Table 5

Pooled OLS results

ROACoefficientStandard error
Lag1.ROA0.534***0.009
TDTA−0.058***0.034
TANG−0.036***0.006
FRS0.0010.006
CTOR−0.007***0.001
PHCI−0.002**0.001
FAGE−0.011***0.002
CONSTANT0.111***0.014
R20.396 
Adj R20.395 
F-statistic778.44 
Prob > F0.000*** 
No. of observations14,036 

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

Source(s): Own elaboration

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