Table 9 Model considering all the... | Emerald Publishing

Table 9

Model considering all the significant variables

Variable	Random effects	Dummies country
R²_	−0.0117^***	−0.0125^***
Assets10	0.0007	0.0009
ROAPER	0.0447^***	0.0448^***
ROAPERsq	−0.0003^**	−0.0003^**
Return_	0.0578^***	0.0595^***
Logassets	0.0031	0.0005
LossDev_	0.0442	0.0487
NetflowTA	0.2153	0.1939
Largeblend	0.2142	0.2658^*
Largegrowth	−0.0193	0.0781
Largevalue	0.2777^**	0.3299^***
_cons	0.000	0.0482
N	227	−0.4151^*
r2_o	0.7173	−1.8306^***

Variable	Random effects	Dummies country
R²_	−0.0117^***	−0.0125^***
Assets10	0.0007	0.0009
ROAPER	0.0447^***	0.0448^***
ROAPERsq	−0.0003^**	−0.0003^**
Return_	0.0578^***	0.0595^***
Logassets	0.0031	0.0005
LossDev_	0.0442	0.0487
NetflowTA	0.2153	0.1939
Largeblend	0.2142	0.2658^*
Largegrowth	−0.0193	0.0781
Largevalue	0.2777^**	0.3299^***
_cons	0.000	0.0482
N	227	−0.4151^*
r2_o	0.7173	−1.8306^***

Note(s): See Tables 5 and 7