This paper seeks to examine the effect of mutual fund governance on stock selection and market timing abilities. This paper applies a Structural Equation Modelling technique to solve the potential endogeneity problem between internal governance measures and stock selection and market timing. The main conclusion of this paper is to provide evidence through robust statistical analysis around the ...

Investigators continue to debate whether the Dexamethasone Suppression Test (DST) reflects clinical severity or degree of melancholia ("endogeneity"). To evaluate this question, we studied 73 drug-free inpatients diagnosed with Schedule for Affective Disorders and Schizophrenia/Research Diagnostic Criteria (SADS/RDC) as having major depressive disorder (MDD). We compared absolute and dichotomou...

Some of the models using partial least squares (PLS) in Information Systems (IS) field may have serious problems because do not properly address endogeneity. This may suppose a problem in IS theory building because it may lead IS scholars to non-correct results. Although the IS community’s awareness is rising, we do not have a clear understanding of the problem nor fine-grained practical guidel...

This paper studies models for discrete outcomes which permit explanatory variables to be endogenous. In these models there is a single nonadditive latent variate which is restricted to be locally independent of instruments. The models are incomplete; they are silent about the nature of dependence between the latent variate and the endogenous variable and the role of the instrument in this relat...

The effects of improving covariate measurement are investigated when the covariate is endogenous even in the absence of measurement error. Reducing measurement error can exacerbate the finite sample bias of Two-Stage Least Squares. An application reveals this is of practical importance. JEL: C36, C81

In this paper, the innovation patent data of 344 Chinese Global Exchange Market (GEM) listed companies from 2014 to 2018 is manually collected, and effect returnee technology executives (RTEs) on enterprise innovativeness examined based empirical theory high ladder team. The study finds that RTEs promote persists after controlling for endogeneity self-selection problems. By comparing difference...

This paper is the first to link economic theory with empirical life-satisfaction analyses referring to internal migration. We derive an extension of the Roback (1982) model to account for benefits from regional amenities in the utility function, while controlling for income, housing costs, and migration costs. Using highly disaggregated spatial panel information on people’s migration decisions ...