β1 | VOLPOST | –0.0264 | –2.45 | ** | –0.0275 | –2.43 | ** | –0.0294 | –2.54 | ** |
β2 | HIGHSPREAD | 0.0638 | 1.96 | * | 0.0827 | 2.42 | ** | 0.0842 | 2.41 | ** |
β3 | VOLPOST *HIGHSPREAD | –0.0949 | –2.56 | ** | –0.1145 | –2.94 | *** | –0.1191 | –2.98 | *** |
β4 | BETA | –0.0151 | –1.15 | –0.0199 | –1.44 | –0.0201 | –1.43 | |||
β5 | SIZE | –0.0125 | –2.84 | *** | –0.0112 | –2.43 | ** | –0.0123 | –2.61 | ** |
β6 | MTB | –0.0093 | –2.34 | ** | –0.0104 | –2.50 | ** | –0.0126 | –2.95 | *** |
β7 | RDEBT | 0.2242 | 5.83 | *** | 0.2171 | 5.38 | *** | 0.2316 | 5.60 | *** |
β8 | ROA | 0.0265 | 0.24 | 0.0081 | 0.07 | 0.0857 | 0.71 | |||
β9 | PLIST | –0.0084 | –1.26 | –0.0108 | –1.54 | –0.0102 | –1.42 | |||
β10 | DIND | Included | Included | Included | ||||||
| F | 11.16 | *** | 10.83 | *** | 11.23 | *** | |||
| Adj. R2 | 52% | 51% | 52% | ||||||
| N | 152 | 152 | 152 |