Variable Name
Variable Definitions
Explained variable
Payerit
Payerit = 1 represents company i pay cash dividends in year t; otherwise, Payerit = 0
Explaining variable
MVPit
ROAit,
| Variable Name | Variable Definitions | |
| Explained variable | Payerit | Payerit = 1 represents company i pay cash dividends in year t; otherwise, Payerit = 0 |
| Explaining variable | MVPit |
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| ROAit, |
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