Based on the following output tables, write all the panel data regression models...
Table A:
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Dependent Variable: PAYOUT_RATIO |
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Method: Panel Least Squares |
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Variable |
Coefficient |
Std. Error |
t-Statistic |
Prob.  |
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FOREIGN_DIRECTORS |
158.8968 |
14.70223 |
10.80766 |
0.0000 |
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  FEMALE_DIRECTORS |
-4.463537 |
36.09961 |
-0.123645 |
0.9023 |
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C |
3.143324 |
5.364327 |
0.585968 |
0.5618 |
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Effects Specification |
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Cross-section fixed (dummy variables) |
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R-squared |
0.876583 |
    Mean dependent var |
38.31686 |
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Adjusted R-squared |
0.840284 |
    S.D. dependent var |
59.89422 |
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S.E. of regression |
23.93641 |
    Akaike info criterion |
9.397265 |
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Sum squared resid |
19480.36 |
    Schwarz criterion |
9.838894 |
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Log-likelihood |
-200.4385 |
    Hannan-Quinn criter. |
9.561900 |
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F-statistic |
24.14892 |
    Durbin-Watson stat |
2.351257 |
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Prob(F-statistic) |
0.000000 |
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Table B:
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Dependent Variable: PAYOUT_RATIO |
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Method: Panel EGLS (Cross-section random effects) |
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Variable |
Coefficient |
Std. Error |
t-Statistic |
Prob.  |
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FOREIGN_DIRECTORS |
149.4722 |
13.70889 |
10.90330 |
0.0000 |
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   FEMALE_DIRECTORS |
17.75043 |
33.50407 |
0.529799 |
0.5990 |
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C |
3.114584 |
11.32865 |
0.274930 |
0.7847 |
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Effects Specification |
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S.D.  |
Rho  |
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Cross-section random |
30.12334 |
0.6130 |
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Idiosyncratic random |
23.93641 |
0.3870 |
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Weighted Statistics |
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R-squared |
0.749393 |
    Mean dependent var |
12.83031 |
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Adjusted R-squared |
0.737459 |
    S.D. dependent var |
47.65187 |
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S.E. of regression |
24.41623 |
    Sum squared resid |
25038.40 |
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F-statistic |
62.79640 |
    Durbin-Watson stat |
1.869314 |
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Prob(F-statistic) |
0.000000 |
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Table C:
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Correlated Random Effects - Hausman Test |
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Test cross-section random effects |
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Test Summary |
Chi-Sq. Statistic |
Chi-Sq. d.f. |
Prob. |
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Cross-section random |
3.700706 |
2 |
0.1572 |
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