st: Propensity Score Matching

[vikramfinavker <vikramfinavker@gmail.com>]

HI,

I have a very basic question regarding propensity score matching. I am
trying to finding out the difference between firms that are hedging and
firms that are not on different factors. i want to know that the difference
in certain risk characteristics is just because of firms are hedging and not
because of any other factors. So, i want to identify firms which are
identical in all way (or nearest one) except for their choice of hedging.

my data looks like thisL

Year Hedging (1 = hegders, 0= non hedgers) risk1, risk2, sales, firm size,
r&d, leverage etc.

i have downloaded psmatch2, pscore. i did following things but i didn't get
what i am looking for:


. psmatch2 allheg10 vw1zscore vw1lnmva vw1mvgroslev vw1quickratio vw1asvol1,
n(1)

Probit regression                                 Number of obs   =      
3613
                                                  LR chi2(5)      =    
541.28
                                                  Prob > chi2     =    
0.0000
Log likelihood = -1079.6428                       Pseudo R2       =    
0.2004

------------------------------------------------------------------------------
    allheg10 |      Coef.   Std. Err.      z    P>|z|     [95% Conf.
Interval]
-------------+----------------------------------------------------------------
   vw1zscore |   .0077975   .0025215     3.09   0.002     .0028555   
.0127395
    vw1lnmva |   .3208326   .0224338    14.30   0.000     .2768631    
.364802
vw1mvgroslev |    1.42135   .1899571     7.48   0.000     1.049041   
1.793659
vw1quickra~o |  -.0653235   .0217963    -3.00   0.003    -.1080434  
-.0226035
   vw1asvol1 |  -.1178394   .1869304    -0.63   0.528    -.4842162   
.2485374
       _cons |    -3.1553    .315742    -9.99   0.000    -3.774143  
-2.536457
------------------------------------------------------------------------------



. psmatch2 allheg10, n(1) pscore(vw1zscore)
There are observations with identical propensity score values.
The sort order of the data could affect your results.
Make sure that the sort order is random before calling psmatch2...


I want to see a comparison type of results for the nearest matched firms...

e.g. 

                     RIsk1           Risk2            
 Hedgers         0.000         0.000              
Non Hedgers    0.000         0.000             

So, i want to identify those firms which are identical in all way except for
their choice of hedging.


Thanks.

--
View this message in context: http://statalist.1588530.n2.nabble.com/Propensity-Score-Matching-tp7239654p7239654.html
Sent from the Statalist mailing list archive at Nabble.com.
*
*   For searches and help try:
*   http://www.stata.com/help.cgi?search
*   http://www.stata.com/support/statalist/faq
*   http://www.ats.ucla.edu/stat/stata/