OverallT angibles

Size

P rof itability
Q

EarningsV olatility

M arginalT axRate

RatingDummy

Obs.
Adj.R2

Market Leverage
0.251***

Book Leverage
0.190***

(0.055)

(0.073)

[25.34]

[15.15]

0.004

0.014

(0.006)

(0.073)

[5.24]
-0.115***
(0.020)
[-6.56]
-0.047***

[14.03]
-0.118***
(0.040)
[-5.30]
-0.014**

(0.004)

(0.007)

[-17.78]

[-4.27]

0.024

-0.231

(0.067)

(0.296)

[-0.79]

[-5.98]

0.158***

-0.211***

(0.027)
[-4.26]

(0.037)
[-4.46]

0.044***

0.069***

(0.009)
[0.04]
8,645
0.214

(0.013)
[0.07]
8,645
0.088