The Interpretation of Coefficients in Models with Qualitative Dependent Variables*
针对会计、金融、管理和营销研究中常用的离散因变量模型，提出了三种解释系数的方法：边际概率、概率弹性以及敏感性分析，并应用于已发表研究。
ABSTRACT A substantial body of empirical accounting, finance, management, and marketing research utilizes single equation models with discrete dependent variables. Generally, the interpretation of the coefficients of the exogenous variables is limited to the sign and relative magnitude. This paper presents three methods of interpreting the coefficients in these models. The first method interprets the coefficients as marginal probabilities and the second method interprets the coefficients as elasticities of probability. The third method utilizes sensitivity analysis and examines the effect of hypothetical changes in exogenous variables on the probability of choice. This paper applies these methods to a published research study.