Table 9 Baseline regression results.
Variable name | (1) SDI | (2) SDI | (3) SDI |
|---|---|---|---|
AI | 0.002*** (11.02) | 0.002*** (11.06) | 0.001*** (6.22) |
Size | Â | Â | 0.018*** (42.74) |
Lev |  |  | − 0.170*** (− 56.19) |
AT | Â | Â | 0.041*** (31.28) |
RG | Â | Â | 0.040*** (25.86) |
Tobin’s Q |  |  | 0.010*** (21.73) |
_cons | 0.022*** (11.80) | 0.012* (1.94) | − 0.350*** (− 33.89) |
Year | No | Yes | Yes |
Industry | No | Yes | Yes |
R2 | 0.005 | 0.051 | 0.370 |