Dependent variable-investment activity

Level of significance

Statistic of t-test

Standard deviation

Regression coefficients

VARIABLE

Independent variable

0/11

−1/59

23/82

−37/88

C

Equation constant (α)

0/000

+3/36

0/13

0/44

FF1

Financial flexibility

0/000

−6/28

0/04

−0/31

FF1 * CF

Financial flexibility * cash flow

0/005

2/75

0/14

0/39

FF1 * CRISIS

Financial flexibility * crisis

0/000

−5/56

0/04

−0/24

CF * FF1 * CRISIS

Financial flexibility * cash flow * crisis

0/10

1/60

0/01

0/02

YEAR

Year

0/31

1/01

0/01

0/01

IND

Industry

Statistic of test F-26/04 level of significance-0/000.

Moderated determination coefficient-0/57 statistic D.W-1/62