Model

Raw return

αJensen

Rank

1.277***

1.280***

7.99

7.32

ln(TNA)

−0.312***

−0.310***

−9.24

−9.14

ln(Family Size)

0.027

0.0281

0.63

0.67

Std

−2.242

−2.736

−0.67

−0.81

MarketReturn

−0.854***

0.281***

−4.01

2.14

ln(Age)

0.136*

0.136

1.96

1.92

Year Dummy

Yes

Yes

Observations

1993

1993

R2

0.1033

0.0996