06 September 2020 3 1K Report

Hello,

I am trying to check the mediation effect of firm innovation on the relationship between Chief Marketing Officer presence and firm financial performance.

Firm innovation is the mediator variable, CMO presence is the independent variable. It is also a binary variable coded as 0 for CMO presence and 1 for CMO absence. Firm financial performance is the dependent variable measured in terms of annual stock returns and the lagged annual stock returns is the control variable in my dataset.

My data is panel data, I have collected it for 97 firms for the period of 20 years and have created id variables for each firm.

My question is that can I use the PROCESS macro model 4 on my panel data? If yes then do I somehow declare my data to be panel data in SPSS? I am new to using SPSS so I am confused if I am taking the correct approach.

Thank you in advance.

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