Table 7 Estimation results Panel pooled... | Emerald Publishing

Table 7

Estimation results

Panel pooled estimation Time series length: 6 Dependent variable (Y): ld_EF Robust HAC estimation
	Coefficient	St. dev.	t-student	p-value
const	0.182559	0.0483942	3.772	0.0036***
ld_ exp_long_term	−1.31900	0.435889	−3.026	0.0128**
ld_med_staff	−1.12161	0.212049	−5.289	0.0004***
ld_death_copd	0.0528789	0.183610	0.2880	0.7792
ld_num_wlist	−0.576100	0.219187	−2.628	0.0252**
ld_acc	0.551036	0.120137	4.587	0.0010***
ld_profit	0.0946474	0.0399435	2.370	0.0393**
ld_ebitda	0.177038	0.173510	1.020	0.3316

Panel pooled estimationTime series length: 6Dependent variable (Y): ld_EFRobust HAC estimation
	Coefficient	St. dev.	t-student	p-value
const	0.182559	0.0483942	3.772	0.0036***
ld_ exp_long_term	−1.31900	0.435889	−3.026	0.0128**
ld_med_staff	−1.12161	0.212049	−5.289	0.0004***
ld_death_copd	0.0528789	0.183610	0.2880	0.7792
ld_num_wlist	−0.576100	0.219187	−2.628	0.0252**
ld_acc	0.551036	0.120137	4.587	0.0010***
ld_profit	0.0946474	0.0399435	2.370	0.0393**
ld_ebitda	0.177038	0.173510	1.020	0.3316

Note(s): VIF < 10.0

R² = 0.6435

Residuals normality test, χ² = 4.806 with p-value = 0.9044 (df = 2)

Significance levels: α = 0.10*, 0.05**, 0.01***, df – degrees of freedom

Source(s): Own elaboration