Sensitivity analysis (2/3)
| Variables | Coefficients | t-statistics | [95% confidence interval] |
|---|---|---|---|
| Panel (a) | |||
| ROS/MOT | 0.78 | 1.82* | –0.06 to 1.61 |
| ROS/L | –7.03 | –5.95*** | –9.35 to –4.17 |
| ROS/stdTA | 8.14 | 1.94 | –0.06 to 16.34 |
| ROS/dy1 | 0.90 | 1.59 | –0.21 to 2.01 |
| ROS/dy2 | 0.42 | 0.76 | –0.68 to 1.53 |
| Intercept | –2.49 | −0.79 | –8.64 to 5.99 |
| No. of obs. | 228 | ||
| R2 | 84.41% | ||
| Panel (b) | |||
| ROS/OI | 1.12 | 2.29** | 0.16 to 2.08 |
| ROS/L | –7.06 | –6.01*** | –9.37 to –4.76 |
| ROS/stdTA | 7.54 | 1.80* | –0.67 to 15.76 |
| ROS/dy1 | 0.99 | 1.75* | –0.12 to 2.10 |
| ROS/dy2 | 0.57 | 0.99 | –0.55 to 2.10 |
| Intercept | –4.34 | –1.28 | –10.99 to 2.32 |
| No. of obs. | 228 | ||
| R2 | 84.54% | ||
| Panel (c) | |||
| ROS/CG | 0.74 | 1.75* | –0.08 to 1.58 |
| ROS/L | –6.97 | 5.88*** | –9.30 to –4.65 |
| ROS/stdTA | 8.44 | 2.02** | 0.27 to 16.62 |
| ROS/dy1 | 0.91 | 1.60 | –0.21 to 2.03 |
| ROS/dy2 | 0.45 | 0.79 | –0.66 to 1.56 |
| Intercept | –1.27 | −0.46 | –6.66 to 4.11 |
| No. of obs. | 228 | ||
| R2 | 84.40% | ||
| Panel (d) | |||
| ROS/SPS | 1.15 | 2.52** | 0.26 to 2.06 |
| ROS/L | –6.84 | –5.80*** | –9.15 to –4.53 |
| ROS/stdTA | 6.85 | 1.62 | –1.42 to 15.12 |
| ROS/dy1 | 1.01 | 1.80* | –0.09 to 2.13 |
| ROS/dy2 | 0.52 | 0.93 | –0.58 to 1.62 |
| Intercept | –4.69 | –1.41 | –11.19 to 1.81 |
| No. of obs. | 228 | ||
| R2 | 84.62% | ||
| Variables | Coefficients | t-statistics | [95% confidence interval] |
|---|---|---|---|
| Panel (a) | |||
| 0.78 | 1.82 | –0.06 to 1.61 | |
| –7.03 | –5.95 | –9.35 to –4.17 | |
| 8.14 | 1.94 | –0.06 to 16.34 | |
| 0.90 | 1.59 | –0.21 to 2.01 | |
| 0.42 | 0.76 | –0.68 to 1.53 | |
| –2.49 | −0.79 | –8.64 to 5.99 | |
| 228 | |||
| 84.41% | |||
| Panel (b) | |||
| 1.12 | 2.29 | 0.16 to 2.08 | |
| –7.06 | –6.01 | –9.37 to –4.76 | |
| 7.54 | 1.80 | –0.67 to 15.76 | |
| 0.99 | 1.75 | –0.12 to 2.10 | |
| 0.57 | 0.99 | –0.55 to 2.10 | |
| –4.34 | –1.28 | –10.99 to 2.32 | |
| 228 | |||
| 84.54% | |||
| Panel (c) | |||
| 0.74 | 1.75 | –0.08 to 1.58 | |
| –6.97 | 5.88 | –9.30 to –4.65 | |
| 8.44 | 2.02 | 0.27 to 16.62 | |
| 0.91 | 1.60 | –0.21 to 2.03 | |
| 0.45 | 0.79 | –0.66 to 1.56 | |
| –1.27 | −0.46 | –6.66 to 4.11 | |
| 228 | |||
| 84.40% | |||
| Panel (d) | |||
| 1.15 | 2.52 | 0.26 to 2.06 | |
| –6.84 | –5.80 | –9.15 to –4.53 | |
| 6.85 | 1.62 | –1.42 to 15.12 | |
| 1.01 | 1.80 | –0.09 to 2.13 | |
| 0.52 | 0.93 | –0.58 to 1.62 | |
| –4.69 | –1.41 | –11.19 to 1.81 | |
| 228 | |||
| 84.62% | |||
Notes:
(***) denotes regression coefficients statistically significant at 1% level; (**) denotes correlation coefficient statistically significant at 5% level; (*) denotes correlation coefficient statistically significant at 10% level
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