Financial Econometrics

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I choose the article and i want you to use it (just this article and no more articles or references)and this is the link
and i attached the file
The structure :
Write a report about the main strengths and weaknesses of the econometrics strategy employed in the paper.
[HINT: In particular, look at the following issues: endogeneity of one or more of the regressors possible omitted variables bias; robustness (or lack thereof) of the results using different econometric techniques]
please write about the strengths and weaknesses of the econometrics model used. Specifically:
1. Strengths of the model;
2. Weaknesses of the model such as:
Assumptions of the model
Robustness tests
Proxies chosen, and their significance
Main assumptions of the paper
Sample selection bias
Identification strategy and
Endogeneity proble.
these are my requirements and i dont need a conclusion

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