Applications of Fractional Response Model to the Study of Bounded Dependent Variables in Accounting Research

Gallani, Susanna; Krishnan, R. S.

doi:10.2139/ssrn.2642854

Cited by 41 publications

(23 citation statements)

References 71 publications

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“…First, a descriptive analysis of participants’ characteristics and relevant variables was conducted. Second, we conducted three fractional probit response models (Papke & Wooldridge, )—an extension of the general linear model (Gallani, Wooldridge, & Krishnan, ). Using fractional response modelling guarantees that all predicted values lie in the unit interval between 0 and 1.…”

Section: Methodsmentioning

confidence: 99%

Exploring leading nurses’ work values and their association with team safety climate: Results from a questionnaire survey in neonatal intensive care units

et al. 2019

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Aim To explore leading nurses’ work values and their effect on the safety climate in neonatal intensive care units (NICUs). Background Despite their significance for behaviour, the work values of leading nurses are still insufficiently studied. We explore the impact of work value dimensions (self‐transcendence, self‐enhancement, conservation, and openness to change) on the safety climate. Methods A cross‐sectional study was conducted in 86 German NICUs between September 2015 and August 2016. Our analyses relate questionnaire data from 75 leading nurses to the shared perceptions regarding safety among their team members (n = 1,277). We used fractional response modelling to identify important work values. Results The analysis showed differences between the dimensions of work values and their association with the safety climate. A significant positive association was found between the work value dimension self‐transcendence (including the work values relationships with others and altruism) and safety climate (β = 0.255, p = .001). A large team size has a negative impact on the safety climate. Conclusion The findings indicate that the leading nurse's score on self‐transcendence is positively related to the safety climate. Implications for Nursing Management The results demonstrate that it might be useful to consider work values in the selection of nurse leaders.

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Section: Methodsmentioning

confidence: 99%

Exploring leading nurses’ work values and their association with team safety climate: Results from a questionnaire survey in neonatal intensive care units

et al. 2019

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“…Proportional variables can only take on values equal to or between zero and one, meaning that it is unlikely that the effect of an independent variable on the dependent variable remains the same across values of x (Papke and Wooldridge, 1996). Fractional models are designed to accommodate these peculiarities, including non-linearity and a large amount of observations at the extremes (Gallani et al., 2015: 5–6). To simplify the interpretation of coefficients, I calculate average marginal effects for all variables.…”

Section: Empirical Analysismentioning

confidence: 99%

Explaining interest group access to the European Commission’s expert groups

Vikberg

2019

European Union Politics

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Conventional wisdom holds that interest group access to the European Commission is biased in favor of specific interests and against diffuse interests. Yet, patterns of access vary between policy areas. In this article, I map and explain the relative access of specific and diffuse interests to the European Commission’s expert groups. I find that specific interests gain more access in general, but there are considerable variations across issues. I argue that variations in access across expert groups are explained by the relative ability of specific and diffuse interests to contest policies in different policy areas. This argument gains support by statistical analyses using a novel dataset comprising all expert groups with interest group participants. The findings suggest that a political logic helps explain variations in specific and diffuse interest access to the Commission.

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“…FRM is able to handle the nature of the dependent variable (DEA scores) that takes the value inside the interval (0,1), regardless of the availability of observed frontier values. According to Ramalho et al (2010) and Gallani et al (2015), FRM is the most advantageous model for continuous data with values bounded from 0 to 1. Ramalho et al (2016) propose a general regression model regarding the fractional nature of response variables as equation 1:…”

Section: Non-parametric and Parametric Research Approachesmentioning

confidence: 99%

Inadequate corporate profitability and marketability efficiency: A case of Vietnam manufacturing enterprises

Anh

Gan²

2019

El Sawah, S. (Ed.) MODSIM2019, 23rd International Congress on Modelling and Simulation.

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The manufacturing sector plays an increasingly pivotal role in the development of Vietnam. In the context of economic integration, Vietnam manufacturing enterprises receive abundant investment and market-expansion opportunities that enhance their operating profits and market values. With the aim of supporting corporate managers to position their firms competitively in the market as well as make wise management decisions, this study employs bootstrap two-stage data envelopment analysis technique to investigate the profitability and marketability efficiency of 102 listed manufacturing firms on Vietnam stock market from 2007 to 2018. The study also applies fractional regression models for panel data to identify the determinants of Vietnam manufacturing firms' efficiencies. Based on the empirical results, the study reveals that Vietnam manufacturing firms obtain higher profitability efficiency scores (0.888) than marketability efficiency scores (0.527) during the study period from 2007 to 2018. Thus, listed manufacturing enterprises in Vietnam should place more emphasis on market attractiveness to boost their enterprises' market value. Besides, different manufacturing sub-sectors achieve different levels of profitability and marketability efficiency during the study period 2007 to 2018. Specifically, the modern (high-tech) firms achieve higher average marketability efficiency scores from 2007 to 2018 and better profitability efficiency performance in the recent years from 2015 to 2018 than the traditional (resourceintensive and labour-intensive) manufacturing firms. The results also show the diverse and significant impacts of firm age, headcount, institutional ownership, cash level, and leverage ratio on profitability and marketability efficiency of Vietnam manufacturing enterprises.

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Applications of Fractional Response Model to the Study of Bounded Dependent Variables in Accounting Research

Cited by 41 publications

References 71 publications

Exploring leading nurses’ work values and their association with team safety climate: Results from a questionnaire survey in neonatal intensive care units

Exploring leading nurses’ work values and their association with team safety climate: Results from a questionnaire survey in neonatal intensive care units

Explaining interest group access to the European Commission’s expert groups

Inadequate corporate profitability and marketability efficiency: A case of Vietnam manufacturing enterprises

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