VARIABLES

(1)

MES

(2)

SRISK

lCEOPay

0.000663**

0.951*

(0.000332)

(0.524)

lROA

0.000342

0.158

(0.000215)

(0.357)

lSize

0.00114***

0.907*

(0.000171)

(0.498)

lCapR

5.71e−06

0.370**

(5.92e−05)

(0.152)

lLTA

−3.55e−05**

0.0770*

(1.44e−05)

(0.0454)

lDTA

1.14e−05

−0.136***

(9.44e−06)

(0.0367)

Constant

0.00892***

−13.45***

(0.00246)

(5.184)

Observations

77

77

Number of years

11

11

Bootstrap replication

1000

1000

R squared

28%

41%