Table 6 ARDL test results
From: The influence of intellectual capital on organizational performance
| Â | Coefficient | t-Statistic | P value | Â | Coefficient | t-Statistic | P value |
|---|---|---|---|---|---|---|---|
| Â | ROA Dependent variable | Â | OM Dependent variable | ||||
| Â | Long-run estimations | ||||||
IC |  − 0.4938 |  − 5.3888*** | 0.0017 | IC |  − 0.2836 |  − 0.8656 | 0.4200 |
LLTL |  − 0.0875 |  − 1.1556 | 0.2918 | LLTL |  − 1.4123 |  − 2.0539* | 0.0858 |
SETA | 0.5593 | 5.2073*** | 0.0020 | SETA |  − 0.1096 |  − 0.2589 | 0.8044 |
TLTA | 0.2558 | 6.1782*** | 0.0008 | TLTA | 1.0216 | 2.5415** | 0.0440 |
|  | Short − run estimations | ||||||
ECT(-1)* |  − 1.3423 |  − 19.0897*** | 0.0000 | ECT(− 1)* |  − 0.5862 |  − 8.6101*** | 0.0001 |
ROA(-1) |  − 0.3423 |  − 2.8927** | 0.0276 | OM(− 1) | 0.4138 | 1.5888 | 0.1632 |
IC | 0.0589 | 0.3676 | 0.7258 | IC |  − 0.1663 |  − 0.7996 | 0.4544 |
IC(-1) |  − 0.7217 |  − 3.9492*** | 0.0075 | LLTL |  − 0.3304 |  − 1.5221 | 0.1788 |
LLTL |  − 0.1175 |  − 1.1373 | 0.2988 | LLTL(− 1) |  − 0.4975 |  − 3.0218** | 0.0233 |
SETA | 0.7508 | 6.2076*** | 0.0008 | SETA |  − 0.0642 |  − 0.2721 | 0.7947 |
TLTA | 0.3434 | 6.6567*** | 0.0006 | TLTA | 0.5988 | 4.3369*** | 0.0049 |