In Table 3, column 4, we simply re-estimate the model for the overall sample of trustors introducing slope dummies to check whether the observed differences between trustors who either know or do not know game theory are significant. Findings from this estimate show that the above-described ...
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(3), we include time fixed effects (monthly dummies). The coefficient on the E&S index becomes statistically (and economically) insignificant in this specification. This result indicates that, on average, there is no relation between firms’ E&S performance and bond credit spreads and highlights...
In Eq. (1), β0 and β1 are the coefficients of the main independent variable for the whole period considered, while β0*and β1* are the dummies on the coefficient, such that the values of βi* assume the value of zero before the year 2013 and represent the estimated coefficients ...
We are also grateful to Karen Cook and Paolo Parigi from Stanford University for their helpful comments. Appendix A See Table A1 Table A1. Conditional fixed-effects logistic regression models with seller account dummies. Buyers’ choices of sellers. Independent variablesModel 1Model 2Model 3 Empty...
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models.Footnote8Ordinal logistic regression was also performed, with ordinal independent variables added as dummies. These models can be found in Appendix4. The main results from the OLS analyses are largely supported by the more conservative ordinal logistic models. In addition, a robustness check ...