Panel EGLS regression results: elimination of loss-making firms
| Variable | Unstandardised coefficient | Robust standard error | t-statistic |
|---|---|---|---|
| IRSCORE | −0.0856 | 0.2594 | −0.329903 |
| LEV | 0.0356*** | 0.0067 | 5.257065 |
| ROA | 3.4296*** | 0.6028 | 5.688751 |
| CAPEXR | −2.1177*** | 0.4798 | −4.413089 |
| LNASSETS | −0.5614*** | 0.0658 | −8.527722 |
| SALESG | 0.0352* | 0.0193 | 1.823466 |
| DIV | 0.3115*** | 0.1173 | 2.655216 |
| INDSENS | 0.1128 | 0.0812 | 1.390181 |
| N | 498 | ||
| D-W statistic | 1.5559 | ||
| R2 | 0.4619 | ||
| Adjusted R2 | 0.4551 | ||
| F-statistic | 27.5877*** | ||
| Variable | Unstandardised coefficient | Robust standard error | |
|---|---|---|---|
| −0.0856 | 0.2594 | −0.329903 | |
| 0.0356 | 0.0067 | 5.257065 | |
| 3.4296 | 0.6028 | 5.688751 | |
| −2.1177 | 0.4798 | −4.413089 | |
| −0.5614 | 0.0658 | −8.527722 | |
| 0.0352 | 0.0193 | 1.823466 | |
| 0.3115 | 0.1173 | 2.655216 | |
| 0.1128 | 0.0812 | 1.390181 | |
| 498 | |||
| D-W statistic | 1.5559 | ||
| 0.4619 | |||
| Adjusted | 0.4551 | ||
| 27.5877 | |||
***, ** and * denote significance at the 1, 5 and 10% levels, respectively