ABSTRACT Accounting studies often examine whether the relation between X and Y varies with a moderating variable, M, by including an interactive term, × in regression. We provide plain-English guidance on why, how, when to use control variables, Z, interaction tests. A simulation simple descriptions demonstrate how interacted controls affect coefficient estimates interpretations. In particular,...

We propose serial correlation robust asymptotic confidence bands for the receiver operating characteristic (ROC) curves estimated by quasi-maximum likelihood in the binormal model. Our simulation experiments confirm that this new method performs fairly well in finite samples. The conventional procedure is found to be markedly undersized in terms of yielding empirical coverage probabilities lowe...

We consider statistical inference on a single component of a parameter vector that satisfies a finite number of moment inequalities. The null hypothesis for this single component is given a dual characterization as a composite hypothesis regarding point identified parameters. We also are careful in the specification of the alternative hypothesis that also has a dual characterization as a compos...

Relying on the well-established theoretical result that uncertainty has a common and an idiosyncratic component, we propose a new measure of earnings forecast uncertainty as the sum of dispersion among analysts and the variance of mean forecast errors estimated by a GARCH model. The new measure is based on both common and private information available to analysts at the time they make their for...

We give a simple and concise proof that so-called generalized median stable matchings are well-defined for college admissions problems. Furthermore, we discuss the fairness properties of median stable matchings and conclude with two illustrative examples of college admissions markets, the lattices of stable matchings, and the corresponding generalized median stable matchings. JEL classification...

factor demand behavior such as energy demand has an important role in the economic analysis. this issue is a major concern in the developing countries (e.g. iran) which are benefited from vast energy resources. in this paper, the third generation of factor demand models is used to analyze the behavior of capital adjustment in the iranian manufacturing industries. the dataset covers the two-digi...

Aggregated qualitative survey data provide timely, but often imperfect, macroeconomic indicators. Exploiting a unique panel dataset for the UK, which contains matched firm-level responses from both qualitative and quantitative surveys, we find that firms’ responses are influenced not only by their own current and past output and lagged qualitative responses but also by an indicator of aggregate...

We generalize permissibility (Brandenburger, 1992) to allow for any suitably defined model of preference and definition of possibility. We also prove that the generalized solution concept characterizes rationality, caution, and common “belief” of rationality and caution. JEL classification: C72; D81

JEL Classification Code(s): J 31, J 71) "Perceptions of Discrimination, Effort to Obtain Psychological Balance, and Relative Wages: Can We Infer a Happiness Gradient?" There is a substantial literature that finds a linkage between happiness and relative economic well being as measured by earnings or wages. There is also a well documented racial gap in wages. One explanation for this is disparat...

We have observed the recently discovered rich star cluster GLIMPSE-C01 for 46 ks with the Chandra X-ray Observatory. Seventeen X-ray sources with luminosities & 0.6×1031 ergs s−1 were discovered, one of which is likely a quiescent low-mass X-ray binary. The spatial distribution of these X-ray sources with respect to the NIR and IR images of the cluster, combined with the luminosity and spectral...