数据是1210个企业4年的数据,样本总量是4840,但是自己做面板分析每次出来的结果都是4839个样本量,显示非平衡面板,自己在从EXCEL复制数据的时候肯定是没问题的,有没有大神晓得是什么原因?
Dependent Variable: CASH?
Method: Pooled Least Squares
Date: 02/16/17 Time: 21:08
Sample: 2012 2015
Included observations: 4
Cross-sections included: 1210
Total pool (unbalanced) observations: 4839
Variable Coefficient Std. Error t-Statistic Prob.
CF? 0.465106 0.027588 16.85927 0.0000
DONA? -0.000270 0.000235 -1.148063 0.2510
DONCF? -0.014313 0.002536 -5.644630 0.0000
ASSET? -0.000841 0.000142 -5.909547 0.0000
TOBINQ? -0.000452 0.000501 -0.902207 0.3670
STD? 0.211466 0.009485 22.29570 0.0000
NCW? 0.496424 0.009344 53.12709 0.0000
EXP? -0.152769 0.021905 -6.974123 0.0000
R-squared 0.432732 Mean dependent var -0.003705
Adjusted R-squared 0.431910 S.D. dependent var 0.103258
S.E. of regression 0.077828 Akaike info criterion -2.266988
Sum squared resid 29.26206 Schwarz criterion -2.256268
Log likelihood 5492.977 Hannan-Quinn criter. -2.263224
Durbin-Watson stat 2.083751


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