|
| (1) | (2) | (3) |
| VARIABLES | IMU | IMU | Sent |
| Limit | 1.736*** | 2.458*** | 1.593*** |
| (0.182) | (0.188) | (0.0167) | |
| Sent | 0.454*** |
|
|
| (0.0479) |
|
| |
| REPU | 0.119*** | 0.130*** | 0.0245 |
| (0.0349) | (0.0304) | (0.0246) | |
| PB | −0.330*** | −0.296*** | 0.0742*** |
| (0.0399) | (0.0448) | (0.0153) | |
| SIZE | −0.376*** | −0.400*** | −0.0518*** |
| (0.0278) | (0.0262) | (0.00796) | |
| FUND | −0.00257 | −0.00130 | 0.00279*** |
| (0.00182) | (0.00198) | (0.000698) | |
| ROE | −0.0289*** | −0.0306*** | −0.00392*** |
| (0.00347) | (0.00304) | (0.00131) | |
| AGE | −0.0229*** | −0.0237*** | −0.00176 |
| (0.00356) | (0.00410) | (0.00171) | |
| Constant | 10.42*** | 10.49*** | 0.148 |
| (0.536) | (0.514) | (0.148) | |
| Observations | 2342 | 2342 | 2342 |
| R-squared | 0.365 | 0.353 | 0.626 |
| Number of Ind | 18 | 18 | 18 |
| Year | YES | YES | YES |
| Industry | YES | YES | YES |