Skip to main content

Table 13 Model 4: pooled least square method (LSM), used observations—393. Full sample 2011–2017

From: Correlation-and-regression analysis of the influence of macroeconomic factors on capital structure of Russian corporations under crisis conditions

  Beta Std.Err. t(383) p level
const 3.36416 1.533761 2.19341 0.028879
GTA 0.54321 0.214579 2.53153 0.011756
NFATA 0.44213 0.262626 1.68350 0.093093
ROA 2.84035 0.912990 3.11105 0.002004
IPA − 0.26461 0.235937 − 1.12155 0.262758
CL − 0.02483 0.028262 − 0.87864 0.380146
FR − 1.58386 0.889357 − 1.78091 0.075720
GDPG 0.05916 0.077392 0.76445 0.445071
INFL − 0.06318 0.062300 1.01407 0.311192
SMC − 0.02532 0.029447 − 0.85971 0.390485
Multiple R 0.86074496
R2 0.74088189
Adjusted R2 0.73479295
F (6,386) 121.6767
Standard error of estimate 3.036943054
Durbin-Watson d 1.125324
Serial Corr. 0.436948
  1. Source: Authoring