Table 9.
Generalized linear regression in Hubei effects.
| Dependent variable | REG | ROA | ROE | ATO |
|---|---|---|---|---|
| C | 0.001244 | −0.001048 | −0.002693 | −0.001257 |
| COVID-19 | −0.004351*** | −0.002538*** | −0.002713*** | −0.000144*** |
| DHB | −0.000676** | −0.000530** | −0.000354** | −0.00472** |
| COVID-19*DHB | −0.005134*** | −0.003976*** | −0.002628*** | −0.004751*** |
| CC | 0.000385** | 0.000279** | 0.000281** | 0.000298** |
| CSR | 0.000152* | 0.000169* | 0.000193* | 0.0000129* |
| Liquidity | −0.001926 | 0.001123* | 0.001186* | −0.001174 |
| CCC | −0.001134* | −0.001422 | −0.002242 | −0.001327* |
| Capital structure | −0.002681 | −0.001917* | −0.001638* | −0.002438 |
| State ownership | −0.000334* | 0.00223 | 0.000192 | 0.000539 |
| Size | 0.002431 | 0.001354* | 0.000847* | 0.001182 |
| F-statistics | 99.83116*** | 58.64263*** | 53.03872*** | 97.34183*** |
***
is 0.01 significance level;
**
is 0.05 significance level;
*
is 0.1 significance level (cross-section weights and white cross-section covariance method).