VARIABLES | (1) | (2) | (3) | (4) |
A1 | A2 | A3 | A4 | |
Divd | Divd | Divd | Divd | |
Female | −0.35** |
|
|
|
| (−6.471) |
|
|
|
Female_rate |
| −0.0296** |
|
|
|
| (−8.0745) |
|
|
FTMedu |
|
| 0.176*** |
|
|
|
| (3.031) |
|
FTMage |
|
|
| −0.0142** |
|
|
|
| (−2.070) |
Fe_CFO | 0.0654 | 0.0671 | −0.0604 | −0.0600 |
| (0.887) | (0.885) | (−0.820) | (−0.815) |
Chair_Gender | −0.0583 | −0.0578 | 0.0614 | 0.0510 |
| (−0.387) | (−0.381) | (0.408) | (0.339) |
CEO_Gender | 0.0186 | 0.0191 | −0.00472 | −0.00686 |
| (0.126) | (0.128) | (−0.0319) | (−0.0465) |
Tatr | 4.74e−05 | 4.96e−05 | −3.88e−05 | −0.000209 |
| (0.0198) | (0.0176) | (−0.0398) | (−0.0471) |
ROE | 0.0138 | 0.0138 | −0.0142 | −0.0138 |
| (0.549) | (0.550) | (−0.559) | (−0.544) |
Indp | −0.103 | −0.101 | 0.110 | 0.0805 |
| (−0.166) | (−0.162) | (0.178) | (0.130) |
ROA | 0.238 | 0.238 | −0.235 | −0.233 |
| (0.848) | (0.848) | (−0.832) | (−0.843) |
Size | 0.0314 | 0.0313 | −0.0409 | −0.0316 |
| (1.128) | (1.112) | (−1.487) | (−1.137) |
Lev | 0.106 | 0.106 | −0.106 | −0.103 |
| (1.028) | (1.027) | (−1.028) | (−1.018) |
Tagr | 0.00474 | 0.00476 | −0.00490 | −0.00492 |
| (0.614) | (0.616) | (−0.631) | (−0.628) |
Cash_Ratio | −0.00629 | −0.00616 | 0.00591 | 0.00619 |
| (−0.230) | (−0.234) | (0.233) | (0.258) |
Industry | control | control | control | control |