Country wise effect comparison estimation
| Variables | Coef. | Std. err. | T-value | P-value |
|---|---|---|---|---|
| Cons | 103.91 | 25.59 | 4.06 | 0.000 |
| ROA | −4.017 | 0.63 | −6.37 | 0.000 |
| ROE | 0.01 | 0.14 | 0.10 | 0.922 |
| ROCE | 0.16 | 0.19 | 0.88 | 0.379 |
| MVA | 0.01 | 4.15e | −3.60 | 0.000 |
| FSIZE | −8.20 | 3.41 | −2.40 | 0.016 |
| LIQ | 0.00 | 0.00 | 0.51 | 0.609 |
| TQS | 306.18 | 25.48 | 12.02 | 0.000 |
| R.seq. within | 0.3176 | |||
| R.seq. between | 0.1713 | |||
| R.seq. overall | 0.1705 | |||
| Wald χ2(10) | 161.0600 | |||
| Prob > F | 0.000 | |||
| Country wise comparison effect (KSA is the base of comparison) | ||||
| Oman | −18.24 | 14.36508 | −1.27 | 0.204 |
| UAE | −17.88 | 13.73376 | −1.30 | 0.193 |
| Qatar | 2.82 | 13.98649 | 0.20 | 0.84 |
| Variables | Coef. | Std. err. | ||
|---|---|---|---|---|
| 103.91 | 25.59 | 4.06 | 0.000 | |
| −4.017 | 0.63 | −6.37 | 0.000 | |
| 0.01 | 0.14 | 0.10 | 0.922 | |
| 0.16 | 0.19 | 0.88 | 0.379 | |
| 0.01 | 4.15e | −3.60 | 0.000 | |
| −8.20 | 3.41 | −2.40 | 0.016 | |
| 0.00 | 0.00 | 0.51 | 0.609 | |
| 306.18 | 25.48 | 12.02 | 0.000 | |
| R.seq. within | 0.3176 | |||
| R.seq. between | 0.1713 | |||
| R.seq. overall | 0.1705 | |||
| Wald χ2(10) | 161.0600 | |||
| Prob > | 0.000 | |||
| Country wise comparison effect (KSA is the base of comparison) | ||||
| Oman | −18.24 | 14.36508 | −1.27 | 0.204 |
| UAE | −17.88 | 13.73376 | −1.30 | 0.193 |
| Qatar | 2.82 | 13.98649 | 0.20 | 0.84 |
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