Non‐parametric models in binary choice fixed effects panel data

In this article, we describe the xtfesing command. The command implements a generalized method of moments estimator that allows exploiting singleton information in fixed-effects panel-data regression as in Bruno, Magazzini, and Stampini (2020, Economics Letters 186: Article 108519).

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Fitting partially linear functional-coefficient panel-data models with Stata

The Stata Journal Promoting communications on statistics and Stata ◽

10.1177/1536867x20976339 ◽

2020 ◽

Vol 20 (4) ◽

pp. 976-998

Author(s):

Kerui Du ◽

Yonghui Zhang ◽

Qiankun Zhou

Keyword(s):

Monte Carlo ◽

Panel Data ◽

Fixed Effects ◽

Linear Functional ◽

Semiparametric Estimation ◽

Data Models ◽

Panel Data Models ◽

Panel Models ◽

Partially Linear ◽

Functional Coefficient

In this article, we describe the implementation of fitting partially linear functional-coefficient panel models with fixed effects proposed by An, Hsiao, and Li [2016, Semiparametric estimation of partially linear varying coefficient panel data models in Essays in Honor of Aman Ullah ( Advances in Econometrics, Volume 36)] and Zhang and Zhou (Forthcoming, Econometric Reviews). Three new commands xtplfc, ivxtplfc, and xtdplfc are introduced and illustrated through Monte Carlo simulations to exemplify the effectiveness of these estimators.

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Determinants of Corporate Cash Holdings

Global Business Review ◽

10.1177/0972150916668610 ◽

2017 ◽

Vol 18 (2) ◽

pp. 416-427 ◽

Cited By ~ 10

Author(s):

Yogesh Maheshwari ◽

K.T. Vigneswara Rao

Keyword(s):

Panel Data ◽

Fixed Effects ◽

Capital Expenditure ◽

Cash Holdings ◽

Working Capital ◽

Financial Policies ◽

Panel Data Regression ◽

Strong Positive Relationship ◽

Development Expenditure ◽

Corporate Cash Holdings

This article aims at examining the financial determinants of corporate cash holdings. The study employs panel data regression method. It uses the fixed-effects method based on Hausman test results for the estimation of panel data model. This study has implications that are beneficial for the business managers to have a better understanding and appreciation of the role and importance of the determinants of corporate cash holdings in formulating and evaluating the corporate financial policies. The results of the study indicate a strong positive relationship between cash holdings and cash flow, dividend payment, market-to-book ratio, net debt issuance and net equity issuance of the sample firms. It is also found that the cash holdings of these firms are negatively affected by net working capital, leverage, research and development expenditure as well as capital expenditure of the firm. The article will help researchers as well as managers to understand as to what motivates the firms to hold cash, given the fact that despite being often termed as a non-earning asset, firms generally hold more cash than their normal working capital requirement.

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