Coefficients

T-stats

P-Value

Constant

−0.2675

0.4294

0.5351

FCD Dummy

−0.0628

0.1010

0.5355

Size (log of total assets)

0.0737

0.0553

0.1859

ROA

−0.3309

0.2009

0.1035

Growth (Capital Exp/Sales)

0.6762

0.3032

0.0286

R & D/Assets

0.0803

0.2334

0.7316