Table 2 Panel regression, 2005–2017,... | Emerald Publishing

Table 2

Panel regression, 2005–2017, first model

Dependent variable: D_PRETAX_ROE
Method: Panel EGLS (cross-section weights)
Sample: 2005 2017
Periods included: 13
Cross-sections included: 13
Total panel (balanced) observations: 169
Linear estimation after one-step weighting matrix
White cross-section standard errors and covariance (d.f. corrected)

Variable	Coefficient	Std. Error	t-Statistic	Prob
C	0.686	0.242	2.831	0.0053
G_ACCRUALS_LAG	4.12E-06	1.27E-06	3.241	0.0015
D_LN_TOTAL_ASSETS	−0.031	0.041	−0.753	0.4527
CRISIS2	0.059	0.022	2.656	0.0088
D_DEBT_RATIO	−0.642	0.214	−2.996	0.0032
D_EA_ESI_LAG	0.001	0.000981	1.089	0.2778
D_GDP_PC_GROWTH	3.119	0.304	10.244	0.0000
D_ECB_MAIN_RATE	−1.106	0.800	2.764	0.0090
	Effects specification

Variable	Coefficient	Std. Error	t-Statistic	Prob
C	0.686	0.242	2.831	0.0053
G_ACCRUALS_LAG	4.12E-06	1.27E-06	3.241	0.0015
D_LN_TOTAL_ASSETS	−0.031	0.041	−0.753	0.4527
CRISIS2	0.059	0.022	2.656	0.0088
D_DEBT_RATIO	−0.642	0.214	−2.996	0.0032
D_EA_ESI_LAG	0.001	0.000981	1.089	0.2778
D_GDP_PC_GROWTH	3.119	0.304	10.244	0.0000
D_ECB_MAIN_RATE	−1.106	0.800	2.764	0.0090
	Effects specification

Cross-section fixed (dummy variables)
	Weighted Statistics
R-squared	0.606	Mean dependent var	0.366
Adjusted R-squared	0.575	S.D. dependent var	0.429
S.E. of regression	0.187	Sum squared resid	5.185
F-statistic	16.374	Durbin–Watson stat	1.316
Prob (F-statistic)	0.000000

Cross-section fixed (dummy variables)
	Weighted Statistics
R-squared	0.606	Mean dependent var	0.366
Adjusted R-squared	0.575	S.D. dependent var	0.429
S.E. of regression	0.187	Sum squared resid	5.185
F-statistic	16.374	Durbin–Watson stat	1.316
Prob (F-statistic)	0.000000