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| Page | 6/8 | | Date | 29.02.2024 | | Size | 61.14 Kb. | | #63710 |
| Completed Work Demilade Omorayajo Precious chapter 3-5APPENDICES
Dependent Variable: ROA
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Method: Panel Fully Modified Least Squares (FMOLS)
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Date: 12/05/22 Time: 15:51
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Sample (adjusted): 2015 2021
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Periods included: 7
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Cross-sections included: 12
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Total panel (unbalanced) observations: 96
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Panel method: Pooled estimation
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Cointegrating equation deterministics: C
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Coefficient covariance computed using default method
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Long-run covariance estimates (Bartlett kernel, Newey-West fixed
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bandwidth)
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Variable
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Coefficient
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Std. Error
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t-Statistic
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Prob.
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CADR
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-0.003632
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0.001460
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-2.487960
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0.0154
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NPLR
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-0.186634
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0.199290
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-0.936495
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0.3524
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LLPR
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0.141732
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0.491297
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0.288485
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0.7739
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LTDR
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-0.003227
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0.005371
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-0.600766
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0.5501
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SIZE
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-0.061242
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0.018570
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-3.297829
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0.0016
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ROA(-1)
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-0.264238
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0.118400
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-2.231736
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0.0290
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R-squared
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0.460118
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Mean dependent var
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0.029026
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Adjusted R-squared
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0.425510
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S.D. dependent var
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0.049753
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S.E. of regression
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0.037710
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Sum squared resid
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0.110920
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Long-run variance
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0.001137
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CORRELATION
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ROA
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CADR
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NPLR
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LLPR
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LTDR
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SIZE
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ROA
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1
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-0.1626990863262111
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-0.2267171740052793
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-0.2181558392410306
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0.1603438109988718
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-0.2567432021501287
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CADR
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-0.1626990863262111
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1
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0.3546366174101126
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0.5479147522521651
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-0.131557264619209
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0.01142014157064927
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NPLR
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-0.2267171740052793
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0.3546366174101126
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1
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0.7614788175298298
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-0.02263301367266647
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-0.1606907868705268
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LLPR
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-0.2181558392410306
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0.5479147522521651
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0.7614788175298298
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1
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-0.09790532028940834
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-4.487309722300181e-05
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LTDR
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0.1603438109988718
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-0.131557264619209
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-0.02263301367266647
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-0.09790532028940834
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1
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-0.1370614411319444
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SIZE
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-0.2567432021501287
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0.01142014157064927
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-0.1606907868705268
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-4.487309722300181e-05
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-0.1370614411319444
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1
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UNIT ROOT TEST (AT LEVEL)
Panel unit root test: Summary
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Series: ROA
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Date: 12/05/22 Time: 15:58
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Sample: 2013 2021
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Exogenous variables: Individual effects
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User-specified lags: 1
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Newey-West automatic bandwidth selection and Bartlett kernel
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Balanced observations for each test
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Cross-
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Method
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Statistic
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Prob.**
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sections
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Obs
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Null: Unit root (assumes common unit root process)
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Levin, Lin & Chu t*
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0.52987
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0.7019
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12
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84
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Null: Unit root (assumes individual unit root process)
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Im, Pesaran and Shin W-stat
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-0.38892
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0.3487
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12
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84
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ADF - Fisher Chi-square
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24.4629
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0.4354
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12
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84
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PP - Fisher Chi-square
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83.6626
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0.0000
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12
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96
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** Probabilities for Fisher tests are computed using an asymptotic Chi
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-square distribution. All other tests assume asymptotic normality.
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Panel unit root test: Summary
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Series: CADR
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Date: 12/05/22 Time: 15:58
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Sample: 2013 2021
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Exogenous variables: Individual effects
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User-specified lags: 1
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Newey-West automatic bandwidth selection and Bartlett kernel
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Balanced observations for each test
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Cross-
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Method
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Statistic
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Prob.**
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sections
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Obs
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Null: Unit root (assumes common unit root process)
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Levin, Lin & Chu t*
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-2.99061
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0.0014
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12
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84
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Null: Unit root (assumes individual unit root process)
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Im, Pesaran and Shin W-stat
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0.32023
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0.6256
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12
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84
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ADF - Fisher Chi-square
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19.6568
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0.7161
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12
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84
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PP - Fisher Chi-square
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13.5076
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0.9570
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12
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96
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** Probabilities for Fisher tests are computed using an asymptotic Chi
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-square distribution. All other tests assume asymptotic normality.
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Panel unit root test: Summary
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Series: NPLR
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Date: 12/05/22 Time: 15:59
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Sample: 2013 2021
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Exogenous variables: Individual effects
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User-specified lags: 1
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Newey-West automatic bandwidth selection and Bartlett kernel
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Balanced observations for each test
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Cross-
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Method
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Statistic
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Prob.**
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sections
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Obs
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Null: Unit root (assumes common unit root process)
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Levin, Lin & Chu t*
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-6.66849
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0.0000
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12
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84
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Null: Unit root (assumes individual unit root process)
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Im, Pesaran and Shin W-stat
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-1.87718
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0.0302
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12
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84
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ADF - Fisher Chi-square
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40.9602
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0.0168
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12
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84
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PP - Fisher Chi-square
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21.7104
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0.5965
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12
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96
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** Probabilities for Fisher tests are computed using an asymptotic Chi
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-square distribution. All other tests assume asymptotic normality.
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Panel unit root test: Summary
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Series: LLPR
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Date: 12/05/22 Time: 15:59
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Sample: 2013 2021
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Exogenous variables: Individual effects
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User-specified lags: 1
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Newey-West automatic bandwidth selection and Bartlett kernel
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Balanced observations for each test
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Cross-
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Method
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Statistic
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Prob.**
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sections
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Obs
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Null: Unit root (assumes common unit root process)
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Levin, Lin & Chu t*
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-2.24308
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0.0124
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12
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84
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Null: Unit root (assumes individual unit root process)
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Im, Pesaran and Shin W-stat
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-0.05551
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0.4779
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12
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84
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ADF - Fisher Chi-square
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21.3509
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0.6179
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12
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84
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PP - Fisher Chi-square
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24.7399
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0.4200
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12
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96
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** Probabilities for Fisher tests are computed using an asymptotic Chi
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-square distribution. All other tests assume asymptotic normality.
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Panel unit root test: Summary
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Series: LTDR
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Date: 12/05/22 Time: 16:00
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Sample: 2013 2021
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Exogenous variables: Individual effects
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User-specified lags: 1
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Newey-West automatic bandwidth selection and Bartlett kernel
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Balanced observations for each test
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Cross-
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Method
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Statistic
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Prob.**
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sections
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Obs
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Null: Unit root (assumes common unit root process)
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Levin, Lin & Chu t*
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-7.74768
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0.0000
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12
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84
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Null: Unit root (assumes individual unit root process)
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Im, Pesaran and Shin W-stat
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-3.24182
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0.0006
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12
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84
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ADF - Fisher Chi-square
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51.9388
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0.0008
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12
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84
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PP - Fisher Chi-square
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45.0946
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0.0057
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12
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96
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** Probabilities for Fisher tests are computed using an asymptotic Chi
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-square distribution. All other tests assume asymptotic normality.
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Panel unit root test: Summary
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Series: SIZE
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Date: 12/05/22 Time: 16:00
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Sample: 2013 2021
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Exogenous variables: Individual effects
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User-specified lags: 1
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Newey-West automatic bandwidth selection and Bartlett kernel
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Balanced observations for each test
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Cross-
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Method
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Statistic
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Prob.**
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sections
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Obs
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Null: Unit root (assumes common unit root process)
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Levin, Lin & Chu t*
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-8.90141
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0.0000
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12
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84
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Null: Unit root (assumes individual unit root process)
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Im, Pesaran and Shin W-stat
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-1.59140
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0.0558
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12
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84
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ADF - Fisher Chi-square
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49.2246
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0.0018
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12
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84
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PP - Fisher Chi-square
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22.5053
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0.5491
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12
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96
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** Probabilities for Fisher tests are computed using an asymptotic Chi
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-square distribution. All other tests assume asymptotic normality.
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