Table 7. Pooled OLS regression/random... | Emerald Publishing

Table 7.

Pooled OLS regression/random effect model estimation of performance

	OLS regression		Random effect model
Variables	Coefficient	P-value	Coefficient	P-value
C (constant)	1.84023	0.022**	2.01911	0.009***
CR	0.28160	0.004***	0.22145	0.018**
STDEBT_{(t – 1)}	0.22114	0.001***	0.19114	0.004***
LTDEBT_{(t – 1)}	0.38912	0.000***	0.33412	0.000***
CAP_{(t – 1)}	0.32177	0.000***	0.27127	0.000***
CAPEX_{(t – 1)}	0.32011	0.038**	0.29103	0.000***
LSIZE	−0.18018	0.008***	−0.16237	0.014**
AGE	0.09120	0.214	0.06221	0.499
Observations	804		804
	R²	0.75	R²	0.72
	Prob (F-statistic)	0.000	Prob (F-statistic)	0.000

	OLS regression		Random effect model
Variables	Coefficient	P-value	Coefficient	P-value
C (constant)	1.84023	0.022**	2.01911	0.009***
CR	0.28160	0.004***	0.22145	0.018**
STDEBT_{(t – 1)}	0.22114	0.001***	0.19114	0.004***
LTDEBT_{(t – 1)}	0.38912	0.000***	0.33412	0.000***
CAP_{(t – 1)}	0.32177	0.000***	0.27127	0.000***
CAPEX_{(t – 1)}	0.32011	0.038**	0.29103	0.000***
LSIZE	−0.18018	0.008***	−0.16237	0.014**
AGE	0.09120	0.214	0.06221	0.499
Observations	804		804
	R²	0.75	R²	0.72
	Prob (F-statistic)	0.000	Prob (F-statistic)	0.000

Note(s):

*** and * *represent 1 and 5% significance level, respectively

Source(s): Authors’ own creation