|
| (1) | (2) |
| VARIABLES | EOR | EOR |
| ER | −0.874*** |
|
|
| (−15.04) |
|
| L.ER |
| 0.258*** |
|
|
| (4.22) |
| Fanpm | −0.000*** | −0.000*** |
|
| (−10.03) | (−9.59) |
| ROIC | 0.000*** | 0.000*** |
|
| (5.31) | (5.42) |
| Fagr | −0.000** | −0.000** |
|
| (−2.22) | (−2.30) |
| Opgr | −0.000*** | −0.000*** |
|
| (−6.86) | (−7.63) |
| Ci | 0.000*** | 0.000*** |
|
| (2.70) | (2.63) |
| Gr | 0.000** | 0.000*** |
|
| (2.12) | (6.22) |
| Constant | 0.053*** | 0.049*** |
|
| (84.64) | (106.93) |
| N | 838 | 838 |
| R2 | 0.031 | 0.014 |