Coefficients | T-stats | R-square | P-Value | |
Size (log of total assets) | −1.2435 | −4.8045 | 0.2043 | 0.0000 |
ROA | −3.5985 | −4.4953 | 0.4996 | 0.0000 |
Growth (Capital Exp/Sales) | −0.0014 | −0.7987 | 0.0001 | 0.4267 |
R & D/Assets | 5.7056 | 9.1667 | 0.5203 | 0.0000 |
Diversification Dummy | −1.2311 | −2.7136 | 0.0500 | 0.0081 |
Advertising/Assets | −9.3772 | −2.4957 | 0.0061 | 0.0145 |
Dividend Dummy | −1.7686 | −2.4091 | 0.1019 | 0.0182 |
Debt to Equity | −0.0073 | −0.6169 | 0.0044 | 0.5389 |
Foreign Sales/Total Sales | 0.6224 | 0.6057 | 0.0054 | 0.5464 |