Variable

Matched

Treated

Control

bias

|bias|

t

p > |t|

V(C)

size

U

22.12

22.43

−23.60

−5.720

0

1.020

M

22.12

22.14

−0.800

96.50

−0.660

0.508

1.10^*

lev

U

0.412

0.420

−3.800

−0.940

0.346

0.970

M

0.412

0.413

−0.500

86

−0.410

0.681

0.92^*

cashflow

U

0.0442

0.0580

−19.50

−4.810

0

0.94^*

M

0.0444

0.0415

4.100

78.90

3.170

0.00200

0.89^*

roe

U

0.0686

0.0705

−1.300

−0.340

0.735

0.83^*

M

0.0687

0.0587

7.100

−433

5.390

0

0.77^*

growth

U

0.148

0.131

5.400

1.340

0.180

0.970

M

0.148

0.159

−3.500

34.90

−2.630

0.00800

0.80^*

tobinq

U

2.654

2.387

14.10

3.410

0.00100

1.04^*

M

2.642

2.570

3.800

73

2.870

0.00400

0.87^*