| (1) Incentive | (2) Incentive | (3) Incentive |
OC | −0.151** | −0.225*** | −0.234*** |
| (−2.46) | (−3.13) | (−3.26) |
Separation |
| 0.107** | 0.107** |
|
| (2.32) | (2.31) |
Research |
| 0.028*** | 0.028*** |
|
| (4.83) | (4.70) |
ROA |
| 0.019*** | 0.019*** |
|
| (4.46) | (4.37) |
Return |
| 0.148*** | 0.147*** |
|
| (3.61) | (3.58) |