Table 6 Time-series determinates of...

Table 6

Time-series determinates of entropy pricing

Statistics	$δ_{0}$	$μ_{E_{t} [{I E}_{i, t + T}]}$	$σ_{E_{t} [{I E}_{i, t + T}]}$	${s k e w}_{E_{t} [{I E}_{i, t + T}]}$	${k u r t}_{E_{t} [{I E}_{i, t + T}]}$	$R_{p r e d, t}^{2}$
Estimations	0.31 (0.08)	−0.37 (−0.23)	−0.96 (−0.40)	−1.28 (−0.46)	2.09 (1.82)^***	−1.79 (−0.74)
N = 3100 firms		R² = 0.34

Statistics	$δ_{0}$	$μ_{E_{t} [{I E}_{i, t + T}]}$	$σ_{E_{t} [{I E}_{i, t + T}]}$	${s k e w}_{E_{t} [{I E}_{i, t + T}]}$	${k u r t}_{E_{t} [{I E}_{i, t + T}]}$	$R_{p r e d, t}^{2}$
Estimations	0.31 (0.08)	−0.37 (−0.23)	−0.96 (−0.40)	−1.28 (−0.46)	2.09 (1.82)^***	−1.79 (−0.74)
N = 3100 firms		R² = 0.34

Note(s): This table presents the outcomes of Equation (17). To ensure accuracy, we have adjusted the standard errors of this model to consider the generated regressors as per Pagan (1984) and Shanken (1992), along with the time-series correlation methods outlined by Newey and West (1987). The symbol *** indicates that the results are statistically significant at the 10% level

Source(s): Created by the author

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