Chihwa Kao
Biographic Data
| ID | 8879030 |
|---|---|
| NAME | Chihwa Kao |
| GIVEN NAMES | Chihwa |
| FAMILY NAME | Kao |
| SIGNATURE | KAO C |
| AFFILIATIONS | Syracuse University |
| ORCID | 0009-0008-6489-7415 |
| VERIFIED | Yes |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 6 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1990 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 0 |
A bias-corrected fixed effects estimator in the dynamic panel data model
A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model
On the estimation and inference of a cointegrated regression in panel data
In this chapter, we study the asymptotic distributions for ordinary least squares (OLS), fully modified OLS (FMOLS), and dynamic OLS (DOLS) estimators in cointegrated regression models in panel data. We show that the OLS, FMOLS, and DOLS estimators are all asymptotically normally distributed. However, the asymptotic distribution of the OLS estimator is shown to have a non-zero mean. Monte Carlo results illustrate the sampling behavior of the prop…
Spurious regression and residual-based tests for cointegration in panel data
Rational Expectations, Information Signalling and Dividend Adjustment to Permanent Earnings
The authors propose a rational signaling model to investgate the information content of dividends. The model provides a direct test of the relation between unexpected dividend and earnings changes. In identifying the component of unexpected dividend changes, the authors suggest an expectations framework that accounts for the process of dividend adjustment to firms' permanent earnings. A nonlinear regression method is used to estimate the model an…
Two-Step Estimation of Linear Models With Ordinal Unobserved Variables
This article proposes a two-step method for estimating the impact of bond indenture provisions and other financial variables on the risk and yields of investment-grade and speculative corporate bonds. In the first step, the default risk of bonds is estimated as a function of indenture provisions and the characteristics of bonds and the issuing firms by an ordered probit. In the second step, the effects of default risk and bond characteristics on …
No prominent works on this page.
Two-Step Estimation of Linear Models With Ordinal Unobserved Variables
This article proposes a two-step method for estimating the impact of bond indenture provisions and other financial variables on the risk and yields of investment-grade and speculative corporate bonds. In the first step, the default risk of bonds is estimated as a function of indenture provisions and the characteristics of bonds and the issuing firms by an ordered probit. In the second step, the effects of default risk and bond characteristics on …
Rational Expectations, Information Signalling and Dividend Adjustment to Permanent Earnings
The authors propose a rational signaling model to investgate the information content of dividends. The model provides a direct test of the relation between unexpected dividend and earnings changes. In identifying the component of unexpected dividend changes, the authors suggest an expectations framework that accounts for the process of dividend adjustment to firms' permanent earnings. A nonlinear regression method is used to estimate the model an…
Spurious regression and residual-based tests for cointegration in panel data
On the estimation and inference of a cointegrated regression in panel data
In this chapter, we study the asymptotic distributions for ordinary least squares (OLS), fully modified OLS (FMOLS), and dynamic OLS (DOLS) estimators in cointegrated regression models in panel data. We show that the OLS, FMOLS, and DOLS estimators are all asymptotically normally distributed. However, the asymptotic distribution of the OLS estimator is shown to have a non-zero mean. Monte Carlo results illustrate the sampling behavior of the prop…
A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model
A bias-corrected fixed effects estimator in the dynamic panel data model
Econometrics (6 works) · Mathematics (4 works) · Monetary Policy and Economic Impact (4 works) · Monte Carlo method (4 works) · Statistics (4 works) · Computer Science (3 works) · Energy, Environment, Economic Growth (3 works) · Estimator (3 works) · Asymptotic distribution (2 works) · Economics (2 works)