Table 3 Direct relationship regression... | Emerald Publishing

Table 3

Direct relationship regression result

	Column 1	Column 2
	EVAR	Q
L.EVAR	0.2234^***
L.EVAR	(6.2189)
L.Q		0.5886^***
L.Q		(23.2107)
BEI	0.0247^**	0.4623^***
BEI	(2.0590)	(2.6156)
GO	−0.0251^***	−0.1536^**
GO	(−4.0959)	(−1.9766)
SIZE	0.0220^***	−0.3981^***
SIZE	(2.7730)	(−6.9346)
LEV	−0.1115^**	−0.9970^***
LEV	(−2.5724)	(−7.8904)
RD	0.5800^***	6.5390^***
RD	(5.6612)	(5.2550)
AGE	−0.0836^***	−0.1773
AGE	(−4.9745)	(−1.0092)
MTO	−0.0068^***	−0.0464
MTO	(−3.1028)	(−1.6403)
_cons	−0.1258^**	3.5722^***
_cons	(−2.2653)	(9.0424)
N	6,130	6,130
AR(1)	0.000	0.000
AR(2)	0.591	0.133
Hansen test	0.526	0.654

	Column 1	Column 2
	EVAR	Q
L.EVAR	0.2234^***
L.EVAR	(6.2189)
L.Q		0.5886^***
L.Q		(23.2107)
BEI	0.0247^**	0.4623^***
BEI	(2.0590)	(2.6156)
GO	−0.0251^***	−0.1536^**
GO	(−4.0959)	(−1.9766)
SIZE	0.0220^***	−0.3981^***
SIZE	(2.7730)	(−6.9346)
LEV	−0.1115^**	−0.9970^***
LEV	(−2.5724)	(−7.8904)
RD	0.5800^***	6.5390^***
RD	(5.6612)	(5.2550)
AGE	−0.0836^***	−0.1773
AGE	(−4.9745)	(−1.0092)
MTO	−0.0068^***	−0.0464
MTO	(−3.1028)	(−1.6403)
_cons	−0.1258^**	3.5722^***
_cons	(−2.2653)	(9.0424)
N	6,130	6,130
AR(1)	0.000	0.000
AR(2)	0.591	0.133
Hansen test	0.526	0.654

Note(s): t statistics in parentheses. ^*p < 0.1, ^**p < 0.05, ^***p < 0.01

Source(s) Authors’ own work