Parameter estimates

Estimate

S.E.

Standardized regression weights

p value

busyness

<---

IBUSY

1

0.335

busyness

<---

OBUSYD

1.598

1.584

0.853

0.313

busyness

<---

OBUSYC

0.535

1.314

0.15

0.684

ownership

<---

ProOwn

1

0.992

ownership

<---

InstOwn

0.494

0.15

0.374

***

ownership

<---

FIIOwn

1.17

0.216

0.695

***

board

<---

Bsize

1

0.755

board

<---

Bind

0.167

0.052

0.422

0.001

board

<---

Bmeet

0.893

0.495

0.211

0.071

board

<---

Duality

4.109

1.245

0.43

***

board

<---

busyness

−0.346

0.335

−0.372

0.301

ROA

<---

Fage

0.006

0.003

0.04

0.05

ROE

<---

Fage

0.037

0.009

0.099

***

TobinsQ

<---

Fage

−0.124

0.068

−0.038

0.067

ROA

<---

Fsize

−0.013

0.002

−0.173

***

ROE

<---

Fsize

−0.022

0.005

−0.127

***

TobinsQ

<---

Fsize

−0.383

0.037

−0.254

***

ROA

<---

Lev

−0.21

0.011

−0.395

***

ROE

<---

Lev

0.096

0.03

0.076

0.001

TobinsQ

<---

Lev

−2.62

0.24

−0.235

***

ROA

<---

Sgrowth

0

0

0.002

0.911

ROE

<---

Sgrowth

0

0

−0.019

0.395

TobinsQ

<---

Sgrowth

0

0

0.005

0.809

ROA

<---

ownership

0

0

0.052

0.018

ROE

<---

ownership

0

0

−0.023

0.335

TobinsQ

<---

ownership

0.034

0.003

0.29

***

ROA

<---

board

0.003

0.001

0.166

***

ROE

<---

board

0.006

0.001

0.12

***

TobinsQ

<---

board

0.045

0.011

0.104

***