固定效应中的conflating effect

最近在看一篇论文，其中有一段By including firm fixed effect, our analysis captures the relation between CEO early-life disaster experience and stock price crash risk within a focal firm, thereby controlling for any potential conflating effects of firm-level enduring attributes (both observable and unobservable)，请问其中的conflating effect是什么意思

LLlearner 发表于 2022-10-17 20:44
最近在看一篇论文，其中有一段By including firm fixed effect, our analysis captures the relation betwe ...

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