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Wesley Mendesdasilva - One of the best experts on this subject based on the ideXlab platform.

  • does the capital of social capital matter relational resources of the board and the performance of brazilian companies
    Journal of Management & Governance, 2018
    Co-Authors: Luciano Rossoni, Cezar Eduardo Aranha, Wesley Mendesdasilva
    Abstract:

    Abstract Based on theories of social capital, in this study, we seek to assess the impact of a board’s social capital on the market value of companies listed on the Brazilian stock exchange. As our indicator of social capital, we use the relational resources identified in the direct, indirect and heterogeneous ties of the board. Employing panel data from 508 observations, our results indicate that heterogeneous relational resources have a stronger and more significant influence than the resources available from board members’ direct relationships. Additionally, as the effects of board interlock are endogenously determined by several factors related to the firm level, we seek to mitigate the Endogeneity Problem using models of instrumental variables and simultaneous equations. Our hypotheses were consistent after controlling for Endogeneity. We also check whether the board’s social capital could present a U-inverted effect on the market value. This relationship was only plausible in social capital by indirect ties. Finally, we isolate the effect of relational resources within and between industries on Tobin’s Q. There was no significant effect through interlocks within the same industry. However, ties with companies in several other industries were significant.

Frank Lupi - One of the best experts on this subject based on the ideXlab platform.

  • using a control function to resolve the travel cost Endogeneity Problem in recreation demand models
    MPRA Paper, 2013
    Co-Authors: Richard T Melstrom, Frank Lupi
    Abstract:

    This paper proposes using a control function to correct for Endogeneity in recreation demand models. The control function approach is contrasted with the method of alternative specific constants (ASCs), which has been cautiously promoted in the literature. As an application, we consider the case of travel cost Endogeneity in the demand for Great Lakes recreational fishing. Using data on Michigan anglers, we employ a random utility model of site choice. We show that either ASCs or the control function can correct for travel cost Endogeneity, although we find that the model with ASCs produces significantly weaker results. Overall, compared with traditional approaches control functions may offer a more flexible means to eliminate Endogeneity in recreation demand models.

  • using a control function to resolve the travel cost Endogeneity Problem in recreation demand models
    2013 Annual Meeting August 4-6 2013 Washington D.C., 2013
    Co-Authors: Richard T Melstrom, Frank Lupi
    Abstract:

    This paper proposes using a control function to correct for Endogeneity in recreation demand models. The control function approach is contrasted with the method of alternative specific constants (ASCs), which has been promoted in prior research. As an application, we consider the case of travel cost Endogeneity in the demand for Great Lakes recreational fishing. Using data on Michigan anglers, we employ a random utility model of site choice. We show that either ASCs or the control function will correct for travel cost Endogeneity, although we find that the model with ASCs produces significantly weaker results. Overall, compared with traditional approaches control functions may offer a more flexible means to eliminate Endogeneity in recreation demand models.

Brent Davis - One of the best experts on this subject based on the ideXlab platform.

  • “Taking Occam’s Razor to the Endogeneity Problem in Economic Voting”
    2017
    Co-Authors: Brent Davis
    Abstract:

    Conventional economic voting models are increasingly being challenged by the Problem of Endogeneity – that is, causality may not run, as they suggest, in one direction from economics to politics. Rather, causality may run in the other direction, from politics to economics, or be bi-directional. While a small, but growing, number of studies are highlighting the Endogeneity Problem in economic voting models, there is a tendency to identify and then attempt to manage, rather than eliminate, the distortions caused by Endogeneity in economic voting models. At least worst, economic voting models which do not deal with Endogeneity are vulnerable to producing biased results; at worst, the results may be spurious. Rather than just attempting to manage the Endogeneity Problem in, this study proposes a strategy to purge it from, economic voting models. However, in doing so, it further brings into question the fulcrum idea of economic voting models, finding instead ‘politics drives economics’ rather than the other way around.

  • taking occam s razor to the Endogeneity Problem in economic voting
    MPRA Paper, 2017
    Co-Authors: Brent Davis
    Abstract:

    Conventional economic voting models are increasingly being challenged by the Problem of Endogeneity – that is, causality may not run, as they suggest, in one direction from economics to politics. Rather, causality may run in the other direction, from politics to economics, or be bi-directional. While a small, but growing, number of studies are highlighting the Endogeneity Problem in economic voting models, there is a tendency to identify and then attempt to manage, rather than eliminate, the distortions caused by Endogeneity in economic voting models. At least worst, economic voting models which do not deal with Endogeneity are vulnerable to producing biased results; at worst, the results may be spurious. Rather than just attempting to manage the Endogeneity Problem in, this study proposes a strategy to purge it from, economic voting models. However, in doing so, it further brings into question the fulcrum idea of economic voting models, finding instead ‘politics drives economics’ rather than the other way around.

Tomohiko Noda - One of the best experts on this subject based on the ideXlab platform.

Jens Ludwig - One of the best experts on this subject based on the ideXlab platform.

  • the Endogeneity Problem in developmental studies
    Research in Human Development, 2004
    Co-Authors: Greg J Duncan, Katherine Magnuson, Jens Ludwig
    Abstract:

    Estimates of developmental models of processes involving contextual influences (e.g., child care arrangements, divorce, parenting, neighborhood location, peers) are subject to bias if, as is often the case, the contexts are influenced by the actions of either the individuals being studied or their parents or teachers. We assessed the nature of the Endogeneity biases that may result, discuss the importance of such biases in practice, and suggest possible ways of avoiding them. Our primary recommendation is that developmentalists consider reorienting their data collection strategies to take advantage of real or "natural" experiments that produce exogenous variation in family and contextual variables of interest.