| Variable | (1) | (2) |
| Constant | 0.0723*** | −0.0533*** |
|
| (30.67) | (−3.64) |
| lnRev | 0.500*** | 0.500*** |
|
| (80.09) | (79.32) |
| DEC * lnRev | −0.186*** | −0.248*** |
|
| (−11.56) | (−6.12) |
| PEP * DEC * lnRev |
| 0.119*** |
|
|
| (2.99) |
| PEP |
| 0.0409*** |
|
|
| (8.35) |
| SuccDecre * DEC * lnRev |
| 0.161*** |
|
|
| (6.54) |
| GdpGrowth * DEC * lnRev |
| 0.790*** |
|
|
| (3.02) |
| EI * DEC * lnRev |
| −0.00895 |
|
|
| (−1.56) |
| AI * DEC * lnRev |
| −0.0201*** |
|
|
| (−7.20) |
| Industry | control | control |
| Year | control | control |
| F value | 4221.59 | 277.55 |
| Adjusted R2 | 35.04% | 37.54% |
| Number of Observations | 15,648 | 15,648 |