|
| (1) | (2) |
| VARIABLES | EOR | EOR |
| ER | −0.879*** | −0.874*** |
|
| (−15.09) | (−15.04) |
| Fanpm |
| −0.000*** |
|
|
| (−10.03) |
| ROIC |
| 0.000*** |
|
|
| (5.31) |
| Fagr |
| −0.000** |
|
|
| (−2.22) |
| Opgr |
| −0.000*** |
|
|
| (−6.86) |
| Ci |
| 0.000*** |
|
|
| (2.70) |
| Gr |
| 0.000** |
|
|
| (2.12) |
| Constant | 0.053*** | 0.053*** |
|
| (84.82) | (84.64) |
| N | 10,889 | 10,889 |
| R2 | 0.027 | 0.031 |