Results of the lag-dependent variable
| Methods/Estimators | Coefficient (Lag1.ROA) |
|---|---|
| Pooled OLS | 0.534 |
| Fixed-effect | 0.738 |
| One-step difference GMM | 0.373 |
| Two-step difference GMM | 0.391 |
| One-step system GMM | 0.233 |
| Two-step system GMM | 0.255 |
| Methods/Estimators | Coefficient (Lag1.ROA) |
|---|---|
| Pooled OLS | 0.534 |
| Fixed-effect | 0.738 |
| One-step difference GMM | 0.373 |
| Two-step difference GMM | 0.391 |
| One-step system GMM | 0.233 |
| Two-step system GMM | 0.255 |
Source(s): Own elaboration
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