| Long | Short | Long | Short |
Mode 1-1 | Mode 1-2 | Model 1-3 | Mode1-4 | |
Change | −0.421*** | 0.00866 |
|
|
(0.161) | (0.0153) |
|
| |
Force |
|
| −0.288* | 0.0574*** |
|
| (0.210) | (0.0219) | |
Age | 6.768*** | −0.114*** | 6.816*** | −0.112*** |
(0.579) | (0.0278) | (0.598) | (0.0277) | |
Size | −1.630*** | 0.0186** | −1.641*** | 0.0176** |
(0.113) | (0.00825) | (0.117) | (0.00834) | |
Slack | 0.603*** | 0.0116* | 0.602*** | 0.0119* |
(0.172) | (0.00621) | (0.175) | (0.00634) | |
Diage | −0.00898 | −0.00321*** | −0.00860 | −0.00317*** |
(0.00758) | (0.000939) | (0.00743) | (0.000957) | |
Boardscale | −0.00169 | 0.0254*** | −0.00274 | 0.0257*** |
(0.0431) | (0.00240) | (0.0438) | (0.00251) | |
Industry | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes |
Constant | 6.339** | 12.72*** | −1.416*** | −1.786*** |
(2.979) | (2.888) | (0.422) | (0.409) | |
Observations | 6081 | 6081 | 6081 | 6081 |
R-squared | 0.286 | 0.022 | 0.286 | 0.022 |
Number of id | 1519 | 1519 | 1519 | 1519 |