h_Grouth

β

Se

t

L.h_Growth

0.01808502

0.02249688

0.80388986

L.h_PB

−0.04555587

0.04155192

−1.0963601

L2.h_ETR

0.02204854

0.01386053

1.5907434*

h_PB

β

Se

t

L.h_Growth

0.00719002

0.0127164

0.56541302

L.h_PB

0.49585893

0.33741845

1.4695668*

L2.h_ETR

−0.01361687

0.00776021

−1.7547033**

h_Debt

β

Se

t

L.h_Growth

−0.00034601

0.000129

−2.6821906***

L.h_ETR

−0.00060461

0.00014408

−4.1964994***

L.h_Debt

0.72094056

0.184597

3.9054836***

L2.h_Growth

−0.00007161

0.00002051

−3.4913674***

L2.h_PB

−0.00134341

0.00016001

−8.3959867***

L2.h_ETR

0.00010335

0.00002938

3.5177591***

L3.h_PB

0.00144887

0.00031559

4.5910384***

L3.h_Debt

0.02901699

0.05185795

0.55954755