(1)

(2)

Rcv

Rcv

Dose

−0.238***

(−36.60)

Soeshare

−0.125***

(−36.77)

Size

−0.020***

−0.020***

(−37.97)

(−38.60)

Lev

0.127***

0.107***

(31.60)

(28.07)

ROA

0.033***

0.033***

(2.98)

(2.93)

Growth

0.007***

0.006***

(4.69)

(4.63)

FirmAge

−0.019***

−0.018***

(−12.25)

(−11.82)

_cons

0.549***

0.563***

(48.58)

(49.97)

Year FE

Yes

Yes

Industry FE

Yes

Yes

N

8068

8068

R2

0.291

0.288