I am writing my master´s thesis in finance on the topic of voluntary disclosure of financial targets in annual reports of manufacturing firms.
- I have created a dependent variable that is an index of level of disclosure.
- At the moment I am gathering firm characteristics as independent variables from around 10 years (unbalanced panel data).
- Should the model be probit of logit?
- Should the model be fixed or random?
- How should it be implemented in Stata?