Table A1 Non-linearity tests for... | Emerald Publishing

Table A1

Non-linearity tests for structural model

QE terms	ROA		MAC
Endogenous variables	Coef.	t-stats	Coef.	t-stats
AC composition	0.047	1.599	0.008	0.324
Asset turnover	−0.103 f ² = 0.052	4.231***	−0.021	1.418
Firm size	0.015 f ² = 0.043	1.191***	−0.045 f ² = 0.014	2.435**
Leverage	0.050 f ² = 0.102	3.168***	0.009	0.582

QE terms	ROA		MAC
Endogenous variables	Coef.	t-stats	Coef.	t-stats
AC composition	0.047	1.599	0.008	0.324
Asset turnover	−0.103 f ² = 0.052	4.231***	−0.021	1.418
Firm size	0.015 f ² = 0.043	1.191***	−0.045 f ² = 0.014	2.435**
Leverage	0.050 f ² = 0.102	3.168***	0.009	0.582

Note(s): ***p < 0.01, **p < 0.05, *p < 0.1

Source(s): Authors' computation