Coefficients

T-stats

P-Value

Constant

3.4069

0.8867

0.0003

FCD Dummy

0.2134

0.2087

0.3099

Size (log of total assets)

−0.2250

0.1155

0.0554

ROA

−0.2443

0.2978

0.4147

Growth (Capital Exp/Sales)

0.0025

0.0008

0.0029

R & D/Assets

16.6938

2.2967

0.0000