	(1)	(2)	(3)
VARIABLES	CS	CS	CS
			
Tribunal	-0.1046**	-0.0942**	-0.1705***
	(0.044)	(0.043)	(0.039)
Constant	1.7294***	1.0789***	1.1849***
	(0.027)	(0.070)	(0.125)
			
Observations	77,320	77,320	77,320
R-squared	0.460	0.515	0.585
Control	No	Yes	Yes
Bond	No	No	Yes
City	Yes	Yes	Yes
Provi#Year	Yes	Yes	Yes
Industry#Year	Yes	Yes	Yes
Robust standard errors in parentheses			
*** p<0.01, ** p<0.05, * p<0.1			
