Variable

Largest Reduction

B

C

D

Largest Increase

General

Coef.

P > [z]

Coef.

P > [z]

Coef.

P > [z]

Coef.

P > [z]

Coef.

P > [z]

Coef.

P> [z]

L1 Alav

−0.0076645

0.825

−0.0573503

0.511

0.2625204

0.000*

0.5968177

0.000*

0.5375475

0.000*

0.2627613

0.000*

Roe

0.0000798

0.395

−0.0022367

0.651

0.0135819

0.000*

−0.0055303

0.000*

−0.0003604

0.056***

0.005577

0.000*

Roa

−0.0000508

0.595

0.0011195

0.838

−0.0884987

0.000*

−0.2868983

0.000*

0.0053203

0.525

−0.0041947

0.000*

Div

−0.0000448

0.559

0.0012417

0.446

−0.0002098

0.000*

−0.0007938

0.156

0.0010921

0.044**

−0.0002716

0.000*

Log_tam

−0.0085507

0.368

−0.0808887

0.011**

0.4717553

0.000*

0.0142551

0.190

0.0504253

0.000*

0.4862411

0.000*

Log_pl

−0.45453

0.000*

−0.4698796

0.000*

Sz

0.0190651

0.319

0.0218857

0.651

−0.0040442

0.446

−0.0913983

0.000*

−0.023283

0.002**

−0.0276325

0.002**

Tang

0.0529378

0.704

0.0211781

0.293

0.0147423

0.120

−0.0177705

0.287

0.0621049

0.000*

−0.000377

0.971

Sg

0.0054094

0.647

−0.00983

0.110

−8.24e−06

0.700

−6.35e−06

0.942

0.0004224

0.000*

0.0000966

0.000*

Mtk

0.9943422

0.000*

0.9475173

0.000*

−0.0001081

0.005**

−0.0026935

0.000*

0.0042076

0.000*

0.0000397

0.881

Cha

0.0001686

0.970

0.0206558

0.262

−0.0011205

0.870

−0.0822428

0.000*

−0.032543

0.000*

−0.0335443

0.000*

Capex

1.25e−09

0.909

−2.50e−09

0.549

−1.75e−09

0.001**

−2.68e−10

0.709

−5.81e−09

0.074***

−7.49e−10

0.040**

Indus.

0.0635423

0.381

−0.0894027

0.946

−0.0617608

0.050**

−0.0354129

0.635

Comer.

0.0652525

0.236

0.0053427

0.909

Serv.

0.0663149

0.460

−0.0362687

0.929

0.0818674

0.022**

−0.046649

0.094***

−0.1001022

0.001**

−0.0851584

0.122

_Cons

−0.050186

0.624

0.4434643

0.459

0.0421636

0.390

0.2561346

0.000

0.000122

0.997

0.16537

0.002

Sargan

1.0000

1.0000

0.0834

0.1352

0.9175

0.0387

Abond 1 order

−0.9815

0.3263

−0.31126

0.7556

−4.8384

0.0000

−6.3687

0.0000

−5.3655

0.0000

−6.3071

0.0000

Abond 2 order

0.22268

0.8238

−0.9145

0.3605

−0.99027

0.3220

−1.8869

0.0592

−1.3924

0.1638

−1.9024

0.0571