| DEBT | ||
LnEPU | −0.006887*** (−3.35) | −0.023710*** (−4.78) | |
NEWTONE * LnEPU | 0.103145*** (5.20) | 0.080588*** (3.94) | |
NEWTONE1 | −0.446442*** (−4.02) |
| |
NEWTONE2 |
| −0.344231*** (−3.08) | |
Cons | 0.641371*** (9.91) | 0.732953*** (10.15) | |
Control Variable | Yes | Yes | |
Firm FE | Yes | Yes | |
Year FE | Yes | Yes | |
Ind Clustering | Yes | Yes | |
Obs | 18,005 | 18,005 | |
Adj-R2 | 0.0424 | 0.0411 |