Variables | β | The value of t | VIF |
AGE | 0.00021** | (0.38) | 1.140 |
PAY | −0.0133 | (−0.92) | 1.210 |
PLACE | −0.00542 | (−0.81) | 1.060 |
LEV | 0.0446** | (2.81) | 1.210 |
ROA | 0.00633 | (0.56) | 1.030 |
CEO | −0.0141 | (−1.37) | 1.030 |
IND2 | 0.00403 | (0.31) | 1.760 |
IND3 | 0.0185 | (0.99) | 1.200 |
IND4 | 0.0195* | (2.06) | 2.060 |
IND5 | 0.00504 | (0.39) | 1.520 |
SHARE1 | 0.00764 | (0.35) | 1.220 |
SHAREC | −0.00567 | (−0.68) | 1.080 |
SIZE | 0.00178 | (0.26) | 1.630 |
YEAR2012 | 0.131*** | (13.01) | 1.770 |
YEAR2013 | −0.0407*** | (−4.16) | 1.790 |
α | 0.634*** | (8.08) |
|
R2 | 0.23 |
|
|
adj.R2 | 0.21 |
|
|
N | 1647 |
|
|
Mean VIF | 1.24 |
|
|