192707-196306

192801-196312

196307-201106

196401-201012

(1)

(2)

(3)

(4)

(5)

(1)

(2)

(3)

(4)

(5)

alpha

1.268

(2.42)

1.429

(3.08)

1.086

(2.39)

1.382

(2.93)

1.398

(2.97)

1.232

(3.05)

1.624

(4.94)

1.442

(3.38)

1.572

(5.06)

1.543

(3.74)

LnMV

−0.020

(−0.31)

−0.061

(−1.08)

−0.021

(−0.42)

−0.061

(−1.02)

−0.047

(−0.98)

−0.010

(−0.19)

−0.060

(−2.03)

−0.038

(−1.00)

−0.064

(−1.97)

−0.041

(−0.51)

LnBM

0.213

(1.62)

0.267

(1.94)

0.180

(1.80)

0.236

(1.68)

0.098

(1.05)

0.140

(1.79)

0.114

(1.64)

0.141

(1.84)

0.155

(2.61)

0.056

(0.46)

BA12

−0.233

(−0.72)

0.153

(0.30)

LOT12

−0.112

(−0.47)

−0.802

(−1.96)

CS12

0.37

(1.94)

−0.16

(−0.49)

Cgibbs

0.146

(1.03)

0.182

(0.60)

Co-cost

0.174

(1.06)

0.066

(0.28)