Future Business Journal

Table 12 Regression analysis of dummy dependent variables

From: Sensitivity of firm size measures to practices of corporate finance: evidence from BRICS

	Dividend policy				Pay level
	Coefficient	Odds ratio	p > \|z\|	R²	Coefficient	Odds ratio	p > \|z\|	R²
Total assets	.013	1.01	0.70	0.001	.71	2.02	0.00	0.18
Total sales	.045	1.05	0.19	0.001	.53	1.70	0.00	0.16
MVE	.136	1.15	0.00	0.02	.51	1.66	0.00	0.20
Number of employees	.185	1.20	0.00	0.019	.21	1.24	0.00	0.02

Dependent variable: dividend policy (Dummy); pay level (Dummy), n = 1250

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