That's what I was trying to do (using -rsasuser on the command line of the first session). However, I still get the error when I start the second session. My program is only using Base SAS features. NOTE: Unable to open SASUSER.PROFILE. WORK.PROFILE will be opened instead. ... View more

Doc, do you mean under control panel/programs/default programs? You can do some things there, but not (it seems) control parameters associated with programs. ... View more

Setting the option SASINITIALFOLDER fixed this. Would be nice if there was a document which brought together all the options on how to start SAS in the windows environment. ... View more

I've now come across another problem. I start my SAS program with a batch file with "c:\program files\SAS\SASFoundation\9.2\sas.exe" %1 -nologo -batch -ls 130 -config D:\SAS\SASV9.cFG -log "%~dpn1.log" -print "%~dpn1.lst" The log file now has the error NOTE: Writing  Body file: sashtml.htm ERROR: Insufficient authorization to access C:\Windows\system32\sashtml.htm. WARNING: No body file.  output will not be created. When I start SAS interactively, it has the results being directed to the Work folder (which is located elsewhere). How do I control this in the batch job? ... View more

Can't answer all your questions, but the following might help: - Proc model can do just about everything that syslin can (ie it does non-linear models as well as linear models). The main difference is that Syslin has simpler syntax. - I think your panel data model is a fixed effects model. These can be calculated in several ways (other than using proc panel or glm absorb). Eg by actually including a dummy variable for each fixed effect (eg firm) or by transforming the data so they are deviations from within-firm means. You should look at textbook like Wooldridge's "Econometric Analysis of Cross Sectional and Panel data" for an explanation of this (I just googled it, there seems to be a PDF available via google scholar). The first of these methods (maybe both) will work with unbalanced panel data, and then you use proc model or syslin to do the 2sls. - Overidentifying test. I've never done this (finding one valid instrument is hard enough, let alone two). The idea is that it tests whether both instruments give the same result. You might be able to test it by similtaneously estimating two equations (with differrent instruments in each) and then testing for equality of coefficients - but I'm just speculating here. - Wooldridge refers to a method by Arellano to calculate robust standard errors for panel data, but I don't think is available in any canned routine. ... View more

Actually, I've discovered the scripting is not that hard. A batch file with the following single line seems to do the trick "c:\program files\SAS\SASFoundation\9.2\sas.exe" %1 -nologo -batch  -log "%~dpn1.log" -print "%~dpn1.lst" ... View more

I knew about the solution proposed by FriedEgg, however it doesn't fully solve the problem. I want the log file to automatically have the same name as the submitted program (apart from the extension). (The approach suggested by Doc@Duke doesn't work in Windows 7 or Server 2008 - the ability to configure file type associations has been removed from the user interface) I presume there must be a way to create the log file name and location within a batch file using some scripting language, but surely there must be a way of asking SAS to do this (since that is what it normally does). ... View more

Several ETS modules can do 2SLS - search for 2SLS in help. But do you have a suitable instrument? You cannot test the validity of an instrument - this must come from theory. (If you have more than on instrument you can do a test that can reject the hypothesis that they are all valid instruments, but this is only a limited test of validity). A valid instrument must - be correlated with CEO stock options (the F or R2 of this equation is a simple test of the instrument strength), and - not have any causal association with risk-taking, except via this association with CEO stock options. The second requirement is usually quite challenging. Re heteroscedasticity, there are a few options. This excerpt from the proc model help might help get you started. "Note that White’s test in the MODEL procedure is different than White’s test in the REG procedure requested by the SPEC option. The SPEC option produces the test from Theorem 2 on page 823 of White (1980). The WHITE option, on the other hand, produces the statistic discussed in Greene (1993). " ... View more