var

(1)

(2)

(3)

(4)

(5)

(6)

zs

zs

blr

blr

dir

dir

dis

0.713^***

0.078^*

0.003^***

0.004^***

0.0368^***

0.031^***

(5.12)

(1.94)

(11.73)

(7.98)

(4.67)

(3.36)

bas

0.426^***

−0.002

−0.241

(3.25)

(−0.27)

(−0.84)

bac

−0.006^***

0.00004

0.002

(−3.46)

(0.16)

(0.67)

nop

0.1216^**

−0.006^**

−0.002

(−2.95)

(−1.84)

(−0.06)

dar

−9.88^**

−0.235^**

−7.89^**

(−39.81)

(−6.01)

(−11.87)

ca

0.251

−0.106^***

−1.41^***

(1.57)

(−5.97)

(−4.07)

nr

−0.060^**

0.003^*

0.287^**

(2.04)

(1.9)

(3.37)

pd

0.044

−0.019^***

−2.08^***

(1.57)

(−4.06)

(−10.43)

id

0.152

0.007

−0.288

(0.36)

(1.56)

(−2.71)

oc

0.05

−0.031

−0.081

(0.78)

(−1.36)

(−0.34)

gpc

−6.01^***

4.51^***

−0.055

0.063

−7.03^***

3.01

(−3.85)

(3.41)

(−0.68)

(0.74)

(−3.51)

(1.85)

roi

4.2^***

0.361

−0.054^***

−0.019

1.606^*

0.893

(4.67)

(0.33)

(−2.13)

(−0.73)

(2.41)

(1.55)

_cons

5.703^***

11.055^***

0.021^***

0.31

0.915^***

8.153^***

(311.02)

(6.61)

(5.62)

(2.84)

(13.68)

(3.78)

F test

60.32^***

89.65^***

50.88^***

21.59^***

57.05^***

39.16^***

R²-redust

40.11%

89.14%

30.32%

58.62%

29.08%

69.91%