HEC Lausanne

Morgane FIBICHER, étudiante Master en sciences actuarielles

Antonia STRACKE, étudiante Master en finance

Thomas LÄNGER, Faculté des hautes études commerciales (HEC)Thomas LÄNGER, Faculté des hautes études commerciales (HEC)

Jayson DANTON, étudiant Master en économie politique

Virginie KYRIAKOPOULOS, étudiante Master en Droit et économie

Raphaël PARCHET, Faculté des hautes études commerciales (HEC)

Official video presentation of HEC Lausanne

Robert DANON, professeur en droit fiscal, HEC Lausanne et Faculté de droit de l'UNIL

Clip de présentation de la Faculté des HEC Lausanne

Robert DANON, professeur de droit fiscal à HEC et à la Faculté de droit de l'UNIL

John ANTONAKIS, professeur de leadership à HEC Lausanne

Benoît GARBINATO, professeur au Départment des systèmes d'information à HEC Lausanne

Jane KHAYESI, Faculté des hautes études commerciales

Marius BRULHART, professeur d'économie, Faculté des HEC

Marius BRULHART, professeur d'économie, Faculté des HEC

Yves PIGNEUR, professeur UNIL

Délia NILLES, directrice adjointe de l'Institut CREA

Jean-Philippe BONARDI, professeur et directeur du Département de stratégie

Stéphane GARELLI, professeur du Département de stratégie, UNIL

John ANTONAKIS, professeur de leadership à HEC Lausanne

Philippe BACHETTA, professeur d'économie à HEC Lausanne

Laurent STECK, étudiant Master en systèmes d'information

Aurélie CISIER, étudiante Master en comptabilité, contrôle et finance

Morgane BRELAZ, étudiante Master en management

A key assumption of regression analysis (or structural equation modeling) is that the modeled independent variables are not endogenous. Yet, the problems of endogeneity are not well known to researchers working in many social sciences disciplines (e.g., management, applied psychology, sociology, etc.). When the independent variable has not been exogenously manipulated, there is a strong possibility that its relationship to a dependent variable will not be correctly estimated, leading to spurious findings. This podcast gives a brief and vivid overview to endogeneity and why it is engendered. Prof. John Antonakis discusses the problems of endogeneity using non-technical language and intuitive explanations; he shows that the observed relationship that is estimated can be very misleading when the independent variable is endogenous.

A key assumption of regression analysis (or structural equation modeling) is that the modeled independent variables are not endogenous. Yet, the problems of endogeneity are not well known to researchers working in many social sciences disciplines (e.g., management, applied psychology, sociology, etc.). When the independent variable has not been exogenously manipulated, there is a strong possibility that its relationship to a dependent variable will not be correctly estimated, leading to spurious findings. This podcast gives a brief and vivid overview to endogeneity and why it is engendered. Prof. John Antonakis discusses the problems of endogeneity using non-technical language and intuitive explanations; he shows that when the independent variable is endogenous--which is also possible in experimental designs (when the mediator is endogenous)--the observed relationship that is estimated can be very misleading. Prof. Antonakis demonstrates how the problem of endogeneity can be solved using procedures borrowed from econometrics (i.e., two-stage least square regression estimator).

It is well known that endogeneity leads to inconsistent estimates. Unfortunately, many researchers working outside of economics are not aware of the problem of endogeneity and how to deal with it. Prof. John Antonakis shows how the two-stage least squares (2SLS) estimator recovers causal estimates in the presence of endogeneity (which includes the problem of common-method variance). He also shows that endogeneity can even be prevalent in experimental designs, when researchers estimate mediation models; that is, where the causal effect of an exogenous variable on a dependent variable is mediated by an endogenous variable (or a manipulation check).

Jim STENGEL, president and CEO of The Jim Stengel Company

Jim STENGEL, president and CEO of The Jim Stengel Company

Dominique ARLETTAZ, Recteur UNIL et Maia WENTLAND, vice-doyenne HEC

Prof. John ANTONAKIS, HEC Lausanne

Prof. Franziska KRINGS, Vice-Rectrice de l’UNIL

Dr Shirin EBADI, Prix Nobel de la Paix

Dr Shirin EBADI, Prix Nobel de la Paix

Débat avec Klaus SCHWAB, Laura TYSON, Pierre LANDOLT, Susan GEORGE, Darrell DUFFIE et Paola GHILLANI (modération Delia METH-COHN de The Economist). Ouverture par le prof. Guido PALAZZO

Déborah PHILIPPE, professeure HEC Lausanne

Fanny PRISER, étudiante en Bachelor HEC Lausanne

Guido PALAZZO, professeur HEC Lausanne

Marie-Hélène MIAUTON, fondatrice de M.I.S Trend

David DUDOK DE WIT, étudiant en Master HEC Lausanne

Gianni CISERANI, Président de Procter & Gamble Western Europe

Jean-Claude BIVER, PDG de Hublot