Dependent Variables | Marginal effects-dy/dx (2a) | Marginal effects-dy/dx (2b) | Marginal effects-dy/dx (2c) |
Equity Asset | 0.0000156*** (7.07) | 0.0000155*** (7.07) | 0.00001*** (6.87) |
Marketsizesmall | −0.083*** (−5.66) | −0.080*** (−5.47) | −0.090*** (−6.04) |
Marketsizeintermediate | −0.010*** (−4.46) | −0.060*** (−4.46) | −0.059*** (−4.36) |
Marketsizelarge | 0.0493*** (5.23) | 0.0491*** (5.21) | 0.045*** (4.78) |
Strategic Investorsstrong | 0.027*** (2.77) | 0.031*** (3.17) | 0.030*** (3.05) |
Strategic Investorsfew | 0.0040 (0.37) | 0.003 (0.35) | 0.002 (0.20) |
Shareholder protection | - | −0.038*** (−3.78) | −0.038*** (−3.75) |
Institutional distance | - | - | 0.026*** (4.35) |