Table 5

Fixed effect regression results

VariablesFE
BIND−0.067**
(0.0231)
BGD0.096***
(0.0144)
BEXP0.031***
(0.0080)
SCOM4.242***
(0.6792)
BMEET0.824***
(0.1748)
FAGE2.377***
(0.2222)
FSIZE1.267
(0.6812)
Constant−84.787***
(7.9941)
Observations448
Hausman test123.148***
Breusch and Pagan LM test404.35***
Number of groups56
F-stat393.6
Prob > F1.52e-08
Within R-squared0.565

Note(s): Standard errors in parentheses

***p < 0.01, **p < 0.05, *p < 0.1

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