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Vision Hydrogen Corp 2021 Present Report 8

Since the anticipated theoretical relationship between ROEi,t and WCFi,t−1 is nonlinear, the square of WCFi,t−1 is added to the mannequin. The optimistic and negative effects of short-term financing can be decided through the use of WCFi,t−1 and the sq. of WCFi,t−1. The SIZEi,t−1 variable measures the natural logarithm of complete assets, and it’s added to the mannequin in order to management the agency size. GROWTHi,t−1 shows the expansion in gross sales and is calculated by dividing the distinction between gross sales in yr t and in 12 months t−1 to the sales in year t−1.

Kelebek Enfleda

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