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Analyzing the Factors Affecting Capital Structure of Property Companies in Malaysia

Table 3: Summary of analysis

Model 1 Model 2 Model 3
POLS Random Effect Fixed Effect
Asset structure -0.2830* -0.3291* -0.0343*
Profitability -0.1385* -0.0512 -0.0347
Company size 0.0229* 0.0183* 0.0150
Liquidity -0.0372* -0.0218* -0.0173*
Constant 0.4173* 0.4596* 0.5032*
R-square 0.2084 0.3252
F-stat 0.000 0.0005
BP-LM test 128.83*
Hausman Fixed test 7.26
Mean VIF 1.04 1.04 1.04
Heteroscedasticity test 8.93*
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