	(1)	(2)	(3)	(4)
VARIABLES	STRCHR	STRCHR	STRCHR	STRCHR
L.HLW	0.304^***
L.HLW	(2.97)
L.GL		−0.237^**
L.GL		(−2.11)
L.WLW			−0.609^***
L.WLW			(−3.66)
L.FWY				0.310^***
L.FWY				(4.61)
SIZE	−0.043^***	−0.042^***	−0.043^***	−0.041^***
SIZE	(−7.81)	(−7.67)	(−7.79)	(−7.48)
AGE	−0.001	−0.001	−0.001	−0.000
AGE	(−1.09)	(−0.7)	(−1.05)	(−0.14)
GROWTH	0.248^***	0.253^***	0.255^***	0.270^***
GROWTH	(11.63)	(11.84)	(11.94)	(12.44)
OC	0.001^**	0.001^*	0.001^*	0.001
OC	(1.97)	(1.80)	(1.94)	(1.53)
SR	0.001^**	0.001^**	0.001^**	0.001^**
SR	(2.02)	(2.07)	(2.04)	(2.00)
Observations	3702	3702	3702	3702
r2_a	0.0559	0.0548	0.0571	0.0591
F	37.52	36.75	38.34	39.72
	(1)	(2)	(3)	(4)