Comparing Alternative Methods to Estimate Corporate and Industry Effects
AbstractRecent studies of the relative size of corporate and industry effects have used ANOVA, Variance Components Analysis and Simultaneous Equations (Roquebert, Philips and Westfall 1996; McGahan and Porter, 1997a; 1997b, Brush, Bromiley and Hendrikx, forthcoming). This paper provides a comprehensive evaluation of the advantages and disadvantages of these techniques for evaluating the relative importance of effects. Using a Monte Carlo approach, we empirically compare these techniques. Based on bias and precision of estimation, the simultaneous equation estimates and particularly standardized beta provide the best estimates of effect size.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1118.
Length: 33 pages
Date of creation: Oct 1998
Date of revision:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Krannert PHD).
If references are entirely missing, you can add them using this form.