Strengths	Basic Mat.		Communic.		Cons. Cyclic		Con. Non-Cyc		Energy		Industrials		Technology		Utilities
Strengths	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.	Beta	Sig.
CSR_S1	0.292	0.005	0.005	0.962	0.138	0.004	0.013	0.775	0.130	0.204	0.246	0.000	0.117	0.057	0.229	0.049
CSR_S2	0.563	0.000	0.934	0.000	0.873	0.000	1.021	0.000	0.665	0.000	0.710	0.000	0.909	0.000	0.598	0.000
ROAt	0.256	0.134	0.213	0.093	0.020	0.641	0.034	0.525	0.121	0.340	0.075	0.276	0.001	0.992	−0.255	0.761
CACLt	−0.011	0.584	0.000	0.967	0.000	0.919	0.004	0.224	0.000	0.999	0.001	0.638	0.003	0.170	−0.025	0.393
LnTA	0.045	0.020	0.032	0.003	0.013	0.015	0.015	0.000	0.034	0.001	0.029	0.000	0.025	0.000	0.027	0.069
FinDiss	0.009	0.862	0.028	0.497	0.023	0.258	−0.011	0.535	−0.026	0.368	0.050	0.013	−0.004	0.853	−0.105	0.010
R square	85.70%		89.00%		83.20%		91.10%		83.70%		82.90%		94.60%		75.80%