120 Table I – Continued TABLE I – Continued Tranche Count*Pre Global Recession ( 00. 2. 004) Log Tranche Size*Global Recession (-0-0.0.093) Log Tranche Size*Dotcom (0 0 .9 .4 4 4 ) Log Tranche Size*Pre Dotcom (0 0 .1 .0 7 7 ) Log Tranche Size*Pre Global (-0-0.1.054) Capital Allocation*Global Recession (-2-4.0.589)** Capital Allocation*Dotcom ( - 1- 4. 7. 007) * Capital Allocation*Pre Dotcom (0 1 .6 .2 4 3 ) Capital Allocation*Pre Global (36.0.151)*** Control Variables Euro Market -0.10 -0.12 -0.11 -0.11 -0.06 0.06 (-0.26) (-0.28) (-0.27) (-0.28) (-0.16) (0.17) Top Ten Issuer -0.06 -0.07 -0.07 -0.09 -0.07 -0.28 (-0.17) (-0.19) (-0.17) (-0.22) (-0.19) (-0.75) Log Transaction Value 0.22 0.28 0.24 0.29 0.28 0.37 * (1.06) (1.35) (1.12) (1.38) (1.24) (1.68) Year effects Y Y Y Y Y Y Credit rating effects Y Y Y Y Y Y Observations 567 567 567 567 567 567 R2 0.234 0.232 0.233 0.232 0.238 0.247
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