Skip to main content

Table 5 Panel data analysis with ROE 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 0.2177328 0.253 − 0.1643036 0.564 0.1082614 0.600
Diverse − 0.2837918 0.236 − 1.293394 0.071 − 0.4526823 0.216
Environment − 0.673637* 0.013 − 0.3812424 0.419 − 0.6360807 0.069
Work 0.2768203 0.236 0.1379779 0.759 0.3988235 0.203
Constant 0.3561 1.1281 0.4138
R-squared 0.2506 0.0013 0.1976
P value (F) 0.1122 0.1696 0.2156
F-test    
Chi-square   2.55  
P value   0.0610  
Lagrange multiplier test    
Chi-square 0.94   
P value 0.1662   
  1. The result is evaluated based on a 95% level of significance