Table 10 Sample change.
(1) | (2) | |
|---|---|---|
ROA Full Sample | ROA After 2007 | |
DLWY | −0.013*** | −0.012*** |
(0.001) | (0.001) | |
BS | 0.008 | 0.402 |
(0.022) | (0.248) | |
BI | −0.029*** | −0.040*** |
(0.007) | (0.007) | |
CEO_Dual | 0.001* | 0.002** |
(0.001) | (0.001) | |
LEV | −0.141*** | −0.127*** |
(0.002) | (0.002) | |
Age | −0.052*** | −0.050*** |
(0.006) | (0.006) | |
Size | 0.013*** | 0.012*** |
(0.001) | (0.001) | |
RDI | −0.154*** | −0.164*** |
(0.045) | (0.043) | |
Tang | 0.031*** | 0.023*** |
(0.004) | (0.004) | |
cons | −0.212*** | −0.164*** |
(0.009) | (0.010) | |
Observations | 20427 | 17001 |
R-squared | 0.281 | 0.263 |
Industry Dummy | Yes | Yes |
Year Dummy | Yes | Yes |
