Variables | Non-Covid | Covid | Non-WSCity | WSCity |
z_YieldSpread | z_YieldSpread | z_YieldSpread | z_YieldSpread | |
z_Amount | −0.1602*** | −0.1521** | −0.1172** | −0.4092** |
(−12.052) | (−2.482) | (−2.186) | (−2.096) | |
Soe | −0.3480 | −0.4710* |
|
|
(−1.193) | (−1.890) |
|
| |
Green | 0.0707 | −0.0609 | 0.0153 | −0.3916** |
(0.626) | (−0.999) | (0.193) | (−2.210) | |
City | 0.0931 | 0.1276* |
|
|
(0.837) | (1.850) |
|
| |
Secure | −0.4675*** | −0.2427*** | −0.1314 | −0.2998 |
(−3.145) | (−2.910) | (−1.551) | (−1.645) | |
z_MainScore | −0.3775*** | −0.3739*** | −0.4048*** | −0.5315** |
(−4.728) | (−7.393) | (−8.306) | (−2.119) | |
z_DebtScore | −0.3356*** | −0.1931*** | −0.2020*** | −0.3705*** |
(−5.273) | (−5.297) | (−4.847) | (−5.998) | |
z_M2 | 0.1031 | −0.0739 | −0.0194 | −0.1197 |
(0.714) | (−1.596) | (−0.263) | (−0.895) | |
z_pGDP | 0.0291 | −0.1131* | −0.3025*** | −0.1122 |
(0.294) | (−1.885) | (−3.361) | (−0.463) | |
z_Fiscal | −0.2897* | −0.0751 | 0.0113 | 0.0513 |
(−1.862) | (−1.321) | (0.123) | (0.353) | |
z_HS | −0.0790 | −0.0197 | −0.0527 | 0.0140 |
(−1.231) | (−0.677) | (−1.337) | (0.143) | |
z_Oil | 0.0511 | 0.0394 | 0.0207 | −0.1183 |
(0.991) | (1.214) | (0.499) | (−0.914) | |
z_USD | 0.0009 | 0.1365** | 0.0173 | 0.1834 |
(0.013) | (2.437) | (0.291) | (1.509) | |
Constant | 0.1369 | 0.6253* | 0.3373 | 1.0468** |
(0.293) | (1.876) | (1.306) | (2.118) | |
Observations | 110 | 452 | 244 | 64 |
R-squared | 0.863 | 0.720 | 0.718 | 0.722 |
Region FE | YES | YES | YES | YES |
Year FE | YES | YES | YES | YES |