Table 3 Regression result Fixed Effect... | Emerald Publishing

Table 3

Regression result

Fixed Effect Model
	Coeff	Sig
Dependent: Value Relevance
Intercept	3256.426	0.4327
BV	16.01080	0.2473
EPS	9.622809	0.0000***
Instown	52.38235	0.0453**
Conserv	2897.587	0.0522**
Instown * Conserv	−33.80165	0.1009*
Size	−699.6383	0.2424
Lev	−1622.491	0.2460
ROA	−14845.71	0.0000***
Vol	−466.5252	0.3040
F-Stat	22.31928	0.0000***
Adj. R²	0.894711

Fixed Effect Model
	Coeff	Sig
Dependent: Value Relevance
Intercept	3256.426	0.4327
BV	16.01080	0.2473
EPS	9.622809	0.0000***
Instown	52.38235	0.0453**
Conserv	2897.587	0.0522**
Instown * Conserv	−33.80165	0.1009*
Size	−699.6383	0.2424
Lev	−1622.491	0.2460
ROA	−14845.71	0.0000***
Vol	−466.5252	0.3040
F-Stat	22.31928	0.0000***
Adj. R²	0.894711

Note(s): *significant at 0.1, **significant at 0.05 ***significant at 0.01

Source(s): Processed data