UNDERPRICE | MODEL1 | MODEL2 |
UR_DIRECT | −1.0373 (−2.06)** | −0.6238 (−1.3400) |
UR_RP |
| 0.3387*** (3.1300) |
OCF |
| 1.0474*** (10.6300) |
PG |
| 1.4435*** (6.5600) |
LEV |
| −2.9233*** (−3.4100) |
SIZE |
| −0.5460*** (−3.6300) |
SOE |
| −1.4020** (−2.1700) |
VC_PE |
| 0.0531 (0.1800) |
INDEX |
| −7.4966 (−0.8500) |
IND2 |
| 1.4962 (1.0600) |
IND3 |
| 1.7523 (1.2300) |
YEAR2014 |
| 5.0893*** (9.7300) |
YEAR2015 |
| 3.2874*** (6.5500) |
YEAR2016 |
| 2.8242*** (5.4300) |
Ajusted R-squared | 0.0032 | 0.2315 |
F-statistic | 4.2400 | 20.6200 |