Variables

(1)

(2)

(3)

(4)

(5)

Loan Amount

Loan Amount

Loan Amount

Loan Amount

Loan Amount

Power_Total_Assets

206,279*

71,997

55,222

21,712

13,596

(105,303)

(81,596)

(74,421)

(70,251)

(67,254)

Size

−320,767***

−283,651***

−220,137***

−208,524***

(39,947)

(30,017)

(25,851)

(26,517)

Leverage

7881**

5079**

5030**

(3078)

(2269)

(2212)

Market_Book (M/B)

2488***

2373***

(619.1)

(569.3)

Sales_Growth (SG)

134.6

−123.4

(223.9)

(254.0)

Tangibility

17,347

(70,153)

Profitability

4747*

(2489)

Long_Term_Debt_Ratio

−47,470

(51,488)

Constant

277,419***

6.882e+06***

6.088e+06***

4.725e+06***

4.477e+06***

(3039)

(821,425)

(613,477)

(535,149)

(553,268)

Observations

31,531

31,531

31,531

25,549

25,539

R-squared

0.003

0.056

0.063

0.091

0.092

Number of code

505

505

505

498

498