Dependent Variable: RETURN_ON_AVERAGE_ASSETS

Method: Panel Least Squares

Date: 03/15/17 Time: 13:12

Sample: 2008 2015

Periods Included: 8

Cross-Sections Included: 6

Total Panel (Balanced) Observations: 48

White Cross-Section Standard Errors & Covariance (d.f. Corrected)

Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

5.316621

1.166040

4.559552

0.0001

LOGCOSTINCRA

−2.842124

0.424332

−6.697881

0.0000

LOGTOTCAPITRATIO

1.897028

0.373915

5.073422

0.0000

LOGIMP

−0.406702

0.126815

−3.207048

0.0027

LOGLOANASSET

−3.958331

1.148668

−3.446019

0.0014

Effects Specification

Cross-section fixed (dummy variables)

R-squared

0.824155

Mean dependent var

2.101438

Adjusted R-squared

0.782507

S.D. dependent var

0.535285

S.E. of regression

0.249636

Akaike info criterion

0.245425

Sum squared resid

2.368087

Schwarz criterion

0.635259

Log likelihood

4.109791

Hannan-Quinn criter.

0.392744

F-statistic

19.78881

Durbin-Watson stat

1.842217

Prob (F-statistic)

0.000000