Variable

ROA

MVBV

GROWTH

0.082423***

1.156253***

TANGIBILITY

−0.06072***

−0.44259*

SIZE

0.012069***

0.018287

L_TDR

0.088152***

1.280431***

L_ROA

0.274391

NTDS

−0.24698**

2.628638

AGE

0.001682***

−0.05003***

MARKET_DUM

−0.02424***

−0.24399***

_CONS

−3.37842***

100.4001***

NUMBER OF OB

21,863

21,863

NUMBER OF GROUPS

1753

1753

OVERALL

0.0355

0.0219

F-STATISTIC

69.74***

30.48***