Dependent Variable Method: Binary Logit

Fair Employee Treatment

Dividend Payout Ratio

0.0775**

(0.030)

ESOP

6.2137***

(0.0198)

Firm’s Leverage

17.2031***

(0.0131)

Employee Compensation/Sales

−39.0231

(0.3267)

Ln (Total Assets)

1.3053

(0.5355)

Promoters’ Holding

5.7247

(0.1876)

R&D/Sales

−0.0163

(0.3792)

Price to Book Ratio

0.1690

(0.6500)

Constant

−17.564

No. of Firms

80

McFadden R-Squared

0.5141