Table 10. Multivariate regression... | Emerald Publishing

Table 10.

Multivariate regression (income shifting and ownership concentration)

ln (PBT)	Sign	Model 3		Model 4
ln (PBT)	Sign	Coefficient	p-value	Coefficient	p-value
C subsidiaries	−	0.023	0.583
Ownership90	?	0.137	0.142	0.121	0.412
C subsidiaries*Ownership90	−	−0.159	0.001
C parent	−			−1.754	0.240
C parent*Ownership90	?			−0.501	0.457
ln (TangibleAssets)	+	0.167	0.000	0.129	0.000
ln (CompExp)	+	0.532	0.000	0.634	0.000
ln (GDP)	?	0.680	0.000	0.821	0.000
Parent firm random effect and year fixed effects		Yes		Yes
Adj. R2		0.461		0.501
Observations		6,560		2,551

ln (PBT)	Sign	Model 3		Model 4
ln (PBT)	Sign	Coefficient	p-value	Coefficient	p-value
C subsidiaries	−	0.023	0.583
Ownership90	?	0.137	0.142	0.121	0.412
C subsidiaries*Ownership90	−	−0.159	0.001
C parent	−			−1.754	0.240
C parent*Ownership90	?			−0.501	0.457
ln (TangibleAssets)	+	0.167	0.000	0.129	0.000
ln (CompExp)	+	0.532	0.000	0.634	0.000
ln (GDP)	?	0.680	0.000	0.821	0.000
Parent firm random effect and year fixed effects		Yes		Yes
Adj. R2		0.461		0.501
Observations		6,560		2,551

Note:

Parent firm random effects