|
| (1) | (2) |
| VARIABLES | ABSDA | ABSDA |
| IF | 0.067*** |
|
| (3.249) |
| |
| MAIN |
| 0.003*** |
|
| (2.835) | |
| lnSIZE | 0.108*** | 0.109*** |
| (3.087) | (3.098) | |
| LY | −0.001 | −0.001 |
| (−0.071) | (−0.061) | |
| IR | −0.413*** | −0.410*** |
| (−7.310) | (−7.243) | |
| CR | −0.060*** | −0.060*** |
| (−8.955) | (−8.887) | |
| ROE | 0.843*** | 0.840*** |
| (10.645) | (10.577) | |
| AD | −0.545*** | −0.541*** |
| (−5.692) | (−5.641) | |
| UW | −0.039** | −0.042** |
| (−2.149) | (−2.338) | |
| Constant | −0.340 | −0.319 |
| (−1.036) | (−0.968) | |
| Observations | 649 | 649 |
| R-squared | 0.292 | 0.289 |