Table 9. Fixed-effects regression...

Table 9.

Fixed-effects regression results with robust standard errors

Variable	Coefficient	Robust standard errors	t-value	p-value
Size	2.413719	0.3466406	6.96	0.000**
ROA	0.2105251	0.186777	1.13	0.284
DE	−0.1027202	0.0422253	−2.43	0.033*

Note(s):

Prob > F; 0.0002; R-Sq; within = 0.6878; between = 0.3768; overall = 0.3167; **p < 0.01; *p < 0.05

Source(s): Authors’ own work

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