Energy | Coefficient Std. Error | −8.851n.s 10.516 | 0.946n.s 3.576 | 0.410n.s 3.461 |
Healthcare | Coefficient Std. Error | 3.251n.s 13.990 | −1.562n.s 4.713 | −1.196n.s 4.565 |
IT | Coefficient Std. Error | −8.876n.s 10.356 | −1.826n.s 3.504 | −2.251n.s 3.392 |
Metal | Coefficient Std. Error | −11.881n.s 10.615 | −2.628n.s 3.616 | −3.145n.s 3.499 |
Pharmaceutical | Coefficient Std. Error | −12.160n.s 10.219 | −1.363n.s 3.461 | −2.112n.s 3.351 |
Services | Coefficient Std. Error t-Statistic Prob. | −5.130n.s 10.525
| −0.421n.s 3.552
| −0.711n.s 3.438
|
| Cross-Section Random | {9.332386} [0.6294] | {2.985032} [0.2768] | {2.951882} [0.3034] |
| Period Random | _ | {3.414900} [0.3623] | {3.217414} [0.3605] |
| Idiosyncratic Random | {7.161847} [0.3706] | {3.408263} [0.3609] | {3.106601} [0.3361] |
| Adjusted R-Squared | 0.239735 | 0.030439 | 0.047920 |
| F-statistic | 11.27977 (0.000000) | 2.023455 (0.002294) | 2.640805 (0.000026) |