| Specifications | 1 IndROA | 2 IndROA | 3 IndLEV | 4 IndLEV | 5 IndAT | 6 IndAT |
| Constant | −0.3125 (0.44) | −0.3044 (0.28) | −0.3822 (0.22) | −0.3442 (0.34) | −0.3401 (0.36) | −0.3302 (0.45) |
| Csales | −0.0255 (0.33) |
|
|
| −0.0225 (0.47) |
|
| Cmve |
| −0.0213 (0.32) |
|
|
| −0.200 (0.37) |
| Vsales | −0.0288 (0.10)* |
| −0.0213 (0.07)* |
|
|
|
| Vmve |
| −0.0137 (0.45) |
| −0.0155 (0.38) |
|
|
| Annual Contract Size | 0.0188 (0.45) | 0.0193 (0.26) |
|
|
|
|
| CRDSCGS |
|
| 0.0242 (0.32) |
|
|
|
| CRDSMVE |
|
|
| 0.0026 (0.27) |
|
|
| VRDSSales |
|
|
|
| 0.0112 (0.09)* |
|
| VRDSMVE |
|
|
|
|
| 0.0222 (0.24) |
|
| 0.0694 | 0.0390 | 0.0552 | 0.0458 | 0.0512 | 0.0622 |