Table 4. Hypothesis testing results:... | Emerald Publishing

Table 4.

Hypothesis testing results: large companies

Variables	TUL1		TUL2		TUL3
Variables	t-stat	Prob	t-stat	Prob	t-stat	Prob
C	4.671728	0.0000	−1.837860	0.0672	−3.465120	0.0006
KONS	−0.676341	0.4994	0.256831	0.7975	0.622999	0.5338
FOREIGN	−3.771728	0.0002	1.254335	0.2108	4.188685	0.0000
DAR	1.650765	0.0999	9.951638	0.0000	13.98211	0.0000
ROA	0.020663	0.9835	0.655078	0.5130	1.451052	0.1479
GROWTH	−1.592018	0.1125	−1.382925	0.1678	−1.080242	0.2810
AS	3.693686	0.0003	1.286689	0.1993	−2.873223	0.0044
R-squared	0.046474		0.082498		0.064431
Adj R-squared	0.025362		0.062184		0.043717
F–statistics	2.201371		4.061201		3.110529
Probability (F-stat)	0.043179		0.000644		0.005796

Variables	TUL1		TUL2		TUL3
Variables	t-stat	Prob	t-stat	Prob	t-stat	Prob
C	4.671728	0.0000	−1.837860	0.0672	−3.465120	0.0006
KONS	−0.676341	0.4994	0.256831	0.7975	0.622999	0.5338
FOREIGN	−3.771728	0.0002	1.254335	0.2108	4.188685	0.0000
DAR	1.650765	0.0999	9.951638	0.0000	13.98211	0.0000
ROA	0.020663	0.9835	0.655078	0.5130	1.451052	0.1479
GROWTH	−1.592018	0.1125	−1.382925	0.1678	−1.080242	0.2810
AS	3.693686	0.0003	1.286689	0.1993	−2.873223	0.0044
R-squared	0.046474		0.082498		0.064431
Adj R-squared	0.025362		0.062184		0.043717
F–statistics	2.201371		4.061201		3.110529
Probability (F-stat)	0.043179		0.000644		0.005796