| Variable | (1) | (2) |
| Score | Score | |
| succession | 0.002 | 0.003** |
|
| (1.06) | (2.09) |
| sucmajor | 0.013*** |
|
|
| (4.94) |
|
| sucedu |
| 0.009 |
|
|
| (1.26) |
| dev | −0.000 | −0.000 |
|
| (−0.29) | (−0.64) |
| roe | −0.029*** | −0.040*** |
|
| (−5.99) | (−8.76) |
| ceo | −0.005*** | −0.005*** |
|
| (−3.40) | (−3.59) |
| tq | 0.002*** | 0.003*** |
|
| (7.46) | (9.66) |
| z | 0.001*** | 0.001*** |
|
| (2.90) | (2.84) |
| size | −0.029*** | −0.028*** |
|
| (−41.36) | (−39.52) |
| N | 2151 | 2151 |
| R2 | 0.63 | 0.67 |
| F | 201.87 | 212.35 |