From: Financial performance of shipping firms that increase LNG carriers and the support of eco-innovation
Model | ROA | ROA | ROE | ROE | ER | ER |
---|---|---|---|---|---|---|
Intercept | 0.3844** (2.248) | 0.1453 (1.265) | 0.5885** (2.548) | 0.326*** (2.725) | 0.0543** (2.397) | 0.0245*** (2.750) |
lngratio | −0.5236*** (−3.495) | −0.2423*** (−3.365) | −0.3717* (−1.995) | − 0.2414** (−2.258) | −0.0615*** (− 2.758) | − 0.0235** (− 2.325) |
liquidity | 0.0250*** (3.742) | 0.0280*** (3.835) | 0.0042 (1.647) | 0.0060** (2.390) | −0.0014** (−2.326) | −0.0010** (− 2.575) |
gasoil | 0.1834 (1.608) | 0.1138 (1.208) | −0.0239 (−0.170) | 0.0281 (0.275) | 0.0198* (2.202) | 0.0107 (1.503) |
lngprice | −0.0032 (−1.458) | −0.0062 (−1.560) | − 0.0001 (−0.685) | |||
Trace Stats (p-value) | 11.3862 (> 0.05) | 32.9791 (> 0.05) | 25.8671 (> 0.01) | 19.6201 (> 0.10) | 10.8242 (> 0.05) | 29.1211 (> 0.01) |
R2 | 0.742 | 0.704 | 0.093 | 0.090 | 0.172 | 0.092 |
Industry fixed effect | Yes | Yes | Yes | Yes | Yes | Yes |
Year fixed effect | Yes | Yes | Yes | Yes | No3 | No3 |