MONOPOLY Economics – Course Companion Blink and Dorton, 2007, Chapter 9, p105-113.
p105
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Market Leverage Book Leverage OverallTangibles 0.251*** 0.190*** (0.055) (0.073) [25.34] [15.15] Size 0.004 0.014 (0.006) (0.073) [5.24] [14.03] P rof itability -0.115*** -0.118*** (0.020) (0.040) [-6.56] [-5.30] Q -0.047*** -0.014** (0.004) (0.007) [-17.78] [-4.27] EarningsV olatility 0.024 -0.231 (0.067) (0.296) [-0.79] [-5.98] MarginalT axRate 0.158*** -0.211*** (0.027) (0.037) [-4.26] [-4.46] RatingDummy 0.044*** 0.069*** (0.009) (0.013) [0.04] [0.07] Obs. 8,645 8,645 Adj.R2 0.214 0.088 1
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Transcript of p105
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Market Leverage Book LeverageOverallTangibles 0.251*** 0.190***
(0.055) (0.073)
[25.34] [15.15]
Size 0.004 0.014
(0.006) (0.073)
[5.24] [14.03]Profitability -0.115*** -0.118***
(0.020) (0.040)[-6.56] [-5.30]
Q -0.047*** -0.014**
(0.004) (0.007)
[-17.78] [-4.27]
EarningsV olatility 0.024 -0.231
(0.067) (0.296)
[-0.79] [-5.98]
MarginalTaxRate 0.158*** -0.211***
(0.027) (0.037)
[-4.26] [-4.46]
RatingDummy 0.044*** 0.069***
(0.009) (0.013)[0.04] [0.07]
Obs. 8,645 8,645Adj.R2 0.214 0.088
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