Correlated Random Effects—Hausman Test Equation: United Test period random effects | ||||
Test Summary | Chi-Sq. Statistics | Chi-Sq. d.f. | Prob. | |
Period Random | 0.000000 | 8 | 1.0000 | |
*Period test variance is invalid. Hausman statistic set to zero **WARNING: estimated period random effects variance is zero Period random effects test comparisons: | ||||
Variable | Fixed | Random | Var (Diff.) | Prob. |
AQ_CG | 0.261478 | 0.262261 | 0.000210 | 0.9570 |
BS_CG | 0.055606 | 0.059017 | 0.000011 | 0.2988 |
CDLTY_CG | 0.067771 | 0.077369 | 0.000059 | 0.2128 |
IND_CG | 0.022535 | 0.022203 | 0.000000 | 0.4984 |
INSH_CG | 0.185175 | 0.201269 | 0.000122 | 0.1453 |
LEVRG | −0.027539 | −0.012963 | 0.000320 | 0.4151 |
LISH_CG | 0.013942 | 0.016741 | 0.000003 | 0.1115 |
TMSH_CG | 0.005947 | 0.002962 | 0.000009 | 0.3297 |
Period random effects test equation: Dependent Variable: ROA FP Method: Panel Least Squares Sample 2009-2018 Periods included: 10 Cross-sections included: 7 Total panel (unbalanced) observations: 68 | ||||
Variable | Coefficient | Std. Error | t-statistics | Prob. |
C | 0.512316 | 2.686086 | 0.190730 | 0.8495 |
AQ_CG | 0.261478 | 0.140776 | 1.857414 | 0.0691 |
BS_CG | 0.055606 | 0.027688 | 2.008326 | 0.0500 |
CDLTY_CG | 0.067771 | 0.136055 | 0.498112 | 0.6206 |
IND_CG | 0.022535 | 0.005042 | 4.469856 | 0.0000 |
INSH_CG | 0.185175 | 0.046054 | 4.020866 | 0.0002 |
LEVRG | −0.027539 | 0.027391 | −1.005409 | 0.3195 |
LISH_CG | 0.013942 | 0.007170 | 1.944515 | 0.0575 |
TMSH_CG | 0.005947 | 0.006547 | 0.908326 | 0.3681 |
Effects specification | ||||
Period fixed (dummy variables) | ||||
R-squared | 0.625759 | Mean dependent var | 1.336912 | |
Adjusted R-squared | 0.498517 | S.D. dependent var | 0.449515 | |
S.E. of regression | 0.318326 | Akaike info criterion | 0.770445 | |
Sum squared resid | 5.066571 | Schwarz criterion | 1.357962 | |
Log likelihood | −8.195142 | Hannan-Quinn criter | 1.003237 | |
F-statistic | 4.917864 | Durbin-Watson stat | 0.879559 | |
Prob(F-statistic) | 0.000005 |
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