| (1) | (2) | (3) |
Constant | 0.57 (0.96) | 0.122 (0.87) | 0.32 (1.106*) |
Sticky | −0.32* (−1.76*) | −0.78** (−2.24**) | −0.25* (−1.43*) |
Age | 0.58 (1.126) | 1.44* (1.89*) | 0.62 (1.06) |
Leverage | −0.44** (−2.26**) | −1.94** (−2.3**) | −2.75*** (−3.11***) |
Size | −0.76* (−1.376*) | −2.85*** (−3.42***) | −0.71 (−1.08) |
Observations | 660 | 432 | 228 |
R2 | 0.27 | 0.29 | 0.16 |
Adj R2 | 0.3 | 0.32 | 0.196 |
F | 5.51*** | 6.62*** | 4.57*** |