Describe The Magnitude Of The Effects Differently.
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Last Updated:
05-Sep-23
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Requirement:
1. You might describe the magnitude of the effects differently. For example, you could say "a 1-standard deviation increase in STDA causes an X% decrease in ROA relative to its average value" where x% is calculated as -9.1471 * 0.359 / 3.380 = 97.2%. You could make similar statements for the other variables.
2. You might include in your regression models more control variables, such as year dummy variables, some industry dummy variables, and other controls for firm characteristics or market conditions.
3. You could comment on causality and endogeneity, and whether or not it is an issue here. Perhaps a subject for future work that you could discuss in the paper?
