crawford school of public policy
TRANSCRIPT
( 0 )R
( 1)R
1
1 1 2
{ } { }
{ } { }
NEWLYADOPTEDjt j
YEAR t
NEWLYADOPTEDjt
ADOPTERSj j
Zijt
NEWLYADOPTEDjt PREVLOSSit
NEWLYADOPTEDjt PREVLOSSit
Zijt AGEit
i INITIALCAPit
i NETPROFIT_POSit
i
PREVIOUSLOSSit NETPROFIT_NEGit
NETPROFIT_POSit
i t
NUMSUBjt
j PARENTASSETjt
j PARENTSALESjt
j PARENTGPROFITjt j
i
j
i j
NEWLYADOPTEDjt
NEWLYADOPTEDjt
NEWLYADOPTEDjt
ADOPTERSj
NEWLYADOPTEDjt
PREVLOSSit
PREVLOSSit
DOWNijt
NEWLYADOPTEDjt PREVLOSSit