| VARIABLES | (1) |
| LnDivv | |
| Female_rate | −2.8528*** |
|
| (−15.62) |
| Tagr | −8.91e−07 |
|
| (−0.24) |
| Lev | −0.0074336 |
|
| (−1.25) |
| Size | −0.0182872 |
|
| (−1.35) |
| ROA | −0.000363 |
|
| (−0.51) |
| Indp | −0.0995287 |
|
| (−0.55) |
| ROE | −0.0062506 |
|
| (−0.84) |
| Tatr | −8.91e−07 |
|
| (−0.24) |
| Industry | control |
| Year | control |
| Constant | 22.05381*** |
|
| (71.60) |
| N | 607 |
| R-squared | 0.0394 |