Variable | Alternatives | Coefficient | Standard Error | z | P > |z| |
Market Adjusted Return | SEC Filing | 0.5738 | 0.5403 | 1.06 | 0.288 |
Poison pills | SEC Filing | −0.4999 | 0.3963 | −1.26 | 0.207 |
Block-holder ownership | SEC Filing | 1.0979 | 1.3033 | 0.84 | 0.400 |
Shareholder Proposal Submittal in Prior Year (square root) | SEC Filing | −0.1126 | 0.3992 | −0.28 | 0.778 |
Industry adjusted Log Total Asset | Voted | 0.2616 | 0.1878 | 1.39 | 0.164 |
Board Independence | Voted | −0.4052 | 1.1974 | −0.34 | 0.735 |
Institutional Ownership | Voted | −0.1116 | 1.2683 | −0.09 | 0.930 |
Industry adjusted Free Cash Flow scaled by total asset | Voted | −0.0249 | 0.0937 | −0.27 | 0.791 |
Industry adjusted Leverage Ratio (square root) | Voted | 0.0052 | 1.0325 | 0.01 | 0.996 |
Industry adjusted Log Total Asset | No further actions after Media Threat | 0.1370 | 0.1830 | 0.75 | 0.454 |
Board Independence | No further actions after Media Threat | 1.8810 | 1.1284 | 1.67 | 0.096 |
Institutional Ownership | No further actions after Media Threat | −0.7339 | 1.2074 | −0.61 | 0.543 |
Industry adjusted Free Cash Flow scaled by total asset | No further actions after Media Threat | −0.3579 | 0.1706 | −2.10 | 0.036 |
Industry adjusted Log Leverage Ratio | No further actions after Media Threat | −0.4258 | 0.9941 | −0.43 | 0.668 |