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Table 4 Penal OLS regression.

From: The stock market capitalisation and financial growth nexus: an empirical study of western European countries

Variables Coefficient Std. error t-value SIg
Constant 126.3 4.762 26.52 0.000***
SMC 0.232 0.034 6.697 0.000***
GDPPG  − 2.920 0.847  − 3.448 0.000***
CPI  − 1.647 0.750  − 2.194 0.029**
FDINI 0.347 0.157 2.209 0.027**
STTR 0.093 0.031 3.002 0.002***
R-2 0.200    
Adjusted R-2 0.188    
F-value 17.70    
sig(F-value) 0.000    
Observations 360    
Cross sections included 12    
  1. Standard errors in parentheses ***p < 0.01, **p < 0.05, *p < 0.1, in all the models of the current study, the dependent variable is the DCF