| ROE Model (Fixed Effect Result) | ROE Model (Random Effect Result) |
C | 3.672 (0.004)*** | 1.075 (0.021)** |
Cosize | 0.086 (0.006)*** | 0.021 (0.056)* |
Codilig | −0.066 (0.004)*** | −0.051 (0.02)** |
Cocomp | −0.151 (0.589) | −0.302 (0.076)* |
Coexpert | 0.170 (0.16) | 0.009 (0.88) |
Cogend | 0.017 (0.717) | −0.04 (0.35) |
ERM | 0.022 (0.413) | 0.0559 (0.034)** |
Lev | 0.029 (0.081)* | 0.016 (0.179) |
Fs | −0.146 (0.005)*** | −0.023 (0.14) |
F-statistics | 3.03 (0.0101)*** | 40.46 (0.0000)*** |
R-squared | 0.395 | 0.24 |
Hausman Test | Prob > chi2 = 0.13 |