| Variables | MG Estimation | PMG Estimation | Hausman Test |
LR | LY | 2.4045 (0.022) | 0.7762 (0.000) |
|
ADRO | −0.5329 (0.224) | 0.4751 (0.000) | ||
ADRY | 0.8852 (0.218) | −0.0165 (0.000) | ||
LGE | 9.7306 (0.127) | 1.7269 (0.000) | ||
SR | ECT | −1.3179 (0.000) | −0.9668 (0.000) |
|
| −2.6683 (0.048) 0.7891 (0.129) | −0.9662 (0.000) 0.3045 (0.032) |
| |
| 0.3553 (0.680) −0.029 (0.986) | −0.1814 (0.818) 0.1288 (0.636) |
| |
| 0.8847 (0.363) −2.6742 (0.024) | −0.0737 (0.384) −0.4021 (0.075) |
| |
LGE | −1.9269 ((0.01) | −0.8513 (0.002) |
|