VARIABLES

H1a

H1b

H1c

H1d

H1e

COC

−0.00551

(−0.06)

GE

0.171***

(4.31)

RQ

−0.136

(−0.76)

ROL

−0.0157

(−0.25)

POL

−0.253*

(−2.55)

ROA

−0.0605***

−0.0468**

−0.0601***

−0.0613***

−0.0650***

(−4.17)

(−3.25)

(−4.23)

(−4.17)

(−4.55)

lnAsset

−0.0461**

−0.0669***

−0.0527***

−0.0458***

−0.0488***

(−3.17)

(−7.24)

(−4.71)

(−5.05)

(−6.05)

NIIr

−0.0721

−0.0937*

−0.0734

−0.0716

−0.0622

(−1.89)

(−2.49)

(−1.95)

(−1.89)

(−1.65)

_cons

0.817***

1.022***

0.863***

0.809***

0.716***

(4.08)

(9.80)

(8.17)

(6.75)

(6.87)

Observations

1166

1166

1166

1166

1166

Adj.R2(r2_p)

0.1580

0.1723

0.0233

0.2217

0.1807