Table 6 The value relevance of...

Table 6

The value relevance of derivatives and crisis interaction

Variable	Coefficient	Std. error	t-statistic	Prob.
C	−0.033753	0.491472	−0.068678	0.9453
DERTOTAL_BIN	0.069212	0.068976	1.003418	0.3170
ROA	0.058593	0.004432	13.21939	0.0000
LEVDA	0.029783	0.165036	0.180464	0.8570
FOR/SALES	0.002106	0.001126	1.870772	0.0630
RD/SALES	0.147912	0.102334	1.445390	0.1501
LNTOTASS	0.082494	0.027690	2.979200	0.0033
CR	−0.172622	0.042774	−4.035665	0.0001
DIV	−0.060128	0.014403	−4.174671	0.0000
HEALTHCAREDUM	0.262296	0.138163	1.898449	0.0592
INDUSTRIALSDUM	−0.014282	0.095014	−0.150318	0.8807
CONSGOODSDUM	0.532586	0.095301	5.588439	0.0000
CONSSERVDUM	0.692080	0.238963	2.896187	0.0042
TECHDUM	0.189448	0.147124	1.287678	0.1995
DUMCRISES	−0.381548	0.116211	−3.283239	0.0012
INTER_CRISISDER	0.248269	0.127190	1.951950	0.0525
Root MSE	0.901874	R-squared		0.600750
Mean dependent var	3.382962	Adjusted R-squared		0.567845
S.D. dependent var	1.889164	S.E. of regression		0.940682
Sum squared resid	161.0488	F-statistic		18.25701
Durbin–Watson stat	1.437187	Prob (F-statistic)		0.000000

Variable	Coefficient	Std. error	t-statistic	Prob.
C	−0.033753	0.491472	−0.068678	0.9453
DERTOTAL_BIN	0.069212	0.068976	1.003418	0.3170
ROA	0.058593	0.004432	13.21939	0.0000
LEVDA	0.029783	0.165036	0.180464	0.8570
FOR/SALES	0.002106	0.001126	1.870772	0.0630
RD/SALES	0.147912	0.102334	1.445390	0.1501
LNTOTASS	0.082494	0.027690	2.979200	0.0033
CR	−0.172622	0.042774	−4.035665	0.0001
DIV	−0.060128	0.014403	−4.174671	0.0000
HEALTHCAREDUM	0.262296	0.138163	1.898449	0.0592
INDUSTRIALSDUM	−0.014282	0.095014	−0.150318	0.8807
CONSGOODSDUM	0.532586	0.095301	5.588439	0.0000
CONSSERVDUM	0.692080	0.238963	2.896187	0.0042
TECHDUM	0.189448	0.147124	1.287678	0.1995
DUMCRISES	−0.381548	0.116211	−3.283239	0.0012
INTER_CRISISDER	0.248269	0.127190	1.951950	0.0525
Root MSE	0.901874	R-squared		0.600750
Mean dependent var	3.382962	Adjusted R-squared		0.567845
S.D. dependent var	1.889164	S.E. of regression		0.940682
Sum squared resid	161.0488	F-statistic		18.25701
Durbin–Watson stat	1.437187	Prob (F-statistic)		0.000000

Source(s): Own compilation

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