F-Limer and Hausman tests
| F-Limer test statistics | Hausman test statistics | ||
|---|---|---|---|
| F | |||
| Jones (1991) | 61.9647*** | 12.0327 | 2.4731 |
| Modified Jones (Dechow et al., 1995) | 70.6418*** | 8.6487 | 3.9645 |
| Kasznik (1999) | 63.7921*** | 7.9678 | 2.7764 |
| Kothari et al. (2005) | 79.7965*** | 8.1364 | 2.1279 |
| F-Limer test statistics | Hausman test statistics | ||
|---|---|---|---|
| 61.9647*** | 12.0327 | 2.4731 | |
| Modified Jones ( | 70.6418*** | 8.6487 | 3.9645 |
| 63.7921*** | 7.9678 | 2.7764 | |
| 79.7965*** | 8.1364 | 2.1279 | |
Note(s): *, ** and *** indicate significance at the 10, 5 and 1% levels, respectively
Source(s): Authors' own calculations