Home / Vietnam Stock

The impact of internal factors on forecasting the profitability of food processing enterprises listed on the Vietnamese stock market - 24


| Robust

ROE(t+4) | Coef. Std. Err. tP>|t| [95% Conf. Interval]

-------------+------------------------------------ ----------------------------

ROE | -.1801332 .1120667 -1.61 .116 -.4068095 .0465431

ACCR** | -.052146 .0231594 -2.25 .030 -.0989903 -.0053016

TAGR** | .0039372 .0018674 2.11 .041 .0001599 .0077145

D | -.0249719 .1249551 -0.20 0.843 -.2777175 .2277737


NWC |

-.0527056

.0521333

-1.01

0.318

-.1581551

.0527438

lnTA |

.0021606

.0171096

0.13

0.900

-.0324467

.0367679

Div*** |

.0021233

.0002863

7.42

0.000

.0015441

.0027024

Maybe you are interested!

The impact of internal factors on forecasting the profitability of food processing enterprises listed on the Vietnamese stock market - 24

|

t |


2005

|

.0261369

.0661513

0.40

0.695

-.1076667

.1599405

2006

|

.0840339

.0763697

1.10

0.278

-.0704385

.2385063

2007

|

.0776264

.0782902

0.99

0.328

-.0807304

.2359831

2008

|

-.0401646

.0934238

-0.43

0.670

-.2291321

.148803

2009

|

-.0786684

.0852295

-0.92

0.362

-.2510613

.0937245

2010 | .002036 .088821 .02 .982 -.1776214 .1816934

2011

|

.0422252

.0877634

0.48

0.633

-.1352931

.2197435

2012

|

-.0608982

.0865329

-0.70

0.486

-.2359276

.1141312

2013

|

-.0510146

.085947

-0.59

0.556

-.2248589

.1228296

_cons

|

.1715328

.179982

0.95

0.346

-.1925153

.5355808

-------------+------------------------------------ ----------------------------

sigma_u | .13121533

sigma_e | .16742488

rho | .38050857 (fraction of variance due to u_i)

-------------------------------------------------- ----------------------------

k = 5


Fixed-effects (within) regression Number of obs =

244

Group variable: IDCode Number of groups =

R-sq: Obs per group:

39

within = 0.1242 min = 1

between = 0.0161 avg = 6.3



overall = 0.0424 max = 9

F(15,38) = 736.61

corr(u_i, Xb) = -0.2599 Prob > F = 0.0000

(Std. Err. adjusted for 39 clusters in IDCode)

-------------------------------------------------- ----------------------------

| Robust

ROE(t+5) | Coef. Std. Err. tP>|t| [95% Conf. Interval]

-------------+------------------------------------ ----------------------------


ROE | -.147973 .1332675

-1.11 0.274 -.4177589 .1218129

ACCR** | .0956018 .03544

2.70 0.010 .0238573 .1673463

TAGR | -.0004739 .0020357

-0.23 0.817 -.0045949 .0036471

D | -.0091513 .1430474

-0.06 0.949

-.2987357

.2804331

NWC | .0455247 .0469151

0.97 0.338

-.0494498

.1404993

lnTA** | .0337157 .0172482 1.95 .058 -.0012016 .0686329

Div*** | .0012872 .0003978 3.24 .003 .000482 .0020924

t |


2005

|

.1236018

.0418658

2.95

0.005

.0388489

.2083547

2006

|

.0301241

.0457494

0.66

0.514

-.0624908

.122739

2007

|

-.0671914

.0630616

-1.07

0.293

-.1948529

.0604701

2008

|

-.0773444

.0651543

-1.19

0.243

-.2092424

.0545536

2009

|

-.0152269

.0494354

-0.31

0.760

-.1153037

.0848499

2010

|

.0143321

.0594362

0.24

0.811

-.1059902

.1346543

2011

|

-.0406822

.0610992

-0.67

0.510

-.1643711

.0830067

2012

|

-.0179568

.0696987

-0.26

0.798

-.1590545

.1231409

_cons

|

-.2998461

.2142259

-1.40

0.170

-.7335237

.1338316

-------------+------------------------------------ ----------------------------

sigma_u | .13547772

sigma_e | .18311342

rho | .35374973 (fraction of variance due to u_i)

---------------------------------------------


k = 6

Fixed-effects (within) regression Number of obs = 212

Group variable: IDCode Number of groups = 38

R-sq: Obs per group:


within = 0.0373

min =

1

between = 0.2521

avg =

5.6

overall = 0.1313

max =

11

F(7,37) = 0.38

corr(u_i, Xb) = 0.2573 Prob > F = 0.9101 (Std. Err. adjusted for 38 clusters in IDCode)

| Robust


F6.ROE Coef. Std. Err.

t

P>|t|

[95% Conf.

Interval]

ROE 0.21996 0.18923

1.16

0.253

-0.1634577

0.6033833

ACCR-0.01810 0.06259

-0.29

0.774

-0.1449102

0.1087177

TAGR-0.00160 0.00348

-0.46

0.649

-0.0086453

0.0054496

D -0.13867 0.13745

-1.01

0.32

-0.4171747

0.1398353

NWC -0.05471 0.06091

-0.9

0.375

-0.1781193

0.0687041

lnTA 0.00475 0.01672

0.28

0.778

-0.029122

0.0386307

DIV 0.00724 0.01472

0.49

0.626

-0.0225889

0.0370769

_cons 0.10598 0.24710

0.43

0.67

-0.3946925

0.6066545

-------------+------------------------------------ ----------------------------


sigma_u | .10904528

sigma_e | .1548163

rho | .33160116 (fraction of variance due to u_i)


-------------------------------------------------- ----------------------------


APPENDIX 3


Variance inflation factor VIF in testing models


Group of models testing short-term ROA impact


k=1

k=2

k=3

k=4

ROA

1.28

1.28

1.28

1.3

ACCR

1.13

1.12

1.12

1.13

TAGR

1.07

1.07

1.07

1.08

D

1.14

1.15

1.15

1.15

NWC

1.33

1.33

1.35

1.36

lnTA

1.23

1.23

1.23

1.22

entropy

1.22

1.23

1.23

1.23

Medium

1.2

1.2

1.21

1.21

Group of models testing short-term ROE impact


k=1

k=2

k=3

k=4

ROE

1.93

1.58

2.25

1.23

ACCR

1.58

1.44

1.23

1.19

TAGR

1.04

1.04

1.04

1.07

D

1.08

1.08

1.08

1.08

NWC

1.3

1.16

1.97

1.04

lnTA

1.24

1.24

1.24

1.23

entropy

1.17

1.17

1.17

1.18

Medium

1.33

1.25

1.43

1.14

Group of models testing long-term ROA impact


k=1

k=2

k=3

k=4

k=5

ROA

1.33

1.29

1.21

1.23

1.2

ACCR

2.93

3.03

3.19

3.33

3.7

TAGR

1.2

1.21

1.23

1.24

1.19

D

1.18

1.18

1.19

1.26

1.22

NWC

2.22

2.25

2.45

2.5

2.63

lnTA

3.32

3.45

3.62

3.79

4.17

DIV

2.13

2.13

2.25

2.3

2.59

Medium

2.04

2.08

2.16

2.24

2.39

Group of models testing long-term ROE impact


k=1

k=2

k=3

k=4

k=5

ROE

1.42

1.34

1.32

1.45

1.38

ACCR

1.27

1.28

1.3

1.31

1.33

TAGR

1.24

1.25

1.26

1.29

1.22

D

1.41

1.45

1.48

1.58

1.47

NWC

1.35

1.3

1.32

1.46

1.36

lnTA

1.35

1.39

1.46

1.54

1.43

DIV

1.16

1.14

1.09

1.08

1.06

Medium

1.31

1.31

1.32

1.39

1.32

Comment


Agree Privacy Policy *