Table V. Regression analysis results:... | Emerald Publishing

Table V.

Regression analysis results: Model 2 (A and B) for financial performance and CEE

Variables	ROA		ROE
Variables	Coefficient	t-statistic	Coefficient	t-statistic
Constant	−0.039	−2.677	−0.048	−1.884
CEE	0.749	10.849***	0.637	8.317***
SIZE	−0.006	−0.089	0.047	0.599
LEVERAGE	0.116	1.649	0.196	2.508**
Adjusted R²	0.598		0.504
F value	46.042***		31.786***

Variables	ROA		ROE
Variables	Coefficient	t-statistic	Coefficient	t-statistic
Constant	−0.039	−2.677	−0.048	−1.884
CEE	0.749	10.849***	0.637	8.317***
SIZE	−0.006	−0.089	0.047	0.599
LEVERAGE	0.116	1.649	0.196	2.508**
Adjusted R²	0.598		0.504
F value	46.042***		31.786***

Notes:

*** significant at 0.01 level; ** significant at 0.05