Table 5.
Bank-side analysis: evidences from banks
| (1) | (2) | |
|---|---|---|
| Variables | Whether pledged | Whether signed |
| Panel A: State-owned banks | ||
| Post × Hubei | − 0.113** | 0.135* |
| (0.0543) | (0.0700) | |
| Observations | 298 | 238 |
| Panel B: Other banks and financial institutions | ||
| Post × Hubei | 0.0642 | − 0.0653* |
| (0.0647) | (0.0386) | |
| Observations | 2359 | 2359 |
| Firm controls | Yes | Yes |
| Deal characteristics | Yes | Yes |
| Firm fixed effects | Yes | Yes |
(1) Clustered standard errors at industry level. (2) *, **, and *** denote significance at the 10%, 5%, and 1% level, respectively