| VARIABLES | res | res |
| DIV | 0.004* |
|
|
| (1.71) |
|
| x1 | −0.078*** | −0.072*** |
|
| (−5.19) | (−4.82) |
| x2 | 0.042*** | 0.043*** |
|
| (12.32) | (12.81) |
| x3 | −0.056 | −0.019 |
|
| (−0.78) | (−0.27) |
| x4 | 0.009*** | 0.009*** |
|
| (8.34) | (7.87) |
| TCE |
| 0.004*** |
|
|
| (3.41) |
| Constant | 0.245*** | 0.238*** |
|
| (16.55) | (16.95) |
| Observations | 279 | 279 |
| R-squared | 0.807 | 0.814 |
| Number of id | 31 | 31 |