Table 7. Fixed effect model Variables... | Emerald Publishing

Table 7.

Fixed effect model

Variables	Coef.	Std. err.	T-value	P-value
Cons	189.06	63.95	2.96	0.003
ROA	−5.07	0.83	−6.08	0.000
ROE	0.22	0.14	1.59	0.111
ROCE	0.32	0.18	1.75	0.080
MVA	0.00	0.00	−5.21	0.000
FSIZE	−28.13	9.25	−3.04	0.002
LIQ	0.00	0.01	0.47	0.639
TQ	669.48	38.38	17.44	0.000
Husamn test				0.000
R-seq. within				0.3575
R-seq. between				0.1273
R-seq. overall				0.1416
F (7,588)				46.7300
Prob > F				0.0000

Variables	Coef.	Std. err.	T-value	P-value
Cons	189.06	63.95	2.96	0.003
ROA	−5.07	0.83	−6.08	0.000
ROE	0.22	0.14	1.59	0.111
ROCE	0.32	0.18	1.75	0.080
MVA	0.00	0.00	−5.21	0.000
FSIZE	−28.13	9.25	−3.04	0.002
LIQ	0.00	0.01	0.47	0.639
TQ	669.48	38.38	17.44	0.000
Husamn test				0.000
R-seq. within				0.3575
R-seq. between				0.1273
R-seq. overall				0.1416
F (7,588)				46.7300
Prob > F				0.0000

Notes:

1- LEV is leverage, ROE is return on equity, TQ is Tobin-Q, LIQ is liquidity, ROCE is return on capital employed, ROA is return on assets, FSIZE is firm size and MVA is market value added