﻿Variables;"(5)  Fixed effects";"(6) Random effects";"(7) Between effects";"(8) Population averaged";"(9)  Hybrid";"(10) Hybrid HAC";"(11)  Hybrid HAC"
Liquidity;"0.14*** (2.93)";"0.15*** (2.95)";"–0.73 (–2.89)";"–0.04 (–0.52)";"0.15*** (3.00)";"0.02 (1.43)";"0.02 (1.39)"
Green;–;"50.10*** (4.07)";"–60.24 (–2.57)";"–0.58 (–0.03)";"–32.18*** (–3.64)";"–35.45*** (–4.77)";"–34.48*** (–4.57)"
Bank;–;"63.53*** (2.98)";"–134.63 (–3.06)";"13.12 (0.39)";"–84.21*** (–3.79)";"–87.12*** (–5.76)";"–73.74*** (–4.76)"
(A).rating;–;"–255.18*** (–14.73)";"–181.78 (–3.55)";"–228.70*** (–8.77)";"–183.9*** (–6.01)";"–166.48*** (–8.12)";"–139.37*** (–6.61)"
(A+).rating;–;"–281.23*** (–11.61)";"–337.77* (–6.65)";"–283.96*** (–7.75)";"–325.60*** (–11.58)";"–326.27*** (–16.06)";"–313.44*** (–15.31)"
(AAA).rating;–;"–400.55*** (–27.64)";"–238.91 (–4.04)";"–350.39*** (–16.22)";"–269.20*** (–9.67)";"–269.44*** (–12.46)";"–249.93*** (–11.16)"
lrRUABITR;"0.36*** (2.78)";"0.38*** (2.78)";"11.77 (1.34)";"–0.02 (–0.05)";"0.36*** (2.78)";"0.07** (2.41)";"0.06** (2.18)"
ΔRVI;"8.88*** (19.81)";"9.10*** (19.63)";"73.79 (4.73)";"2.89 (1.43)";"8.88*** (19.79)";"2.51*** (9.50)";"2.31*** (8.66)"
ΔKIR;"–36.11*** (–9.35)";"–35.42*** (–8.93)";"11.19 (0.24)";"–18.26*** (–2.97)";"–36.09*** (–9.34)";"–15.61*** (–8.62)";"–14.99*** (–8.24)"
ΔRPUI;"0.15*** (4.89)";"0.16*** (5.16)";"–1.89 (–2.18)";"–0.05 (–0.89)";"0.15*** (4.89)";"0.02 (1.28)";"0.02* (1.68)"
Constant;"322.37*** (12.91)";"374.90*** (14.14)";"–874.95 (–3.25)";"463.50*** (11.19)";"458.49 (0.97)";"772.02*** (2.65)";"1,261.20*** (4.10)"
;;;;;;;
Observations;1,413;1,413;1,413;1,413;1,413;1,413;1,413
"Number of id";12;12;12;12;12;12;12
