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

Future Business Journal

Table 5 Panel data analysis with ROE as the dependent variable

Variables	Pooled OLS		Fixed effects		Random effects
Variables	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