β₀

T-value

β₁

T-value

HAGE

−0.2135

−0.0887

−7.0791*

−1.8293

HEDU

−4.3877***

−2.8431

1.8784

1.0365

HTEN

0.4038*

1.8247

−0.4462

−1.4028

SIZE

0.4652 ***

3.6476

−0.0856

−1.1683

DEBT

-0.0154***

−2.7227

0.0161**

1.9953

AGE

0.1064***

3.9542

-0.0032

-0.2181

Threshold value c

0.3144

Slope parameter γ (Transition slope)

552.7579