Table 11 OCIO's impact on fund... | Emerald Publishing

Table 11

OCIO's impact on fund Evaluation

Variable	test_0_flag		test_1_flag		test_2_flag		test_3_flag
Variable	(4–1)	(4–2)	(4–3)	(4–4)	(4–5)	(4–6)	(4–7)	(4–8)
intercept	−2.4335^**	−2.5857^**	−2.8388^**	−4.3917^***	−1.5677	−2.6291^*	−2.6713^***	−2.6648^**
intercept	(−2.49)	(−2.22)	(−2.46)	(−3.23)	(−1.31)	(−1.86)	(−3.13)	(−2.59)
ocio	−0.1925	−0.2542	−0.0575	−0.6507^*	−0.289	−0.7299^*	0.2801^*	0.2826
ocio	(−1.16)	(−0.84)	(−0.29)	(−1.88)	(−1.41)	(−1.94)	(1.83)	(1.06)
ocio × sf_wt		0.0017		0.0171^**		0.0124		−0.0001
ocio × sf_wt		(0.24)		(2.06)		(1.40)		(−0.01)
ln(tot_amt)	0.1178^***	0.1246^**	0.1305^***	0.1996^***	0.0946^*	0.1425^**	0.1215^***	0.1213^***
ln(tot_amt)	(2.91)	(2.52)	(2.75)	(3.48)	(1.91)	(2.38)	(3.46)	(2.78)
long_wt	−0.0020	−0.0021	−0.0031	−0.0042	−0.0016	−0.0023	−0.0015	−0.0015
long_wt	(−0.49)	(−0.51)	(−0.66)	(−0.89)	(−0.31)	(−0.45)	(−0.42)	(−0.42)
sf_wt	−0.002	−0.003	0.0014	−0.0075	−0.0063	−0.013	0.0004	0.0005
sf_wt	(−0.57)	(−0.57)	(0.32)	(−1.26)	(−1.38)	(−1.97)	(0.13)	(0.10)
Dependent variable (t−1)	0.7322^***	0.7300^***	0.7447^***	0.7156^***	0.7263^***	0.7111^***	0.5722^***	0.5723^***
Dependent variable (t−1)	(12.44)	(12.18)	(12.11)	(11.57)	(11.01)	(10.69)	(9.35)	(9.06)
adj R²	0.8047	0.8048	0.8143	0.8244	0.7090	0.7165	0.7952	0.7952
Fixed year	Y	Y	Y	Y	Y	Y	Y	Y

Variable	test_0_flag		test_1_flag		test_2_flag		test_3_flag
Variable	(4–1)	(4–2)	(4–3)	(4–4)	(4–5)	(4–6)	(4–7)	(4–8)
intercept	−2.4335^**	−2.5857^**	−2.8388^**	−4.3917^***	−1.5677	−2.6291^*	−2.6713^***	−2.6648^**
intercept	(−2.49)	(−2.22)	(−2.46)	(−3.23)	(−1.31)	(−1.86)	(−3.13)	(−2.59)
ocio	−0.1925	−0.2542	−0.0575	−0.6507^*	−0.289	−0.7299^*	0.2801^*	0.2826
ocio	(−1.16)	(−0.84)	(−0.29)	(−1.88)	(−1.41)	(−1.94)	(1.83)	(1.06)
ocio × sf_wt		0.0017		0.0171^**		0.0124		−0.0001
ocio × sf_wt		(0.24)		(2.06)		(1.40)		(−0.01)
ln(tot_amt)	0.1178^***	0.1246^**	0.1305^***	0.1996^***	0.0946^*	0.1425^**	0.1215^***	0.1213^***
ln(tot_amt)	(2.91)	(2.52)	(2.75)	(3.48)	(1.91)	(2.38)	(3.46)	(2.78)
long_wt	−0.0020	−0.0021	−0.0031	−0.0042	−0.0016	−0.0023	−0.0015	−0.0015
long_wt	(−0.49)	(−0.51)	(−0.66)	(−0.89)	(−0.31)	(−0.45)	(−0.42)	(−0.42)
sf_wt	−0.002	−0.003	0.0014	−0.0075	−0.0063	−0.013	0.0004	0.0005
sf_wt	(−0.57)	(−0.57)	(0.32)	(−1.26)	(−1.38)	(−1.97)	(0.13)	(0.10)
Dependent variable (t−1)	0.7322^***	0.7300^***	0.7447^***	0.7156^***	0.7263^***	0.7111^***	0.5722^***	0.5723^***
Dependent variable (t−1)	(12.44)	(12.18)	(12.11)	(11.57)	(11.01)	(10.69)	(9.35)	(9.06)
adj R²	0.8047	0.8048	0.8143	0.8244	0.7090	0.7165	0.7952	0.7952
Fixed year	Y	Y	Y	Y	Y	Y	Y	Y

Source(s): Author's work [Using the data in Tables 2 and 4, we performed the analysis (statistics, correlation and regression analysis)]