Hi everybody,
so I have longitudinal panel data with 370 different firms over 6 years. I want to research whether certain Financial Performance variables could explain/predict a certain behaviour which is a continuous dependent variable that does not change over time and has the value 1 or 0. Could I use a fixed effects probit model for this to control for years and industry? I read a paper which did the same, but if I try this with stata all my independent variables are omitted. I used xtset firm year and xtreg y-var x-var. If I use i. industry, those get omitted as well.