Coefficient

T-Statistic

Prob.

Rank

0.0352

3.7595

0.0000

Rep

0.0183

1.9982

0.0461

UW

0.0139

1.3957

0.1632

Fund

−0.1530

−16.4367

0.0000

Span

0.0791

8.6512

0.0000

PC

0.0347

3.7319

0.0004

EV

−0.0027

−0.8796

0.2489

Size

−0.01876

−4.9733

0.0000

Growth

−0.01374

−2.4231

0.0009

Year

Control

Industries

Control

F-Statistic

68.6063

R-squared

0.1519

Prob. (F-Statistic)

0.0000

Adjusted R-squared

0.1358

Observations

11570

VIF

2.0291