		(1)
VARIABLES	LABELS	Completion
		
treatpost	treatpost	0.154***
		(0.033)
treat	treat	-0.127***
		(0.030)
TQ	ltobin	-0.002
		(0.005)
CF	lcflow	0.449***
		(0.125)
Size	lsize	0.000
		(0.002)
Age	lage	-0.000
		(0.002)
Leverage	ltl	0.003
		(0.036)
MB	lmbratio	0.062
		(0.041)
Top1	ltop1	0.248**
		(0.097)
Top_Minus	ltop1_minus_2	-0.125
		(0.106)
Lnsalary	lLnsalary	0.036***
		(0.008)
Boardsize	lBoardsize	-0.038
		(0.037)
Independent_Ratio	lInd_ratio	0.084
		(0.166)
Dual	lDual	0.024**
		(0.008)
Seperation	lSeperation	0.140**
		(0.058)
		
Observations		4,376
R-squared		0.059
Adjuested R2		0.0510
Robust standard errors in parentheses		
*** p<0.01, ** p<0.05, * p<0.1		
