| Variables |
Quantile Levels |
| |
10th |
20th |
30th |
40th |
50th |
60th |
70th |
80th |
90th |
| CEOP |
0.182** |
0.127** |
0.064* |
0.114** |
0.139** |
0.207*** |
0.074 |
0.145 |
0.288 |
| (0.092) |
(0.059) |
(0.063) |
(0.051) |
(0.060) |
(0.073) |
(0.071) |
(0.109) |
(0.094) |
| BSIZE |
0.061 |
0.018 |
0.010 |
-0.027 |
-0.015 |
-0.059 |
-0.026 |
0.001 |
0.069 |
| (0.060) |
(0.038) |
(0.041) |
(0.033) |
(0.039) |
(0.047) |
(0.046) |
(0.071) |
(0.061) |
| FAGE |
-0.052*** |
-0.041*** |
-0.047*** |
-0.040*** |
-0.038*** |
-0.022 |
-0.032** |
-0.028 |
-0.010 |
| (0.018) |
(0.012) |
(0.013) |
(0.010) |
(0.012) |
(0.015) |
(0.014) |
(0.022) |
(0.019) |
| FSIZE |
0.017*** |
0.013*** |
0.007** |
0.006** |
0.005* |
0.006 |
-0.002 |
-0.002 |
0.001 |
| (0.005) |
(0.003) |
(0.004) |
(0.003) |
(0.003) |
(0.004) |
(0.004) |
(0.006) |
(0.005) |
| FLV |
-0.011 |
0.015 |
0.008 |
0.013 |
0.004 |
0.021 |
0.017 |
0.010 |
-0.015 |
| (0.032) |
(0.020) |
(0.022) |
(0.018) |
(0.021) |
(0.025) |
(0.024) |
(0.038) |
(0.032) |
| COVID19 |
-0.064* |
-0.061*** |
-0.060*** |
-0.034* |
-0.020 |
-0.026 |
-0.022 |
0.024 |
-0.001 |
| (0.036) |
(0.023) |
(0.025) |
(0.020) |
(0.023) |
(0.028) |
(0.027) |
(0.042) |
(0.036) |
| INDUSTRY |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Constant |
-0.130 |
0.011 |
0.170* |
0.277*** |
0.270*** |
0.314*** |
0.478*** |
0.435*** |
0.283** |
| (0.136) |
(0.087) |
(0.094) |
(0.075) |
(0.088) |
(0.108) |
(0.105) |
(0.162) |
(0.139) |
| Pseudo R2 |
0.188 |
0.171 |
0.159 |
0.151 |
0.156 |
0.152 |
0.140 |
0.133 |
0.195 |