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Future Business Journal

Table 5 Diagnostics test for ROE model

From: Impact of financing decisions ratios on firm accounting-based performance: evidence from Jordan listed companies

Test

Method

Model 1

Model 2

Model 3

Heteroscedasticity

MWBP/CW χ2− value

8.47**/ 6.58**

7.83**/ 5.27*

5.10**/ 5.01**

Autocorrelation

Wooldridge F-statistic:

8.77**

5.38*

6.01*

CD dependence

Pesaran Test statistic:

2.48**

2.07*

2.12*

Multicollinearity

Mean VIF

1.57

1.378

1.67

  1. *Indicates Significance level 0.05 and ** Indicates Significance level 0.01
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