Dependent Variable: ROA

Method: Panel Least Squares

Date: 06/10/18 Time: 13:07

Sample (adjusted): 2014 2017

Periods included: 4

Cross-sections included: 22

Total panel (unbalanced) observations: 70

Variable

Coefficient

Std. Error

t-Statistic

Prob.

CEO_DUALITY

−0.053777

0.040781

−1.318689

0.1922

BOARD_SIZE

−0.008374

0.007887

−1.061803

0.2925

BOD_MEETINGS

0.002351

0.003414

0.688651

0.4937

IND

−0.004481

0.064598

−0.069375

0.9449

GENDER_DIVERSITY

0.162940

0.195487

0.833507

0.4078

C

0.119273

0.092478

1.289744

0.2020

R-squared

0.067063

Mean dependent var

0.069056

Adjusted R-squared

−0.055290

S.D. dependent var

0.130737

S.E. of regression

0.134303

Akaike info criterion

−1.057921

Sum squared resid

1.100269

Schwarz criterion

−0.768829

Log likelihood

46.02724

Hannan-Quinn criter.

−0.943090

F-statistic

0.548112

Durbin-Watson stat

2.982442

Prob (F-statistic)

0.815524