Partial identification of average treatment effects on the treated through difference-in-differences

Fan, Yanqin; Manzanares, Carlos A.

doi:10.1080/07474938.2017.1308036

Cited by 4 publications

(2 citation statements)

References 21 publications

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“…where EcoBen i,t is the economic benefit of company i in tth year, X i,j,t indicates other influencing variables, u i,t and τ i,t represent individual fixed effect and time fixed effect, respectively. As Abadie [67], Fan and Manzanares [68], and Bouasone and Masaru [69] described the DID models in detail, this paper will not repeat it here. According to the basic idea of DID, the coefficient β 0 of cross-term Treated*Post reflects the change in the economic benefits of companies before and after the issuance of green bonds, which is the main parameter to be estimated in this paper.…”

Section: Psm and Didmentioning

confidence: 99%

Green Bonds, Corporate Performance, and Corporate Social Responsibility

2019

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Green bonds are a financial tool that has been vigorously promoted in the global green finance field in recent years. Since 2013, the global issuance of green bonds has seen explosive growth. China's green bond market has made great progress, rising to the top tier of global rankings. In this paper, Chinese listed companies that issue green bonds are used as the research object to explore the impact of green bond issuance on companies, including the impact of the announcement of green bond issuance on companies’ stock prices, as well as the impact of green bond issuance on companies’ financial performance and corporate social responsibility (CSR). The empirical results indicate that announcements of green bonds issuance have a positive impact not only on companies’ stock prices, companies' profitability, and operational performance, but also on innovation capacity, and can improve companies' CSR. Overall, the issuance of green bonds has a positive impact on companies, can contribute to environmental improvement, promotes CSR and value creation, and helps to attract investors to some extent.

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Section: Psm and Didmentioning

confidence: 99%

Green Bonds, Corporate Performance, and Corporate Social Responsibility

2019

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“…Our paper also connects with the recent literature exploring a related but different problem of missing data in DID analysis. These studies provide point and partial identification results in the DID framework when the treatment variable is missing for either the pre-or post-treatment period (Botosaru and Gutierrez, 2018;Fan and Manzanares, 2017).…”

Section: Introductionmentioning

confidence: 99%

Misclassification in Difference-in-differences Models

Denteh¹,

Kédagni²

2022

Preprint

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The difference-in-differences (DID) design is one of the most popular methods used in empirical economics research. However, there is almost no work examining what the DID method identifies in the presence of a misclassified treatment variable. This paper studies the identification of treatment effects in DID designs when the treatment is misclassified. Misclassification arises in various ways, including when the timing of a policy intervention is ambiguous or when researchers need to infer treatment from auxiliary data.We show that the DID estimand is biased and recovers a weighted average of the average treatment effects on the treated (ATT) in two subpopulations-the correctly classified and misclassified groups. In some cases, the DID estimand may yield the wrong sign and is otherwise attenuated. We provide bounds on the ATT when the researcher has access to information on the extent of misclassification in the data. We demonstrate our theoretical results using simulations and provide two empirical applications to guide researchers in performing sensitivity analysis using our proposed methods.

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Vector copulas

Fan

Henry

2023

Journal of Econometrics

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Partial identification of average treatment effects on the treated through difference-in-differences

Cited by 4 publications

References 21 publications

Green Bonds, Corporate Performance, and Corporate Social Responsibility

Green Bonds, Corporate Performance, and Corporate Social Responsibility

Misclassification in Difference-in-differences Models

Vector copulas

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