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Keywords: Simultaneous-equation models
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Journal Articles
International Journal of Law and Management (2019) 61 (2): 421–433.
Published: 04 April 2019
... institutional investors Simultaneous-equation models Stock return volatility To clarify this complication, GMM is used as a generic instrument to estimate the statistical model parameters. GMM was purposed by Arellano and Bond (1991) and developed by Arellano and Bover (1995) and Blundell and Bond...
Journal Articles
International Journal of Law and Management (2018) 60 (2): 478–495.
Published: 12 March 2018
... of the relation between corporate governance and the volatility of the stock market return. Our study thus contributes to the existing literature by giving the first integrated approach to examine the linkage between corporate governance and the stock return volatility by using the simultaneous-equation models...

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