79
Table 4.12: Results for Covariate 5 - Liability for Acquisitions
|
τ = -0.5 |
τ = 0 |
τ = 0.2 |
τ = 0.5 |
τ = 0.8 | |
|
Parameters SE of Est Upper Bound Lower Bound |
-0.361 0.240 0.110 -0.832 |
-0.327 0.260 0.183 -0.836 |
-0.268 0.195 0.114 -0.650 |
0.056 0.226 0.498 -0.386 |
-0.162 0.181 0.192 -0.516 |
Liability - Betac
0.6
0.4
P=0.13
0.2 -
0.0
-0.2^c '
.6
-0.4
-0.2 0 0 0
0.4
0.6 0 8
-0.4
♦ Estimate
■ Upper Bound
Low er Bound
-0.6 -
P=0.80 P=0.37
-0.8
-1.0
P=0.21 P=0.17
Tau
Figure 4.10: Parameter Estimates of Liability for Acquisitions