Dependent variable-financial leverage | |||||
Level of significance | Statistic of t-test | Standard deviation | Regression coefficients | VARIABLE | Independent variable |
0/29 | −1/04 | 0/37 | −0/04 | C | Equation constant (α) |
0/96 | −0/04 | 0/001 | −7/73 * e‑5 | LEV (−1) | Financial leverage of last period |
0/24 | −1/15 | 0/002 | −0/003 | ILEV | Financial leverage of industry |
0/000 | 3/33 | 0/43 | −1/45 | MTB | Market to book ratio |
0/02 | −2/27 | 0/0006 | −0/001 | SIZE | Company size |
0/13 | −1/51 | 0/007 | 0/001 | TANG | Fixed assets to total assets ratio |
0/04 | 1/98 | 0/002 | 0/004 | PROF | Profit before extraordinary items divided by total assets |
0/000 | −610/61 | 0/001 | −0/99 | INFLATION | Inflation |
0/81 | −0/23 | 0/009 | −0/002 | CASH | Amount of cash holding |
0/14 | 1/47 | 0/001 | 0/002 | MATURE | Company mature |
0/59 | −0/52 | 0/05 | −0/03 | DIVIDEND | Dividend profit |
0/000 | 610/57 | 0/004 | 2/98 | TAX | Tax |
0/32 | 0/99 | 0/87 | 0/86 | NDTS | Depreciation to total assets ratio |
Moderated determination coefficient-0/69 statistic D.W-2/32 |