Table 7.
Generalized linear regression in high-risky regions.
| Dependent variable | REG | ROA | ROE | ATO |
|---|---|---|---|---|
| C | 0.001038 | 0.018164 | −0.012264* | −0.0031527 |
| COVID-19 | −0.045867*** | −0.006243*** | −0.072545*** | −0.005436*** |
| DHR | −0.008682** | −0.004853** | −0.004421** | −0.001488** |
| COVID-19*DHR | −0.005859*** | 0.004915*** | 0.004926*** | 0.005387*** |
| CC | 0.003120*** | 0.002384*** | 0.002819*** | 0.002072*** |
| CSR | 0.001942* | 0.001209* | 0.002247* | 0.001529* |
| Liquidity | −0.00193 | 0.002742* | 0.000450* | −0.000556 |
| CCC | −0.001134* | −0.001787 | −0.002452 | −0.001249* |
| Capital structure | −0.000133 | −0.000329* | −0.002246* | −0.001397 |
| State ownership | −0.002019* | −0.001292 | 0.000329 | 0.002417 |
| Size | 0.001324 | 0.000412* | 0.000412* | 0.000513 |
| F-statistics | 97.43421*** | 39.98565*** | 58.26957*** | 95.67289*** |
***
is 0.01 significance level;
**
is 0.05 significance level;
*
is 0.1 significance level (Cross-section weights and white cross-section covariance method).