Coefficients | T-stats | R-square | P-Value | |
Size (log of total assets) | −0.2567 | −3.0773 | 0.0886 | 0.0029 |
ROA | −0.4991 | −1.8741 | 0.0390 | 0.0647 |
Growth (Capital Exp/Sales) | 0.0027 | 4.7422 | 0.0047 | 0.0000 |
R & D/Assets | 19.1419 | 7.9331 | 0.1538 | 0.0000 |
Diversification Dummy | −0.1487 | −0.8512 | 0.0084 | 0.3973 |
Advertising/Assets | −2.5760 | −1.7372 | 0.0056 | 0.0863 |
Dividend Dummy | −0.2519 | −1.2149 | 0.0215 | 0.2159 |
Debt to Equity | −0.0737 | −1.8515 | 0.0358 | 0.6790 |
Foreign Sales/Total Sales | 0.2685 | 0.8256 | 0.0099 | 0.4116 |