﻿Variables;"(1)  Pooled";"(2)  Fixed effects";"(3)  Random effects";"(4)  Between effects"
Liquidity;"–0.10*** (–3.15)";"0.01 (0.26)";"0.00 (0.15)";"–0.63 (–1.32)"
Green;"31.94*** (6.80)";–;"4.70 (0.21)";"10.59 (0.31)"
Bank;"20.55** (2.47)";–;"4.26 (0.12)";"31.85 (0.57)"
(A).rating;"–282.25*** (–37.19)";–;"–273.45*** (–7.62)";"–297.94* (–3.03)"
(A+).rating;"–373.05*** (–40.58)";–;"–393.41*** (–10.81)";"–362.28** (–3.78)"
(AAA).rating;"–437.20*** (–68.41)";–;"–428.24*** (–13.46)";"–429.81** (–4.67)"
lrRUABITR;"0.36*** (4.64)";"0.34*** (4.92)";"0.34*** (4.91)";"7.39 (0.32)"
ΔRVI;"4.35*** (16.54)";"3.94*** (16.46)";"3.94*** (16.46)";"–29.27 (–1.07)"
ΔKIR;"–44.86*** (–20.61)";"–39.23*** (–19.58)";"–39.37*** (–19.63)";"149.53 (0.81)"
ΔRPUI;"0.42*** (18.02)";"0.35*** (16.63)";"0.35*** (16.66)";"4.15 (1.46)"
Constant;"508.85*** (33.83)";"322.33*** (22.79)";"504.72*** (18.75)";"–881.62 (–0.70)"
;;;;
Observations;2,768;2,768;2,768;2,768
"Number of id";;14;14;14
