| Dependent Variable: DIVIDEND _ YIELD Testing for Hypothesis 1, 2 & 3 | |||||||||
| Variables | Model 1 Largest | Model 2 ( GOV) | Model 3 IPO_RI | ||||||
| Coef. | t-value | Sig (P) | Coef. | t-value | Sig (P) | Coef. | t-value | Sig (P) | |
| LARGEST | 0.016 | 4.444 | 0.000 |
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|
|
|
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| GOV |
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| 0.021 | 5.681 | 0.000 |
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| IPO_RI |
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|
|
|
|
| 0.008 | 2.085 | 0.037 |
| SIZE | −0.006 | −3.751 | 0.000 | −0.006 | −3.734 | 0.000 | −0.007 | −3.743 | 0.000 |
| LEV | 0.000 | 0.040 | 0.968 | −0.001 | −0.139 | 0.889 | −0.001 | −0.081 | 0.936 |
| STD_EARNing | 0.092 | 2.093 | 0.037 | 0.095 | 2.179 | 0.030 | 0.086 | 1.946 | 0.052 |
| DIV_STOCK | −0.008 | −1.674 | 0.094 | −0.007 | −1.477 | 0.140 | −0.014 | −2.654 | 0.008 |
| ROE_ | 0.000 | 4.753 | 0.000 | 0.000 | 4.673 | 0.000 | 0.000 | 4.819 | 0.000 |
| Constant | 0.228 | 4.955 | 0.000 | 0.225 | 4.914 | 0.000 | 0.234 | 5.036 | 0.000 |
| Observations | 1008 |
|
| 1008 |
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| 1008 |
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|
| Adj R2 | 0.09 |
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| 0.10 |
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| 0.073 |
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|