VARIABLES

DC

Fpg*Msh

−0.002^**

(−2.55)

Fpg

−0.004^***

(−3.11)

Size

0.019^**

(2.24)

Lev

−0.333^***

(−10.58)

Roa

−0.365^***

(−8.51)

Ind

0.025

(0.16)

Board

0.039

(1.19)

Dual

0.009

(1.02)