Search found 3 matches

by glmacha
Thu Mar 26, 2009 10:08 am
Forum: Estimation
Topic: Hazard Fuction - Logit estimation
Replies: 4
Views: 7580

Re: Hazard Fuction - Logit estimation

Sorry for the misunderstanding. I have annual data for the companies. 73 companies x 10 years = 730 annual data x 15 proxies = 10950 total data panel For the 15 proxies I mean: company's size, leverage, capex, cash, equity return, sales expense, etc. The 2 dummies variables indicates when a company ...
by glmacha
Thu Mar 26, 2009 8:38 am
Forum: Estimation
Topic: Hazard Fuction - Logit estimation
Replies: 4
Views: 7580

Re: Hazard Fuction - Logit estimation

Hi QMS Glenn, thanks for the support. Being more specific about the data: I have a panel data of 15 proxies from 73 companies over 10 years. Two of this proxies are dummy variables for each companies per year. I am trying to estimate the rate of adjustment of a variable (in this case the optimal cap...
by glmacha
Wed Mar 18, 2009 4:44 pm
Forum: Estimation
Topic: Hazard Fuction - Logit estimation
Replies: 4
Views: 7580

Hazard Fuction - Logit estimation

I have a hazard function like this Hij(t|Wi) = Wi*Ho(t)exp{Xij(t)'B}, that represents a semiparametric duration model. The data set is an unbalanced panel with 10950 anual firms observations. I assume I have to use a LOGIT model to measure the rate of adjustament on firm's capital structure (main is...

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