| Independent Variables | Return on Assets | Return on Equity | Stock Return | Economic Value Added | Equity Multiplier |
| Constant | 3.91** | 2.32*** | 3.78*** | 3.13 | 9.39 |
| Earnings Yield | 1 × 10−6*** | 0.57*** | 1 × 10−6* | 9.74** | −4.3 × 10−7 |
| Book Value | 4.5 × 10−5 | 2.4 × 10−5 | 8.5 × 10−5 | −1 × 10−2 | 5.3 × 10−5 |
| Market Value to Book Value | 0.0 | 0.0 | 0.0 | 2.0 × 10−6 | 0.9 × 10−9 |
| Size | −0.2*** | 0.0 | 0.0 | 4 × 10−6*** | 0.29 |
| Volatility | 1.7 × 10−2* | −3 × 10−5 | 0.1*** | −7.3*** | −0.5 |