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