	OECD	NAFTA	ASEAN	EU	NIC	G20	G8
Intercept	0.357	0.081	−0.385	−0.823	−1.568*	−0.639	−2.716***
$C A P I T A L_{j, t}$	0.109	−1.244*	−1.416**	0.238	−0.153	−1.547***	−0.480
$L O A N_{j, t}$	−0.006	0.028	0.011	1.736*	1.218**	−0.006	−0.032
$N P L_{j, t}$	1.710**	0.028**	−0.059	0.005	0.036	0.054	−0.132
$P L_{j, t}$	0.036	−0.051	−0.061	1.318***	−0.533	−0.053	1.702***
$F A_{j, t}$	−0.183	0.235	0.008	1.383***	1.890**	0.510	1.823***
$R O E_{j, t}$	−1.343***	0.112	−0.873	−0.054*	−0.025	−0.059	−0.062*
$I I I E_{j, t}$	−0.785***	0.024	−0.015*	−0.038	−0.106***	−0.122***	−0.118**
$N I I N I E_{j, t}$	0.124	0.288	−0.556***	−0.434	0.069	0.724	−1.558**
$R G D P_{j, t}$	0.430	−0.692	−0.289	2.284***	−0.025	0.985	1.451***
$S T O C K_{j, t}$	0.029	−0.036	−0.890	0.052	1.396**	0.036	0.074
$C P I_{j, t}$	0.161	−0.619	0.502	0.023	0.031	−0.056	0.052
χ²	81.475***	19.618*	24.781**	37.259***	25.741***	26.784***	75.330***
Cox and Snell R²	0.298	0.082	0.102	0.148	0.105	0.109	0.277
Nagelkerke R²	0.410	0.147	0.164	0.198	0.148	0.161	0.373
Sample	1217	289	385	1217	799	857	742