Ownership Structure, Financial Decisions, and Institutional Setting: An International Analysis through Simultaneous Equations

Table 3

Results of the test of means comparison.

Variable	Civil law	Common law	𝑃-value
MBE	2.247	3.200	0.000
LEV	2.284	2.009	0.000
HERF	0.434	0.336	0.000
C1	26.524	11.087	0.000
INS	13.736	9.904	0.000
SIZE	3.554	3.776	0.000
ROA	0.078	0.103	0.000
RISK	0.002	1.012	0.000
OPORT	0.124	0.344	0.000