“1. Use test for difference in mean to test whether the grouping criterion you h

“1. Use test for difference in mean to test whether the grouping criterion you have chosen works (I have chosen financially conservative firms I.e. more cash and less leverage) 2. Build up a dummy and test whether some basic relationships are different for this group of firms (any non-financial US firms) 3. Use login/probit/regression analysis to test the hypothesis that the group of firms you have selected is distressed/conservative” – Data: 1990-2013 using a large sample of non-financial US firms – Aim: investigate whether financial conservative policies depend on financial distress – the sample of firms should be taken from Datastream and include an unbalanced panel of publicly traded US firms from 1990-2020 excluding financial firms from the sample. We also exclude missing firm year observations from any variable in the model during the sample period. Finally from these firms we choose only those with at least six time series observations. Please use info as an example from the attachment – 3.3 data and 4. empirical results.