| (1) | (2) | (3) | (4) | |
| F | F | F | F | |
| T | 0.002** | 0.004 | ||
| (−2.34) | (−1.16) | |||
| T2 | 0 | |||
| (−0.67) | ||||
| S | −0.045 | 0.485** | ||
| (−1.10) | (−2.28) | |||
| S2 | −0.172** | |||
| (−2.79) | ||||
| loan | 0.971*** | 0.969*** | 0.971*** | 0.967*** |
| (−58.46) | (−58.18) | (−56.13) | (−60.62) | |
| size | −0.000** | −0.000** | −0.000** | −0.000* |
| (−2.39) | (−2.38) | (−2.66) | (−1.91) | |
| _cons | 0.005 | −0.005 | 0.136** | −0.243 |
| (−0.1) | (−0.08) | (−2.64) | (−1.40) | |
| Time effect | controlled | controlled | controlled | controlled |
| r2_w | 0.962 | 0.962 | 0.961 | 0.967 |