[Retracted] Empirical Research on Seasoned Equity Offerings, Board Member Characteristics, and Corporate Investment Efficiency

Table 4

Regression results of the relationship between SEO and investment efficiency.

	(1)	(2)	(3)	(4)
		0.006
(0.001)
		0.006
		(0.001)
			0.008
			(0.006)
				−0.002
				(0.002)
	−0.001	−0.001	−0.001	−0.001
	(0)	(0)	(0)	(0)
	−0.005	−0.004	−0.005	−0.005
	(0.002)	(0.002)	(0.002)	(0.002)
	−0.001	−0.001	−0.001	−0.001
	(0.006)	(0.006)	(0.006)	(0.006)
	−0.009	−0.009	−0.01	−0.01
	(0.003)	(0.003)	(0.003)	(0.003)
	0.031	0.031	0.031	0.031
	(0.002)	(0.002)	(0.002)	(0.002)
	−0.008	−0.008	−0.008	−0.008
	(0.001)	(0.001)	(0.001)	(0.001)
	0	0	0	0
	(0)	(0)	(0)	(0)
	−0.001	−0.001	−0.001	−0.001
	(0)	(0)	(0)	(0)
	0	0	0	0
	(0)	(0)	(0)	(0)
	Controlled	Controlled	Controlled	Controlled
	Controlled	Controlled	Controlled	Controlled
	0.08	0.08	0.077	0.076
	(0.011)	(0.011)	(0.011)	(0.011)
	23963	23963	23963	23963
	0.116	0.116	0.115	0.114

Standard errors are shown in parentheses , , and .