pattern. Using self-reported health as the outcome variable, we find a link between un…
Unveiling the Antecedents of International Diversification: An Agency Theory Approach
2014
While various studies have developed hypotheses about the antecedents of international diversification drawing mainly on the resource-based view, the behavioral theory of the firm, and the transaction costs literature, we advance our understanding by investigating the explanatory power of agency costs of free cash flow arguments. Using a sample panel of 167 Italian firms longitudinally evaluated during the 1980-2010 period, this study tests whether the firm’s choice to spread operations in multiple foreign countries is conditioned by excess of free cash flow and debt, especially in firm-contexts where agency problems are exacerbated by managers or large shareholders’ opportunism. We find th…
Unveiling the Antecedents of International Diversification: An Agency Theory Approach
2014
While various studies have developed hypotheses about the antecedents of international diversification drawing mainly on the resource-based view, the behavioral theory of the firm, and the transaction costs literature, we advance our understanding by investigating the explanatory power of agency costs of free cash flow arguments. Using a sample panel of 167 Italian firms longitudinally evaluated during the 1980-2010 period, this study tests whether the firm’s choice to spread operations in multiple foreign countries is conditioned by excess of free cash flow and debt, especially in firm-contexts where agency problems are exacerbated by managers or large shareholders’ opportunism. We find th…
Patents, Competition, and Firms’ Innovation Incentives
2014
This paper presents fresh evidence on the interaction between industrial property rights (patents) and competition, and their joint effect on firms’ innovation. We use panel data of Spanish manufacturing firms for 1990–2006, as well as external information on European Patent Office and US Patent Office patent counts. We construct a new synthetic measure of competition and estimate the impact of patents on this measure at the industry level. Then, the effect of industry-wide competition and patenting on firms’ innovation is estimated at the firm level. Our results suggest that patents reduce the level of competition in the industry, whereas the effect of competition on innovation varies with…
Introducing Continuous Time Meta-Analysis (CoTiMA)
2019
Meta-analysis of panel data is uniquely suited to uncovering phenomena that develop over time, but extant approaches are limited. There is no straightforward means of aggregating findings of primary panel studies that use different time lags and different numbers of waves. We introduce continuous time meta-analysis (CoTiMA) as a parameter-based approach to meta-analysis of cross-lagged panel correlation matrices. CoTiMA enables aggregation of studies using two or more waves even if there are varying time lags within and between studies. CoTiMA thus provides meta-analytic estimates of cross-lagged effects for a given time lag regardless of the frequency with which that time lag is used in p…
Gender, Weather Shocks and Welfare: Evidence from Malawi
2017
This paper explores the gender-differentiated effects of weather shocks on households’ welfare in Malawi using panel data aligned with climatic records. Results show that temperature shocks severely affect household welfare, reducing consumption, food consumption and daily caloric intake. The negative welfare effects are more severe for households where land is solely managed by women, a finding that sheds light on the gender-unequal impact of temperature shocks. Our evidence also suggests that women’s vulnerability to temperature shocks is linked to women’s land tenure security, as temperature shocks impact significantly women’s welfare only in patrilineal districts, where statistics show …