| Coefficients and Standard Errors | |||
(1) | (2) | (3) | (4) | |
POL × GRO | 0.423*** | 0.305*** | 0.441*** | 0.265*** |
| (0.028) | (0.063) | (0.030) | (0.046) |
TAXR |
|
| −0.037*** | −0.027*** |
|
|
| (0.003) | (0.004) |
LEV |
|
| −0.126 | −0.025 |
|
|
| (0.084) | (0.109) |
GROWTH |
|
| 0.067 | 0.010 |
|
|
| (0.041) | (0.038) |
CASH |
|
| 0.942*** | 1.409*** |
|
|
| (0.208) | (0.282) |
AGE |
|
| −0.003 | −0.002 |
|
|
| (0.003) | (0.004) |
ASSET |
|
| 0.458*** | 0.498*** |
|
|
| (0.013) | (0.030) |
Industry |
| Y |
| Y |
Year |
| Y |
| Y |
Province |
| Y |
| Y |
N | 8124 | 8119 | 6837 | 6836 |
R2 | 0.028 | 0.173 | 0.205 | 0.320 |