Table 3 Robust fixed effect model regression results.
Fixed-effects (within) regression | Number of observation | = | 530 | |||
Group variable: MFI_ID | Number of groups | = | 106 | |||
R-square | Observation Per group: | |||||
Within | = | 0.3199 | Minimum | = | 5 | |
Between | = | 0.0295 | Average | = | 5.0 | |
Overall | = | 0.0591 | Maximum | = | 5 | |
F(11, 105) | = | 11.84 | ||||
Corr(u_i, xb) | = | −0.7472 | Prob > F | = | 0.0000 | |
Std. Err. adjusted for 106 clusters in MFI_ID | ||||||
ROA | Coef. | Robust Std. Err. | t | P> |t| | [95% Conf. Interval] | |
A1 | .0302867 | .0468258 | 0.65 | 0.519 | −.0625603 | .1231337 |
A2 | .1953518 | .0253721 | 7.70 | 0.000 | .1450436 | .2456599 |
A3 | −.1664721 | .2070479 | −0.80 | 0.423 | −.5770098 | .2440656 |
A4 | .0895985 | .0679194 | 1.32 | 0.190 | −.0450731 | .2242701 |
L1 | −.0709093 | .0399866 | −1.77 | 0.79 | −.1501953 | .0083768 |
L2 | −.184754 | .0518144 | −3.57 | 0.001 | −.2874924 | −.0820156 |
L3 | −.2365634 | .0884599 | −2.67 | 0.009 | −.4119631 | −.0611638 |
L4 | .08409 | .0458165 | 1.84 | 0.069 | −.0067556 | .1749356 |
Log_TA | .0574495 | .014056 | 4.09 | 0.000 | .0295791 | .0853199 |
INF | −.0016057 | .0011968 | −1.34 | 0.183 | −.0039787 | .0007674 |
GNIPC | −.0009666 | .0010578 | −0.91 | 0.363 | −.003064 | .0011307 |
_cons | −.9939745 | .2366211 | −4.20 | 0.000 | −1.46315 | −.5247985 |
sigma_u | .11234075 | |||||
sigma_e | .05688419 | |||||
rho | .79592844 | (fraction of variance due to u_i ) | ||||