Journal article
Regression analysis of proportions in finance with self selection
Journal of empirical finance, v 15(5), pp 860-867
2008
Abstract
Numerous papers in finance study the conditional mean of some proportion or fraction with a mass point at zero. We argue that most, if not all, of these studies use mis-specified statistical models, especially when firms or individuals choose to not do something for different reasons. To address these issues, we develop a new statistical model, the zero-inflated beta model, and apply it to the analysis of corporate capital structure decisions to demonstrate its applicability.
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Details
- Title
- Regression analysis of proportions in finance with self selection
- Creators
- Douglas O. Cook - University of AlabamaRobert Kieschnick - The University of Texas at DallasB.D. McCullough - Drexel University
- Publication Details
- Journal of empirical finance, v 15(5), pp 860-867
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Web of Science ID
- WOS:000260269300005
- Scopus ID
- 2-s2.0-48249131038
- Other Identifier
- 991019168293404721
InCites Highlights
Data related to this publication, from InCites Benchmarking & Analytics tool:
- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Business, Finance
- Economics