Variables

(1)

(2)

(3)

(4)

(5)

Loan Amount

Loan Amount

Loan Amount

Loan Amount

Loan Amount

Power_Total_Assets

−16,613

−3898

−3971

1144

−1813

(14,620)

(14,545)

(14,560)

(16,529)

(18,611)

Size

−24,533***

−24,384***

−23,472***

−24,249***

(7986)

(7995)

(7983)

(7912)

Leverage

324.9

1281

1671

(687.7)

(2215)

(2291)

Market_Book (M/B)

816.8

813.2

(1036)

(1052)

Sales_Growth (S/G)

23.47

22.18

(33.29)

(33.29)

Tangibility

29,848

(26,946)

Profitability

231.1

(1243)

Long_Term_Debt_Ratio

−14,336

(9165)

Constant

38,542***

594,554***

590,966***

565,044***

578,945***

(503.2)

(180,987)

(181,199)

(180,316)

(179,211)

Observations

1439

1439

1439

1215

1215

R-squared

0.000

0.005

0.005

0.019

0.021

Number of code

220

220

220

198

198