From: Financial performance of shipping firms that increase LNG carriers and the support of eco-innovation
Model | 34 Firms | 15 Firms | ||||
---|---|---|---|---|---|---|
ROA | ROE | ER | ROA | ROE | ER | |
Intercept | 0.0215 (0.337) | −0.0632 (−0.238) | 0.1370 (1.340) | 0.3082*** (3.471) | −1.3803 (−1.454) | 0.2153*** (3.446) |
‘lngratio’ | 0.0063* (1.851) | 0.0796** (2.371) | −0.0312*** (−2.789) | −0.4571*** (−6.333) | 0.2135 (0.421) | −0.2060*** (−6.048) |
Liquidity | −0.0037 (−1.463) | −0.0139 (−0.492) | 0.0021 (0.523) | −0.0852*** (−3.673) | − 0.1788 (−0.607) | 0.0005 (0.047) |
gasoil | −0.0000 (−0.001) | 0.0448 (0.187) | 0.0054 (0.057) | 0.2251*** (4.321) | 1.2964 (1.341) | −0.0073 (−0.185) |
fratio | −0.0004 (−0.008) | 0.0992 (0.768) | −0.0162 (−0.208) | −0.0642 (−0.253) | − 0.4021 (− 0.750) | 0.0023 (0.130) |
R2 | 0.024 | 0.016 | 0.071 | 0.793 | 0.394 | 0.867 |
Industry fixed effect | Yes | Yes | Yes | Yes | Yes | Yes |