Fig 1.
Conceptual framework of the study.
Table 1.
Summary of Variables Measurements.
Table 2.
Descriptive Statistics of Variables.
Table 3.
Pairwise Correlation Analysis: ROA as a firm financial performance proxy.
Table 4.
Pairwise Correlation Analysis: ROE as a firm financial performance proxy.
Table 5.
Summary of Regression Results for The GMM Estimator.