Dependent Variable: FIRM_LEVERAGE

Variable

Coefficient

Std. Error

t-Statistic

Prob.

MANAGERIAL_OWNERSHIP

−0.655114

0.685881

−0.955142

0.3409

C

0.750046

0.210550

3.562323

0.0005

R-squared

0.005499

Mean dependent var

0.643284

Adjusted R-squared

−0.000529

S.D. dependent var

2.305211

S.E. of regression

2.305820

Akaike info criterion

4.520654

Sum squared resid

877.2730

Schwarz criterion

4.557995

Log likelihood

−375.4746

Hannan-Quinn criter.

4.535810

F-statistic

0.912297

Durbin-Watson stat

2.511023

Prob(F-statistic)

0.340903