(1.51)

(1.52)

Growth

0.0087

0.0091

(1.39)

(1.46)

Roa

0.2304**

0.2328**

(2.17)

(2.19)

Loss

0.0356***

0.0362***

(3.04)

(3.10)

IIR

−0.0637***

−0.0616***

(−2.92)

(−2.82)

Ret

0.0097

0.0096

(1.56)

(1.55)

Sd_Ret

−0.0179

−0.0193

(−0.29)

(−0.31)

Big4

0.1696***

0.1688***

(3.89)

(3.88)

_cons

6.3911***

6.4164***

(21.04)

(21.16)

year

Control

Control

Industry

Control

Control

N

12614

12614

Adj-R-sq

0.6406

0.6405