| Variables |
DIVRATE |
|
| Coefficient |
P−value |
|
| Cons |
−0.486193*** |
0.000 |
| SHRCR1 |
0.1605625*** |
0.000 |
| SIZE |
0.0264162*** |
0.000 |
| BOARDSIZE |
0.0064308 |
0.000 |
| EPS |
0.0018997 |
0.614 |
| CFPS |
−0.0148366*** |
0.000 |
| LEV |
−0.2483967*** |
0.000 |
| QUICKR |
0.0174419*** |
0.000 |
| SOE |
−0.0459653*** |
0.000 |
| IND |
Fixed |
|
| YEAR |
Fixed |
|
| Obs |
12,335 |
|
| Adjust R2 |
0.08 |
|