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 | FE | FE | FE | FE | |
C | 0.90*** | 0.86*** | 1.00*** | − 0.32*** | 0.85*** | 0.76*** | 0.75*** | 0.72*** |
Leverage | 0.05* | 0.06** | 0.04ns | − 0.01ns | 0.00ns | 0.00ns | − 0.001ns | − 0.001ns |
Size: Ln(assets) | − 0.08*** | − 0.04** | ||||||
Size: Ln(sales) | − 0.09*** | − 0.01ns | ||||||
Size: Ln(MVE) | − 0.08*** | − 0.0001ns | ||||||
Size: number of employees | 0.09*** | 0.002ns | ||||||
Year fixed effect | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
R2 | 0.18 | 0.19 | 0.17 | 0.14 | 0.09 | 0.09 | 0.09 | 0.09 |
#Observations | 1250 | 1250 | 1250 | 1250 | 1250 | 1250 | 1250 | 1250 |