Total source | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | |
Market debt | MVBV | 1.671 | 1.517 | 1.435 | 1.707 | 1.516 | 2.381 | ||||
ROA | 0.038 | 0.035 | 0.029 | 0.033 | 0.022 | 0.043 | |||||
Obs | 13341 | 6013 | 2541 | 716 | 90 | 7 | |||||
Traditional debt | MVBV | 2.448 | 1.v687 | 1.423 | 1.170 | 1.148 | 0.786 | 0.151 | |||
ROA | 0.068 | 0.044 | 0.026 | 0.018 | 0.011 | 0.022 | −0.056 | ||||
Obs | 2871 | 8425 | 7423 | 3365 | 566 | 57 | 1.000 | ||||
Total debt | MVBV | 2.410 | 1.707 | 1.515 | 1.410 | 1.311 | 1.303 | 1.318 | 1.006 | 0.812 | 0.493 |
ROA | 0.068 | 0.042 | 0.033 | 0.029 | 0.021 | 0.020 | 0.017 | 0.017 | 0.006 | 0.023 | |
Obs | 2608 | 5356 | 6242 | 4495 | 2421 | 1095 | 382 | 91 | 16 | 2 |