变量

Model 10

Model 11

L.CR

0.904***

0.202

(4.614)

(0.386)

CLO

−0.377**

−1.562***

(−2.316)

(−2.578)

LIQ

0.003

0.008

(1.152)

(0.278)

ROE

−0.062*

0.234

(−1.869)

(0.851)

LNSIZE

−0.120*

0.014

(−1.918)

(0.051)

LEV

0.043

0.203

(0.833)

(0.451)

Loan

−0.486

4.434

(−0.350)

(0.748)

Li

0.317**

−1.559

(2.312)

(−1.521)

CPIL

−2.679

−6.551

(−0.604)

(−0.199)

_cons

1.619

12.964

(0.753)

(0.924)

N

189

189

ar1

0.008

0.028

ar2

0.206

0.310

hansen

0.731

0.930