Table 8 Results of robust regression via the replacement of the dependent variable.
Variable | Model (9) coefficient | Model (10) coefficient | Model (11) coefficient |
|---|---|---|---|
Explained variable | \(\:\mathbf{V}\mathbf{a}\mathbf{l}\mathbf{u}\mathbf{e}\) | \(\:\mathbf{V}\mathbf{a}\mathbf{l}\mathbf{u}\mathbf{e}\) | \(\:\mathbf{V}\mathbf{a}\mathbf{l}\mathbf{u}\mathbf{e}\) |
C | 3.996 | 3.978 | 3.676 |
(19.876)*** | (19.739)*** | (16.974)*** | |
Cr1 | -0.225 | 0.011 | -0.181 |
(-3.441)*** | (0.056) | (-2.742)*** | |
Cr1^2 | -0.375 | ||
(-1.289) | |||
RD | 0.027 | ||
(3.985)*** | |||
Size | 0.622 | 0.621 | 0.601 |
(30.336)*** | (30.229)*** | (28.453)*** | |
Growth | 0.023 | 0.023 | 0.024 |
(5.165)*** | (5.177)*** | (5.286)*** | |
lev | 0.127 | 0.131 | 0.131 |
(3.889)*** | (3.989)*** | (4.018)*** | |
roe | 0.024 | 0.024 | 0.026 |
(2.445)** | (2.415)** | (2.643)*** | |
Observations | 3147 | 3147 | 3145 |
R-squared | 0.959 | 0.959 | 0.959 |
F-statistic | 90.572*** | 90.458*** | 90.920*** |
Hausman Test | Fixed | Fixed | Fixed |
