Using S.T. Leverage

ROA

ROS

MCAP

Variable

C

Std. Error

t- Statistic

Prob

Effect

c

Std. Error

t- Statistic

Prob

Effect

c

Std. Error

t- Statistic

Prob

Effect

C

−0.3

0.077

−3.953

0.0001

−2.68

0.572

−4.700

0

12.

0.7

17.7

0

FIRM_SIZE

0.029

0.003

7.498

0

Insignificant Positive

0.17

0.028

6.066

0

significant Positive

0.30

0.0

8.5

0

significant Positive

Leverage

−0.4

0.029

−13.89

0

significant Negative

−0.77

0.216

−3.596

0.00

significant Negative

−0.

0.2

−1.

0.12

Insignificant negative

INDUSTRY

0.0

0.034

2.855

0.00

significant Positive

0.27

0.255

1.0705

0.2

Insignificant Positive

−0.07

0.3

−0.

0.822

Insignificant negative

AVERAGE_VD

−0.3

0.102

−3.409

0.00

significant Negative

−1.35

0.756

−1.793

0.07

Insignificant negative

2.0

0.9

2.20

0.028

significant Positive

R-squared

0.4

Mean dependent var

0.0

0.12

Mean dependent var

−0.03

0.2

Mean dependent var

19.77

Adjusted R-squared

0.4

S.D. dependent var

0.1

0.11

S.D. dependent var

0.97

0.25

S.D. dependent var

1.326

S.E. of regression

0.1

Akaike info criterion

−1.31

0.91

Akaike info criterion

2.6

1.14

Akaike info criterion

3.125

Sum squared resid

4.8

Schwarz criterion

−1.2595

266

Schwarz criterion

2.739325

416.

Schwarz criterion

3.184

Log likelihood

217

Hannan- Quinn criter.

−1.2

−426

Hannan- Quinn criter.

2.704113

−498.1

Hannan- Quinn criter.

3.149

F-statistic

54

Durbin- Watson stat

0.934

11.0

Durbin- Watson stat

1.596898

28.29

Durbin- Watson stat

0.57

Prob(F-statistic)

0

0

0

0

EPS

Tobin’s Q

Variable

C

Std. Error

t-Statistic

Prob

Effect

C

Std. Error

t-Statistic

Prob

Effect

C

28.49

17.22

1.654355

0.099

1.111

0.328645

3.380528

0.0008

FIRM_SIZE

−0.949

0.854

−1.1112

0.2673

Insignificant negative

−0.089

0.016296

−5.457785

0

significant negative

Leverage

−6.47

6.5109

−0.994682

0.3206

Insignificant negative

2.394

0.124227

19.26833

0

significant Positive

INDUSTRY

1.582

7.6895

0.205788

0.8371

Insignificant Positive

−0.237

0.146713

−1.61777

0.1067

Insignificant negative

AVERAGE_VD

−16.2

22.771

−0.711715

0.4772

Insignificant Positive

1.003

0.434479

2.308706

0.0216

significant Positive

R-squared

0.0126

Mean dependent var

−0.70627

0.544

Mean dependent var

0.528979

Adjusted R-squared

0.0001

S.D. dependent var

27.62165

0.539

S.D. dependent var

0.775733

S.E. of regression

27.61

Akaike info criterion

9.490304

0.527

Akaike info criterion

1.572034

Sum squared resid

2418

Schwarz criterion

9.548915

88.03

Schwarz criterion

1.630645

Log likelihood

−1522

Hannan-Quinn criter.

9.513704

−248.1

Hannan-Quinn criter.

1.595434

F-statistic

1.014

Durbin-Watson stat

1.499682

94.65

Durbin-Watson stat

0.857801

Prob(F-statistic)

0.400

0