Variable name | (1) CWD | (2) LWD | ||
Coef. | t-Stat | Coef. | t-Stat | |
Short | −0.043** | −2.14 | −0.009* | −1.67 |
Roa | −2.607*** | −6.86 | −0.652*** | −6.98 |
Growth | 0.007 | 1.12 | −0.001 | −0.49 |
IndΔRoa | 1.805 | 1.47 | 0.305 | 0.91 |
IndGrowth | −0.053 | −0.86 | −0.008 | −0.63 |
Mshare | 0.047** | 1.99 | 0.004 | 0.67 |
Lev | −0.069 | −0.87 | 0.003 | 0.18 |