| 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 | 0.003 | 0.923 | 0.356 |
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| GOV |
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| 0.01 | 2.493 | 0.013 |
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| IPO_RI |
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| 0.005 | 1.373 | 0.170 |
| SIZE | −0.007 | −4.171 | 0.000 | −0.007 | −4.442 | 0.000 | −0.007 | −4.388 | 0.000 |
| LEV | 0.048 | 4.701 | 0.000 | 0.049 | 4.786 | 0.000 | 0.050 | 4.959 | 0.000 |
| STD_EARNing | −0.045 | −0.997 | 0.319 | −0.044 | −0.983 | 0.326 | −0.051 | −1.121 | 0.262 |
| DIV_STOCK | −0.008 | −1.132 | 0.258 | −0.007 | −1.077 | 0.282 | −0.010 | −1.484 | 0.138 |
| ROE_ | 0.001 | 12.006 | 0.000 | 0.001 | 12.062 | 0.000 | 0.001 | 12.048 | 0.000 |
| Constant | 0.214 | 5.150 | 0.000 | 0.222 | 5.388 | 0.000 | 0.222 | 5.366 | 0.000 |
| Observations | 1298 |
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| 1298 |
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| 1298 |
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| Adj R2 | 0.14 |
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| 0.14 |
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| 0.14 |
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