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Future Business Journal

Table 3 Panel data analysis results with ROA as the dependent variable

From: Impact of corporate social responsibility on organization’s financial performance: evidence from Maldives public limited companies

Variables Pooled OLS Fixed effects Random effects
Coefficient P value Coefficient P value Coefficient P value
Community 0.0594373 0.625 − 0.0772663 0.428 − 0.0293367 0.711
Diverse − 0.4039215 0.013 − 0.4967378 0.044 − 0.3545431 0.044*
Environment − 0.5042016 0.005 − 0.0879446 0.584 − 0.1405709 0.321
Work 0.4358209 0.007 0.1663909 0.284 0.2344171 0.065
Constant 0.2204 0.3501 0.2162
R-squared 0.3540 0.0026 0.2568
P value (F) 0.0230 0.1425 0.0944
F-test       
Chi-square    19.46   
P value    0.0000   
Lagrange multiplier test       
Chi-square 26.39     
P value 0.0000     
Hausman test       
Chi-square      1.12
P value      0.8919
  1. The result is evaluated based on a 95% level of significance
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