The Mba Decision
. xtreg dac dummy audit_com manag institutionalshareholders big5owm audq bsize ceo , renote: audit_com omitted because of collinearityRandom-effects GLS regression Number of obs = 618Group variable: id Number of groups = 243R-sq: within = 0.0000 Obs per group: min = 1 between = 0.0586 avg = 2.5 overall = 0.0288 max = 5 Wald chi2(7) = 17.18corr(u_i, X) = 0 (assumed) Prob > chi2 = 0.0163——————————————————————————————- dac | Coef. Std. Err. z P>|z| [95% Conf. Interval]————————–+—————————————————————- dummy | -.0626117 .0273546 -2.29 0.022 -.1162257 -.0089977
audit_com | 0 (omitted) manag | .018202 .0544736 0.33 0.738 -.0885642 .1249683institutionalshareholders | -.0161212 .039261 -0.41 0.681 -.0930714 .0608291 big5owm | .0622643 .062591 0.99 0.320 -.0604118 .1849403 audq | -.0935087 .0292218 -3.20 0.001 -.1507824 -.036235 bsize | .0056318 .009131 0.62 0.537 -.0122647 .0235282 ceo | -.04532 .0311797 -1.45 0.146 -.1064311 .0157912 _cons | -.2626696 .0891776 -2.95 0.003 -.4374545 -.0878847————————–+—————————————————————- sigma_u | .05227216 sigma_e | .30912669 rho | .02779868 (fraction of variance due to u_i)——————————————————————————————-