Examining The Non-Linearities In Inflation-Growth Nexus: Further Evidence From a Fixed-Effect Panel Threshold Regression Approach For The Sacu Region

2019 ◽  
Vol 43 (3) ◽  
pp. 31-61
Author(s):  
C. Urom ◽  
D. Yuni ◽  
A. Lasbrey ◽  
C. Emenekwe
Keyword(s):  
Fixed Effect ◽  
Threshold Regression ◽  
Regression Approach ◽  
Panel Threshold Regression

Tourism and environmental performance: New evidence using a threshold regression analysis

2021 ◽  
pp. 135481662110424
Author(s):  
Zhike Lv ◽  
Ting Xu
Keyword(s):  
Environmental Performance ◽  
Negative Impact ◽  
Tourism Development ◽  
Threshold Level ◽  
Optimal Level ◽  
Negative Influence ◽  
Threshold Regression ◽  
Regression Approach ◽  
New Evidence ◽  
Panel Threshold Regression

To verify whether the effect of tourism on environmental performance differs by the level of tourism development, a panel threshold regression approach is applied to observe the effects of tourism on environmental performance in 97 countries over the 2002–2012 periods. Our results suggest that tourism always has a significant negative influence on the environmental performance, implying that tourism will unavoidably result in environmental degradation, irrespective of how high the level of tourism development. However, when tourism development exceeds a certain value, tourism will relatively have less influence on environmental performance. In terms of policy prescriptions, considering that tourism wills inevitably worse environmental qualities, this finding implies that policymakers should consider the optimal level of tourism development at around the estimated threshold level to minimize the negative impact of tourism on environmental quality.

Relation between foreign ownership and firm value – Fixed-effect panel threshold regression analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ruchi Kansil
Keyword(s):  
Firm Value ◽  
Foreign Ownership ◽  
Fixed Effect ◽  
Threshold Regression ◽  
Firm Characteristics ◽  
Content Type ◽  
Threshold Levels ◽  
Novel Approach ◽  
The Impact ◽  
Panel Threshold Regression

PurposeThe paper examines the differential impact of various firm characteristics on firm value across various threshold levels of foreign ownership.Design/methodology/approachUsing a panel of 408 Indian publicly listed companies for the period during 2010–2018, a fixed-effect panel threshold regression model is adapted to study the threshold effects between foreign ownership and firm value. Tobin's Q is used as a proxy for firm value.FindingsThe study identifies three threshold levels, that is, four threshold regions in which foreign ownership changes its slope considerably. Various firm characteristics impact firm value differently in these four regions.Research limitations/implicationsThe study employs observations of the past nine years on variables identified as firm characteristics impacting firm value. Some variables are dropped due to the problem of multicollinearity. The employed variables may not be exhaustive in nature.Practical implicationsThe present study implies that there exists no impact of foreign ownership on the value of the firm. Foreign investors invest for financial considerations and not with the objective of governing the firms. The governance effect of foreign investments is negligible, so their activism in the firms needs to be encouraged.Originality/valueThe study employs a novel approach to study the impact of foreign ownership on firm value applying fixed effect panel data threshold regression, considering foreign ownership as a proxy of corporate governance.

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