(1)

(2)

(3)

(4)

(5)

(6)

Tq

Tq

Tq

Tq

Tq

Tq

Pincome

1.641***

(11.79)

Grosspro

0.244***

(8.64)

Cash

0.0587***

(7.70)

Pc

−0.0201

(−0.60)

Tax

−0.0995

(−0.67)

Sub

2.113***

(4.12)

Asset

−0.623***

−0.614***

−0.688***

−0.608***

−0.608***

−0.568***

(−21.37)

(−20.93)

(−22.06)

(−20.65)

(−20.62)

(−18.20)

Lev

0.0886

−0.103

−0.258**

−0.366***

−0.370***

−0.201

(0.67)

(−0.78)

(−1.98)

(−2.81)

(−2.84)

(−1.47)