Stages/Variables | D1 Rxh (ROA) | D2 Rxh (ROA) | D3 Rxh (ROA) |
Rxh (−1) t-statistic/prob | 1.192802 (11.6941) | 1.181909 (11.3730) | 1.180452 (11.2860) |
Rxh (−2) t-statistic/prob | −0.498869 (−4.80181) | −0.508717 (−4.90596) | −0.505046 (−4.86550) |
UFUND (−1) t-statistic/prob | 0.000375 (0.27367)** | 0.000475 (0.34679)* | 0.000496 (0.36222)* |
UFUND (−2) t-statistic/prob | 7.28E−05 (0.05422)** | −0.000235 (−0.17055)* | −0.000266 (−0.19428) |
LogCash (−1) t-statistic/prob | 0.044377 (1.02737)** | 0.051160 (1.16521)** | 0.051993 (1.18858)** |
LogCash (−2) t-statistic/prob | −0.062252 (−1.55781)** | −0.060663 (−1.62149)** | −0.065590 (−1.74167)** |
MRR (−1) t-statistic/prob | −0.465590 (−0.18775) | −0.742531 (−0.34552) | −0.265686 (−0.12412) |
MRR (−2) t-statistic/prob | 1.203834 (0.48602) | 1.562558 (0.86103) | 1.705136 (0.78311) |
D (−1) | −0.055736 (−0.19573) | 0.023343 (0.12551) | −0.039853 (−0.15904) |
D (−2) | 0.041824 (0.15855) | −0.081528 (−0.45215) | 0.117433 (−0.15904) |
C | 0.072092 (0.24384) | −0.025193 (−0.08612) | −0.087139 (−0.27549) |
R-squared | 0.688398 | 0.922416 | 0.955520 |
Adj R-squared | 0.646851 | 0.912071 | 0.949589 |
Sum sq. residuals | 0.608711 | 1.645504 | 0.930981 |
Akaike A/C | −1.857067 | −0.862609 | −1.432173 |
Schwarz SC | −1.543139 | −0.548681 | −1.118244 |