PANEL REGRESSION

1. Effect of company specific variables on debt level

Sample data of 150 companies from steel sector was taken of years 2010-2019
and effect of working capital ,direct tax,interest expense,PAT was seen on debt
level.It was found that WC ,PAT,Interest expense has positive effect on debt level
and tax is negatively related with debt.

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PANEL REGRESSION

1. 150 companies of steel sector is selected 2010-2019

2. Debt is taken as dependent variable,working capital,tax,interest expense,PAT are independent
variables
3. Correlation is ran between variables and VIF is checked to see amount of multicollinearity
4. Serial correlation with xtserial and beursch pagan test for heteroskedasticity are ran
5. Hausman test is run to check whether fixed effects or random effects model is present
6. GLS regression is ran to remove autocorrelation and heteroskedasticity from model