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 |