Table 5 Results of regression on RealREM... | Emerald Publishing

Table 5

Results of regression on RealREM

	Coefficient	Robust std. error
Parent	−0.154*	0.020
AEM	0.166	0.170
FirmSize	0.028*	0.005
DebtSize	0.181*	0.038
InstOwn	−0.025*	0.002
MB	−1.734*	0.577
InstQual	−0.047*	0.009
Econ	0.000	0.002
Intercept	0.204	0.128
Year	Yes
Firm clusters	Yes
No. of observations	14,964
R²	0.058
ρ	0.537
Breusch–Pagan LM test p > ${\bar{χ}}^{2}$	0.000

	Coefficient	Robust std. error
Parent	−0.154*	0.020
AEM	0.166	0.170
FirmSize	0.028*	0.005
DebtSize	0.181*	0.038
InstOwn	−0.025*	0.002
MB	−1.734*	0.577
InstQual	−0.047*	0.009
Econ	0.000	0.002
Intercept	0.204	0.128
Year	Yes
Firm clusters	Yes
No. of observations	14,964
R²	0.058
ρ	0.537
Breusch–Pagan LM test p > ${\bar{χ}}^{2}$	0.000

Note(s): *p < 0.01