| (1) GW | (2) GW | (3) GW |
xCompacc | −1.915*** | −2.32*** | −1.968*** |
| (0.697) | (0.689) | (0.673) |
xICQ |
| 0.001 | −0.001* |
|
| (0.001) | (0) |
CompaccxICQ |
| 0** |
|
|
| (0) |
|
CE | −0.898* | −0.84* | −0.805* |
| (0.473) | (0.472) | (0.474) |
PE | 0 | 0 | 0 |
| (0) | (0) | (0) |
EQUITYEARING | 1.281*** | 1.103*** | 1.077*** |
| (0.32) | (0.332) | (0.333) |
LNmarketprice | −0.046 | −0.017 | 0.004 |
| (0.068) | (0.068) | (0.067) |
PB |
| −0.069*** | −0.075*** |
|
| (0.019) | (0.019) |
LEVERAGE2 |
| −1.618*** | −1.527*** |
|
| (0.337) | (0.336) |
_cons | 9.844*** | 10.219*** | 9.652*** |
| (1.581) | (1.566) | (1.552) |
Observations | 501 | 501 | 501 |
R-squared | 0.071 | 0.149 | 0.14 |