Variable

Tobin Q 1

Tobin Q 2

Tobin Q 3

α

p

β

p

γ

p

STR

−0.119

0.028*

0.398

0.000**

−0.051

0.376

MOR

−0.172

0.002**

LEVERAGE

−0.521

0.000**

0.029*

0.632

−0.515

0.000**

GROWTH

0 .002**

0.966

−0.046*

0.432

−0.006**

0.909

R2

0.316

0.162

0.338