Precision | |||
Variable | (1) | (2) | (3) |
Inf | −0.339 | −0.961 | −4.929* |
(−0.24) | (−0.67) | (−1.71) | |
Size | −0.144*** | −0.146*** | |
(−2.60) | (−2.97) | ||
Age | −0.410*** | −0.174*** | |
(−5.49) | (−2.77) | ||
Lev | −0.336 | −0.028 | |
(−1.48) | (−0.15) | ||
Roa | 11.544*** | 7.886*** | |
(15.72) | (9.77) | ||
Loss | −0.175*** | −0.156*** | |
(−3.57) | (−2.62) | ||
BTM | −0.016 | 0.008 | |
(−0.29) | (0.16) | ||
Offer | −0.007 | 0.128 | |
(−0.06) | (0.91) | ||
Soe | −0.297*** | −0.169** | |
(−3.42) | (−2.04) | ||
Her5 | −0.362 | −0.154 | |
(−1.30) | (−0.62) | ||
Inst | 1.010 | 1.120 | |
(1.39) | (1.51) | ||
Lnanalyst | 0.243*** | 0.113*** | |
(5.85) | (2.88) | ||
Gdp_g | 0.723 | 0.832 | |
(0.44) | (0.47) | ||
Lprecision | 3.777*** | ||
(51.19) | |||
_Cons | 1.522*** | 5.867*** | 3.138*** |
(6.18) | (5.40) | (3.14) | |
Year Quarter Industry Effect | Yes | Yes | Yes |
N | 47,562 | 47,562 | 33,987 |
pseudo R-sq | 0.100 | 0.194 | 0.447 |