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Keywords: two-step regression
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Journal Articles
Journal of Financial Reporting (2022) 7 (1): 69–83.
Published: 01 March 2022
... independent variables, using a two-step regression procedure where residuals from a first-step regression are the dependent variable in a second-step regression can substantially bias coefficient estimates and t-statistics in typical accounting settings, producing both type I and type II errors. Notably...