Explanatory variable

Parameter estimate

T-statistic

P value

INTERCEPT

8.083

3.446

0.002^*

INVEST_t−1

0.227

2.471

0.021^*

FT_t

−5.142

−3.878

0.001^*

RNT

−16.042

−3.589

0.002^*

RNT_t−1

12.358

−3.015

0.006^*

EGROWTH_t

0.988

6.269

0.000^*

TBAL_t

0.789

7.237

0.000^*

SRATIO_t

0.425

4.096

0.000^*