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