Coefficients

Variables

Alternatives

fullest (a)

Subset (b)

Difference (a-b)

Market Adjusted Return

SEC Filing

−0.3958

0.5738

−0.9697

Poison pills

SEC Filing

−2.1961

−0.4999

−1.6962

Block-holder ownership

SEC Filing

−20.6261

1.0979

−21.7239

Shareholder Proposal Submittal in Prior Year (square root)

SEC Filing

−1.9537

−0.1126

−1.8412

Industry adjusted Log Total Asset

Voted

0.0097

0.2616

−0.2519

Board Independence

Voted

−4.5999

−0.4052

−4.1947

Institutional Ownership

Voted

1.6977

−0.1116

1.8092

Industry adjusted Free Cash Flow scaled by total asset

Voted

0.1305

−0.0249

0.1553

Industry adjusted Leverage Ratio (square root)

Voted

1.0523

0.0052

1.0471

Industry adjusted Log Total Asset

No further actions after Media Threat

0.0496

0.1370

−0.0875

Board Independence

No further actions after Media Threat

−4.7647

1.8810

−6.6457

Institutional Ownership

No further actions after Media Threat

−0.6419

−0.7339

0.0920

Industry adjusted Free Cash Flow scaled by total asset

No further actions after Media Threat

−0.1336

−0.3579

0.2244

Industry adjusted Log Leverage Ratio

No further actions after Media Threat

0.5805

−0.4258

1.0064