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

Table 5

Regression results of the relationship between age characteristics of board members and investment efficiency of refinancing companies.

	(1)	(2)
		0.052
(0.014)
		−0.001
		(0)
	−0.001	0
	(0.001)	(0.001)
	−0.006	−0.006
	(0.005)	(0.005)
	0.008	0.013
	(0.015)	(0.015)
	−0.026	−0.023
	(0.006)	(0.006)
	0.034	0.034
	(0.003)	(0.003)
	−0.002	−0.005
	(0.002)	(0.002)
	0	0
	(0)	(0)
	−0.001	−0.001
	(0)	(0)
	0.002	0.001
	Controlled	Controlled
	Controlled	Controlled
	0.076	0.121
	(0.019)	(0.019)
	6034	6034
	0.115	0.106

Standard errors are shown in parentheses , , and .