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| Period | Firm Size | Sample Size | Mean | Std. Dev. | 5th Percentile | 95th Percentile |
Scale | Model 1 | 1996-2007 | Small | 6443 | −.004 | .015 | −.020 | .007 |
Medium | 3210 | −.001 | .004 | −.005 | .001 | |||
Large | 889 | .002 | .004 | −.002 | .009 | |||
2008-2017 | Small | 15,959 | −.0008 | .015 | −.013 | .011 | ||
Medium | 5615 | −.0002 | .002 | −.002 | .001 | |||
Large | 1115 | .0009 | .006 | −.002 | .004 | |||
Model 2 | 1996-2007 | Small | 6443 | −.004 | .015 | −.021 | .007 | |
Medium | 3210 | −.001 | .003 | −.005 | .001 | |||
Large | 889 | .002 | .004 | −.002 | .009 | |||
2008-2017 | Small | 15,959 | −.0008 | .015 | −.013 | .011 | ||
Medium | 5615 | −.0002 | .002 | −.002 | .001 | |||
Large | 1115 | .0009 | .006 | −.002 | .005 | |||
TC | Model 1 | 1996-2007 | Small | 6443 | .062 | .017 | .044 | .101 |
Medium | 3210 | .070 | .018 | .049 | .105 | |||
Large | 889 | .078 | .019 | .052 | .109 | |||
2008-2017 | Small | 15,959 | .022 | .015 | −.002 | .046 | ||
Medium | 5615 | .024 | .016 | −.0006 | .050 | |||
Large | 1115 | .026 | .017 | .002 | .053 | |||
Model 2 | 1996-2007 | Small | 6443 | .051 | .012 | .037 | .077 | |
Medium | 3210 | .058 | .012 | .042 | .081 | |||
Large | 889 | .065 | .013 | .047 | .087 | |||
2008-2017 | Small | 15,959 | .025 | .011 | .008 | .041 | ||
Medium | 5615 | .028 | .011 | .011 | .046 | |||
Large | 1115 | .031 | .012 | .014 | .050 | |||
TEC | Model 1 | 1996-2007 | Small | 6443 | .007 | .008 | .0008 | .023 |
Medium | 3210 | .007 | .007 | .001 | .023 | |||
Large | 889 | .008 | .007 | .0007 | .023 | |||
2008-2017 | Small | 15,959 | −.007 | .007 | −.020 | .0007 | ||
Medium | 5615 | −.007 | .007 | −.020 | .0007 | |||
Large | 1115 | −.007 | .008 | −.022 | .0007 | |||
Model 2 | 1996-2007 | Small | 6443 | −.019 | .011 | −.039 | −.004 | |
Medium | 3210 | −.017 | .010 | −.034 | −.004 | |||
Large | 889 | −.015 | .009 | −.029 | −.002 | |||
2008-2017 | Small | 15,959 | −.021 | .012 | −.043 | −.003 | ||
Medium | 5615 | −.019 | .011 | −.039 | −.004 | |||
Large | 1115 | −.019 | .013 | −.040 | −.003 |