Table 3.1
Predictors of Aggregate Fees and Expenses
	(1)	(2)	(3)	(4)	
	FeeExpOrd	FeeExpOrd	FeeExpOrd	FeeExpOrd	
VARIABLES	(log)	(log)	(log)	(log)	
					
Assets (log)	0.750***	0.684***	0.496***	0.484***	
	(0.054)	(0.052)	(0.071)	(0.070)	
Prepackaged		-1.851**	-1.959**	-2.053***	
		(0.582)	(0.623)	(0.503)	
Prenegotiated		-0.604***	-0.504**	-0.584***	
		(0.166)	(0.150)	(0.143)	
Sales (log)			0.252***	0.212***	
			(0.054)	(0.052)	
YearFiled				0.072**	
				(0.027)	
Shop				0.361*	
				(0.149)	
Constant	11.299***	12.019***	8.124***	-135.536*	
	(0.394)	(0.411)	(0.805)	(53.700)	
					
Observations	102	102	102	102	
Adjusted R-squared	0.67	0.75	0.78	0.81	
Robust standard errors in parentheses
*** p<0.001, ** p<0.01, * p<0.05, † p<0.10