|
| (1) |
| VARIABLES | GI |
| index | 0.137** |
|
| (2.41) |
| age | 0.028*** |
|
| (3.98) |
| lev | 0.560*** |
|
| (5.15) |
| seperation | 0.012*** |
|
| (4.37) |
| ROA | 0.065 |
|
| (0.33) |
| board | −0.091 |
|
| (−1.05) |
| Largest holder | −0.003** |
|
| (−2.35) |
| fin | −0.630*** |
|
| (−2.96) |
| TobinQ | −0.001 |
|
| (−0.19) |
| year | −0.059*** |
|
| (−3.03) |
| Constant | 118.515*** |
|
| (3.03) |
| Observations | 3,136 |
| R-squared | 0.026 |