The effect of labor intensity
| Cash | ||
|---|---|---|
| Coefficients | t-statistic | |
| Heter | 0.402*** | (3.822) |
| Heter×Laborinten | 0.024*** | (3.364) |
| Laborinten | 0.007 | (1.232) |
| Ocf | 0.216*** | (14.482) |
| Sdsale | 0.168*** | (4.380) |
| Lev | −0.243*** | (−23.083) |
| Size | −0.002 | (−1.189) |
| Btm | −0.017*** | (−2.982) |
| Indcomp | −0.199*** | (−5.495) |
| Dual | 0.007** | (2.396) |
| Firstshr | 0.025** | (2.575) |
| Age | −0.001*** | (−2.919) |
| Soe | 0.005 | (1.605) |
| Constant | 0.342*** | (3.819) |
| Industry fixed effects | Yes | |
| Year fixed effects | Yes | |
| Observations | 26,890 | |
| Adjusted R-squared | 0.236 | |
| Coefficients | ||
|---|---|---|
| 0.402*** | (3.822) | |
| 0.007 | (1.232) | |
| 0.216*** | (14.482) | |
| 0.168*** | (4.380) | |
| −0.243*** | (−23.083) | |
| −0.002 | (−1.189) | |
| −0.017*** | (−2.982) | |
| −0.199*** | (−5.495) | |
| 0.007** | (2.396) | |
| 0.025** | (2.575) | |
| −0.001*** | (−2.919) | |
| 0.005 | (1.605) | |
| Constant | 0.342*** | (3.819) |
| Industry fixed effects | Yes | |
| Year fixed effects | Yes | |
| Observations | 26,890 | |
| Adjusted | 0.236 | |
Note(s): *, ** and *** represent significance levels of 0.10, 0.05 and 0.01, respectively. OLS regression is adopted and standard errors are clustered at firm level
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.