Table 5 Fund flow deficit model Model 3:...

Table 5

Fund flow deficit model

Model 3: $Ṣ u k ū k_{i t} = a_{i} + γ {DEF}_{i t} {(Funds flow deficit)}_{i t} + ε_{i}$

Note(s): *Significant at 5% level, **Significant at 1% level

${DEF}_{i t} {(Funds flow deficit)}_{i t}$

Sharing Unavailable