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Abstract - Quest for Global Competitiveness - Universidad de Puerto ...

Abstract - Quest for Global Competitiveness - Universidad de Puerto ...

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22Table 4Effect of Adherence to <strong>Global</strong> Sustainability Gui<strong>de</strong>lines over Return on Investmentun<strong>de</strong>r Ordinary Least Squares (continued)Predictors Coefficient Standard Error t ratio p valueIO -5.54 17.55 -0.32 0.75Europe -8.91 16.12 -0.55 0.58Asia 1.44 16.08 -0.09 0.93North America -25.36 15.94 -1.59 0.11Latin America -8.95 16.68 -0.54 0.59Oceania -17.05 15.93 -1.07 0.29Caribbean 5.16 21.44 0.24 0.81LTDE 10.79 2.84 3.81 0.00 ***NCAPTA -0.18 0.08 -2.21 0.03 **NPPEPTA 0.10 0.06 1.65 0.10 *NPPET -0.06 0.04 -1.51 0.13TAT 12.87 3.56 3.62 0.00 ***TDE -10.57 2.72 -3.88 0.00 ***LTA 9.45 3.99 2.36 0.02 **Constant 22.72 22.12 1.03 0.31Note. The mo<strong>de</strong>l parameter estimates were obtained from applying the ordinary least squares regressionmethod, with return on investment (ROI) equal to (Income from continuing operations/(Common stock +Preferred stock + Long-term <strong>de</strong>bt)) x 100. There were 861 company observations, adjusted R square<strong>de</strong>qualed 0.14, and the F statistic (28, 832) was 5.86, significant at the 0.01 level. * p< 0.10, ** p< 0.05, *** p

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