variable

Obs.

t-Static

Prob.

1% level

5% level

10% level

Ncskew

2410

−8.0690

0.0000

−3.4329

−2.8625

−2.5673

Liq

2410

−6.8245

0.0000

−3.4329

−2.8625

−2.5673

Ret

2410

−47.4229

0.0001

−3.4329

−2.8625

−2.5673

Sigma

2410

−3.5129

0.0078

−3.4329

−2.8625

−2.5673