106 Table 3.3 – Continued (7.09) (5.46) (8.74) (7.75) (9.06) (7.19) (7.26) Log Tranche Size*Post (-8-0.9.523)*** Capital Allocation 2.61* ** 3.09* ** 3.05* ** 2.60* ** 2.87 *** 3.23 *** 2.68 *** (8.64) (10.1) (9.50) (8.51) (8.73) (8.41) (8.54) Capital Allocation*Post (-3-1.7.955)*** Control Variables Euro Market -1.48*** -1.44*** -1.43*** -1.36*** -1.42*** -1.47*** -1.51*** -1.30*** (-18.4) (-18.2) (-17.8) (-17.2) (-17.5) (-18.1) (-18.7) (-15.1) Euro Market*Post (-4-1.7.307)*** Top Ten Issuer -0.25*** -0.27*** -0.24*** -0.28*** -0.29*** -0.27*** -0.26*** -0.27*** (-3.16) (-3.38) (-3.08) (-3.52) (-3.57) (-3.42) (-3.24) (-3.31) Log Transaction Value 0.05 0.18* ** 0.26* ** -0.08 0.06 0.10 0.06 0.10 (0.71) (2.98) (4.64) (-1.36) (0.84) (1.55) (0.96) (1.53) Year effects Y Y Y Y Y Y Y Y Credit rating effects Y Y Y Y Y Y Y Y Observations 7,148 7,148 7,158 7,148 7,148 7,148 7,148 7,148 R2 0.241 0.235 0.229 0.223 0.248 0.254 0.244 0.246
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