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Table 7 Financial performance of 29 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 ROA ROE ER
Intercept −0.0121
(−0.267)
−0.3772**
(−2.523)
0.149***
(2.974)
lngratio 0.0033
(0.428)
0.0974***
(2.659)
−0.0455***
(−6.274)
liquidity −0.0007***
(−4.996)
−0.0014***
(−2.577)
0.0004
(1.493)
gasoil 0.0229
(0.539)
0.277**
(2.117)
0.0084
(0.197)
experience 0.0029***
(4.717)
0.010*
(1.818)
−0.0005
(−0.411)
R2 0.111 0.058 0.174
Industry fixed effect Yes Yes Yes
Year fixed effect Yes Yes Yes
  1. Notes: 1 ***, **, and * denote statistical significance at the 1%, 5%, and 10% levels respectively. t-values are in parentheses
  2. Source: Authors