| Variable | Model (1) | Model (2) |
| OCI | 0.0308*** | 0.0855*** |
| 3.917 | 3.638 | |
| Experience × OCI | −0.00349** | |
| −2.471 | ||
| Experience | 0.00248*** | 0.00432*** |
| 3.095 | 3.949 | |
| ROA | 0.0567 | 0.0529 |
| 0.797 | 0.744 | |
| Rec | 0.0723 | 0.0751 |
| 1.305 | 1.355 | |
| Inv | 0.0223 | 0.0236 |
| 0.565 | 0.597 | |
| Cur | −0.000360 | −0.000453 |
| −0.268 | −0.337 | |
| Size | 0.343*** | 0.344*** |
| 48.43 | 48.48 | |
| Mb | 0.0103*** | 0.0104*** |
| 5.521 | 5.572 | |
| Level | −0.00989 | −0.0117 |
| −0.351 | −0.416 | |
| Loss | 0.0339*** | 0.0338*** |
| 3.289 | 3.279 |