| VARIABLES | (1) f1 DREM | (2) f1_jh DREM | (3) f1_c DREM |
| DREM |
|
|
|
| Fin | −0.0168*** | −0.00363 | −0.0226*** |
|
| (−2.832) | (−0.537) | (−3.713) |
| ANY | −0.000429*** | −0.000340*** | −0.000430*** |
|
| (−8.229) | (−5.995) | (−8.249) |
| ANYFin |
| −0.00250*** |
|
|
|
| (−4.008) |
|
| size | 0.00143*** | 0.00142*** | 0.00142*** |
|
| (3.249) | (3.212) | (3.212) |
| lev | −0.00993*** | −0.00991*** | −0.00991*** |
|
| (−3.728) | (−3.719) | (−3.719) |
| ROA | 0.331*** | 0.331*** | 0.331*** |
|
| (55.20) | (55.25) | (55.25) |
| ANYFin_c |
|
| −0.00250*** |
|
|
|
| (−4.008) |
| Constant | −0.0386*** | −0.0388*** | −0.0381*** |
|
| (−4.228) | (−4.257) | (−4.182) |
| Observations | 26,268 | 26,268 | 26,268 |
| R-squared | 0.118 | 0.118 | 0.118 |
| Ajusted R2 | 0.118 | 0.118 | 0.118 |
| F test | 0 | 0 | 0 |