Dependent Variable: Tobin’s Q

Variable

Coefficient

Std. Error

t-Statistic

Prob.

C

7.243336

2.461269

2.942927

0.0040

Executive Compensation

−0.457873

0.208125

−2.199991

0.0299

R-squared

0.041424

Mean dependent var

1.896259

F-statistic

4.839960

Durbin-Watson stat

0.388652

Prob (F-statistic)

0.029861