Table 8 Model 1 with lnEF as the dependent variable

NR

0.04

− 0.01

0.12^a

− 0.00

0.02

− 0.08^a

0.02^a

− 0.08^a

− 0.07^b

0.02

(1.38)

(− 0.14)

(6.16)

(− 0.10)

(1.07)

(− 7.91)

(2.82)

(− 5.45)

(− 2.28)

(0.64)

lnFD

0.02

0.04^a

0.04^a

0.11

0.74^a

− 0.22^b

− 0.33^a

0.06^a

− 0.04

0.06^a

(0.32)

(8.51)

(4.60)

(0.82)

(4.44)

(− 2.38)

(− 14.1)

(3.24)

(− 0.46)

(5.60)

UB

2.37^a

− 0.18

− 0.61

5.64^a

26.9^a

9.93^a

5.90^b

− 2.48

1.13

− 4.81

(2.88)

(− 0.06)

(− 0.84)

(4.83)

(4.43)

(4.24)

(2.58)

(− 0.84)

(0.46)

(− 0.61)

lnGB

− 0.59^b

0.08^a

0.34^b

− 0.02

− 1.48^a

− 0.50

− 0.41^c

0.13

0.09^a

− 0.44^a

(− 2.31)

(7.15)

(2.43)

(− 0.14)

(− 4.06)

(− 0.35)

(− 1.83)

(0.50)

(6.89)

(− 6.12)

lnBI

0.66^b

0.10^a

0.30^a

0.33^a

0.54

0.24^a

0.37^a

0.57^a

0.52

0.94^c

(2.38)

(3.70)

(9.18)

(3.53)

(1.22)

(8.30)

(8.39)

(5.43)

(0.75)

(1.80)

lnHD

1.39

− 0.99

0.17

0.77

8.31^a

3.15^a

2.22^a

0.49

2.24

0.36

(1.11)

(− 0.39)

(0.13)

(1.25)

(5.20)

(19.2)

(9.05)

(0.79)

(0.67)

(0.17)

_cons

− 3.81^b

0.11

1.30

− 21.5^a

− 99.2^a

− 38.0

− 16.2^b

8.78

− 3.59

21.6

(− 2.19)

(0.01)

(0.48)

(− 4.85)

(− 4.10)

(− 0.42)

(− 2.32)

(0.97)

(− 0.32)

0.68