Online Appendix for the Trouble with Instruments: The Need for Pre-Treatment Balance in Shock-IV Designs

86 Pages Posted: 17 Jan 2017 Last revised: 18 Apr 2019

Date Written: April 16, 2019

Abstract

This online appendix contains additional results for Atanasov and Black (2018, The Trouble with Instruments: The Need for Pre-Treatment Balance in Shock-IV Designs (Trouble with Instruments). Part 1 of the Appendix provides an extended checklist for implementing shock-IV designs. Part 2 summarizes our search strategy for the shock-IV papers we study here. Part 3 contains further tests of the Board Independence IVs used in DMO and similar papers. Part 4 provides additional results from our re-examination of Iliev and D&D. In Part 5, we discuss selected additional shock-IV papers that were not re-examined in detail in the text.

The underlying article is available here: http://ssrn.com/abstract=2417689.

Keywords: causal inference, shock-based, instrumental variables, covariate balance

JEL Classification: C26, G34, G38

Suggested Citation

Atanasov, Vladimir A. and Black, Bernard S., Online Appendix for the Trouble with Instruments: The Need for Pre-Treatment Balance in Shock-IV Designs (April 16, 2019). Available at SSRN: https://ssrn.com/abstract=2859113 or http://dx.doi.org/10.2139/ssrn.2859113

Vladimir A. Atanasov

William and Mary - Raymond A. Mason School of Business ( email )

P.O. Box 8795
Williamsburg, VA 23187-8795
United States

Bernard S. Black (Contact Author)

Northwestern University - Pritzker School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States
312-503-2784 (Phone)

Northwestern University - Kellogg School of Management

2001 Sheridan Road
Evanston, IL 60208
United States
847-491-5049 (Phone)

European Corporate Governance Institute (ECGI)

Brussels
Belgium

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