Dependent Variable: Q_RATIO

Method: Panel Least Squares

Sample (adjusted): 2014 2017

Periods included: 4

Cross-sections included: 9

Total panel (unbalanced) observations: 21

Variable

Coefficient

Std. Error

t-Statistic

Prob.

CEO_DUALITY

−3.054493

1.898977

−1.608494

0.1337

BOARD_SIZE

−0.886427

0.646950

−1.370163

0.1957

BOD_MEETINGS

0.612056

0.196569

3.113700

0.0090

IND

3.694221

5.872432

0.629078

0.5411

GENDER_DIVERSITY

−5.441188

12.43723

−0.437492

0.6695

R-squared

0.742556

Mean dependent var

2.045238

Adjusted R-squared

0.570927

S.D. dependent var

4.528180

S.E. of regression

2.966123

Akaike info criterion

5.309915

Sum squared resid

105.5746

Schwarz criterion

5.757568

Log likelihood

−46.75411

Hannan-Quinn criter.

5.407067

F-statistic

4.326520

Durbin-Watson stat

1.911740

Prob (F-statistic)

0.011635