Explanatory variable | Parameter estimate | T-statistic | P value |
INTERCEPT | 10.452 | 3.737 | 0.001* |
FTt | −6.649 | −3.790 | 0.001* |
EGROWTHt | 1.278 | 5.589 | 0.000* |
RNTt | −4.764 | −0.703 | 0.489 |
TBALt | 1.020 | 8.003 | 0.000* |
SRATIOt | 0.550 | 4.666 | 0.000* |