Table 4 Value relevance of derivatives:...

Table 4

Value relevance of derivatives: 2005–2009

Variable	Coefficient	Std. error	t-statistic	Prob.
C	1.151521	1.458197	0.789689	0.4322
DERTOTAL_BIN	0.253235	0.137268	1.844819	0.0690
ROA	0.070332	0.008740	8.047443	0.0000
LEVDA	−0.295519	0.392215	−0.753461	0.4535
FOR/SALES	0.000647	0.002884	0.224205	0.8232
RD/SALES	0.152154	0.295352	0.515161	0.6080
LNTOTASS	0.025518	0.075950	0.335987	0.7378
CR	−0.329935	0.119533	−2.760190	0.0073
DIV	−0.058464	0.032497	−1.799079	0.0760
HEALTHCAREDUM	−0.088653	0.425177	−0.208508	0.8354
INDUSTRIALSDUM	0.022509	0.184007	0.122327	0.9030
CONSGOODSDUM	−0.060729	0.204041	−0.297632	0.7668
CONSSERVDUM	0.534378	0.416994	1.281499	0.2040
TECHDUM	0.085818	0.228178	0.376102	0.7079
Root MSE	0.492442	R-squared		0.505100
Mean dependent var	1.777188	Adjusted R-squared		0.419317
S.D. dependent var	0.703963	S.E. of regression		0.536438
Akaike info criterion	1.735726	Sum squared resid		21.58242
Schwarz criterion	2.127197	Log likelihood		−63.23982
Hannan-Quinn criter	1.893517	F-statistic		5.888128
Durbin–Watson stat	1.635822	Prob(F-statistic)		0.000000

Variable	Coefficient	Std. error	t-statistic	Prob.
C	1.151521	1.458197	0.789689	0.4322
DERTOTAL_BIN	0.253235	0.137268	1.844819	0.0690
ROA	0.070332	0.008740	8.047443	0.0000
LEVDA	−0.295519	0.392215	−0.753461	0.4535
FOR/SALES	0.000647	0.002884	0.224205	0.8232
RD/SALES	0.152154	0.295352	0.515161	0.6080
LNTOTASS	0.025518	0.075950	0.335987	0.7378
CR	−0.329935	0.119533	−2.760190	0.0073
DIV	−0.058464	0.032497	−1.799079	0.0760
HEALTHCAREDUM	−0.088653	0.425177	−0.208508	0.8354
INDUSTRIALSDUM	0.022509	0.184007	0.122327	0.9030
CONSGOODSDUM	−0.060729	0.204041	−0.297632	0.7668
CONSSERVDUM	0.534378	0.416994	1.281499	0.2040
TECHDUM	0.085818	0.228178	0.376102	0.7079
Root MSE	0.492442	R-squared		0.505100
Mean dependent var	1.777188	Adjusted R-squared		0.419317
S.D. dependent var	0.703963	S.E. of regression		0.536438
Akaike info criterion	1.735726	Sum squared resid		21.58242
Schwarz criterion	2.127197	Log likelihood		−63.23982
Hannan-Quinn criter	1.893517	F-statistic		5.888128
Durbin–Watson stat	1.635822	Prob(F-statistic)		0.000000

Source(s): Own compilation

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