VARIABLES

(1)

fof

(2)

fof

cfin

−0.444^***

−0.341^***

(−5.89)

(−6.92)

is

1.130^***

(28.28)

ep

0.002^***

(3.16)

er

0.756

(0.31)

re

3.476^***

(4.48)

Constant

0.801^***

−0.124^***

(29.90)

(−4.63)

Observations

300

300

R-squared

0.139

0.232