| Exogenous variables | Moyenne | Ecart-type |
| Company reputation | 16.08 | 17.23 |
| Renegotiability of the debt | 2.3 | 6.47 |
| Growth opportunities | 3.23 | 3.52 |
| Limitation of information on the company | 0.064 | 0.10 |
| Financing regime | 0.52 | 0.54 |
| Fixed costs of bond issues | Higher cost than banking fees when applying for a loan. Bank charges are not proportional to the amount requested. | |
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| Level of corporate wealth | 0.33 | 0.83 |
| Size of the company | 24.15 | 1.28 |
| Attractiveness of the market | 4.68 | 0.19 |
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| Maturity of the debt | 231 days | |
| 128 days | ||