(LTD GMM results
| Variables . | Coefficient . | Std. Error . | t-Statistic . | Prob . |
|---|---|---|---|---|
| PR | 0.783 | 0.085 | 9.136 | 0.000 |
| NC | 0.368 | 0.087 | 4.194 | 0.000 |
| TX | 0.689 | 0.582 | 1.183 | 0.023 |
| TA | 0.138 | 0.123 | 1.124 | 0.026 |
| LA | 0.428 | 0.023 | 18.345 | 0.000 |
| C | 153 | 977 | 1.573 | 0.115 |
| Mean Dep var | 6710342 | R-squared | 0.298 | |
| S.D Dep var | 5095907 | Adjusted R squared | 0.297 | |
| Variables . | Coefficient . | Std. Error . | t-Statistic . | Prob . |
|---|---|---|---|---|
| PR | 0.783 | 0.085 | 9.136 | 0.000 |
| NC | 0.368 | 0.087 | 4.194 | 0.000 |
| TX | 0.689 | 0.582 | 1.183 | 0.023 |
| TA | 0.138 | 0.123 | 1.124 | 0.026 |
| LA | 0.428 | 0.023 | 18.345 | 0.000 |
| C | 153 | 977 | 1.573 | 0.115 |
| Mean Dep var | 6710342 | R-squared | 0.298 | |
| S.D Dep var | 5095907 | Adjusted R squared | 0.297 | |
Note(s): LN (long term assets), NC (net cash), PR (profitability), TA (tangible assets), TX (taxes), Mean and S.D (standard deviation)