help for econsig

Title

econsig —— Quickly calculate six types of economic significance to
simplify your empirical process.

Syntax

econsig,
model:(regression command)
[
keep:(string)
regression:
reference:
]

Description

econsig
By specifying specific regression models, econsig can help
you quickly calculate six common indicators of economic significance. These
indicators are from the Mitton(2024) review and have been indexed to the original
literature.

Cite: Todd Mitton, Economic Significance in Corporate Finance, The Review of
Corporate Finance Studies, Volume 13, Issue 1, February 2024, Pages 38–79,
-Link-

Requirements

For ease of use, econsig uses the simplest syntax. The only thing you need
to set up is the regression equation in model() or m().

Note that this command does not support adding if and in conditions
because it is difficult to filter out if and in conditions by regular
expressions or other text interception methods. If your regression is more
complex, involving multiple if and in conditions, in this case, you
need to prioritize the use of keep if or keep in to complete the
sample filtering, and then use econsig.

model:(regression command) Place your regression model in
it, which can contain options from the regression command, but not if or
in conditions.

keep:(string) Specify the variables you need; if not, the
economic significance of all explanatory variables is calculated by default.

regression:} Used to specify whether you need to show the regression
results or not, if not then no regression results are shown by default.

reference: Used to specify whether references need to be displayed.
This command calculates a total of six economic significance, and the references
for each are recorded. This option allows you to choose whether or not the details
of the references need to be displayed; the default is not to display them.

Results

After running econsig, a table recording six different economic significances
will appear on your screen, and you can copy and paste their values into the
regression table you need to report on.

Examples

*- The easiest way to use

.
`"sysuse auto.dta, clear"'

.
`"econsig, m(reg price weight length)"'

.
`"econsig, m(reghdfe price weight length, noa)"'

*- Retaining only some of the variables

.
`"sysuse auto.dta, clear"'

.
`"econsig, m(reg price weight length) k(weight)"'

*- Showing the original regression results

.
`"sysuse auto.dta, clear"'

.
`"econsig, m(reg price weight length) k(weight) reg"'

Author

Shutter Zor(左祥太)

Accounting Department, Xiamen University

E-mail: Shutter_Z@outlook.com

References

Li F, Srinivasan S.
Corporate governance when founders are directors[J].
Journal of financial economics, 2011, 102(2): 454-469.

Custódio C, Metzger D.
Financial expert CEOs: CEO's work experience and firm's financial policies[J].
Journal of financial economics, 2014, 114(1): 125-154.

Guiso L, Sapienza P, Zingales L.
The value of corporate culture[J].
Journal of financial economics, 2015, 117(1): 60-76.

Smith J D.
US political corruption and firm financial policies[J].
Journal of financial economics, 2016, 121(2): 350-367.

Mueller H M, Ouimet P P, Simintzi E.
Within-firm pay inequality[J].
The Review of Financial Studies, 2017, 30(10): 3605-3635.

Mitton T.
Economic significance in corporate finance[J].
The Review of Corporate Finance Studies, 2024, 13(1): 38-79.