hd yestlerday return of the whole 003 respectively How much

hd yestlerday return of the whole .003., respectively. How much is the return of tomorrow? Section 5. (10 points) se we investigate the performance of the listed firms for four different countries. If we want to investigate further whether the performance of the listed firms are different among different countries, besides independent and other control variables. Questions: (1) What and how do we do for our model or sample data? (2) Explain why we do that in (1). 2

Solution

1. If we want to test the performance of the firms in different countries then we can introduce dummy variables for four countries and put the value of dummy equal to 1 for the specific country for which the performance of the listed firm is to be tested. This will give the performance of the firm in each country separately.

2. We did the above mentioned step in 1 to evaluate the performance of the listed firm in each country.