| (1) | (2) |
| DIV | DIV |
FF | 0.159*** | 0.120*** |
| (16.37) | (13.10) |
FF*EPU |
| 0.132*** |
|
| (6.04) |
EPU |
| 0.005 |
|
| (0.39) |
Growth | −0.015*** | −0.015*** |
| (−3.11) | (−3.12) |
ROA | 2.560*** | 2.547*** |
| (42.54) | (42.52) |
TQ | −0.015*** | −0.015*** |
| (−7.85) | (−7.83) |
SH | 0.001*** | 0.001*** |
| (7.76) | (7.57) |
Size | 0.042*** | 0.043*** |
| (22.50) | (22.74) |
_cons | −0.939*** | −0.945*** |
| (−21.24) | (−21.39) |
N | 12842.000 | 12842.000 |
r2 | 0.396 | 0.399 |
r2_a | 0.394 | 0.398 |
ind | Yes | Yes |
year | Yes | Yes |