Table 5 Stock return performance of 22 listed shipping firms that extended into LNG carrier business
From: Financial performance of shipping firms that increase LNG carriers and the support of eco-innovation
Model | Returns | Returns |
|---|---|---|
Intercept | 0.0616** (2.516) | 0.0444*** (5.170) |
lngratio | 0.0015*** (3.446) | 0.0037*** (2.762) |
liquidity | 0.0024** (2.059) | 0.0024* (1.777) |
leverage | 0.0010*** (3.707) | 0.0010*** (7.847) |
size | −0.0003 (−0.333) | |
efficiency ratio | −0.0149 (−1.305) | |
VIX | −0.0028*** (−4.782) | − 0.0028*** (−4.847) |
Trace Stats | 25.6681 (> 0.01) | 7.1432 (> 0.10) |
R2 | 0.040 | 0.035 |
Industry fixed effect | Yes | Yes |
Year fixed effect | Yes | Yes |