| Independent variables | m_re01 | m_re02 |
| gov | 0.522*** (0.137) |
|
| academic | 0.500*** (0.132) |
|
| cpa | 0.572*** (0139) |
|
| law | 0.460*** (0.147) |
|
| corp | 0.582*** (0.134) |
|
| fbr | −0.268 (0.359) |
|
| dbr | −4.494** (1.637) |
|
| fdbr | 0.284 (0.194) |
|
| bnum | −0.166*** (0.054) | 0.009 (0.014) |
| supervisor | 0.006 (0.015) | 0.005 (0.017) |
| fsvr | −0.274 (0.173) | −0.249 (0.191) |
| assetmil~n | −0.024** (0.012) | −0.022*** (0.014) |
| first | −0.864*** (0.246) | −0.747*** (0.289) |
| first2-5 | −0.965*** (0.311) | −0.808*** (0.348) |
| Dum_indu~2 | −0.954*** (0.114) | −1.026*** (0.126) |
| Dum_indu~3 | −0.254* (0.165) | −0.162 (0.189) |
| Dum_indu~4 | −0.653*** (0.220) | −0.875*** (0.244) |
| Dum_indu~5 | −0.764*** (0.173) | −0.817*** (0.187) |
| _cons | 3.117*** (0724) | 1.635*** (0.276) |
| N | 119 | 119 |