Department of Economics and Business Economics

Are You 110% Sure? Modeling of Fractions and Proportions in Strategy and Management Research

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Are You 110% Sure? Modeling of Fractions and Proportions in Strategy and Management Research. / Villadsen, Anders Ryom; Wulff, Jesper.

In: Strategic Organization, Vol. 19, No. 2, 05.2021, p. 312-337.

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@article{3ecce2960e29462e87e2d7109e678c67,
title = "Are You 110% Sure?: Modeling of Fractions and Proportions in Strategy and Management Research",
abstract = "Many outcomes of interest to management and strategy researchers are in the form of fractions, proportions, or percentages. We review 10 years of research in seven leading strategy and management journals. Instead of implementing best-practice techniques, such as fractional logistic regression, management scholars rely primarily on linear regression, log-odds regression, or the Tobit model. Following up on our review, we present re-estimations of two published papers to show how best-practice methods yield substantially different results than the most commonly used methods. Using simulations, we confirm the results from the reproduced examples in a broader context. Finally, we present a worked example that researchers can lean on when they deal with fractional outcomes.",
keywords = "computer simulations/agent based, general linear models, hierarchical linear modeling, regression analysis, survey construction and analysis",
author = "Villadsen, {Anders Ryom} and Jesper Wulff",
year = "2021",
month = may,
doi = "10.1177/1476127019854966",
language = "English",
volume = "19",
pages = "312--337",
journal = "Strategic Organization",
issn = "1476-1270",
publisher = "SAGE Publications Ltd",
number = "2",

}

RIS

TY - JOUR

T1 - Are You 110% Sure?

T2 - Modeling of Fractions and Proportions in Strategy and Management Research

AU - Villadsen, Anders Ryom

AU - Wulff, Jesper

PY - 2021/5

Y1 - 2021/5

N2 - Many outcomes of interest to management and strategy researchers are in the form of fractions, proportions, or percentages. We review 10 years of research in seven leading strategy and management journals. Instead of implementing best-practice techniques, such as fractional logistic regression, management scholars rely primarily on linear regression, log-odds regression, or the Tobit model. Following up on our review, we present re-estimations of two published papers to show how best-practice methods yield substantially different results than the most commonly used methods. Using simulations, we confirm the results from the reproduced examples in a broader context. Finally, we present a worked example that researchers can lean on when they deal with fractional outcomes.

AB - Many outcomes of interest to management and strategy researchers are in the form of fractions, proportions, or percentages. We review 10 years of research in seven leading strategy and management journals. Instead of implementing best-practice techniques, such as fractional logistic regression, management scholars rely primarily on linear regression, log-odds regression, or the Tobit model. Following up on our review, we present re-estimations of two published papers to show how best-practice methods yield substantially different results than the most commonly used methods. Using simulations, we confirm the results from the reproduced examples in a broader context. Finally, we present a worked example that researchers can lean on when they deal with fractional outcomes.

KW - computer simulations/agent based

KW - general linear models

KW - hierarchical linear modeling

KW - regression analysis

KW - survey construction and analysis

UR - http://www.scopus.com/inward/record.url?scp=85067873282&partnerID=8YFLogxK

U2 - 10.1177/1476127019854966

DO - 10.1177/1476127019854966

M3 - Journal article

VL - 19

SP - 312

EP - 337

JO - Strategic Organization

JF - Strategic Organization

SN - 1476-1270

IS - 2

ER -