Table 3. Hypothesis testing results for... | Emerald Publishing

Table 3.

Hypothesis testing results for manufacturing companies in Indonesia from 2014 to 2018

Variables		TUL1		TUL2		TUL3
Variables	Hypothesis	t-stat	Prob	t-stat	Prob	t-stat	Prob
C		1.553138	0.1210	3.141438	0.0018	−0.827245	0.4085
KONS	Positive	−2.446075	0.0148	1.916854	0.0558	3.862668	0.0001
FOREIGN	Negative	−2.196228	0.0285	1.874032	0.0615	4.412092	0.0000
DAR		0.467809	0.6401	12.82724	0.0000	2.584724	0.0100
ROA		1.818031	0.0696	−0.363047	0.7167	−1.666951	0.0961
SIZE		−0.062332	0.9503	−5.724110	0.0000	−2.514340	0.0122
GROWTH		−2.957675	0.0032	−3.754423	0.0002	−2.843264	0.0046
AS		1.930728	0.0540	1.202507	0.2297	−1.243208	0.2143
R-squared		0.034455		0.106972		0.066420
Adj R-squared		0.022144		0.095585		0.054517
F Statistics		2.798674		9.394585		5.579846
Probability (F Stat)		0,007196		0.000000		0.000003

Variables		TUL1		TUL2		TUL3
Variables	Hypothesis	t-stat	Prob	t-stat	Prob	t-stat	Prob
C		1.553138	0.1210	3.141438	0.0018	−0.827245	0.4085
KONS	Positive	−2.446075	0.0148	1.916854	0.0558	3.862668	0.0001
FOREIGN	Negative	−2.196228	0.0285	1.874032	0.0615	4.412092	0.0000
DAR		0.467809	0.6401	12.82724	0.0000	2.584724	0.0100
ROA		1.818031	0.0696	−0.363047	0.7167	−1.666951	0.0961
SIZE		−0.062332	0.9503	−5.724110	0.0000	−2.514340	0.0122
GROWTH		−2.957675	0.0032	−3.754423	0.0002	−2.843264	0.0046
AS		1.930728	0.0540	1.202507	0.2297	−1.243208	0.2143
R-squared		0.034455		0.106972		0.066420
Adj R-squared		0.022144		0.095585		0.054517
F Statistics		2.798674		9.394585		5.579846
Probability (F Stat)		0,007196		0.000000		0.000003