Table 6

Further analysis

Column 9Column 10Column 11Column 12
EVAR (non- industrial)EVAR (industrial)Q (non- industrial)Q (industrial)
BEI0.0071***0.0038**0.0911***0.0491**
(3.0001)(2.1537)(4.1931)(2.3869)
BEI*GO−0.0118**−0.0154**−0.1406***−0.0556
(−2.1261)(−2.5721)(−2.7896)(−0.8009)
GO0.02630.03250.4807*0.2131
(0.9751)(1.1568)(1.9604)(0.6552)
SIZE0.0820***0.1050***−1.0627***−0.8246***
(7.7259)(10.1722)(−10.9958)(−6.8058)
LEV−0.1765***−0.2129***−1.1279***−1.3131***
(−11.3131)(−15.0549)(−7.9428)(−7.9710)
RD0.9481***1.2200***9.4004***2.2788
(3.3336)(7.4360)(3.6298)(1.1858)
AGE−0.4237***−0.4216***−1.11100.4553
(−11.7557)(−12.2192)(−1.2814)(0.3935)
MTO−0.0013−0.0033*0.0049−0.0083
(−0.6010)(−1.7129)(0.2502)(−0.3763)
_cons−0.2011**−0.3968***13.4630***9.4029***
(−2.1583)(−4.7902)(9.5425)(4.9958)
N2,5003,6302,5003,630
adj. R20.12870.18630.26670.2288

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

Source(s) Authors’ own work

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