Table 1 Regression analysis (1) (2) (3)... | Emerald Publishing

Table 1

Regression analysis

	(1)	(2)	(3)	(4)
Acquirer Size	−0.701	−2.121	−2.235^*	−1.94
Acquirer Size	(1.129)	(1.299)	(1.293)	(1.293)
Cash Payment	−17.904***	−18.135***	−15.901***	−15.652***
Cash Payment	(3.563)	(3.545)	(3.665)	(3.646)
Stake Purchase	−26.096***	−25.416***	−23.529***	−23.092***
Stake Purchase	(3.158)	(3.156)	(3.251)	(3.239)
Deal Attitude	−3.571	−2.573	−1.287	−0.181
Deal Attitude	(5.363)	(5.353)	(5.353)	(5.348)
Environmental		0.144**	0.135**	0.105
Environmental		(0.066)	(0.066)	(0.067)
Cross-border			10.513**	−22.58
Cross-border			(4.733)	(15.978)
Environmental * Cross-border				0.525**
Environmental * Cross-border				(0.242)
Constant	39.089^***	45.105^***	44.495^***	41.752^***
Constant	(14.342)	(14.529)	(14.446)	(14.421)
R2	0.319	0.328	0.338	0.348
Year fix effects	Yes	Yes	Yes	Yes
Industry fix effects	Yes	Yes	Yes	Yes
Observations	362	362	362	362

	(1)	(2)	(3)	(4)
Acquirer Size	−0.701	−2.121	−2.235^*	−1.94
Acquirer Size	(1.129)	(1.299)	(1.293)	(1.293)
Cash Payment	−17.904***	−18.135***	−15.901***	−15.652***
Cash Payment	(3.563)	(3.545)	(3.665)	(3.646)
Stake Purchase	−26.096***	−25.416***	−23.529***	−23.092***
Stake Purchase	(3.158)	(3.156)	(3.251)	(3.239)
Deal Attitude	−3.571	−2.573	−1.287	−0.181
Deal Attitude	(5.363)	(5.353)	(5.353)	(5.348)
Environmental		0.144**	0.135**	0.105
Environmental		(0.066)	(0.066)	(0.067)
Cross-border			10.513**	−22.58
Cross-border			(4.733)	(15.978)
Environmental * Cross-border				0.525**
Environmental * Cross-border				(0.242)
Constant	39.089^***	45.105^***	44.495^***	41.752^***
Constant	(14.342)	(14.529)	(14.446)	(14.421)
R2	0.319	0.328	0.338	0.348
Year fix effects	Yes	Yes	Yes	Yes
Industry fix effects	Yes	Yes	Yes	Yes
Observations	362	362	362	362

Note(s): * represents p < 0.1, ** represents p < 0.05, *** represents p < 0.01