|
| DA | REM |
| SI_Cost | 0.0283* | 0.0636* |
| (1.8245) | (1.6805) | |
| SI_Cost*MSRSQRT | −0.0593 | −0.4331 |
| (−0.2165) | (−0.5208) | |
| MSRSQRT | −0.0247 | −0.1269 |
| (−0.2771) | (−0.6300) | |
| Lnsize | −0.0021 | −0.0063 |
| (−0.3285) | (−0.3652) | |
| Lev | −0.0290 | −0.0033 |
| (−0.7660) | (−0.0274) | |
| ATO | 0.1196*** | 0.1890*** |
| (3.5921) | (3.5636) | |
| Cashflow | −0.1160 | −0.3865** |
| (−1.5040) | (−1.9852) | |
| Growth | −0.0000 | 0.0001 |
| (−0.2324) | (0.4791) | |
| Board | −0.0309 | 0.0176 |
| (−0.7881) | (0.2792) | |
| Indep | −0.0274 | −0.0475 |
| (−0.2922) | (−0.2059) | |
| Top10 | −0.1396** | −0.0299 |
| (−2.5249) | (−0.3048) | |
| Dual | −0.0060 | 0.0217 |
| (−0.6583) | (1.2128) | |
| Industry | Yes | Yes |
| Year | Yes | Yes |
| Underwriter | Yes | Yes |
| _cons | 0.1609 | −0.0259 |
| (1.3588) | (−0.1280) | |
| N | 206.000 | 206.000 |
| r2 | 0.391 | 0.327 |