MTB * CFO * DCFO

−0.0052

−0.0788*

(−0.25)

(−1.95)

Constant

−0.3351***

−0.1914

(−13.30)

(−0.87)

Year

YES

YES

Industry

YES

YES

Observations

8931

5823

R-squared

0.945

0.994

Adjust_R2

0.945

0.994