Identification of variables
| Variable | Operational definition | Group | Category |
|---|---|---|---|
| BVPSi,t | Independent | Numerical | Continuous |
| DACi,t | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| ΔWCi,t | Dependent | Numerical | Continuous |
| ΔΤqi,t | Independent | Numerical | Continuous |
| ΔTAi,t | Independent | Numerical | Continuous |
| LEVi,t | Independent | Numerical | Continuous |
| MVi,t | Independent | Numerical | Continuous |
| NPPSi,t | Independent | Numerical | Continuous |
| OCFi,t | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| Pi,t | Dependent | Numerical | Continuous |
| RRi,t | Dependent | Categorical | Dichotomous |
| Size | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| Investment | Variables of interest | Numerical | Continuous |
| Growth | Variables of interest | Numerical | Continuous |
| Profitability | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| Liquidity | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| Leverage | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous |
| Variable | Operational definition | Group | Category |
|---|---|---|---|
| BVPSi,t | Independent | Numerical | Continuous |
| DACi,t | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| ΔWCi,t | Dependent | Numerical | Continuous |
| ΔΤqi,t | Independent | Numerical | Continuous |
| ΔTAi,t | Independent | Numerical | Continuous |
| LEVi,t | Independent | Numerical | Continuous |
| MVi,t | Independent | Numerical | Continuous |
| NPPSi,t | Independent | Numerical | Continuous |
| OCFi,t | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| Pi,t | Dependent | Numerical | Continuous |
| RRi,t | Dependent | Categorical | Dichotomous |
| Size | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| Investment | Variables of interest | Numerical | Continuous |
| Growth | Variables of interest | Numerical | Continuous |
| Profitability | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| Liquidity | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous | |
| Leverage | Independent | Numerical | Continuous |
| Variables of interest | Numerical | Continuous |