(1)

(2)

Rur_D

ROA

Rur_D

0.007***

(2.589)

imr

−0.041

(−1.344)

Size

0.092***

−0.002

(4.107)

(−1.524)

Dual

−0.016

−0.004

(−0.267)

(−1.466)

Board

0.033*

0.000

(1.696)

(0.733)

Share

0.001

0.001***

(0.362)

(11.787)

Growth

−0.042

−0.000

(−1.257)

(−0.322)

Idr

0.009

−0.000

(1.525)

(−0.795)

Soe

0.228***

−0.020***

(3.692)

(−5.636)

_cons

−0.799**

0.045

(−1.992)

(1.485)

N

3524

3524

r2_a/Pseudo_R2

0.138

0.072

year

Yes

Yes

ind

Yes

Yes