Table 5. Hypothesis testing results:... | Emerald Publishing

Table 5.

Hypothesis testing results: small companies

Variable	TUL1		TUL2		TUL3
Variable	t-stat	Prob	t-stat	Prob	t-stat	Prob
C	7.131750	0.0000	−8.744159	0.0000	−8.838173	0.0000
KONS	−2.584614	0.0103	1.571540	0.1172	2.517494	0.0124
Foreign	−1.736154	0.0837	2.067274	0.0397	3.226619	0.0014
DAR	0.058439	0.9534	6.731452	0.0000	1.961967	0.0508
ROA	2.058158	0.0405	−0.267562	0.7892	−1.127292	0.2606
GROWTH	−1.930998	0.0545	−6.346508	0.0000	0.322318	0.7475
AS	1.784017	0.0755	1.359248	0.1752	−0.717621	0.4736
R-squared	0.063173		0.117539		0.088081
Adj R-squared	0.042508		0.098073		0.067965
F–statistic	3.056960		6.038181		4.378673
Probabilities (F-stat)	0.006541		0.000006		0.000305

Variable	TUL1		TUL2		TUL3
Variable	t-stat	Prob	t-stat	Prob	t-stat	Prob
C	7.131750	0.0000	−8.744159	0.0000	−8.838173	0.0000
KONS	−2.584614	0.0103	1.571540	0.1172	2.517494	0.0124
Foreign	−1.736154	0.0837	2.067274	0.0397	3.226619	0.0014
DAR	0.058439	0.9534	6.731452	0.0000	1.961967	0.0508
ROA	2.058158	0.0405	−0.267562	0.7892	−1.127292	0.2606
GROWTH	−1.930998	0.0545	−6.346508	0.0000	0.322318	0.7475
AS	1.784017	0.0755	1.359248	0.1752	−0.717621	0.4736
R-squared	0.063173		0.117539		0.088081
Adj R-squared	0.042508		0.098073		0.067965
F–statistic	3.056960		6.038181		4.378673
Probabilities (F-stat)	0.006541		0.000006		0.000305