| Variables | (1) | (2) | (3) | (4) | (5) |
| Loan Maturity | Loan Maturity | Loan Maturity | Loan Maturity | Loan Maturity | |
| Power_Sales | 0.000186 | 0.000187 | 0.000188 | 0.000143 | 0.000132 |
| (0.000276) | (0.000276) | (0.000276) | (0.000317) | (0.000320) | |
| Size |
| −0.00110 | −0.00723 | −0.00356 | −0.00190 |
|
| (0.0220) | (0.0234) | (0.0257) | (0.0260) | |
| Leverage |
|
| −0.00261 | −0.00314 | −0.00317 |
|
|
| (0.00190) | (0.00221) | (0.00227) | |
| Market_Book (M/B) |
|
|
| −0.000143 | −0.000124 |
|
|
|
| (0.000255) | (0.000262) | |
| Sales_Growth (S/G) |
|
|
| 0.000214 | 0.000215 |
|
|
|
| (0.000233) | (0.000232) | |
| Tangibility |
|
|
|
| 0.236** |
|
|
|
|
| (0.109) | |
| Profitability |
|
|
|
| −4.12E−05 |
|
|
|
|
| (0.00222) | |
| Long_Term_Debt_Ratio |
|
|
|
| 0.0142 |
|
|
|
|
| (0.0920) | |
| Constant | 1.637*** | 1.661*** | 1.799*** | 1.720*** | 1.634*** |
| (0.000153) | (0.474) | (0.505) | (0.555) | (0.559) | |
| Observations | 28,203 | 28,199 | 28,199 | 23,004 | 23,001 |
| R-squared | 0.000 | 0.000 | 0.000 | 0.000 | 0.001 |
| Number of code | 608 | 608 | 608 | 600 | 600 |