From: Sensitivity of firm size measures to practices of corporate finance: evidence from BRICS
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
---|---|---|---|---|---|---|---|---|
Pooled OLS | Pooled OLS | Pooled OLS | Pooled OLS | RE | RE | RE | FE | |
C | 0.76*** | 0.87*** | 0.59*** | 0.13*** | 0.63*** | 0.70*** | 0.52*** | 0.82*** |
Log (segments) | − 0.04*** | − 0.04*** | − 0.04*** | − 0.04*** | 0.00ns | 0.00ns | − 0.01ns | 0.00ns |
Performance | 0.06*** | 0.06*** | 0.07*** | 0.01*** | 0.07*** | 0.07*** | 0.06*** | 0.08*** |
Size: Ln(assets) | 0.03** | 0.04*** | ||||||
Size: Ln(sales) | 0.02ns | 0.03** | ||||||
Size: Ln(MVE) | 0.05*** | 0.09*** | ||||||
Size: number of employees | 0.09*** | − 0.01ns | ||||||
Year fixed effect | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
R2 | 0.15 | 0.15 | 0.16 | 0.29 | 0.14 | 0.14 | 0.08 | 0.09 |
#Observations | 1250 | 1250 | 1250 | 1250 | 1250 | 1250 | 1250 | 1250 |