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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