Table 4

Regression statistics for relative information content of sample independent variables

Regression modelR2Adjusted R2F-statisticsp-valueAICDurbin–Watson
1. PAT0.5260.49818.8270.0001.5291.408
2. EPS0.5500.52320.7790.0001.4761.487
3. ROA0.5340.50719.5090.0001.5101.446
4. ROE0.5360.50919.6620.0001.5061.442
5. ROI0.5350.50719.5320.0001.5091.442
6. EVA0.5280.50019.0320.0001.5231.411

Note(s): Significant at 5% level; PAT: profit after tax; EPS: earnings per share; ROA: return on assets; ROE: return on equity; ROI: return on investment and EVA: economic value added

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