Variables Indicators

DELSTATEPCT = 1

DELSTATEPCT = 0

LGSTCHGIDX = 1

LGSTCHGIDX = 0

CTRLPCTSTATE = 1

CTRLPCTSTATE = 0

MODX1

4.2202***

1.6729***

3.4197*

1.3635*

0.3410***

0.3322***

IDXYRRET

1.1476***

1.2103***

1.1972***

1.2031***

1.2371***

1.0974***

LEVRATIO

0.1196

0.1388**

−0.1509

0.1989

−0.0291

0.0312

SIZE

−0.2032

−0.0543***

0.0408

−0.0575***

−0.0314**

−0.0300***

INDUSTRY

0.0029

−0.0017

0.0024

−0.0059

0.0007

0.0017

CONS

0.2808

0.9784***

−0.9153

1.0040**

0.5485**

0.5433***

ADJUSTED-R^2

0.6636

0.7757

0.6833

0.7622

0.7622

0.6403