Table 8. Country wise effect comparison... | Emerald Publishing

Table 8.

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.	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

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