Table 8. Regression results of cash... | Emerald Publishing

Table 8.

Regression results of cash holdings and systematic risk (β)

	Model 1		Model 2
(Intercept)	0.452	^***
	−0.028
CH	0.067	^*	0.069	^*
	(0.039)		(0.038)
SIZE	0.01	^***	0.01	^***
	(0.001)		(0.001)
BEME	−0.012	^***	−0.013	^***
	(0.002)		(0.002)
R^2	0.052		0.056
Observations	3.301		3.301

	Model 1		Model 2
(Intercept)	0.452	^***
	−0.028
CH	0.067	^*	0.069	^*
	(0.039)		(0.038)
SIZE	0.01	^***	0.01	^***
	(0.001)		(0.001)
BEME	−0.012	^***	−0.013	^***
	(0.002)		(0.002)
R^2	0.052		0.056
Observations	3.301		3.301

Notes:

*

10% significance level,

**

5% significance level,

***

1% significance level

Source: Own elaboration