|
| (1) | (2) |
|
| ROE | ROE |
| debt | −0.125 | −0.276*** |
|
| (0.076) | (0.076) |
| scale |
| 0.022 |
|
|
| (0.015) |
| age |
| 0.232* |
|
|
| (0.125) |
| board |
| 0.002 |
|
|
| (0.006) |
| Msr |
| 0.001 |
|
|
| (0.001) |
| Ogr |
| 0.089*** |
|
|
| (0.017) |
| _cons | 0.183*** | −0.900* |
|
| (0.035) | (0.486) |
| N | 662.000 | 662.000 |
| r2 | 0.166 | 0.287 |
| r2_a | 0.156 | 0.272 |
| F | 8.797 | 10.172 |
| year | Yes | Yes |
| firm | Yes | Yes |