VAR | (1) IIR | (2) IIR | (3) IIR |
S | −2.732 | −1.634 | −16.873** |
| (−0.744) | (−0.430) | (−2.287) |
ID |
| −0.006*** | −0.015*** |
|
| (−4.887) | (−4.776) |
ID*S |
|
| 20.649*** |
|
|
| (2.960) |
CF | 0.012 | 0.003 | 0.002 |
| (0.912) | (0.225) | (0.177) |
q | 0.008*** | 0.008*** | 0.008*** |
| (7.550) | (7.481) | (6.931) |
TIR | 0.003 | 0.003* | 0.005* |
| (1.608) | (1.735) | (1.702) |
SALE | 0.001 | 0.001 | 0.001* |
| (1.060) | (1.596) | (1.678) |
GRO | 0.014*** | 0.014*** | 0.013*** |
| (4.533) | (4.711) | (3.724) |
MB | 0.000 | 0.000 | 0.000 |
| (0.929) | (0.544) | (0.390) |
LEV | −0.017*** | −0.016*** | −0.017*** |
| (−5.015) | (−4.739) | (−4.925) |
EFD | −0.000 | −0.000 | −0.000 |
| (−0.255) | (−0.429) | (−0.407) |
Chi-sq (1) P-val | 0.000 | 0.000 | 0.000 |
Cragg-Donald Wald F statistic | 169.159 | 164.481 | 81.317 |
Obs | 1905 | 1905 | 1905 |
R-squared | 0.166 | 0.179 | 0.145 |