Total source

0

1

2

3

4

5

6

7

8

9

Market debt

MVBV

1.671

1.517

1.435

1.707

1.516

2.381

ROA

0.038

0.035

0.029

0.033

0.022

0.043

Obs

13341

6013

2541

716

90

7

Traditional debt

MVBV

2.448

1.v687

1.423

1.170

1.148

0.786

0.151

ROA

0.068

0.044

0.026

0.018

0.011

0.022

−0.056

Obs

2871

8425

7423

3365

566

57

1.000

Total debt

MVBV

2.410

1.707

1.515

1.410

1.311

1.303

1.318

1.006

0.812

0.493

ROA

0.068

0.042

0.033

0.029

0.021

0.020

0.017

0.017

0.006

0.023

Obs

2608

5356

6242

4495

2421

1095

382

91

16

2