| OLS | POLS | FE | RE |
---|---|---|---|---|
DOW | 0.268* | 0.268** | 0.258 | 0.316** |
IOW | 0.518*** | 0.517*** | 0.307 | 0.460*** |
FOW | 0.967*** | 0.966*** | 0.839*** | 0.930*** |
ROA | − .174 | − 0.174 | 0.013 | 0.048 |
AGE | − .006*** | − .005*** | 0.013** | 0.0005 |
LEV | − .005 | 0.016 | − 0.001 | 0.0004 |
BS | .016*** | 0.016*** | 0.005 | 0.114** |
Constant | 0.394*** | 0.393*** | 0.034 | 0.203 |
R2 | 0.575 | 0.33 | 0.790 | 0.115 |
Adj. R2 | 0.302 | 0.30 | 0.736 | 0.07 |
F-statistic | 11.493*** | 11.49*** | 14.529*** | 3.03** |
DW-statistic | 0.824 | 0.503 | 1.42 | 1.187 |
SS(between) | – | – | 0.0003 | 0.3172 |
SS(within) | – | – | 0.114 | 0.0647 |