| Trade credit | Coef. | St.Err. | p-value | Sig |
| Bank loan | −0.316 | 0.048 | 0.000 | *** |
| ROA | 0.003 | 0.001 | 0.000 | *** |
| Current | −0.001 | 0.002 | 0.553 |
|
| Inventory turnover | 0.000 | 0.000 | 0.649 |
|
| Cash | 0.028 | 0.083 | 0.737 |
|
| Size | 0.002 | 0.028 | 0.947 |
|
| Age | −0.019 | 0.005 | 0.000 | *** |
| Constant | 0.837 | 0.553 | 0.131 |
|
| Mean dependent var |
|
|
| 0.332 |
| SD dependent var |
|
|
| 0.230 |
| Number of obs |
|
|
| 496 |
| R-squared |
|
|
| 0.197 |
| F-test |
|
|
| 12.788 |
| Prob > F |
|
|
| 0.000 |