Good morning.
I would like to know if the comparison between the two-way effect random effects component model and the two-way effect fixed effects component model is possible to run in the Hausman specification test.
Here is my command:
Code:
*Two-way random effects error component model | Two-way fixed effects error component model Hausman test
xtreg firm_performance intangible_assets enterprise_value market_capitalization leverage stock_growth dividend_payout_ratio stock_volatility i.year i.industry_n, re
estimates store random
xtreg firm_performance intangible_assets enterprise_value market_capitalization leverage stock_growth dividend_payout_ratio stock_volatility i.year i.industry_n, fe
estimates store fixed
hausman fixed random