The Earnings Management Strategy of List Companies in Pearl River Delta Region of China Based on Complex Network Theory

Table 4

The findings of Hausman test.

(b)	(B)	(b − B)	Sqrt (diag (V_b − V_B))
	FE	RE	Difference	SE
	−4011297	−4649495	638197.9	878663.8
	0.0166332	0.0012328	0.0154003	0.0024575
	−0.0082575	−0.0105319	0.0022744	0.0156202
	0.8303778	0.8395955	−0.0092176	0.004411
	−0.0031594	−0.0078637	0.0047043	0.0068185
	−0.0035012	0.0111806	−0.0146818	0.007662
Cons	0.0172622	0.0209265	−0.0036643	0.0054629

b = consistent under Ho and Ha, obtained from xtreg. B = inconsistent under Ha, efficient under Ho, and obtained from. xtreg. Test. Ho: difference in coefficients being not systematic. Chi² (1) = (b − B)’[(V_b − V_B)⁻¹](b − B) = 0.53. Prob > chi² = 0.4676; (V_b − V_B) is not positive definite.