Thank you for your help in advance.
Code:
reghdfe logloan did logSize_wl1 TRBCapital_wl1 Crcapital_w CoreTier1_wl1 Deposits_wl1 Capital_wl1 ROE_wl1 ROA_wl1 NPL_wl1 , absorb (bank county year) vce(cluster bank) (dropped 337 singleton observations) (MWFE estimator converged in 104 iterations) note: didbankcounty omitted because of collinearity HDFE Linear regression Number of obs = 10,498 Absorbing 3 HDFE groups F( 9, 5248) = 1.09 Statistics robust to heteroskedasticity Prob > F = 0.3688 R-squared = 0.9637 Adj R-squared = 0.9117 Within R-sq. = 0.0016 Number of clusters (bank) = 5,249 Root MSE = 0.3646 (Std. Err. adjusted for 5,249 clusters in bank) -------------------------------------------------------------------------------- | Robust logloan | Coef. Std. Err. t P>|t| [95% Conf. Interval] ---------------+---------------------------------------------------------------- did | 0 (omitted) logSize_wl1 | .0123584 .0222295 0.56 0.578 -.0312206 .0559374 TRBCapital_wl1 | .0347522 .0225094 1.54 0.123 -.0093756 .0788801 Crcapital_w | .0056442 .0069997 0.81 0.420 -.0080781 .0193665 CoreTier1_wl1 | -.0364985 .0225394 -1.62 0.105 -.0806851 .0076881 Deposits_wl1 | -.0027777 .0017416 -1.59 0.111 -.006192 .0006365 Capital_wl1 | -.0062382 .0076787 -0.81 0.417 -.0212917 .0088153 ROE_wl1 | -.0012568 .0014703 -0.85 0.393 -.0041392 .0016257 ROA_wl1 | .0086892 .0151252 0.57 0.566 -.0209625 .038341 NPL_wl1 | -.0023228 .0030787 -0.75 0.451 -.0083582 .0037127 _cons | 9.615188 .3370406 28.53 0.000 8.954448 10.27593 -------------------------------------------------------------------------------- Absorbed degrees of freedom: -----------------------------------------------------+ Absorbed FE | Categories - Redundant = Num. Coefs | -------------+---------------------------------------| bank | 5249 5249 0 *| county | 921 0 921 | year | 2 1 1 | -----------------------------------------------------+ * = FE nested within cluster; treated as redundant for DoF computation
0 Response to Omitted main independent problem in difference-in-differences approach.
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