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Table 3 Determining the optimum lag

From: Economic and non-economic determinants of Iranian pharmaceutical companies’ financial performance: an empirical study

Lag

LogL

LR

FPE

AIC

SC

HQ

0

154.0983

NA

122.39 e -

4.058287-

3.805324-

3.957581-

1

497.1921

600.4140

1.04e-15

11.81089

9.534224-

10.90454-

2

647.9562

230.3341

9.90e-17*

14.22101-

-*9.920637

-*12.50902

3

707.6810

77.97405

1.32e-16

14.10225-

7.778178-

11.58462-

4

789.2472

88.36335

1.15e-16

*14.59020-

6.242424-

11.26693-

  1. * show the optimum lag that every test recommended that
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