European Proceedings Logo

Stock Valuations and Share Prices of Malaysian Palm Oil Companies

Table 7: Regression Analysis of Small Cap Sample Before and During COVID-19

Dependent Variable: LNSPMethod: Panel EGLS (Two-way random effects)Date: 10/30/21Time: 02:36Sample: 2019Q1 2020Q1Periods included: 5Cross-sections included: 6Total panel (balanced) observations: 30Swamy and Arora estimator of component variances Dependent Variable: LNSPMethod: Panel EGLS (Two-way random effects)Date: 10/30/21Time: 02:34Sample: 2020Q2 2021Q2Periods included: 5Cross-sections included: 6Total panel (balanced) observations: 30Swamy and Arora estimator of component variances
Variable Coefficient Std. Error t-Statistic Prob. Variable Coefficient Std. Error t-Statistic Prob.
C -0.374555 0.332607 -1.126118 0.2704 C -0.785643 0.580664 -1.353008 0.1877
PE -0.000452 0.000493 -0.916441 0.3679 PE 0.002053 0.001407 1.459263 0.1877
PB 0.701073 0.155809 4.499571 0.0001 PB 1.205494 0.169205 7.124467 0.0000
EV TO EBITDA 0.003855 0.005456 0.706491 0.4862 EV TO EBITDA -0.011035 0.012464 -0.885354 0.3841
Effects Specification Effects Specification
S.D. Rho S.D. Rho
Cross-section random 0.810410 0.9866 Cross-section random 1.007157 0.9968
Period random 0.000000 0.0000 Period random 0.000000 0.0000
Idiosyncratic random 0.094574 0.0134 Idiosyncratic random 0.056718 0.0032
Weighted Statistics Weighted Statistics
R-squared 0.516905 Mean dependant var 0.020337 R-squared 0.793079 Mean dependant var 0.009697
Adjusted R-squared 0.461163 S.D. dependant var 0.113782 Adjusted R-squared 0.769203 S.D.dependant var 0.148882
S.E. of regression 0.083522 Sum squared resid 0.181374 S.E. of regression 0.071525 Sum squared resid 0.133011
F-statistic 9.273208 Durbin-Watson stat 1.004331 F-statistic 33.21722 Durbin-Watson stat 1.112311
Prob (F-statistic) 0.000242 Prob (F-statistic) 0.000000
Unweighted Statistics Unweighted Statistics
R-squared -0.059132 Mean dependant var 0.390215 R-squared 0.126856 Mean dependant var 0.385145
Sum squared resid 8.018451 Durbin-Watson stat 0.022718 Sum squared resid 11.72312 Durbin-Watson stat 0.012620
< Back to article

We care about your privacy

We use cookies or similar technologies to access personal data, including page visits and your IP address. We use this information about you, your devices and your online interactions with us to provide, analyse and improve our services. This may include personalising content or advertising for you. You can find out more in our privacy policy and cookie policy and manage the choices available to you at any time by going to ‘Privacy settings’ at the bottom of any page.

Manage My Preferences

You have control over your personal data. For more detailed information about your personal data, please see our Privacy Policy and Cookie Policy.

These cookies are essential in order to enable you to move around the site and use its features, such as accessing secure areas of the site. Without these cookies, services you have asked for cannot be provided.

Third-party advertising and social media cookies are used to
(1) deliver advertisements more relevant to you and your interests;
(2) limit the number of times you see an advertisement;
(3) help measure the effectiveness of the advertising campaign; and
(4) understand people’s behavior after they view an advertisement.
They remember that you have visited a site and quite often they will be linked to site functionality provided by the other organization. This may impact the content and messages you see on other websites you visit.