Hi all,
For my nmaster degree thesis, I have data on firms borrowing from many
sources as shown below. I am trying to run probit model to see how
likely it is that firm will have better access to finance (to
different sources e.g. banks, bond market) after a certain event. With
the data structure below, I want to control for firm's characteristic
too.
firmid financesource improveaccesstoloan x1
1 1 1 8
1 2 0 8
1 3 1 8
where x1 = indepedent variable capturing firm characteristics for each
firm.
I am thinking about using xtprobit for the following model:
prob of improving access = financesourcedummies + x1+ x2+.....
Is xtprobit the right command to use?
Can I use fixed effects with xtprobit?
I tried it and getting coefficient greater than 1. how do I obtain the
correct marginal effects on probability?
Really appreciate your advice on any of these questions or pointing me
to some helpful sources. thank you.
Julian
*
* For searches and help try:
* http://www.stata.com/support/faqs/res/findit.html
* http://www.stata.com/support/statalist/faq
* http://www.ats.ucla.edu/stat/stata/
