analyze a sample of an unbalanced panel of 2325 unlisted French companies of trade sector spanning over a period of 1999 to …

be explained by three essential theories: signaling theory, tax theory and the agency cost theory. Using panel data … théorie de l’agence. En utilisant un échantillon d’un panel de 2240 entreprises Françaises non cotées du secteur des services …

This paper introduces a novel approach to study the effects of common shocks on panel data models with endogenous … readers who wish to further investigate the effects of common shocks on panel data. The paper shows that the key assumption in … determining consistency of the panel TSLS and LIML estimators is the independence of the factor loadings in the reduced form …