HIGH

MEDIUM

LOW

HIGH

MEDIUM

LOW

HIGH

MEDIUM

LOW

(1a)

(1b)

(1c)

(2a)

(2b)

(2c)

(3a)

(3b)

(3c)

0.2126

0.1768

0.1200

0.1505

0.1144

0.0840

(4.85)a

(3.94)a

(1.38)

(3.16)a

(2.01)b

(1.42)

0.1195

0.0885

−0.0988

0.0863

0.0501

−0.1079

(4.92)a*

(2.16)b

(−0.81)

(3.27)a

(1.84)c

(−0.91)

0.0006

0.0007

0.0017

0.0005

0.0007

0.0023

0.0005

0.0007

0.0021

(10.86)a

(9.03)a

(3.07)a

(8.58)a

(8.00)a

(3.40)a

(8.07)a

(7.06)a

(3.03)a

−0.0072

0.0143

0.0097

−0.0049

0.0148

0.0107

−0.0047

0.0145

0.0095

(−1.67)c

(4.59)a

(1.67)c

(−1.11)

(4.74)a

(1.86)c

(−1.06)

(4.64)a

(1.64)

−0.0195

−0.0048

−0.0002

−0.0203

−0.0052

−0.0003

−0.0189

−0.0048

−0.0002

(−4.47)a

(−4.48)a

(−0.67)

(−4.67)a

(−4.81)a

(−0.81)

(−4.34)a

(−4.48)a

(−0.65)

N

1,445

2,108

751

1,446

2,113

754

1,445

2,108

751

R²

19.07%

11.13%

7.09%

19.12%

10.64%

6.74%

19.67%

11.21%

7.19%