(1) GW

(2) GW

(3) GW

Compacc

−1.915***

−1.968***

−2.336***

(0.697)

(0.698)

(0.713)

ICQ

0

0.001

(0)

(0.001)

Compacc*ICQ

0**

(0)

CA

−0.898*

−0.761

−0.783

(0.473)

(0.488)

(0.486)

LEV

0.058***

0.059***

0.062***

(0.019)

(0.019)

(0.019)

PE

0

0

0

(0)

(0)

(0)

EQE

1.281***

1.414***

1.451***

(0.32)

(0.34)

(0.339)

SIZE

−0.046

−0.034

−0.06

(0.068)

(0.069)

(0.07)

_cons

9.844***

9.542***

10.186***

(1.581)

(1.602)

(1.619)

Observations

501

501

501

R-squared

0.071

0.073

0.083