Panel A: Dependant Variable: Asset

Variable

Coef.

Robust Std. Err

T

p > t

[95%Conf. Interval]

inln

0.6134129

0.1946732

3.15

0.003

0.2222025

1.004623

culn

1.14259

0.1271146

8.99

0.000

0.8871434

1.398036

idbt

0.3783463

0.1268511

2.98

0.004

0.1234293

0.6332632

cdbt

0.365955

0.086704

4.22

0.000

0.1917168

0.5401932

risk1

84138.64

49399.23

1.70

0.095

−15132.84

183410.1

rgdp_gr

−734.5819

581.0447

−1.26

0.212

−1902.235

433.0711

sr

940.5316

530.9491

1.77

0.083

−126.4507

2007.514

sbgdp

−289.7793

117.2131

−2.47

0.017

−525.3279

−54.23068

_cons

2154.803

3787.281

0.57

0.572

−5456.022

9765.628