| Model | Influence of the current period | Hysteresis phase effect | ||||||
| Unstandardized Coefficients | Standardized Coefficients | t | Sig | B | t | Sig | ||
| B | standard error | trial version | ||||||
| (Constant) | 7.694 | 0.890 |
| 8.648 | 0.000 | 6.251 | 4.829 | 0.000 |
| RDI | −13.208 | 3.102 | -0.498 | −4.258 | 0.000 | −6.894 | −1.284 | 0.204 |
| RDP | 0.956 | 1.928 | 0.061 | 0.496 | 0.621 | 1.622 | 0.503 | 0.617 |
| LEV | −0.077 | 0.019 | -0.425 | −4.154 | 0.000 | −0.074 | −2.601 | 0.012 |
| SIZE | 0.960 | 0.511 | 0.186 | 1.879 | 0.063 | 1.656 | 2.131 | 0.037 |
| Adjusted R squared | 0.280 | 0.063 | ||||||
| Value of F | 11.116 | 2.152 | ||||||