Perks1

Perks2

Coef.

t

Coef.

t

_cons

0.5283***

2.73

0.1146***

3.13

Loan

−2.1962***

−4.56

−0.4254***

−4.00

Size

−0.0258***

−3.11

−0.0034**

−2.16

Debt

−0.9935

−1.54

−0.2135*

−1.72

Roe

−0.0156

−1.22

0.0010

1.06

Growth

0.0001

0.78

−0.0001

−0.62

Cash

0.1204*

1.65

0.0022

0.09

First

−0.0419

−1.26

−0.0142**

−2.14

CEOsh

−0.1732***

−3.28

−0.0178**

−2.18

Year Fixed Effect

Yes

Yes

Industry Fixed Effect

Yes

Yes

F

995.33

23.07

Prob> F

0.000

0.000

R2

0.0328

0.0543

Obs

18794

13064