75
Table 4.8: Results for Covariate 1 - Growth for Acquisitions
τ = —0.5 |
τ = 0 |
τ = 0.2 |
τ = 0.5 |
τ = 0.8 | |
Parameters |
0.061 |
0.335 |
0.224 |
0.172 |
0.173 |
SE of Est |
0.207 |
0.228 |
0.190 |
0.216 |
0.198 |
Upper Bound |
0.467 |
0.783 |
0.596 |
0.595 |
0.562 |
Lower Bound |
-0.345 |
-0.112 |
-0.149 |
-0.251 |
-0.216 |
Table 4.9: Results for Covariate 2 - Profit for Acquisitions
τ = -0.5 |
τ = 0 |
τ = 0.2 |
τ = 0.5 |
τ = 0.8 | |
Parameters |
-0.154 |
0.255 |
0.157 |
0.148 |
0.215 |
SE of Est |
0.186 |
0.236 |
0.171 |
0.200 |
0.224 |
Upper Bound |
0.211 |
0.718 |
0.493 |
0.541 |
0.654 |
Lower Bound |
-0.518 |
-0.208 |
-0.178 |
-0.244 |
-0.224 |
For the first scenario, the standard errors of estimates tend to be larger when
τ = —0.5 than the ones when τ takes other values. For the second scenario, the
standard errors of estimates do not vary much as the values of τ change.
Note that the parameter estimates are not necessarily monotonically increasing
or decreasing as the values of τ change.
Since it is the real data set, we loose the significant threshold of р-values to 0.15.
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