| VARIABLES | H1a | H1b | H1c | H1d | H1e |
| COC | −0.00551 | ||||
| (−0.06) | |||||
| GE | 0.171*** | ||||
| (4.31) | |||||
| RQ | −0.136 | ||||
| (−0.76) | |||||
| ROL | −0.0157 | ||||
| (−0.25) | |||||
| POL | −0.253* | ||||
| (−2.55) | |||||
| ROA | −0.060*** | −0.046** | −0.060*** | −0.061*** | −0.065*** |
| (−4.17) | (−3.25) | (−4.23) | (−4.17) | (−4.55) | |
| lnAsset | −0.046** | −0.066*** | −0.052*** | −0.045*** | −0.048*** |
| (−3.17) | (−7.24) | (−4.71) | (−5.05) | (−6.05) | |
| NIIr | −0.0721 | −0.0937* | −0.0734 | −0.0716 | −0.0622 |
| (−1.89) | (−2.49) | (−1.95) | (−1.89) | (−1.65) | |
| _cons | 0.817*** | 1.022*** | 0.863*** | 0.809*** | 0.716*** |
| (4.08) | (9.80) | (8.17) | (6.75) | (6.87) | |
| Observations | 1166 | 1166 | 1166 | 1166 | 1166 |
| Adj.R2(r2_p) | 0.0331 | 0.0531 | 0.0365 | 0.0326 | 0.0348 |