Does real flexibility help firms navigate the COVID-19 pandemic?

The British Accounting Review · 2022 · PMC9691280

Europe PMC

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highly significantno p-value reported

The Anderson-Rubin F-statistics are all highly significant, showing that these lagged variables are valid instruments for FLEX and our estimates are unlikely to suffer from biases associated with weak instruments ( Staiger & Stock, 1997 ; Stock & Yogo, 2005 , pp. 80–108).

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