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Finite-sample instrumental variables inference using an asymptotically pivotal statistic

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Author Info
Bekker, Paul A.
Kleibergen, Frank (Groningen University)

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Abstract

This paper is concerned with investigating the role of accounting practices in radical change processes. The institutional framework has been taken as a starting point in investigating these processes. The research has been carried out at the Dutch Railways. This company was forced by the Dutch government to change from a public company into a private company. This decision by the Dutch Government has had radical consequences for Dutch Railways’ position in the (rail) transport market and for the way of managing the company. The research focuses on the processes in which the company has changed its template as a public company into a profit-oriented template. This paper examines the interaction of accounting practices with the environmental and organisational context. Emphasis is placed on how these mutual processes of interaction change internal and external positioning, create new visibilities, transform perspectives on organisational activities and performance and modify conditions for organisational change. Existing institutional concepts regarding change processes are evaluated in the light of the case findings and building blocks are developed for a comprehensive change framework.

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File URL: http://irs.ub.rug.nl/ppn/228125065
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Publisher Info
Paper provided by University of Groningen, Research Institute SOM (Systems, Organisations and Management) in its series Research Report with number 01F38.

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Date of creation: 2001
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Handle: RePEc:dgr:rugsom:01f38

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  1. D. S. Poskitt & C. L. Skeels, 2005. "Small Concentration Asymptotics and Instrumental Variables Inference," Monash Econometrics and Business Statistics Working Papers 4/05, Monash University, Department of Econometrics and Business Statistics. [Downloadable!]
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  2. Frank Kleibergen, 2004. "Expansions of GMM statistics that indicate their properties under weak and/or many instruments and the bootstrap," Econometric Society 2004 North American Summer Meetings 408, Econometric Society. [Downloadable!]
  3. Whitney Newey & Frank Windmeijer, 2005. "GMM with many weak moment conditions," CeMMAP working papers CWP18/05, Centre for Microdata Methods and Practice, Institute for Fiscal Studies. [Downloadable!]
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