A regression was carried out aimed at assessing the effect of the offer price of an initial public offering (IPO) on the chances of failure of the firm issuing the IPO over various time periods from the time of the offering (the maximum length of time being 5 years).
The sample was of 2,058 firms, and the regression slope estimate was 0.051. The reported p-value was 0.034. What was the standard error of the slope estimate? Interpret the findings.