Table 7. Hypothesis testing results:... | Emerald Publishing

Table 7.

Hypothesis testing results: negative ROA

Variables	TUL1		TUL2		TUL3
Variables	t-stat	Prob	t-stat	Prob	t-stat	Prob
C	−0.278874	0.7809	0.289009	0.7732	−1.092343	0.2773
KONS	0.931769	0.3537	1.273806	0.2057	1.198174	0.2337
FOREIGN	−1.524017	0.1307	1.630390	0.1062	1.623337	0.1077
DAR	−0.724477	0.4705	6.062412	0.0000	5.855444	0.0000
SIZE	1.813090	0.0728	−1.732590	0.0863	−1.032532	0.3043
GROWTH	−5.085657	0.0000	−3.724835	0.0003	−2.509807	0.0137
AS	0.478375	0.6334	0.737263	0.4627	0.350411	0.7268
R-squared	0.174879		0.184564		0.190574
Adj R-squared	0.129971		0.135638		0.142008
F-statistics	3.545852		3.772302		3.924050
Probability (F-stat)	0.002110		0.001991		0.001457

Variables	TUL1		TUL2		TUL3
Variables	t-stat	Prob	t-stat	Prob	t-stat	Prob
C	−0.278874	0.7809	0.289009	0.7732	−1.092343	0.2773
KONS	0.931769	0.3537	1.273806	0.2057	1.198174	0.2337
FOREIGN	−1.524017	0.1307	1.630390	0.1062	1.623337	0.1077
DAR	−0.724477	0.4705	6.062412	0.0000	5.855444	0.0000
SIZE	1.813090	0.0728	−1.732590	0.0863	−1.032532	0.3043
GROWTH	−5.085657	0.0000	−3.724835	0.0003	−2.509807	0.0137
AS	0.478375	0.6334	0.737263	0.4627	0.350411	0.7268
R-squared	0.174879		0.184564		0.190574
Adj R-squared	0.129971		0.135638		0.142008
F-statistics	3.545852		3.772302		3.924050
Probability (F-stat)	0.002110		0.001991		0.001457