(10.33)

(3.58)

_cons

3.480

−47.475

−39.413***

(0.49)

(−0.33)

(−6.02)

N

223.000

223.000

223.000

r2_a

0.968

0.999

0.511

Year

Yes

Yes

Yes

Bank

Yes

Yes

Yes

Control

Yes

Yes

Yes