Table III Regression results ROA I II... | Emerald Publishing

Table III

Regression results

	ROA
	I	II	III	IV
Constant	−0.042	−0.027	−0.04	0.008
FOB	0.082**	0.262***	0.098	0.087
FOB²	−0.078**	−0.629**	0.095	−0.082
FOB³		0.384**		0.007
FOB×Gen1			0.279**	0.427**
FOB×Gen2			0.149	−0.236
FOB×Gen3			0.154	0.301
FOB²×Gen1			−0.260**	−0.893**
FOB²×Gen2			−0.123	−0.469
FOB²×Gen3			−0.155	−0.605
FOB³×Gen1				0.491*
FOB³×Gen2				0.259
FOB³×Gen3				0.310
Gen1	0.043**	0.043**	0.023	0.017
Gen2	0.017	0.014	−0.001	−0.02
Gen3	0.016	0.012	0.009	0.001
GO	−0.048	−0.002*	−0.002*	−0.001
Lev	−0.083***	−0.090***	−0.103***	−0.097***
Size	0.009***	0.007**	0.008**	0.007**
Age	0.032	0.006	0.003	0.006
F-value	3.93***	4.02***	3.21	2.74
R²	0.15	0.17	0.18	0.19

	ROA
	I	II	III	IV
Constant	−0.042	−0.027	−0.04	0.008
FOB	0.082**	0.262***	0.098	0.087
FOB²	−0.078**	−0.629**	0.095	−0.082
FOB³		0.384**		0.007
FOB×Gen1			0.279**	0.427**
FOB×Gen2			0.149	−0.236
FOB×Gen3			0.154	0.301
FOB²×Gen1			−0.260**	−0.893**
FOB²×Gen2			−0.123	−0.469
FOB²×Gen3			−0.155	−0.605
FOB³×Gen1				0.491*
FOB³×Gen2				0.259
FOB³×Gen3				0.310
Gen1	0.043**	0.043**	0.023	0.017
Gen2	0.017	0.014	−0.001	−0.02
Gen3	0.016	0.012	0.009	0.001
GO	−0.048	−0.002*	−0.002*	−0.001
Lev	−0.083***	−0.090***	−0.103***	−0.097***
Size	0.009***	0.007**	0.008**	0.007**
Age	0.032	0.006	0.003	0.006
F-value	3.93***	4.02***	3.21	2.74
R²	0.15	0.17	0.18	0.19

Notes: *,**,***Significant at the 10, 5 and 1 percent levels, respectively