Impact of capital structure on financial performance of oil and gas firms in Nigeria

Future Business Journal

Table 3 Results of static panel data analysis

Variables	Pooled OLS			Fixed effects model			Random effects model
Variables	Coef	Std. error	P-value	Coef	Std. error	P-value	Coef	Std. error	P-value
C	0.118047	0.093330	0.2123	− 0.403899	0.221889	0.0778	0.118047	0.093330	0.2123
SDTA	− 0.208373	0.193684	0.2876	0.773829	0.450861	0.0955	− 0.208373	0.193684	0.2876
LDTA	− 0.128486	0.092646	0.1722	− 0.221931	0.120975	0.0465	− 0.128486	0.092646	0.1722
TDTE	0.033001	0.025008	0.1935	0.047559	0.031341	0.1387	0.033001	0.025008	0.1935
R-square	0.447254			0.391453			0.338742
Adj R-square	0.404856			0.371254			0.294046
Prob (F-stat)	0.162229			0.038874			0.162229
Durbin Watson	2.008529			2.047759			2.008529