Variables

Lag1 period

Lag2 period

Lag1 investment_int

2.153*

(1.68)

-

Lag2 investment_int

-

4.102***

(2.89)

size

0.494***

(5.88)

0.388***

(4.63)

lev

−2.997***

(−7.86)

−2.230***

(−5.59)

om

−0.0816*

(−0.60)

−0.0177*

(−0.12)

_cons

−9.645***

(−5.49)

−7.644***

(−4.35)

N

441

290