Table 2 Regression results for the... | Emerald Publishing

Table 2

Regression results for the pooled OLS estimation and random effect

DAC	Model 1		Model 2		Model 3
DAC	OLS	RE	OLS	RE	OLS	RE
Intercept	1.220(0.182)**	1.225(0.297)**	1.429(0.191)**	1.514(0.306)**	1.459(0.192)**	1.502(0.304)**
Controls
LEV	−0.263(0.063)**	−0.239(0.074)**	−0.275(0.062)**	−0.245(0.074)**	−0.284(0.062)**	−0.248(0.073)**
FS	0.005(0.011)	0.006(0.017)	0.006(0.011)	0.005(0.017)	0.006(0.011)	0.006(0.017)
FP	0.011(0.003)**	0.011(0.003)**	0.011(0.003)**	0.011(0.003)**	0.012(0.003)**	0.010(0.003)**
Independent variable
SRDI	−0.495(0.125)**	−0.558(0.162)**	−0.390(0.126)**	−0.457(0.163)**	−0.423(0.125)**	−0.419(0.163)**
Moderator
BGD	–	–	−0.533(0.159)**	−0.666(0.177)**	−0.522(0.159)**	−0.687(0.176)**
Interaction term
SRDI*BGD	–	–	–	–	−0.397(0.134)**	−0.431(0.142)**
R-squared	0.083	0.085	0.111	0.100	0.106	0.111
Observation	710	710	710	710	710	710

DAC	Model 1		Model 2		Model 3
DAC	OLS	RE	OLS	RE	OLS	RE
Intercept	1.220(0.182)**	1.225(0.297)**	1.429(0.191)**	1.514(0.306)**	1.459(0.192)**	1.502(0.304)**
Controls
LEV	−0.263(0.063)**	−0.239(0.074)**	−0.275(0.062)**	−0.245(0.074)**	−0.284(0.062)**	−0.248(0.073)**
FS	0.005(0.011)	0.006(0.017)	0.006(0.011)	0.005(0.017)	0.006(0.011)	0.006(0.017)
FP	0.011(0.003)**	0.011(0.003)**	0.011(0.003)**	0.011(0.003)**	0.012(0.003)**	0.010(0.003)**
Independent variable
SRDI	−0.495(0.125)**	−0.558(0.162)**	−0.390(0.126)**	−0.457(0.163)**	−0.423(0.125)**	−0.419(0.163)**
Moderator
BGD	–	–	−0.533(0.159)**	−0.666(0.177)**	−0.522(0.159)**	−0.687(0.176)**
Interaction term
SRDI*BGD	–	–	–	–	−0.397(0.134)**	−0.431(0.142)**
R-squared	0.083	0.085	0.111	0.100	0.106	0.111
Observation	710	710	710	710	710	710

Note(s): *p < 0.05; **indicates 5%