Search results for "Panel Data"
showing 10 items of 172 documents
Opacity of young businesses: Evidence from rating disagreements
2008
Abstract A conventional wisdom in the contemporary corporate finance literature argues that small and medium-sized enterprises (SMEs) are informationally opaque. We use data from two credit information companies and in particular their disagreements over the creditworthiness of SMEs to study the empirical relevance of this often invoked assumption. Our panel data analysis shows that once unobserved firm-effects are controlled for, the disagreements (i.e., rating splits) are inversely related to the age of firms. We are not able to document such a robust relationship between the disagreements and the size of firms. This finding holds a lesson for empirical corporate finance researchers who n…
Irrigation water intensity and climate variability: an agricultural crops analysis of Italian regions
2020
This paper examines the relationship between the requirement of water resources for irrigation and climate variability and analyses the ranking of the best and worst performance of irrigation water intensity for each Italian region. To measure water resources demanded by agriculture, the irrigation water intensity (IWI) indicator has been computed as the ratio between volumes of irrigation water and total crop harvested. By applying panel data methodologies to a regional dataset spanning from 2000 to 2009, we may address heterogeneity and omitted variable issues. By merging meteo-climatic with agricultural variables, we may confirm that water precipitations, maximum temperature, irrigation …
Regression imputation for Space-Time datasets with missing values
2009
Data consisting in repeated observations on a series of fixed units are very common in different context like biological, environmental and social sciences, and different terminology is often used to indicate this kind of data: panel data, longitudinal data, time series-cross section data (TSCS), spatio-temporal data. Missing information are inevitable in longitudinal studies, and can produce biased estimates and loss of powers. The aim of this paper is to propose a new regression (single) imputation method that, considering the particular structure and characteristics of the data set, creates a “complete” data set that can be analyzed by any researcher on different occasions and using diff…
What factors drive returns on initial coin offerings?
2020
Abstract In recent years, initial coin offerings (ICOs) have received considerable attention as a new form of crowdfunding. Because of the rapid growth in their popularity, ICOs have become a prominent research topic. However, the lack of knowledge about the nature of this kind of financial operation inevitably raises several important unanswered questions. This study starts by providing a comprehensive description of the characteristics, benefits, and risks associated with ICOs. Then, using a panel data set comprising daily information for 125 ICOs (44,217 observations gathered from December 2017 to December 2018), this study explores the influence of the ICO presale period, ICO category, …
PERSONAL AND SITUATIONAL DETERMINANTS OF RELATIONSHIP-SPECIFIC PERCEPTIONS OF SOCIAL SUPPORT
2004
This study explores personal (self-esteem, perceived stress, and depressive mood) and situational (undesirable life events) variables as determinants of relationship-specific perceptions of social support. Structural equation analyses from two-wave panel data (N = 583) of adult participants from a community-based urban sample revealed that, after controlling for initial levels of perceived social support, psychological characteristics (high levels of stress and depression, and low levels of self-esteem) and situational determinants (number of undesirable life events) were both negatively related to perceived social support from specific significant relationships over time. Multigroup analys…
A dynamic panel study on digitalization and firm's agility: What drives agility in advanced economies 2009–2018
2021
Abstract Firm agility today is not a factor of competitiveness or success but a survival instrument on the market. Disruptive innovations and technological advancement, together with digitalization, change the role of firm agility. We show that the link between the national/industry level of digitalization and firm agility is statistically robust and essential. We study the link on data from 2009 to 2018 in fifteen EU advanced economies using dynamic panel data modeling. The digitalization impact level differs across firms by ownership type (family to non-family firms). Agility in family firms is strongly influenced by the national/industry level of digitization and investments in intangibl…
Earnings conservatism: panel data evidence from the European Union and the United States
2006
This paper focuses on earnings conservatism, and provides new evidence based on procedures that account for variability at the firm level, drawing a comparison between the European Union and the United States. A key finding is that the estimated responsiveness of earnings to bad news is substantially higher when unobserved firm-specific effects are modelled. Furthermore, it is shown that accounting has become more conservative not only in the U.S. but also in the EU when taken as a whole, and there is little evidence of marked differences in the asymmetric timeliness of earnings between the two. Indeed, any changes in this property of earnings are likely to be attributable to a common facto…
New Evidence of the Real Interest Rate Parity for OECD Countries Using Panel Unit Root Tests with Breaks
2006
This paper tests for real interest parity (RIRP) among the nineteen major OECD countries over the period 1978:Q2-1998:Q4. The econometric methods applied consist of combining the use of several unit root or stationarity tests designed for panels valid under cross-section dependence and presence of multiple structural breaks. Our results strongly support the fulfillment of the weak version of the RIRP for the studied period once dependence and structural breaks are accounted for.
Pathways fostering mobility to higher education for vulnerable immigrants in France, Switzerland and Canada
2016
In this article we wish to clarify not only if, but also how – through which institutional settings – higher education is accessed by students from vulnerable immigrant groups in France, Switzerland and Canada. We are interested in the possible educational mobility that immigrant youths can experience arising from country-specific educational policies designed to increase the enrolment in higher education, particularly the flow from upper-secondary vocational educational tracks to higher education ones. We analyse using panel data in each country the accessibility of different pathways to higher education while taking into account the characteristics of the students. In terms of educational…
Is ICT the Key to Development?
2010
Using panel data for 52 developed and developing countries over the period 1998-2006, this article examines the links between information and communication technology diffusion and human development. We conducted a panel regression analysis of the investments per capita in healthcare, education and information and communication technology against human development index scores. Using a quantile regression approach, our findings suggest that changes in healthcare, education and information and communication technology provision have a stronger impact on human development index scores for less developed than for highly developed countries. Furthermore, at lower levels of development education…