| Variables | Coefficient | STD. ERROR | T-STATISTIC |
| LMQ | 1.189059 | 0.20294 | 5.85926 |
| LFDI | 0.093259 | 0.02122 | 4.39457 |
| LINF | −0.392362 | 0.28624 | −1.37075 |
| LER | 0.795185 | 0.24761 | 3.21150 |
| LDET | −0.016594 | 0.10204 | −0.16262 |
| LXPT | 0.013439 | 0.09287 | 0.14471 |
| WD | −0.146285 | 0.10961 | −1.33456 |
| R-SQUARE R-SQUARE ADJUSTED F-STAT. Sum sq. resids Log likelihood | 0.949056 0.918490 31.04914 0.249121 33.79937 | ||