Table 4 Estimating the impact of foreign... | Emerald Publishing

Table 4

Estimating the impact of foreign equity holding; Indian promoter holding and non-promoter holding on return on assets

Null hypotheses	Coefficient	t-statistic	Prob	Accept/reject the null hypotheses
H0 (1): The foreign equity holding is likely to show no impact on return on assets for selected companies	−0.046	−1.359	0.174**	Accepted
H0 (2): The Indian promoter holding is likely to show no impact on return on assets for selected companies	0.098	3.432	0.0006*	Rejected
H0 (3): The non-promoter holding is likely to show no impact on return on assets for selected companies	0.111	4.876	0.0000*	Rejected

Null hypotheses	Coefficient	t-statistic	Prob	Accept/reject the null hypotheses
H0 (1): The foreign equity holding is likely to show no impact on return on assets for selected companies	−0.046	−1.359	0.174**	Accepted
H0 (2): The Indian promoter holding is likely to show no impact on return on assets for selected companies	0.098	3.432	0.0006*	Rejected
H0 (3): The non-promoter holding is likely to show no impact on return on assets for selected companies	0.111	4.876	0.0000*	Rejected

Note(s): *significant; **insignificant