| Explained variable: ROA | Coefficient | t value | P value |
| Attend | 0.001*** | 3.62 | 0.000 |
| Opinion | 0.003 | 1.11 | 0.268 |
| Salary | 0.000* | 2.43 | 0.015 |
| G | 0.005*** | 13.82 | 0.000 |
| Size | 0.002*** | 5.41 | 0.000 |
| Debt | −0.020*** | −44.80 | 0.000 |
| Fixed | −0.005*** | −11.04 | 0.000 |
| constant | −0.019*** | −2.84 | 0.005 |
| Industry | Control | ||
| Year | Control | ||
| R2 | 0.8134 | ||
| F | 3582.33 | ||