| (1) | (2) | (3) | (4) | (5) |
| LNCSR | AC1 | LNCSR | AC2 | LNCSR |
LNIC | 0.738*** | −0.0384*** | 0.647*** | −0.00655** | 0.739*** |
| (10.24) | (−6.23) | (9.06) | (−2.43) | (10.22) |
AC1 |
|
| −2.497*** |
|
|
|
|
| (−8.86) |
|
|
AC2 |
|
|
|
| 0.0464 |
|
|
|
|
| (0.12) |
Cons | −7.732*** | 0.757*** | −5.966*** | 0.191*** | −7.741*** |
| (−11.29) | (8.72) | (−8.57) | (5.40) | (−11.18) |
N | 9708 | 9908 | 9708 | 9908 | 9708 |
Adjusted | 0.124 | 0.084 | 0.145 | 0.027 | 0.124 |