Perks1

Perks2

Coef.

t

Coef.

t

_cons

0.8747***

5.68

0.1613***

6.28

Loan

−0.1812**

−1.96

−0.0194***

−3.93

Size

−0.0305***

−4.42

−0.0054***

−4.29

Debt

0.0863***

2.07

−0.0026

−0.45

Roe

−0.0150

−1.55

0.0000

−0.24

Growth

−0.0001

−1.08

−0.0001

−0.94

Cash

−0.2497***

−3.13

−0.0508**

−2.27

First

−0.0810***

−5.07

−0.0212***

−8.41

CEOsh

−0.0798***

−3.39

0.0001

0.04

Year Fixed Effect

Yes

Yes

Industry Fixed Effect

Yes

Yes

F

471.15

44.31

Prob > F

0.000

0.000

R²

0.0184

0.0217

Obs

18794

13064