| Variables |
Quantile Levels |
| |
10th |
20th |
30th |
40th |
50th |
60th |
70th |
80th |
90th |
| CEOP |
478.055 |
165.861 |
8.330 |
-120.325** |
-173.493*** |
-248.156** |
-275.941** |
-140.093 |
142.790 |
| (385.179) |
(194.361) |
(97.194) |
(59.547) |
(72.372) |
(106.070) |
(119.592) |
(198.770) |
(330.710) |
| BSIZE |
-424.660* |
-247.803** |
-88.522 |
-104.934*** |
-110.464** |
-153.905** |
-211.103*** |
-250.244*** |
-262.876 |
| (250.308) |
(126.305) |
(63.161) |
(38.696) |
(47.031) |
(68.929) |
(77.716) |
(129.170) |
(214.911) |
| FAGE |
130.786* |
43.745 |
-7.231 |
-21.372* |
-28.908** |
-34.337* |
-36.223 |
-38.554 |
-73.254 |
| (77.177) |
(38.943) |
(19.475) |
(11.931) |
(14.501) |
(21.253) |
(23.962) |
(39.827) |
(66.263) |
| FSIZE |
42.815** |
17.053 |
4.550 |
-2.610 |
-5.270 |
-8.317 |
-18.257*** |
-26.102** |
-57.113*** |
| (22.092) |
(11.148) |
(5.575) |
(3.415) |
(4.151) |
(6.084) |
(6.859) |
(11.401) |
(18.968) |
| FLV |
101.016 |
53.298 |
47.180 |
55.339*** |
55.333** |
74.586** |
83.420** |
73.010 |
83.864 |
| (133.245) |
(67.235) |
(33.622) |
(20.599) |
(25.036) |
(36.693) |
(41.370) |
(68.761) |
(114.403) |
| COVID19 |
-242.932* |
-99.291 |
-21.607 |
-17.649 |
16.653 |
40.662 |
250.628*** |
357.253*** |
336.173*** |
| (149.619) |
(75.497) |
(37.754) |
(23.130) |
(28.112) |
(41.202) |
(46.454) |
(77.210) |
(128.461) |
| INDUSTRY |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
| Constant |
-643.450 |
-60.084 |
120.033 |
383.770*** |
484.926*** |
688.730*** |
1045.968*** |
1346.955*** |
2213.173*** |
| (570.700) |
(287.974) |
(144.008) |
(88.227) |
(107.230) |
(157.158) |
(177.192) |
(294.508) |
(489.996) |
| Pseudo R2 |
0.177 |
0.049 |
0.038 |
0.058 |
0.090 |
0.127 |
0.174 |
0.242 |
0.309 |