Variables	Quantile Levels
	10th	20th	30th	40th	50th	60th	70th	80th	90th
CEOP	0.004	0.003	0.000	-0.003	-0.006	-0.008**	-0.009*	-0.029*	-0.026**
	(0.003)	(0.003)	(0.003)	(0.003)	(0.004)	(0.004)	(0.010)	(0.018)	(0.030)
BSIZE	0.001	-0.001	-0.003	-0.002	-0.003	-0.003	-0.004	-0.015	-0.037*
	(0.002)	(0.002)	(0.002)	(0.002)	(0.003)	(0.003)	(0.006)	(0.012)	(0.020)
FAGE	0.000	0.001	0.001*	0.002**	0.001	0.001	0.001	-0.002	0.002
	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.002)	(0.004)	(0.006)
FSIZE	0.000	-0.001***	-0.001***	-0.001***	-0.001***	-0.001***	-0.001*	-0.003***	-0.003**
	(0.000)	(0.000)	(0.000)	(0.000)	(0.000)	(0.000)	(0.001)	(0.001)	(0.002)
FLV	-0.003***	-0.003***	-0.003***	-0.003***	-0.003***	-0.004***	-0.005	-0.005	-0.002
	(0.001)	(0.001)	(0.001)	(0.001)	(0.001)	(0.002)	(0.003)	(0.006)	(0.011)
COVID19	0.012***	0.010***	0.011***	0.011***	0.010***	0.010***	0.010***	0.009	0.004
	(0.001)	(0.001)	(0.001)	(0.001)	(0.002)	(0.002)	(0.004)	(0.007)	(0.012)
INDUSTRY	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Constant	0.013***	0.022***	0.032***	0.038***	0.037***	0.040***	0.039***	0.116***	0.172***
	(0.005)	(0.005)	(0.005)	(0.005)	(0.006)	(0.006)	(0.014)	(0.026)	(0.045)
Pseudo R2	0.141	0.160	0.175	0.171	0.167	0.164	0.152	0.145	0.232