Variable

Coefficient

Std. Error

t-Statistic

Prob.

Intercept

−4.138380**

1.366575

−3.028286

0.0143

Ownership

−2.025879**

−0.656125

−3.087641

0.013

Age

0.008246***

0.002435

3.385930

0.0081

Size

0.26587

0.145627

1.825693

0.1012

CAPEX

−0.010537

0.024234

−0.434814

0.6739

Sales

−0.202294

0.212112

−0.953714

0.3651

TDR

−0.197397**

0.072418

−2.725796

0.0234