Regression results of the impact of interaction on TFP
| Variable | Coeff | T-value | Coeff | T-value |
|---|---|---|---|---|
| Interact | 0.036*** | 4.12 | 0.030*** | 3.81 |
| Size | 0.303*** | 25.04 | ||
| Lev | 1.205*** | 16.34 | ||
| Roa | 7.306*** | 22.41 | ||
| Cfo | −2.408*** | −13.99 | ||
| PB | 0.036*** | 7.83 | ||
| Exfin | 0.026*** | 18.64 | ||
| Top1 | −0.058 | −0.88 | ||
| Indep | −0.535*** | −2.61 | ||
| Board | −0.407*** | −6.77 | ||
| Exeshare | 0.451*** | 7.16 | ||
| Exepay | 0.080*** | 4.73 | ||
| Audit | 0.021 | 0.23 | ||
| Constant | 6.997*** | 76.34 | −0.459 | −1.49 |
| Year and Ind | Yes | Yes | ||
| N | 16,665 | 16,665 | ||
| Adj·R2 | 0.160 | 0.329 | ||
| F-test | 54.82*** | 119.34*** | ||
| Variable | Coeff | Coeff | ||
|---|---|---|---|---|
| 0.036*** | 4.12 | 0.030*** | 3.81 | |
| 0.303*** | 25.04 | |||
| 1.205*** | 16.34 | |||
| 7.306*** | 22.41 | |||
| −2.408*** | −13.99 | |||
| 0.036*** | 7.83 | |||
| 0.026*** | 18.64 | |||
| −0.058 | −0.88 | |||
| −0.535*** | −2.61 | |||
| −0.407*** | −6.77 | |||
| 0.451*** | 7.16 | |||
| 0.080*** | 4.73 | |||
| 0.021 | 0.23 | |||
| Constant | 6.997*** | 76.34 | −0.459 | −1.49 |
| Yes | Yes | |||
| 16,665 | 16,665 | |||
| Adj· | 0.160 | 0.329 | ||
| 54.82*** | 119.34*** | |||
Note(s): This table reports results from OLS regressions of Tfp on Interact and control variables. See Table 1 for detailed descriptions of all variables. All specifications include year and industry fixed effects. Standard errors after robust adjustment are clustered at the firm-year level. ***, ** and * indicate statistical significance at the 0.01, 0.05 and 0.10 levels, respectively (two-tailed tests)
As a benefit of your subscription, you can share temporary access to restricted articles.
Each link will stop working after 30 days or 10 uses. You may create up to 10 links in a 30 day period.
Please sign in to your personal account to gift article access.
As a benefit of your subscription, you can share temporary access to restricted articles.
Each link will stop working after 30 days or 10 uses. You may create up to 10 links in a 30 day period.
Gift articles remaining: --
Each link will stop working after 30 days or 10 uses. You may create up to 10 links in a 30 day period.
Gift articles remaining: --
As a benefit of your subscription, you can share temporary access to restricted articles.
Each link will stop working after 30 days or 10 uses.
You have reached the limit of 10 links within a 30 day period.
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.