Dependent Variable: | DR 1 | DR 2 | ||
Panel Least Squares | Panel Least Squares | Panel Least Squares | Panel Least Squares | |
TA | 0.0163*** | 0.0116** | 1.35E−09** | 5.01E−10 |
(2.948) | (1.969) | (2.373) | (0.838) | |
TAN | 0.091 | 0.092 | 0.129 | 0.043 |
(1.176) | (1.202) | (1.623) | (1.689) | |
PR | −0.0005 | −0.0005 | −0.009 | −0.008 |
(−0.995) | (−0.958) | (−1.587) | (−1.541) | |
MTB | −0.0004 | −0.003 | −0.008 | −0.0007 |
(−0.0800) | (−0.072) | (−0.154) | (−0.143) | |
DEF | 0.00485** | 8.08E−09*** | ||
(2.263) | (4.015) | |||
No of Obs | 490 | 490 | 490 | 490 |
F-Test | 18.401*** | 18.402*** | 32.658*** | 33.606*** |
R square | 0.763 | 0.766 | 0.851 | 0.856 |
Durbin-Watson stat | 1.121 | 1.126 | 1.059 | 1.092 |
Hausman Test | 10.1461** | 11.700** | 14.846** |