124 INTERDEPENDENCIES AMONG CORPORATE FINANCIAL POLICIES
TABLE 6.8 (Continued)
1968 1969 1970 1971Variable Coeff T-Stat Coeff T-Stat Coeff T-Stat Coeff T-Stat
Intercept 0.154 4.87 0.25 7.12 0.431 5.33 0.073 2.74
PKL 0.144 2.73 0.055 0.65 –0.103 –0.52 0.014 0.75
CAK –0.272 –5.41 –0.345 –5.97 –0.54 –4.06 0.007 0.33
D2sales 0.059 0.98 0.132 1.42 –0.106 –0.57 –0.004 –0.28
DS –4.21 –5.86 –4.768 –4.38 –7.094 –1.91 –1.589 –1.59
FS 1.772 4.04 0.863 1.31 1.955 1.26 1.529 19.13
1972 1973 1974 1975Variable Coeff T-Stat Coeff T-Stat Coeff T-Stat Coeff T-Stat
Intercept 0.205 9.69 0.173 13.34 0.233 12.52 0.215 13.36
PKL 0.026 0.56 0.128 3.62 0.093 2.67 0.076 2.36
CAK –0.248 –8.13 –0.232 –11.15 –0.279 –9.74 –0.233 –9.54
D2sales 0.04 2.15 0.024 1.24 0.027 1.18 –0.07 –4.54
DS –2.485 –7 –2.516 –10.3 –5.648 –8.56 –4.194 –5.13
FS 0.603 4.12 0.354 3.9 0.706 5.22 1.046 8.38
1976 1977 1978 1979Variable Coeff T-Stat Coeff T-Stat Coeff T-Stat Coeff T-Stat
Intercept 0.103 7.42 0.186 7 0.156 3.43 0.412 5.42
PKL 0.04 1.03 0 –0.17 0.158 1.5 0.293 1.77
CAK –0.049 –4.32 –0.122 –5.51 –0.327 –5.69 –0.218 –3.97
D2sales –0.027 –1.84 –0.059 –1.75 –0.308 –4.2 –0.07 –1.52
DS –1.828 –2.1 –3.806 –3.09 4.932 1.85 –21.081 –3.72
FS 1.696 12.53 1.521 7.28 1.586 6.36 1.177 4.1
1980 1981 1982 1983Variable Coeff T-Stat Coeff T-Stat Coeff T-Stat Coeff T-Stat
Intercept 0.186 6.25 0.16 3.32 0.205 7.31 0.377 3.26
PKL 0.051 1.16 0.006 0.13 –0.061 –1.02 0.606 1.92
CAK –0.167 –4.26 0.002 0.03 –0.038 –1.03 –0.096 –2.62
D2sales 0.01 0.59 0.009 0.23 0.008 0.73 –0.494 –2.18
DS –5.674 –3.92 –8.623 –4.31 –8.823 –5.19 –25.206 –2.6
FS 2.26 9.31 3.332 7.31 2.401 7.08 1.8 2.55