Dear Statalisters,
I need to do a maximum likelihood estimation very similar to that in
equations (1) and (2) on page 439 of Lowry et al. (2010). Note that
equation 2 has the same independent variables as equation 1. I would
appreciate it if someone would let me know the code I need to use with
the help of an example. I use Stata 12.
References
Lowry, M., Officer, M.S., Schwert, G.W., 2010. The variability of IPO
initial returns. The Journal of Finance 65, 425-465
Thanks,
Joe
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