Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaper › Journal article › Research › peer-review
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.Research output: Contribution to journal/Conference contribution in journal/Contribution to newspaper › Journal article › Research › peer-review
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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 -