RDP 9313: The Determinants of Corporate Leverage: A Panel Data Analysis Equation (7)

H 0 : E ( u t | X t , ξ t ) = 0 MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamisamaaBaaaleaacaaIWaaabeaakiaacQdacaWGfbWaaeWaaeaacaWG1bWaaSbaaSqaaiaaxcW7caWG0baabeaakiaacYhacaWGybWaaSbaaSqaaiaadshaaeqaaOGaaiilaiabe67a4naaBaaaleaacaWG0baabeaaaOGaayjkaiaawMcaaiabg2da9iaaicdaaaa@46E1@