Estimation results for H4 by using PGLM
| Variable | Coefficient | SD | t-statistic | p-value |
|---|---|---|---|---|
| Constant | 0.985 | 0.068 | 14.528 | <0.001*** |
| ACINST | 0.0008 | 0.032 | 0.026 | 0.978 |
| INACINST | −0.006 | 0.046 | −0.131 | 0.895 |
| LEV | −0.051 | 0.024 | −2.137 | 0.032** |
| SIZE | −0.007 | 0.005 | −1.518 | 0.129 |
| Variable | Coefficient | SD | ||
|---|---|---|---|---|
| Constant | 0.985 | 0.068 | 14.528 | <0.001*** |
| 0.0008 | 0.032 | 0.026 | 0.978 | |
| −0.006 | 0.046 | −0.131 | 0.895 | |
| −0.051 | 0.024 | −2.137 | 0.032** | |
| −0.007 | 0.005 | −1.518 | 0.129 |
Notes: *,**,***Statistical significance at 10, 5 and 1 percent, respectively
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