$LC{T}_{i,t}$

Coetficient

Std.err.

t

P > |t|

P > F

Adj R-squared

$CM{D}_{i,t}$

18.75941

3.049693

6.15

0.000

0.000

0.8423

$RDProportio{n}_{i,t}$

−7.155492

2.142352

−3.34

0.004

cons

0.0226046

0.0417713

0.54

0.595