In my fixed effects panel regression analysis the DV (Triadic Patent Families) enters in logarithmic form. To counteract very small coefficients because of different scales in my IVs and enable the comparison of relative importance of the individual IVs, these enter in standardized form.
Is this combination possible (DV log; IVs standardized)?
How do I interpret the results?
Jochen Wilhelm
Standardized IVs don't allow you to compare a "relative importance" - unless you mean something meaningless with "importance".
However, the coefficients give the log-difference of the DV per standard deviation change of the IV. If the log is to base b, then 1 log-difference is a b-fold change (=b^1-fold), x log-differences are a b^x-fold change.
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