(1) Lgstock

(2) Lgmkt

(3) S_P

Bmg

0.000

−0.005

0.516**

(0.007)

(0.005)

(0.241)

Infl

−0.031***

−0.006

−0.658

(0.009)

(0.007)

(0.499)

D.exch

−0.016*

−0.005

−0.329**

(0.009)

(0.006)

(0.141)

D.cbol

−0.000

0.000

0.000

(0.000)

(0.000)

(0.000)

R_Int

−0.097***

−0.043***

−0.631*

(0.014)

(0.009)

(0.341)

_cons

21.872***

23.244***

11.400**

(1.437)

(0.872)

(4.863)

Obs.

150

163

188

R-squared

0.2888

0.045

0.073