(1)

(2)

(3)

(4)

(5)

LNCSR

AC1

LNCSR

AC2

LNCSR

LNIC

0.738***

−0.0384***

0.647***

−0.00655**

0.739***

(10.24)

(−6.23)

(9.06)

(−2.43)

(10.22)

AC1

−2.497***

(−8.86)

AC2

0.0464

(0.12)

Cons

−7.732***

0.757***

−5.966***

0.191***

−7.741***

(−11.29)

(8.72)

(−8.57)

(5.40)

(−11.18)

N

9708

9908

9708

9908

9708

Adjusted R 2

0.124

0.084

0.145

0.027

0.124