| Variables | (1) | (2) |
| ROA | ROE | |
| Power_Sales | −3.82E−06 | −5.50E−05 |
| (7.68E06) | (6.68E05) | |
| Interest_Rate | −8.43E−06 | −3.79E−05 |
| (3.19E+05) | (7.04E+05) | |
| Loan_Maturity | 0.002 | −0.108** |
| (0.895) | (0.041) | |
| Loan_Amount | −0.0345 | 0.0155 |
| (0.0499) | (0.0480) | |
| Rating | −0.000957 | −0.00441 |
| (0.00134) | (0.00417) | |
| Size | −0.00776* | −0.0303*** |
| (0.00410) | (0.0112) | |
| Leverage | 0.0482* | 0.202** |
| (0.0270) | (0.0922) | |
| Market_Book (M/B) | 0.00462** | 0.00373 |
| (0.00225) | (0.00744) | |
| Sales_Growth (S/G) | −0.000706 | 0.000954 |
| (0.000531) | (0.00241) | |
| Tangibility | 0.0931** | 0.232** |
| (0.0362) | (0.0952) | |
| Profitability | 0.0491*** | 0.0900*** |
| (0.00294) | (0.0126) | |
| Constant | 0.158 | 0.765*** |
| (0.102) | (0.286) | |
| Observations | 941 | 1298 |
| R-squared | 0.642 | 0.016 |
| Number of id | 299 | 342 |