governance measures on performance indicators. However, most of literatures adopt the Ordinary Least Square (OLS). This method is … firms in the upper or lower bounds. Thus, estimating the means using OLS may not reflect and represent the heterogeneity in … corporate governance and performance using OLS. Second, this work further explores the impact of corporate governance mechanisms …

Ordinary Least Squares (OLS) estimation of monetary policy rules produces potentially inconsistent estimates of policy … in favor of OLS estimation of monetary policy rules. To that end, we show analytically in the three-equation New … Keynesian model that the asymptotic OLS bias is proportional to the fraction of the variance of regressors accounted for by …