Table 5 Regression results of ROE on Cost of Debt (Alternate measure of firm performance)
From: Do financing institutions consider operating performance in estimating cost of debt?
VARIABLES | COD |
|---|---|
ROE | − 0.053** |
[− 2.34] | |
Control variables | Controlled |
Industry fixed effects | Controlled |
Year effects | Controlled |
Constant | 0.140*** |
[3.48] | |
Observations | 547 |
R-squared | 0.13 |
Adj. R-squared | 0.09 |