We run peer effect regressions on tipping,steal count and steal amount on the data with individual,store,time,and manager fixed effect. The independent variable of interest is the average peer tipping amount, steal count and steal amount, the dependent variable is the focal employee’s tipping amount, steal count and steal amount.
\[FocalTip_{ijt} = AvgPeerTip_{ijt} + focal_i + store_j * year_t + store_j * week_t +store_j * weekday_t + restaurantguard_t + manager_{ijt} \]
To find instruments, we look at the panel of each peer, find the observations that the peer is not co-working with the focal employee and exclude one week before/after the current observation. We use the average of all effective observations to instrument for the peer in the current observation.
We first run ols/iv regressions on 1051 restaunts and *** employees. The parameters below show the estimate and standard error.
summary(peer_ols_effect_AvgTip_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgTip 3.311749e-05 0.001187797 0.02788145 0.9777567
summary(peer_iv_effect_AvgTip_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.1222765 0.00597342 20.47011 4.02693e-93
summary(peer_ols_effect_stealcnt_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.011886503 0.0007745068 -15.347191 3.713147e-53
log(avg_peerTotalStealAmount + 1) 0.001857211 0.0002086051 8.902998 5.438277e-19
summary(peer_iv_effect_stealcnt_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.039325142 0.0072692782 5.409773 6.310890e-08
`log(avg_peerTotalStealAmount + 1)(fit)` 0.006255864 0.0008374421 7.470205 8.008815e-14
summary(peer_ols_effect_stealamt_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) 0.004760071 0.0005686196 8.371275 5.701812e-17
log(avg_peerTotalStealCnt + 1) -0.015346600 0.0021111645 -7.269258 3.615411e-13
summary(peer_iv_effect_stealamt_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.02338433 0.002282108 10.246809 1.224120e-24
`log(avg_peerTotalStealCnt + 1)(fit)` 0.08420135 0.019809465 4.250562 2.132407e-05
We want to look at the source of peer effect. So we compare the peer effect of more familiar with less familiar peers. We define familiarity by looking at the working histories for each pair of employees. Within 2 weeks prior to the observation, we seperate the one peer that has most connections to the focal employee from the rest of the peers. We denote the most familiar peer as top and less familar as common in the following regression.
summary(peer_ols_AvgTip_top_common_2weeks_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
toptargetAvgTip 0.007318137 0.0007681958 9.526395 1.629723e-21
commontargetAvgTip -0.002344428 0.0010788714 -2.173038 2.977758e-02
summary(peer_iv_AvgTip_top_common_2weeks_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`toptargetAvgTip(fit)` 0.006263312 0.008300331 0.7545858 4.504976e-01
`commontargetAvgTip(fit)` 0.091145699 0.005314693 17.1497596 6.364543e-66
summary(peer_ols_stealcnt_top_common_2weeks_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(toptargetTotalStealCount + 1) -0.007607694 0.0005907448 -12.87814 5.991959e-38
log(commontargetTotalStealCount + 1) -0.009651344 0.0007651938 -12.61294 1.796227e-36
summary(peer_iv_stealcnt_top_common_2weeks_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(toptargetTotalStealCount + 1)(fit)` 0.03958969 0.004870871 8.127847 4.371726e-16
`log(commontargetTotalStealCount + 1)(fit)` 0.04412220 0.007827120 5.637093 1.729629e-08
summary(peer_ols_stealamt_top_common_2weeks_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(toptargetTotalStealAmount + 1) -0.0061180689 0.0005221259 -11.717611 1.037418e-31
log(commontargetTotalStealAmount + 1) 0.0006878553 0.0005714823 1.203634 2.287313e-01
summary(peer_iv_stealamt_top_common_2weeks_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(toptargetTotalStealAmount + 1)(fit)` 0.01055464 0.001959123 5.387431 7.147797e-08
`log(commontargetTotalStealAmount + 1)(fit)` 0.02407456 0.002459795 9.787221 1.278751e-22
summary(peer_ols_effect_AvgTip_lag_withmanager_update_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgTip 0.02368572 0.00145973 16.22609 3.334642e-59
summary(peer_iv_effect_AvgTip_lag_withmanager_update_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.1267559 0.006466264 19.60265 1.505148e-85
summary(peer_ols_effect_AvgTip_lag_withmanager_update_mid60)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgTip 0.02138111 0.001846235 11.58093 5.188817e-31
summary(peer_iv_effect_AvgTip_lag_withmanager_update_mid60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.04481579 0.007718823 5.806039 6.400379e-09
summary(peer_ols_effect_AvgTip_lag_withmanager_update_last60)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgTip 4.735556e-05 0.001248821 0.03792023 0.9697513
summary(peer_iv_effect_AvgTip_lag_withmanager_update_last60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.04849779 0.008342129 5.813598 6.119304e-09
summary(peer_ols_effect_stealcnt_lag_withmanager_update_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.0188144 0.0009614396 -19.56899 2.909769e-85
summary(peer_iv_effect_stealcnt_lag_withmanager_update_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.09941804 0.01271348 7.819892 5.290328e-15
summary(peer_ols_effect_stealcnt_lag_withmanager_update_mid60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.02918914 0.001720904 -16.96151 1.639676e-64
summary(peer_iv_effect_stealcnt_lag_withmanager_update_mid60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.1190349 0.02502405 4.756819 1.967189e-06
summary(peer_ols_effect_stealcnt_lag_withmanager_update_last60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.03396143 0.002181416 -15.56852 1.235362e-54
summary(peer_iv_effect_stealcnt_lag_withmanager_update_last60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.02264011 0.03121083 0.7253928 0.4682116
summary(peer_ols_effect_stealamt_lag_withmanager_update_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.0008301952 0.0007181922 -1.155951 0.2477012
summary(peer_iv_effect_stealamt_lag_withmanager_update_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.04113962 0.003980685 10.33481 4.913539e-25
summary(peer_ols_effect_stealamt_lag_withmanager_update_mid60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.007652621 0.001246992 -6.136867 8.421862e-10
summary(peer_iv_effect_stealamt_lag_withmanager_update_mid60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.03585561 0.006595309 5.436532 5.435121e-08
summary(peer_ols_effect_stealamt_lag_withmanager_update_last60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.01104643 0.001569307 -7.039048 1.93861e-12
summary(peer_iv_effect_stealamt_lag_withmanager_update_last60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` -0.01421137 0.007614907 -1.866256 0.06200634
summary(peer_ols_effect_AvgTip_lag_withmanager_update_with_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgTip 0.01290765 0.001366662 9.444654 3.567946e-21
summary(peer_iv_effect_AvgTip_lag_withmanager_update_with_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.1763471 0.007140945 24.6952 1.238209e-134
summary(peer_ols_effect_AvgTip_lag_withmanager_update_without_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgTip -0.08660213 0.00313305 -27.64148 5.185116e-168
summary(peer_iv_effect_AvgTip_lag_withmanager_update_without_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.01332662 0.01341416 0.9934741 0.3204796
summary(peer_ols_effect_stealcnt_lag_withmanager_update_with_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.0184862 0.0006933658 -26.66154 1.365744e-156
summary(peer_iv_effect_stealcnt_lag_withmanager_update_with_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.05242467 0.007486715 7.002359 2.517351e-12
summary(peer_ols_effect_stealcnt_lag_withmanager_update_without_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.08195894 0.002034703 -40.28054 0
summary(peer_iv_effect_stealcnt_lag_withmanager_update_without_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.05254261 0.01422927 3.692573 0.0002220272
summary(peer_ols_effect_stealcnt_lag_withmanager_update_with_new_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.02067053 0.0007428977 -27.8242 2.32476e-170
summary(peer_iv_effect_stealcnt_lag_withmanager_update_with_new_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.07020373 0.008139685 8.624871 6.419525e-18
summary(peer_ols_effect_stealcnt_lag_withmanager_update_without_new_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.07518549 0.001462181 -51.42011 0
summary(peer_iv_effect_stealcnt_lag_withmanager_update_without_new_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` -0.004416575 0.0115799 -0.3814 0.7029065
summary(peer_ols_effect_stealcnt_lag_withmanager_update_with_new_first90)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.02067053 0.0007428977 -27.8242 2.32476e-170
summary(peer_iv_effect_stealcnt_lag_withmanager_update_with_new_first90)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.07020373 0.008139685 8.624871 6.419525e-18
summary(peer_ols_effect_stealcnt_lag_withmanager_update_without_new_first90)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.07518549 0.001462181 -51.42011 0
summary(peer_iv_effect_stealcnt_lag_withmanager_update_without_new_first90)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` -0.004416575 0.0115799 -0.3814 0.7029065
summary(peer_ols_effect_stealamt_lag_withmanager_update_with_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.002538464 0.0005133873 -4.94454 7.632749e-07
summary(peer_iv_effect_stealamt_lag_withmanager_update_with_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.02955796 0.002317757 12.75283 3.012437e-37
summary(peer_ols_effect_stealamt_lag_withmanager_update_without_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.04770316 0.001524242 -31.29632 9.827455e-215
summary(peer_iv_effect_stealamt_lag_withmanager_update_without_new_first60)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.03677903 0.004746911 7.747992 9.358553e-15
summary(peer_ols_effect_stealamt_lag_withmanager_update_with_new_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.003993179 0.0005497105 -7.264148 3.75486e-13
summary(peer_iv_effect_stealamt_lag_withmanager_update_with_new_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.03892728 0.002617783 14.87032 5.157557e-50
summary(peer_ols_effect_stealamt_lag_withmanager_update_without_new_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.04288591 0.001101659 -38.9285 0
summary(peer_iv_effect_stealamt_lag_withmanager_update_without_new_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.01549858 0.003509994 4.415559 1.007643e-05
summary(peer_ols_effect_stealamt_lag_withmanager_update_with_new_first90)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.003993179 0.0005497105 -7.264148 3.75486e-13
summary(peer_iv_effect_stealamt_lag_withmanager_update_with_new_first90)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.03892728 0.002617783 14.87032 5.157557e-50
summary(peer_ols_effect_stealamt_lag_withmanager_update_without_new_first90)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealAmount + 1) -0.04288591 0.001101659 -38.9285 0
summary(peer_iv_effect_stealamt_lag_withmanager_update_without_new_first90)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.01549858 0.003509994 4.415559 1.007643e-05
summary(peer_ols_AvgTip_star_normal_in_tip_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
startargetAvgTip 0.009795226 0.0004237563 23.115232 3.320339e-118
normaltargetAvgTip -0.005063979 0.0017734719 -2.855404 4.298232e-03
summary(peer_iv_AvgTip_star_normal_in_tip_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`startargetAvgTip(fit)` 0.07592837 0.001998791 37.987144 1.089405e-315
`normaltargetAvgTip(fit)` -0.07022843 0.011222011 -6.258097 3.897485e-10
summary(peer_ols_stealcnt_star_normal_in_tip_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(startargetTotalStealCnt + 1) -0.001215909 0.0007482368 -1.625033 1.041556e-01
log(normaltargetTotalStealCnt + 1) -0.006752753 0.0006380075 -10.584129 3.533678e-26
summary(peer_iv_stealcnt_star_normal_in_tip_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealCnt + 1)(fit)` 0.08305343 0.006411432 12.953960 2.235884e-38
`log(normaltargetTotalStealCnt + 1)(fit)` 0.05412588 0.005905425 9.165449 4.936610e-20
summary(peer_ols_stealamt_star_normal_in_tip_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(startargetTotalStealAmount + 1) 0.005267188 0.0007222795 7.292452 3.044277e-13
log(normaltargetTotalStealAmount + 1) 0.002573578 0.0004784399 5.379105 7.486188e-08
summary(peer_iv_stealamt_star_normal_in_tip_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealAmount + 1)(fit)` 0.08944030 0.005377480 16.63238 4.083232e-62
`log(normaltargetTotalStealAmount + 1)(fit)` 0.02837046 0.001968209 14.41435 4.216508e-47
summary(peer_ols_AvgTip_star_normal_in_stealcnt_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
startargetAvgTip 0.0117053 0.0005972774 19.59776 1.632690e-85
normaltargetAvgTip -0.0264644 0.0012405224 -21.33327 5.659032e-101
summary(peer_iv_AvgTip_star_normal_in_stealcnt_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`startargetAvgTip(fit)` 0.09310831 0.002454419 37.934976 7.897769e-315
`normaltargetAvgTip(fit)` 0.02387221 0.007019083 3.401043 6.712992e-04
summary(peer_ols_stealcnt_star_normal_in_stealcnt_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(startargetTotalStealCnt + 1) -0.001753835 0.0004464896 -3.928053 8.563787e-05
log(normaltargetTotalStealCnt + 1) -0.002594897 0.0009587207 -2.706625 6.797137e-03
summary(peer_iv_stealcnt_star_normal_in_stealcnt_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealCnt + 1)(fit)` 0.05509822 0.00318804 17.282787 6.381049e-67
`log(normaltargetTotalStealCnt + 1)(fit)` 0.17350037 0.02902318 5.977993 2.259252e-09
summary(peer_ols_stealamt_star_normal_in_stealcnt_withmanagers_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(startargetTotalStealAmount + 1) 0.002869468 0.0004442961 6.458458 1.057887e-10
log(normaltargetTotalStealAmount + 1) 0.005440631 0.0005735988 9.485081 2.423366e-21
summary(peer_iv_stealamt_star_normal_in_stealcnt_withmanagers_update)$coefficients
Estimate Std. Error t value
`log(startargetTotalStealAmount + 1)(fit)` 0.03566498 0.001610999 22.13843
`log(normaltargetTotalStealAmount + 1)(fit)` 0.03365088 0.002332121 14.42930
Pr(>|t|)
`log(startargetTotalStealAmount + 1)(fit)` 1.371701e-108
`log(normaltargetTotalStealAmount + 1)(fit)` 3.395243e-47
summary(peer_ols_effect_AvgTip_lag_withmanager_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgTip 0.008367373 0.002738635 3.055308 0.002248375
summary(peer_iv_effect_AvgTip_lag_withmanager_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.1408745 0.01400149 10.06139 8.215286e-24
summary(peer_ols_effect_AvgTip_lag_withmanager_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgTip -0.003687016 0.001011481 -3.645167 0.0002672222
summary(peer_iv_effect_AvgTip_lag_withmanager_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.04677438 0.003832569 12.20445 2.948857e-34
summary(peer_ols_effect_stealcnt_lag_withmanager_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.018365709 0.001825876 -10.058576 8.451411e-24
log(avg_peerTotalStealAmount + 1) 0.001751888 0.000433691 4.039483 5.357460e-05
summary(peer_iv_effect_stealcnt_lag_withmanager_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.015455217 0.008196442 1.885601 5.934921e-02
`log(avg_peerTotalStealAmount + 1)(fit)` 0.008350214 0.001135352 7.354736 1.915227e-13
summary(peer_ols_effect_stealcnt_lag_withmanager_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.020673496 0.0008455385 -24.450095 5.168842e-132
log(avg_peerTotalStealAmount + 1) 0.001153299 0.0002383715 4.838242 1.309986e-06
summary(peer_iv_effect_stealcnt_lag_withmanager_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.066929117 0.012293555 5.444244 5.203002e-08
`log(avg_peerTotalStealAmount + 1)(fit)` 0.004395826 0.001229536 3.575190 3.499788e-04
summary(peer_ols_effect_stealamt_lag_withmanager_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.011846168 0.005405655 -2.191440 0.0284203141
log(avg_peerTotalStealAmount + 1) -0.004580208 0.001283978 -3.567202 0.0003608373
summary(peer_iv_effect_stealamt_lag_withmanager_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.02909007 0.003405871 8.541157 1.331579e-17
`log(avg_peerTotalStealCnt + 1)(fit)` 0.04923202 0.024587987 2.002280 4.525508e-02
summary(peer_ols_effect_stealamt_lag_withmanager_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
log(avg_peerTotalStealCnt + 1) -0.026748659 0.0022614006 -11.828360 2.789807e-32
log(avg_peerTotalStealAmount + 1) 0.001056446 0.0006375268 1.657101 9.749921e-02
summary(peer_iv_effect_stealamt_lag_withmanager_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.02302096 0.003257574 7.066904 1.584646e-12
`log(avg_peerTotalStealCnt + 1)(fit)` 0.11238046 0.032570950 3.450328 5.599142e-04
summary(peer_iv_AvgTip_star_normal_in_tip_withmanagers_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`startargetAvgTip(fit)` 0.09440908 0.005817555 16.228308 3.266022e-59
`normaltargetAvgTip(fit)` -0.21111539 0.050461743 -4.183672 2.868745e-05
summary(peer_iv_AvgTip_star_normal_in_tip_withmanagers_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`startargetAvgTip(fit)` 0.034583977 0.0009643999 35.8606189 1.451955e-281
`normaltargetAvgTip(fit)` -0.002431082 0.0024416080 -0.9956888 3.194014e-01
summary(peer_iv_stealcnt_star_normal_in_tip_withmanagers_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealCnt + 1)(fit)` 0.10070711 0.013157626 7.653897 1.952400e-14
`log(normaltargetTotalStealCnt + 1)(fit)` 0.03463699 0.006915105 5.008888 5.475942e-07
summary(peer_iv_stealcnt_star_normal_in_tip_withmanagers_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealCnt + 1)(fit)` 0.07720517 0.007626039 10.123888 4.332748e-24
`log(normaltargetTotalStealCnt + 1)(fit)` 0.07314953 0.009454785 7.736774 1.020040e-14
summary(peer_iv_stealamt_star_normal_in_tip_withmanagers_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealAmount + 1)(fit)` 0.08923428 0.011370450 7.847911 4.236502e-15
`log(normaltargetTotalStealAmount + 1)(fit)` 0.03378014 0.002996124 11.274613 1.762340e-29
summary(peer_iv_stealamt_star_normal_in_tip_withmanagers_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealAmount + 1)(fit)` 0.09023320 0.006315866 14.28675 2.656500e-46
`log(normaltargetTotalStealAmount + 1)(fit)` 0.02791514 0.002739753 10.18893 2.224166e-24
summary(peer_iv_AvgTip_star_normal_in_stealcnt_withmanagers_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`startargetAvgTip(fit)` 0.10278930 0.006423699 16.0015739 1.277291e-57
`normaltargetAvgTip(fit)` 0.01672989 0.022845486 0.7323061 4.639820e-01
summary(peer_iv_AvgTip_star_normal_in_stealcnt_withmanagers_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`startargetAvgTip(fit)` 0.02123196 0.001317633 16.11372 2.055758e-58
`normaltargetAvgTip(fit)` 0.04316742 0.001857404 23.24072 1.811398e-119
summary(peer_iv_stealcnt_star_normal_in_stealcnt_withmanagers_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealCnt + 1)(fit)` 0.04085522 0.004311168 9.476602 2.635164e-21
`log(normaltargetTotalStealCnt + 1)(fit)` 0.08971757 0.050595154 1.773244 7.618871e-02
summary(peer_iv_stealcnt_star_normal_in_stealcnt_withmanagers_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealCnt + 1)(fit)` 0.06778896 0.004635535 14.623763 1.989407e-48
`log(normaltargetTotalStealCnt + 1)(fit)` 0.21036933 0.033147327 6.346495 2.203090e-10
summary(peer_iv_stealamt_star_normal_in_stealcnt_withmanagers_update_beforeguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealAmount + 1)(fit)` 0.03083671 0.002337822 13.190356 1.008717e-39
`log(normaltargetTotalStealAmount + 1)(fit)` 0.02963565 0.003305771 8.964823 3.115564e-19
summary(peer_iv_stealamt_star_normal_in_stealcnt_withmanagers_update_afterguard)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(startargetTotalStealAmount + 1)(fit)` 0.04258421 0.002401070 17.73552 2.249909e-70
`log(normaltargetTotalStealAmount + 1)(fit)` 0.04194241 0.003416219 12.27744 1.199746e-34
summary(peer_iv_AvgTip_top_common_2weeks_withmanagers_beforeguard_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`toptargetAvgTip(fit)` 0.007300703 0.02041077 0.3576887 7.205764e-01
`commontargetAvgTip(fit)` 0.098222039 0.01217525 8.0673541 7.198966e-16
summary(peer_iv_AvgTip_top_common_2weeks_withmanagers_afterguard_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`toptargetAvgTip(fit)` -0.003806135 0.003316923 -1.147490 0.251179378
`commontargetAvgTip(fit)` 0.010114830 0.003831010 2.640251 0.008284521
summary(peer_iv_stealcnt_top_common_2weeks_withmanagers_beforeguard_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(toptargetTotalStealCount + 1)(fit)` 0.03187939 0.005472294 5.825599 5.694164e-09
`log(commontargetTotalStealCount + 1)(fit)` 0.03145771 0.008669696 3.628467 2.851363e-04
summary(peer_iv_stealcnt_top_common_2weeks_withmanagers_afterguard_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(toptargetTotalStealCount + 1)(fit)` 0.04921839 0.008084206 6.088216 1.141958e-09
`log(commontargetTotalStealCount + 1)(fit)` 0.06580247 0.012422176 5.297178 1.176183e-07
summary(peer_iv_stealamt_top_common_2weeks_withmanagers_beforeguard_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(toptargetTotalStealAmount + 1)(fit)` 0.007812675 0.002406142 3.246971 1.166475e-03
`log(commontargetTotalStealAmount + 1)(fit)` 0.016459876 0.003272014 5.030503 4.893586e-07
summary(peer_iv_stealamt_top_common_2weeks_withmanagers_afterguard_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(toptargetTotalStealAmount + 1)(fit)` 0.01593128 0.003460985 4.603105 4.162632e-06
`log(commontargetTotalStealAmount + 1)(fit)` 0.03399257 0.003824449 8.888227 6.214018e-19
Use 1 month as time interval
summary(peer_iv_effect_AvgTip_lag_withmanager_update_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.07547611 0.00839616 8.989361 2.491563e-19
summary(peer_iv_effect_AvgTip_lag_withmanager_update_secondM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.3328581 0.01062379 31.33137 2.834391e-215
summary(peer_iv_effect_AvgTip_lag_withmanager_update_thirdM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.0630227 0.009211952 6.841405 7.856394e-12
summary(peer_iv_effect_AvgTip_lag_withmanager_update_fourthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` -0.2639484 0.01951251 -13.52714 1.12696e-41
summary(peer_iv_effect_AvgTip_lag_withmanager_update_fifthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.01377592 0.01521488 0.9054237 0.3652425
summary(peer_iv_effect_AvgTip_lag_withmanager_update_sixthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgTip(fit)` 0.04907351 0.009860333 4.976861 6.46568e-07
summary(peer_iv_effect_stealcnt_lag_withmanager_update_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.1126809 0.0156259 7.211165 5.552049e-13
summary(peer_iv_effect_stealcnt_lag_withmanager_update_secondM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.1264644 0.02359968 5.358732 8.384506e-08
summary(peer_iv_effect_stealcnt_lag_withmanager_update_thirdM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.1555477 0.03384897 4.595345 4.32202e-06
summary(peer_iv_effect_stealcnt_lag_withmanager_update_fourthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.09309576 0.03889923 2.393255 0.01670054
summary(peer_iv_effect_stealcnt_lag_withmanager_update_fifthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.1276559 0.04501297 2.835981 0.00456918
summary(peer_iv_effect_stealcnt_lag_withmanager_update_sixthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` -0.03714043 0.03295793 -1.126904 0.2597837
summary(peer_iv_effect_stealamt_lag_withmanager_update_firstM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.04540261 0.005339536 8.5031 1.848821e-17
summary(peer_iv_effect_stealamt_lag_withmanager_update_secondM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.04265539 0.006793811 6.278565 3.419929e-10
summary(peer_iv_effect_stealamt_lag_withmanager_update_thirdM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.03793186 0.008656224 4.382033 1.176152e-05
summary(peer_iv_effect_stealamt_lag_withmanager_update_fourthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.04172398 0.01063831 3.922048 8.782783e-05
summary(peer_iv_effect_stealamt_lag_withmanager_update_fifthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.02444368 0.01328282 1.840248 0.06573405
summary(peer_iv_effect_stealamt_lag_withmanager_update_sixthM)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` -0.01969481 0.007701775 -2.557178 0.01055296
summary(peer_ols_effect_AvgRev_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAvgRev 0.04843783 0.001273878 38.02392 2.663033e-316
summary(peer_iv_effect_AvgRev_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAvgRev(fit)` 0.05975351 0.005365868 11.13585 8.402409e-29
summary(peer_ols_effect_DrxSl_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerDrxSl 0.2022067 0.0009513508 212.547 0
summary(peer_iv_effect_DrxSl_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerDrxSl(fit)` 0.1944882 0.005665241 34.33009 3.079341e-258
summary(peer_ols_effect_AddSl_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
avg_peerAddSl 0.2049097 0.0007931751 258.3411 0
summary(peer_iv_effect_AddSl_lag_withmanager_update)$coefficients
Estimate Std. Error t value Pr(>|t|)
`avg_peerAddSl(fit)` 0.169014 0.006502105 25.99374 6.020395e-149
summary(peer_iv_effect_stealcnt_lag_withmanager_update_withtip)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.0429481526 7.373367e-03 5.824768 5.719705e-09
`log(avg_peerTotalStealAmount + 1)(fit)` 0.0061484549 8.514991e-04 7.220741 5.171546e-13
`avg_peerAvgTip(fit)` -0.0001577893 6.347013e-05 -2.486041 1.291737e-02
summary(peer_iv_effect_stealamt_lag_withmanager_update_withtip)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 0.0234929543 0.0023129246 10.157251 3.078703e-24
`log(avg_peerTotalStealCnt + 1)(fit)` 0.0861862496 0.0200282554 4.303233 1.683283e-05
`avg_peerAvgTip(fit)` -0.0002938006 0.0001724037 -1.704143 8.835445e-02
summary(peer_iv_effect_AvgTip_lag_withmanager_update_withsteal)$coefficients
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealCnt + 1)(fit)` 0.81218812 0.689014845 1.178767 2.384910e-01
`log(avg_peerTotalStealAmount + 1)(fit)` 0.09161471 0.079569554 1.151379 2.495764e-01
`avg_peerAvgTip(fit)` 0.12921517 0.005931057 21.786196 3.188175e-105
summary(peer_iv_effect_DrxSl_lag_withmanager_update_withsteal)$coefficients[c(2,3),]
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 4.2256064 1.002316738 4.215839 2.488576e-05
`avg_peerDrxSl(fit)` 0.2267516 0.005902549 38.415877 7.905050e-323
summary(peer_iv_effect_AddSl_lag_withmanager_update_withsteal)$coefficients[c(2,3),]
Estimate Std. Error t value Pr(>|t|)
`log(avg_peerTotalStealAmount + 1)(fit)` 8.6295175 0.651543444 13.24473 4.851834e-40
`avg_peerAddSl(fit)` 0.1000888 0.007526227 13.29867 2.361959e-40