Table 7 Panel variance decomposition
Impulse variable SP | Forecast horizon | ESUR | BVPS | |
|---|---|---|---|---|
0 | 0 | 0 | ||
1 | 0 | 0 | ||
2 | 0.310 | 0.530 | ||
3 | 0.174 | 0.498 | ||
4 | 0.222 | 0.417 | ||
5 | 0.169 | 0.395 | ||
6 | 0.165 | 0.371 | ||
7 | 0.168 | 0.408 | ||
8 | 0.158 | 0.404 | ||
9 | 0.150 | 0.404 | ||
10 | 0.155 | 0.390 |
Impulse variable SP | Forecast horizon | EPS | FSIZE | CFO |
|---|---|---|---|---|
0 | 0 | 0 | 0 | |
1 | 1 | 0 | 0 | |
2 | 0.130 | 0.0022 | 0.130 | |
3 | 0.321 | 0.006 | 0.037 | |
4 | 0.355 | 0.010 | 0.055 | |
5 | 0.372 | 0.014 | 0.683 | |
6 | 0.3766 | 0.014 | 0.331 | |
7 | 0.379 | 0.0187 | 0.077 | |
8 | 0.381 | 0.0211 | 0.084 | |
9 | 0.383 | 0.025 | 0.093 | |
10 | 0.383 | 0.030 | 0.096 |