On Solving Endogeneity with Invalid Instruments: An Application to Investment Equations

Galvao, Antônio F.; Montes‐Rojas, Gabriel; Olmo, José; Song, Suyong

doi:10.1111/rssa.12313

Cited by 3 publications

(4 citation statements)

References 48 publications

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“…1. For the sampling-theory counterpart see Galvao et al (2018) which has been implemented only in the case of a single endogenous regressor.…”

Section: Notesmentioning

confidence: 99%

“…All chains are subjected to convergence tests and numerical performance. These results are available on request as a separate Appendix.…”

Section: Notesmentioning

confidence: 99%

“…We look into the estimator proposed by Kiviet (2013, 2016, 2020) and Kiviet and Niemczyk (2012), as well as a Bayesian approach proposed by Galvao et al (2018). Moreover, we discuss an extension of Park and Gupta (2012), as well as the so-called latent instrumental variables estimation (LIVE).…”

Section: Introductionmentioning

confidence: 99%

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Addressing endogeneity: some (mostly) harmless recommendations

Assaf

Tsionas

2021

IJCHM

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Purpose This paper aims to focus on addressing endogeneity using instrument-free methods. The authors discuss some extensions to well-known techniques. Design/methodology/approach This paper discusses some attractive methods to address endogeneity without the need for instruments. The methods are labeled are “harmless” in the sense that instruments are not needed and the distributional assumptions are kept to a minimum or they are replaced by more flexible semi-parametric assumptions. Findings Using a hospitality application, the authors provide evidence about the effectiveness of these techniques and provide directions for their implementation. Research limitations/implications Finding valid instruments has always been a key challenge for researchers in the field. This paper discusses and introduces methods that free researchers from the need to find instruments. Originality/value The paper discusses techniques that are introduced from the first time in the tourism literature.

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“…1. For the sampling-theory counterpart see Galvao et al (2018) which has been implemented only in the case of a single endogenous regressor.…”

Section: Notesmentioning

confidence: 99%

“…All chains are subjected to convergence tests and numerical performance. These results are available on request as a separate Appendix.…”

Section: Notesmentioning

confidence: 99%

See 1 more Smart Citation

Addressing endogeneity: some (mostly) harmless recommendations

Assaf

Tsionas

2021

IJCHM

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“…One proxy is called average Tobin's q. The relationship between average and marginal q is modeled as errors-in-variables (see Galvao et al (2018) for more details). In view of our setting (i.e., X = Z + ), here Z would represent marginal Tobin's q and X would represent average Tobin's q.…”

Section: Introductionmentioning

confidence: 99%

On the performance of weighted bootstrapped kernel deconvolution density estimators

2018

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Where a licence is displayed above, please note the terms and conditions of the licence govern your use of this document.When citing, please reference the published version. Take down policyWhile the University of Birmingham exercises care and attention in making items available there are rare occasions when an item has been uploaded in error or has been deemed to be commercially or otherwise sensitive.

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Navigating Environmental Threats to New Ventures: A Regulatory Fit Approach to Bricolage

Adomako,

Zhu,

Hsu

et al. 2024

J Management Studies

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Bricolage is a critical strategy used by entrepreneurs to generate resources for new ventures in response to environmental threats that result in resource constraints. However, inconsistent findings exist. Whereas the predominant view in the bricolage literature suggests that resource‐constrained or threatening environments motivate new ventures to bricolage to survive and thrive, some empirical evidence shows that some firms choose not to bricolage in such environments. This paper addresses the inconsistent findings by integrating regulatory fit theory with the bricolage literature, arguing that the effect of environmental threat on bricolage depends on entrepreneurs' dispositional regulatory focus. Data from a time‐lagged survey of 396 Taiwanese entrepreneurs support our hypotheses. Our findings suggest that promotion (prevention) focus disposition is positively (negatively) related to bricolage. More importantly, both promotion and prevention foci weaken the effect of environmental threat on bricolage, serving as boundary conditions for this relationship. Finally, our additional analysis reveals gender differences in bricolage and the contingent effect of promotion focus disposition, enabling us to contribute to regulatory fit theory.

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On Solving Endogeneity with Invalid Instruments: An Application to Investment Equations

Cited by 3 publications

References 48 publications

Addressing endogeneity: some (mostly) harmless recommendations

Addressing endogeneity: some (mostly) harmless recommendations

On the performance of weighted bootstrapped kernel deconvolution density estimators

Navigating Environmental Threats to New Ventures: A Regulatory Fit Approach to Bricolage

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