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

Table 8

Regression results of the relationship between SEO and investment efficiency (robustness test).

	(1)	(2)	(3)	(4)
		0.008
(0.001)
		0.009
		(0.001)
			0.007
			(0.006)
				−0.001
				(0.003)
	−0.001	−0.001	−0.001	−0.001
	(0)	(0)	(0)	(0)
	0.007	0.007	0.007	0.007
	(0.002)	(0.002)	(0.002)	(0.002)
	0.055	0.055	0.055	0.055
	(0.006)	(0.006)	(0.006)	(0.006)
	−0.009	−0.009	−0.009	−0.009
	(0.003)	(0.003)	(0.003)	(0.003)
	0.002	0.002	0.002	0.002
	(0)	(0)	(0)	(0)
	−0.009	−0.009	−0.009	−0.009
	(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)
	0.116	0.115	0.111	0.111
	(0.02)	(0.02)	(0.021)	(0.021)
	22472	22472	22472	22472
	0.057	0.057	0.054	0.054

Standard errors are shown in parentheses , , .