Event Study

Opening Date Event Study

Closing Date Event Study

Re-Run Regressions

FS RF IV RF (Day) IV (Day) RF (Night) IV (Night)
other_beds 0.63220 0.00118 0.00025 -0.00052 -0.00086 0.00170 0.00112
(0.00200) (0.00020) (0.00023) (0.00014) (0.00016) (0.00015) (0.00017)
ws_beds 0.85453 0.00125 0.00046 0.00079
(0.00269) (0.00014) (0.00009) (0.00010)
people 0.00146 0.00054 0.00092
(0.00016) (0.00011) (0.00012)
Num.Obs. 764194 764194 764194 764194 764194 764194 764194
R2 0.958 0.644 0.644 0.481 0.481 0.496 0.496
R2 Adj. 0.958 0.644 0.644 0.480 0.480 0.496 0.496
AIC 6752546.4 4224377.1 4224583.7 3601665.2 3601666.0 3739084.1 3739328.2
BIC 6752581.0 4224411.7 4224618.3 3601699.8 3601700.6 3739118.7 3739362.8
RMSE 20.07 3.84 3.84 2.55 2.55 2.79 2.79
FS RF IV RF (Day) IV (Day) RF (Night) IV (Night)
other_beds 0.87219 0.02021 0.02505 0.00868 0.01059 0.01153 0.01446
(0.00139) (0.00008) (0.00019) (0.00005) (0.00011) (0.00006) (0.00012)
ws_beds 0.85693 -0.00475 -0.00188 -0.00288
(0.00269) (0.00017) (0.00010) (0.00011)
people -0.00555 -0.00219 -0.00336
(0.00020) (0.00011) (0.00013)
Num.Obs. 746779 746779 746779 746779 746779 746779 746779
R2 0.877 0.293 0.294 0.201 0.201 0.231 0.232
R2 Adj. 0.877 0.293 0.294 0.200 0.201 0.231 0.232
AIC 7676629.7 4764535.0 4763258.3 3939497.4 3938711.2 4067741.8 4066838.2
BIC 7676664.2 4764569.6 4763292.9 3939532.0 3938745.8 4067776.4 4066872.8
RMSE 36.74 5.47 5.46 3.19 3.18 3.46 3.46