Abstract
The experimental design method is a pivotal factor for the reliability of the parameters estimation in the discrete choice model. The traditional orthogonal design is used widely, but insufficient empirical research has been conducted on the effectiveness of these new design methods. Several new experimental design methods, such as D-efficient, Bayesian D-efficient, have been proposed recently. This study finds that the D-adoption has statistically insignificant effect on the growth of productivity. This study is motivated by the lack of documented evidence on the effect of Chinese ESOS. This study contributes to the body of knowledge by documenting evidence on the impact of ESOS on productivity enhancement and earnings management practices. The existing literature on productivity effect and earnings management effect of ESOS falls under two isolated strands of research. No documented studies have been done to investigate these two issues simultaneously using the same dataset. As a result, the existing literature fails to identify which of these two countervailing effects of ESOS is more dominant.
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