Dependent Variable

MCGI (1)

VIF

Adjusted R2

75.45%

Standard Error

0.7417

Durbin-Watson

2.015

F-Value

51.02***

No. of Observations

2000

Constant

0.654***

Independent Variables

IVDI

0.034**

1.046

BRDS

−0.020*

1.143

BDIV

0.237***

NED

0.072***

GOWN

−0.032**

1.034

DOWN

−0.054***

1.276

BOWN

−0.009

1.034

Control Variables

LNFS ($m)

0.007***

1.082

SGR

0.002

2.475

LVG %

−0.030*

1.356

GDP

0.370***

1.208

INF

0.012**

1.302