Glossary entry (derived from question below)
English term or phrase:
proxy of descretion
English answer:
same (representative quantity for discretion parameter)
Added to glossary by
Ken Cox
Dec 17, 2004 10:10
19 yrs ago
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English term
United Kingdom
Communicate. Collaborate. Connect
Native in: English (Variant: British)
Works in: Spanish to English, English
proxy of detection
English
Bus/Financial
Business/Commerce (general)
This is an academic paper about equity issues, and they are talking about their methodology:
Thus, to avoid the endogeneity problem, we introduced an unobservable heterogeneity component into the panel-data models. This component enabled us to control individual characteristics that are not observable, or not identified by investors, but which could be correlated with the residue employed as proxy of discretion. So models are estimated with a fixed effects approach.
Does anyone know if proxy of discretion is correct? I only found one hit on the internet, and that's from the paper I'm proof-reading!!
thanks
xx
Thus, to avoid the endogeneity problem, we introduced an unobservable heterogeneity component into the panel-data models. This component enabled us to control individual characteristics that are not observable, or not identified by investors, but which could be correlated with the residue employed as proxy of discretion. So models are estimated with a fixed effects approach.
Does anyone know if proxy of discretion is correct? I only found one hit on the internet, and that's from the paper I'm proof-reading!!
thanks
xx
Responses
| 3 | probably OK in this context |
Ken Cox
|
Responses
15 mins
Selected
probably OK in this context
My understanding is that here 'discretion' is being used in a specific sense in the context of the paper to mean something like 'ability to choose' or 'tendency to act according to one's own desire' (related to the phrases 'power of descretion' or 'at your own discretion', and the residue is used as a representative (proxy) for this quantity because it cannot be observed or measured directly.
The English is a bit strange, but not unusually so for this sort of text.
BTW, you should correct 'detection'...
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Note added at 17 mins (2004-12-17 10:28:31 GMT)
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Personally, I\'d say \'as a proxy for the discretion\'.
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Note added at 25 mins (2004-12-17 10:36:20 GMT)
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See also:
What Makes a High-Performance Workplace? Evidence from Retail Bank ...
... The fixed effects approach, while ... of the controls in each model. ... positive association between the measures of discretion and flexibility. There is no ...
grace.wharton.upenn.edu/~lhitt/hpbb.pdf
The English is a bit strange, but not unusually so for this sort of text.
BTW, you should correct 'detection'...
--------------------------------------------------
Note added at 17 mins (2004-12-17 10:28:31 GMT)
--------------------------------------------------
Personally, I\'d say \'as a proxy for the discretion\'.
--------------------------------------------------
Note added at 25 mins (2004-12-17 10:36:20 GMT)
--------------------------------------------------
See also:
What Makes a High-Performance Workplace? Evidence from Retail Bank ...
... The fixed effects approach, while ... of the controls in each model. ... positive association between the measures of discretion and flexibility. There is no ...
grace.wharton.upenn.edu/~lhitt/hpbb.pdf
4 KudoZ points awarded for this answer.
Comment: "Thanks very much Kenneth!
xx"
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