| LEV * DCFO |
| −0.0371*** |
|
|
| (−6.44) |
| LEV * CFO * DCFO |
| 0.6984*** |
|
|
| (28.94) |
| MTB |
| 0.0023*** |
|
|
| (3.29) |
| MTB * CFO |
| 0.0533*** |
|
|
| (27.56) |
| MTB * DCFO |
| 0.0075*** |
|
|
| (6.27) |
| MTB * CFO * DCFO |
| −0.0296*** |
|
|
| (−6.70) |
| Constant | 0.0420*** | −0.3651*** |
|
| (11.950) | (−5.627) |
| Year | YES | YES |
| Industry | YES | YES |
| Observations | 17024 | 17024 |
| R-squared | 0.984 | 0.990 |
| Adjust_R2 | 0.984 | 0.989 |