Table 6 ROE fixed-effects model... | Emerald Publishing

Table 6

ROE fixed-effects model

Variables	Estimate	Std. Error	t-value	p-value	Sig
ROA	1.243	0.222	5.608	<0.001	***
Leverage	−0.054	0.006	−8.261	<0.001	***
NI/EBIT	0.006	0.004	1.618	0.106
Double negative	−0.229	0.034	−6.726	<0.001	***
Size (log total assets)	−0.013	0.022	−0.593	0.553
Firm FE	Yes
Year FE	Yes
N. Observations	7,363
R-squared	0.440
Wald test	366.244***

Variables	Estimate	Std. Error	t-value	p-value	Sig
ROA	1.243	0.222	5.608	<0.001	***
Leverage	−0.054	0.006	−8.261	<0.001	***
NI/EBIT	0.006	0.004	1.618	0.106
Double negative	−0.229	0.034	−6.726	<0.001	***
Size (log total assets)	−0.013	0.022	−0.593	0.553
Firm FE	Yes
Year FE	Yes
N. Observations	7,363
R-squared	0.440
Wald test	366.244***

Note(s): *p < 0.1, **p < 0.05, ***p < 0.01

Source(s): Author’s own work