Table 1 Durbin–Wu–Hausman test results... | Emerald Publishing

Table 1

Durbin–Wu–Hausman test results

Correlated random effects – Hausman test
Test cross-section random effects
Test summary	Chi-sq. statistic	Chi-sq. d.f	Prob
Cross-section random	44.034935	3	0.0000

Cross-section random effects test comparisons
Variable	Fixed	Random	Var (Diff.)	Prob
Market Cap	0.005097	−0.034551	0.000746	0.1466
Turnover	−0.102374	−0.166617	0.001197	0.0633
Value Traded	0.050190	0.110328	0.001151	0.0763

Cross-section random effects test comparisons
Variable	Fixed	Random	Var (Diff.)	Prob
Market Cap	0.005097	−0.034551	0.000746	0.1466
Turnover	−0.102374	−0.166617	0.001197	0.0633
Value Traded	0.050190	0.110328	0.001151	0.0763

Source(s): Results generated by authors