EPS

Tobin’s Q

Variable

Fixed Effect

Random Effect

Hausman Test

Fixed Effect

Random Effect

Hausman Test

C

Prob

C

Prob

C

Prob

C

Prob

Constant

27.68

0.1091

28.496

0.0986

0.999

1.1313

0.0007

1.111

0.0009

0.999

Firm Size

−0.9

0.2938

−0.949

0.2667

−0.09

0

−0.089

0

S.T.D

−6.52

0.3178

−6.476

0.32

2.3869

0

2.394

0

Industry

1.712

0.8237

1.5824

0.8369

−0.239

0.1055

−0.237

0.1085

Average VD

−16.7

0.4621

−16.21

0.4766

1.0112

0.0213

1.003

0.0223