| (1) | (2) | (3) |
SA | DT | SA | |
Coverage | −0.043*** | 0.482*** | −0.041*** |
| (0.004) | (0.061) | (0.004) |
DT |
|
| −0.005*** |
|
|
| (0.001) |
Size | −0.001 | 0.329*** | 0.001 |
| (0.001) | (0.020) | (0.001) |
Lev | −0.073*** | 0.039 | −0.073*** |
| (0.005) | (0.078) | (0.005) |
CFO | −0.007 | −0.106 | −0.008 |
| (0.008) | (0.119) | (0.008) |
Growth | 0.001 | −0.000 | 0.001 |
| (0.001) | (0.010) | (0.001) |
ROA | −0.024*** | 0.097 | −0.023*** |
| (0.005) | (0.084) | (0.005) |
Tobinq | 0.003*** | 0.026*** | 0.004*** |
| (0.000) | (0.006) | (0.000) |
_cons | −3.099*** | −7.028*** | −3.131*** |
| (0.026) | (0.405) | (0.026) |
N | 15552.000 | 15552.000 | 15552.000 |
r2 | 0.839 | 0.272 | 0.840 |
r2_a | 0.797 | 0.079 | 0.798 |