lev

−0.0033

−0.3119^***

(−0.0391)

(−3.5286)

ocf

0.4101^*

0.2051

(1.8679)

(0.9059)

ROA

1.0775^***

1.7101^***

(2.9344)

(4.5150)

Tang

−0.9041^***

−0.9639^***

(−10.0139)

(−10.3501)

HHI5

−0.4964^***

−0.8886^***

(−4.2070)

(−7.2999)

_cons

−2.8085^***

−3.8878^***

(−19.4976)

(−26.1665)

N

9894

9894

R²

0.2912

0.3638