Variables | UI | OI | AI |
Fin | −0.0021*** | −0.0030 | −0.0033*** |
(0.0000) | (0.3870) | (0.0000) | |
Lev | −0.0354*** | −0.0195 | −0.0228*** |
(0.0000) | (0.1380) | (0.0010) | |
Size | −0.0114** | −0.0228*** | −0.0090*** |
(0.0000) | (0.0000) | (0.0000) | |
ROA | −0.0322*** | 0.1188 | 0.0339*** |
(0.0000) | (0.0000) | (0.0000) | |
Growth | 0.0076*** | 0.0025* | 0.0052*** |
(0.0000) | (0.0940) | (0.0000) | |
FCF | 0.0069*** | 0.0143 | 0.0107*** |