Hi,
I have a regression where I have return on assets as the dependent variable, and a set of dummy variables, and accounting variables as the independent variables. I run this regression in STATA and get a coefficient of 8.5 for the dummy variable "wealth". (Mening the person owning the company is wealthy). My question is, does this mean that wealth effects ROA by 8.5% or by 8.5 percentage points?
Thank you!
I have a regression where I have return on assets as the dependent variable, and a set of dummy variables, and accounting variables as the independent variables. I run this regression in STATA and get a coefficient of 8.5 for the dummy variable "wealth". (Mening the person owning the company is wealthy). My question is, does this mean that wealth effects ROA by 8.5% or by 8.5 percentage points?
Thank you!
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