logit

ROA

0.007460**

grow

−0.008409

(0.003014)

(0.012048)

lnassets

0.030454

age

0.030630***

(0.019993)

(0.003807)

debttoassets

−0.007812***

soe

0.006424

(0.001269)

(0.047841)

OCF

−0.000059

indnum

3.371771***

(0.000693)

(0.613577)

ca

−1.318433***

lnGDP

0.3559485***

(0.271845)

(0.030688)

Constant

−5.820787***

(0.508327)

Observations

12,464