Tobin Q

(4)

(5)

(6)

SD

0.065^***

−0.024

SI

−0.006^***

−0.002

SV

−0.045^**

−0.020

Size

−0.515^***

−0.504^***

−0.508^***

−0.019

−0.019

−0.019

Age

0.013^***

0.013^***

0.013^***

−0.003

−0.003

−0.003

Owner

0.068^***

0.078^***

0.072^***

−0.029

−0.029

−0.029

Debt

0.11

0.107

0.106

−0.103

−0.103

−0.103

_cons

13.026^***

12.835^***

12.902^***

(0.435)

(0.435)

(0.433)

Observations

8960

8960

8960

R-squared

0.403

0.403

0.403