Terms | Coefficients | 2011 | 2013 | 2014 | 2015 | 2016 | 2017 |
---|---|---|---|---|---|---|---|
\(I_{m,t}/I_{m',t}\) | \(\tau _1=\alpha _1-\beta _1\) | 0.056 | 0.048 | 0.042 | 0.016 | 0.027 | 0.105 |
\(UR_{m,t}/UR_{m',t}\) | \(\tau _2=\alpha _2-\beta _2\) | −0.043 | −0.035 | −0.031 | −0.005 | −0.019 | −0.026 |
\(RANK_{m,t}/RANK_{m',t}\) | \(\tau _3=\alpha _3-\beta _3\) | −0.106 | −0.081 | −0.071 | −0.062 | −0.042 | −0.047 |
\(R^2\) | 0.606 | 0.528 | 0.478 | 0.476 | 0.438 | 0.485 | |
\({\overline{R}}^2\) | 0.606 | 0.528 | 0.478 | 0.475 | 0.437 | 0.485 |