Table 9 Family control and CSRPD (Heckman).
Variables | Expected Sign | (1) | (2) |
|---|---|---|---|
Family | - | −0.004*** | −0.003** |
(0.001) | (0.001) | ||
BIND | + | −0.284 | −0.313 |
(0.342) | (0.343) | ||
Family*BIND | ? | 0.042** | |
(0.020) | |||
BSIZE | + | 0.020 | 0.019 |
(0.014) | (0.014) | ||
OWCO | + | 0.000 | 0.000 |
(0.001) | (0.001) | ||
IOW | + | −0.002 | −0.004 |
(0.008) | (0.008) | ||
FOWN | + | −0.013 | −0.018 |
(0.019) | (0.019) | ||
FAGE | + | 0.064 | 0.082 |
(0.083) | (0.083) | ||
SGROWTH | + | −0.016 | −0.025 |
(0.074) | (0.074) | ||
ROA | + | −0.000 | 0.000 |
(0.005) | (0.005) | ||
FSIZE | + | 0.251*** | 0.250*** |
(0.026) | (0.026) | ||
LEVEG | - | −0.002 | −0.002 |
(0.002) | (0.002) | ||
MTB | + | 0.041*** | 0.041*** |
(0.012) | (0.012) | ||
LOSS | - | −0.041 | −0.039 |
(0.064) | (0.064) | ||
BETA | - | −0.095*** | −0.096*** |
(0.024) | (0.024) | ||
IMR | 0.059 | 0.120 | |
(0.256) | (0.258) | ||
_cons | ? | −3.249*** | −3.304*** |
(0.274) | (0.278) | ||
Observations | 837 | 837 | |
R-squared | 0.499 | 0.501 | |
Year Effects | Yes | Yes | |
Sector Dummies | Yes | Yes |
