| Variables | (1) | (2) | (3) | (4) | (5) |
| Loan Maturity | Loan Maturity | Loan Maturity | Loan Maturity | Loan Maturity | |
| Power_Sales | 0.000104 | −5.98E−05 | −5.97E−05 | −0.00312 | −0.00306 |
| (0.00232) | (0.00248) | (0.00248) | (0.00349) | (0.00357) | |
| Size |
| 0.390 | 0.389 | 0.548* | 0.545* |
|
| (0.245) | (0.250) | (0.311) | (0.296) | |
| Leverage |
|
| −0.00210 | 0.0140 | 0.00126 |
|
|
| (0.0384) | (0.0462) | (0.0476) | |
| Market_Book (M/B) |
|
|
| 0.0368 | 0.0375 |
|
|
|
| (0.0268) | (0.0253) | |
| Sales_Growth (S/G) |
|
|
| −0.000571 | −0.000351 |
|
|
|
| (0.000719) | (0.000753) | |
| Tangibility |
|
|
|
| 0.379 |
|
|
|
|
| (0.660) | |
| Profitability |
|
|
|
| 0.120 |
|
|
|
|
| (0.0855) | |
| Long_Term_Debt_Ratio |
|
|
|
| 0.397 |
|
|
|
|
| (0.734) | |
| Constant | 1.577*** | −7.289 | −7.270 | −11.00 | −11.09 |
| (0.00872) | (5.571) | (5.691) | (7.081) | (6.784) | |
| Observations | 649 | 648 | 648 | 526 | 526 |
| R-squared | 0.000 | 0.012 | 0.012 | 0.026 | 0.030 |
| Number of code | 156 | 156 | 156 | 135 | 135 |