Hello everyone,

I was running an analysis on the effect of greenhouse gas and waste reporting on return on assets for 6 selected firms. The Hausman test results conducted reveal that the random effects model is the best to use. However, when the regression was run using the random effects model the results appear to be spurious. On the other hand, the fixed results are non-spurious and ok.

Do I go with the Hausman test results or do I make use of the Fixed effects model.

Thanks in advance.