Dependent variable

LLPTL

LIQTA

z-score

Independent variable

(1)

(2)

(3)

MD

−0.169

−0.081

0.839***

(−0.420)

(−0.805)

(3.150)

MD*Tier 1

0.013

0.025

−0.296***

(0.095)

(0.858)

(−3.360)

Tier 1

−0.014

0.007**

0.003

(−0.718)

(2.566)

(0.455)

RDI

−0.021

0.074

0.263

(−0.046)

(0.974)

(0.649)

OBS

0.017*

0.001

0.008*

(1.913)

(0.662)

(1.736)

lnTa

0.238

−0.011

−0.499***

(0.561)

(−0.502)

(−3.323)

D09-D17

Included

Included

Included

Model Fits

F-test

7.841***

7.138***

5.767***

R2

0.110

0.202

0.077

N

181

208

208