| BR | RS | IN |
Panel A:unconditional | |||
RS | 0.499*** |
|
|
IN | 0.330*** | 0.432*** |
|
CH | 0.196*** | 0.227*** | 0.273*** |
Panel B:conditional | |||
RS | 0.288*** |
|
|
IN | 0.184*** | 0.353*** |
|
CH | 0.184*** | 0.207*** | 0.258*** |