| (1) |
VARIABLES | GI |
Index | 0.252* |
| (1.73) |
age | 0.113*** |
| (3.01) |
lev | 0.911*** |
| (2.76) |
seperation | 0.020*** |
| (3.66) |
ROA | 0.874 |
| (1.06) |
board | −0.182 |
| (−0.87) |
Largest holder | −0.007** |
| (−2.47) |
fin | −3.230*** |
| (−3.02) |
TobinQ | 0.023 |
| (1.05) |
year | −0.203** |
| (−2.51) |
Constant | 408.439** |
| (2.51) |
Observations | 946 |
R-squared | 0.038 |