嗨，我在使用 Elsevier elsarticle 文档类拟合表格时遇到问题，这是我的代码和我的输出
\documentclass[preprint,12pt,authoryear]{elsarticle}
\usepackage{booktabs, tabularx}
\usepackage{booktabs, tabularx}
\usepackage{xparse}
\usepackage{siunitx}
\usepackage{natbib}
\usepackage{amsmath}
\usepackage{amsthm}
\usepackage[protrusion=true,expansion=true]{microtype}
\usepackage{placeins}
\usepackage{float}
\usepackage{cuted}
\usepackage[english]{babel}
\usepackage[latin1]{inputenc}
\usepackage{booktabs, makecell, multirow, threeparttable}
\usepackage{xparse}
\usepackage{xstring}
\usepackage{dcolumn}
\usepackage{relsize}
\usepackage{varioref}
\usepackage{hyperref}
\hypersetup{colorlinks = true, allcolors = blue}
\usepackage[nameinlink,noabbrev]{cleveref}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%%%%asterisk in Table%%%%
\usepackage{xcolor}
\newcommand\tc[1]{\textcolor{blue}{#1}}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\newcommand{\Risk}{\mathop{\textnormal{\slshape Risk}}\nolimits}
\newcommand{\CEOPC}{\mathop{\textnormal{\slshape CEO\_PC}}\nolimits}
\newcommand{\Boardind}{\mathop{\textnormal{\slshape Board\_ind}}\nolimits}
\newcommand{\OwnP}{\mathop{\textnormal{\slshape OwnP}}\nolimits}
\newcommand{\OwnF}{\mathop{\textnormal{\slshape OwnF}}\nolimits}
\newcommand{\ZScore}{\mathop{\textnormal{\slshape Z\_Score}}\nolimits}
\newcommand{\NPLs}{\mathop{\textnormal{\slshape NPLs}}\nolimits}
\newcommand{\NPL}{\mathop{\textnormal{\slshape NPL}}\nolimits}
\newcommand{\LnZ}{\mathop{\textnormal{\slshape Ln\_Z}}\nolimits}
\newcommand{\LnZscore}{\mathop{\textnormal{\slshape Ln\_ZScore}}\nolimits}
\newcommand{\CCB}{\mathop{\textnormal{\slshape CCB}}\nolimits}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\newcommand{\LnTA}{\mathop{\textnormal{\slshape LnTA}}\nolimits}
\newcommand{\ECTA}{\mathop{\textnormal{\slshape ECTA}}\nolimits}
\newcommand{\LTQ}{\mathop{\textnormal{\slshape LTQ}}\nolimits}
\newcommand{\PRF}{\mathop{\textnormal{\slshape PRF}}\nolimits}
\newcommand{\EFF}{\mathop{\textnormal{\slshape EFF}}\nolimits}
\newcommand{\LEV}{\mathop{\textnormal{\slshape LEV}}\nolimits}
\newcommand{\LG}{\mathop{\textnormal{\slshape LG}}\nolimits}
\newcommand{\AG}{\mathop{\textnormal{\slshape AG}}\nolimits}
\newcommand{\DIV}{\mathop{\textnormal{\slshape DIV}}\nolimits}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\setlength{\parindent}{0pt}
\NewExpandableDocumentCommand\mcc{O{1}m}
{\multicolumn{#1}{c}{#2}}
\NewExpandableDocumentCommand\mcl{O{9}m}
{\multicolumn{#1}{@{}l}{#2}}
\crefname{equation}{eq.}{eq.} %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\begin{document}
\begin{table}[ht]
\sisetup{table-format=-2.5,
table-number-alignment=center,
table-space-text-pre =(,
table-space-text-post=$^{***}$,
table-align-text-pre=false,
table-align-text-post=false}
\centering
\caption{Effect of Politically connected CEO's on banks' risk-taking Behavior}
\label{tab2}
\begin{tabular}{l*{2}{S}}
\toprule
\thead{Variable} & {\thead{$\NPLs$}} & {\thead{$\ZScore$}} \\
\midrule
\multirow{2}[1]{*}{Constant} & -0.1064\tc{***} & 5.0727\tc{***} \\
\multicolumn{1}{c}{} & {(}-3.420{)} & {(}15.355{)} \\
\addlinespace
\multirow{2}[0]{*}{$\NPL_{it-1}$} & 0.6014\tc{***} & \\
\multicolumn{1}{c}{} & {(}5.730{)} & \\
\addlinespace
\multirow{2}[1]{*}{$\LnZ_{it-1}$} & & 0.5110\tc{***} \\
\multicolumn{1}{c}{} & & {(}5.830{)} \\
\addlinespace
\multirow{2}[1]{*}{$\CEOPC_{it}$} & 6.2810\tc{***} & 0.1151 \\
\multicolumn{1}{c}{} & {(}12.450{)} & {(}1.478{)} \\
\addlinespace
\multirow{2}[1]{*}{$\Boardind$} & -0.2450\tc{**} & -0.2401\tc{***} \\
\multicolumn{1}{c}{} & {(}-2.260{)} & {(}-9.414{)} \\
\addlinespace
\multirow{2}[1]{*}{$\OwnF$} & -0.0103\tc{***} & 0.0345\tc{**} \\
\multicolumn{1}{c}{} & {(}-2.605{)} & {(}2.520{)} \\
\addlinespace
\multirow{2}[1]{*}{$\OwnP$} & -0.0101\tc{*} & 0.0301\tc{*} \\
\multicolumn{1}{c}{} & {(}-1.910{)} & {(}1.902{)} \\
\addlinespace
\multirow{2}[1]{*}{$\LnTA$} & 0.0171\tc{**} &-0.2791\tc{***} \\
\multicolumn{1}{c}{} & {(}2.120{)} & {(}-3.830{)} \\
\addlinespace
\multirow{2}[1]{*}{$\LTQ$} & -0.1854\tc{*} & -0.4525\\
\multicolumn{1}{c}{} & {(}-0.450{)} & {(}-0.390{)} \\
\addlinespace
\multirow{2}[1]{*}{$\PRF$} & -0.5240\tc{*} & -0.0520 \\
\multicolumn{1}{c}{} & {(}-3.065{)} & {(}-1.243{)} \\
\addlinespace
\multirow{2}[1]{*}{$\EFF$} & 0.0262\tc{**} & -0.0861\tc{***} \\
\multicolumn{1}{c}{} & {(}1.733{)} & {(}-3.350{)} \\
\addlinespace
\multirow{2}[1]{*}{$\LEV$} & -0.5640\tc{***} & \\
\multicolumn{1}{c}{} & {(}-1.430{)} & \\
\addlinespace
\multirow{2}[1]{*}{$\LG$} & -0.0270 & \\
\multicolumn{1}{c}{} & {(}-4.930{)} & \\
\addlinespace
\multirow{2}[1]{*}{$\AG$} & & 0.0612\tc{***} \\
\multicolumn{1}{c}{} & & {(}0.905{)} \\
\addlinespace
\multirow{2}[1]{*}{$\DIV$} & & 0.3120\tc{**} \\
\multicolumn{1}{c}{} & & {(}2.120{)} \\
\midrule
Year dummy & \multicolumn{2}{c}{Yes} \\
Arellano-Bond test for AR(1) & 1.156 & 2.452 \\
Arellano-Bond test for AR(2) & 0.652 & 1.562 \\
P-value & 00.00 & 00.00 \\
Sargan test & 12.02\tc{***} & 41.02\tc{***} \\
\bottomrule
\end{tabular}
\smallskip
\begin{minipage}{\textwidth}
\small
\textit{Note:} This table reports SGMM estimation results of \Cref{eq:1} where non-performing
loans to total loans ($\NPL$), and Z-score ($\LnZ$) are the dependent variables for bank $i$ and
year $t$. The $\NPL_{i,t-1}$ and $\LnZ_{it-1}$ are lagged dependent variables. $\CEOPC_{it}$
takes a value of one if the bank has explicit political connection,and zero otherwise. $\OwnP$ and $\OwnF$ denotes the Private and Foreign Ownership type . For bank level control variables, The main explanatory variables are defined as follows : Bank size ($\LnTA$), Liquidity ($\LTQ$), Profitability ($\PRF$), Efficiency($\EFF$), Leverage ($\LEV$), Loan growth ($\LG$), Asset growth ($\AG$) and Diversification ($\DIV$). Detailed definitions for each variable can be found in Section~\ref{sec:Data_variables}. T-statistics are between parentheses.The Sargan test justifies the validity of the over identifying restrictions. Statistical significance indicates \enspace *** $p < 0.01$; \enspace ** $p < 0.05$;\enspace * $p < 0.10$.
\end{minipage}
\end{table}
\end{document}
输出表1：
具有多列的表的代码
\documentclass[preprint,12pt,authoryear]{elsarticle}
\usepackage{booktabs, tabularx}
\usepackage{xparse}
\usepackage{siunitx}
\usepackage{natbib}
\usepackage{amsmath}
\usepackage{amsthm}
\usepackage[protrusion=true,expansion=true]{microtype}
\usepackage{placeins}
\usepackage{float}
\usepackage{cuted}
\usepackage[english]{babel}
\usepackage[latin1]{inputenc}
\usepackage{makecell, multirow, threeparttable}
\usepackage{longtable} %<--- added
\usepackage{xparse}
\usepackage{xstring}
\usepackage{dcolumn}
\usepackage{relsize}
\usepackage{varioref}
\usepackage{hyperref}
\hypersetup{colorlinks = true, allcolors = blue}
\usepackage[nameinlink,noabbrev]{cleveref}
%%%%%%%%%%%%%%%%%%
\usepackage{xcolor}
\newcommand\tc[1]{\textcolor{blue}{#1}}
%%%%%%%%%%%%%%
\newcommand{\LnTA}{\mathop{\textnormal{\slshape LnTA}}\nolimits}
\newcommand{\ECTA}{\mathop{\textnormal{\slshape ECTA}}\nolimits}
\newcommand{\LTQ}{\mathop{\textnormal{\slshape LTQ}}\nolimits}
\newcommand{\PRF}{\mathop{\textnormal{\slshape PRF}}\nolimits}
\newcommand{\EFF}{\mathop{\textnormal{\slshape EFF}}\nolimits}
\newcommand{\LEV}{\mathop{\textnormal{\slshape LEV}}\nolimits}
\newcommand{\LG}{\mathop{\textnormal{\slshape LG}}\nolimits}
\newcommand{\AG}{\mathop{\textnormal{\slshape AG}}\nolimits}
\newcommand{\DIV}{\mathop{\textnormal{\slshape DIV}}\nolimits}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\DeclareRobustCommand{\variablename}[1]{\mathop{\textnormal{\slshape #1}}\nolimits}
\newcommand{\CEOPCGOVOFF}{\variablename{CEO}_{\variablename{PC}_{\variablename{GOVOFF}}}}
\newcommand{\CEOPCPPM}{\variablename{CEO}_{\variablename{PC}_{\variablename{PPM}}}}
\newcommand{\CEOPCPPM}{\variablename{CEO}_{\variablename{PC}_{\variablename{PPM}}}}
\newcommand{\Controls}{\mathop{\textnormal{\slshape Controls}}\nolimits}
\setlength{\parindent}{0pt}
\NewExpandableDocumentCommand\mcc{O{1}m}
{\multicolumn{#1}{c}{#2}}
\NewExpandableDocumentCommand\mcl{O{9}m}
{\multicolumn{#1}{@{}l}{#2}}
\crefname{equation}{eq.}{eq.}
%\usepackage{lipsum}
\begin{document}
\begin{table}[h]
\sisetup{input-open-uncertainty = ,
input-close-uncertainty = ,
table-space-text-pre = (,
table-space-text-post = ***,
table-format = 3.3,
table-align-text-pre = false,
table-align-text-post = false}
\centering
\caption{Effect of CEO's political identity on banks' risk-taking
Behavior including interactions with Ownership concentration }
\begin{tabular}{@{} l *{4}{S} @{}}
\toprule
& \multicolumn{2}{c}{\textit{Credit risk}}
& \multicolumn{2}{c@{}}{\textit{Insolvency risk}} \\
& \multicolumn{2}{c}{\textit{\NPLs}}
& \multicolumn{2}{c@{}}{\textit{\ZScore}} \\
\cmidrule(lr){2-3} \cmidrule(l){4-5}
& {Model} & {Model} & {Model} & {Model} \\
& {(1)} & {(2)} & {(1)} & {(2)} \\
\midrule
Constant
& -0.1183\tc{***} & -0.1369\tc{***} & 0.1087\tc{***} & 0.1011\tc{***} \\
& (-3.180) & (-3.040) & (10.350) & (9.420) \\
\addlinespace
$\NPL$_{it-1}$$
& 0.2335\tc{***} & 0.3625\tc{***} & & \\
& (2.390) & (2.422) & & \\
\addlinespace
$\LnZ$_{it-1}$$
& & & 0.5635\tc{***} & 0.5725\tc{***} \\
& & & (6.020) & (5.245) \\
\addlinespace
\MAS
& -0.0462\tc{***}& & -0.0852\tc{***} & \\
& (-0.328) & & (-0.545) & \\
\addlinespace
\ACS
& & 0.0649 & & 0.0532 \\
& & (0.890) & & (0.802) \\
\addlinespace
\CEOPCGOVOFF$_{it}$
& 0.2856\tc{*} & 0.2630 & 0.2846\tc{*} & 0.4125\tc{**} \\
& (1.702) & (1.546) & (1.680) & (2.120) \\
\addlinespace
\CEOPCGOVOFF$_{it}$${}\times{}$\MAS$_{i,t}$
& 0.0630\tc{***} & & 0.0746\tc{***} & \\
& (0.010) & & (0.020) & \\
\addlinespace
\CEOPCGOVOFF$_{it}$${}\times{}$\ACS$_{i,t}$
& & 0.0726\tc{***} & & 0.0834\tc{***} \\
& & (0.010) & & (0.022) \\
\addlinespace
\CEOPCPPM
& 0.3288\tc{***} & 0.3241\tc{***} & 0.0692\tc{***} &
0.0691\tc{**} \\
& (0.042) & (0.040) & (0.011) & (0.010) \\
\addlinespace
\CEOPCPPM$_{it}$${}\times{}$\MAS$_{i,t}$
& 0.1576\tc{***} & & 0.1640\tc{***} & \\
& (0.020) & & (0.032) & \\
\addlinespace
\CEOPCPPM$_{it}$${}\times{}$\ACS$_{i,t}$
& & 0.3116\tc{***} & & 0.1728\tc{***} \\
& & (0.044)& & (0.039) \\
\addlinespace
\LnTA
& -0.0370\tc{**} & -0.0346\tc{***} & 0.0668\tc{***} &
0.0716tc{***} \\
& (0.016) & (0.014) & (0.020) & (0.022) \\
\addlinespace
\LTQ
& -0.2904\tc{***} & -0.2840\tc{***} & 1.5091\tc{***} & 1.4960\tc{***}
\\
& (0.076) & (0.056) & (0.354) & (0.338) \\
\addlinespace
\PRF
& -0.1825\tc{***} & -0.1827\tc{***} & -0.1802\tc{***} &
-0.1804\tc{***} \\
& (0.021) & (0.020) & (0.020) & (0.20) \\
\addlinespace
\EFF
& 1.0853\tc{***} & 1.0954\tc{***} & -0.1339 & -0.1362 \\
& (0.256) & (0.258) & (0.104) & (0.106) \\
\addlinespace
\LEV
& -0.0810\tc{**} & -0.0430 & & \\
& (0.037) & (0.027) & & \\
\addlinespace
\LG
& 0.1141\tc{***} & 0.1128\tc{***} & & \\
& (0.026) & (0.024) & & \\
\addlinespace
\AG
& & & 0.0289\tc{*} & 0.0290\tc{*} \\
& & & (0.014) & (0.014) \\
\addlinespace
\DIV
& & & 0.0598\tc{*} & 0.0621\tc{*}\\
& & & (0.028) & (0.032) \\
\midrule
Year dummy & {Yes} & {Yes} & {Yes} & {Yes} \\
Arellano-Bond test for AR(1) & 0.546 & 0.314 & 0.178 & 0.112 \\
Arellano-Bond test for AR(2) & 0.143 & 0.139 & 0.143 & 0.140 \\
Sargan test & 146.365 & 101.519 & 65.110 & 43.686
\\
\bottomrule
\addlinespace
\multicolumn{5}{@{}l}{This table reports SGMM estimation results of
$\Cref{eq:5}$.}\\
\multicolumn{5}{@{}l}{* $p<0.1$; ** $p<0.05$; *** $p<0.01$}\\
\end{tabular}
\label{tab5}
\end{table}
\end{document}
输出表的多列：
答案1
您可以按照以下方式使用该longtable包将表格拆分为连续的两个页面：
\documentclass[preprint,12pt,authoryear]{elsarticle}
\usepackage{booktabs, tabularx}
% \usepackage{booktabs, tabularx} % Do not load packages more than once.
\usepackage{xparse}
\usepackage{siunitx}
\usepackage{natbib}
\usepackage{amsmath}
\usepackage{amsthm}
\usepackage[protrusion=true,expansion=true]{microtype}
\usepackage{placeins}
\usepackage{float}
\usepackage{cuted}
\usepackage[english]{babel}
\usepackage[latin1]{inputenc}
\usepackage{makecell, multirow, threeparttable}
\usepackage{xcolor}
\usepackage{longtable} %<--- added
\usepackage{xparse}
\usepackage{xstring}
\usepackage{dcolumn}
\usepackage{relsize}
\usepackage{varioref}
\usepackage{hyperref}
\hypersetup{colorlinks = true, allcolors = blue}
\usepackage[nameinlink,noabbrev]{cleveref}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
%%%%asterisk in Table%%%%
\newcommand\tc[1]{\textcolor{blue}{#1}}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\newcommand{\Risk}{\mathop{\textnormal{\slshape Risk}}\nolimits}
\newcommand{\CEOPC}{\mathop{\textnormal{\slshape CEO\_PC}}\nolimits}
\newcommand{\Boardind}{\mathop{\textnormal{\slshape Board\_ind}}\nolimits}
\newcommand{\OwnP}{\mathop{\textnormal{\slshape OwnP}}\nolimits}
\newcommand{\OwnF}{\mathop{\textnormal{\slshape OwnF}}\nolimits}
\newcommand{\ZScore}{\mathop{\textnormal{\slshape Z\_Score}}\nolimits}
\newcommand{\NPLs}{\mathop{\textnormal{\slshape NPLs}}\nolimits}
\newcommand{\NPL}{\mathop{\textnormal{\slshape NPL}}\nolimits}
\newcommand{\LnZ}{\mathop{\textnormal{\slshape Ln\_Z}}\nolimits}
\newcommand{\LnZscore}{\mathop{\textnormal{\slshape Ln\_ZScore}}\nolimits}
\newcommand{\CCB}{\mathop{\textnormal{\slshape CCB}}\nolimits}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\newcommand{\LnTA}{\mathop{\textnormal{\slshape LnTA}}\nolimits}
\newcommand{\ECTA}{\mathop{\textnormal{\slshape ECTA}}\nolimits}
\newcommand{\LTQ}{\mathop{\textnormal{\slshape LTQ}}\nolimits}
\newcommand{\PRF}{\mathop{\textnormal{\slshape PRF}}\nolimits}
\newcommand{\EFF}{\mathop{\textnormal{\slshape EFF}}\nolimits}
\newcommand{\LEV}{\mathop{\textnormal{\slshape LEV}}\nolimits}
\newcommand{\LG}{\mathop{\textnormal{\slshape LG}}\nolimits}
\newcommand{\AG}{\mathop{\textnormal{\slshape AG}}\nolimits}
\newcommand{\DIV}{\mathop{\textnormal{\slshape DIV}}\nolimits}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\setlength{\parindent}{0pt}
\NewExpandableDocumentCommand\mcc{O{1}m}
{\multicolumn{#1}{c}{#2}}
\NewExpandableDocumentCommand\mcl{O{9}m}
{\multicolumn{#1}{@{}l}{#2}}
\crefname{equation}{eq.}{eq.}
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
\usepackage{lipsum}
\begin{document}
{
\sisetup{table-format=-2.5,
table-number-alignment=center,
table-space-text-pre =(,
table-space-text-post=\tc{***},
table-align-text-pre=false,
table-align-text-post=false}
\begin{longtable}{l*{2}{S}}
\caption{Effect of Politically connected CEO's on banks' risk-taking Behavior}
\label{tab2}\\
\toprule
\thead{Variable} & {\thead{$\NPLs$}} & {\thead{$\ZScore$}} \\
\midrule
\endfirsthead
\caption{Effect of Politically connected CEO's on banks' risk-taking Behavior - continued from previous page} \\
\toprule
\thead{Variable} & {\thead{$\NPLs$}} & {\thead{$\ZScore$}} \\
\midrule
\endhead
\bottomrule
\endfoot
\multirow{2}[1]{*}{Constant} & -0.1064\tc{***} & 5.0727\tc{***} \\*
& {(}-3.420{)} & {(}15.355{)} \\ \addlinespace
\multirow{2}[0]{*}{$\NPL_{it-1}$} & 0.6014\tc{***} & \\*
& {(}5.730{)} & \\ \addlinespace
\multirow{2}[1]{*}{$\LnZ_{it-1}$} & & 0.5110\tc{***} \\*
& & {(}5.830{)} \\ \addlinespace
\multirow{2}[1]{*}{$\CEOPC_{it}$} & 6.2810\tc{***} & 0.1151 \\*
& {(}12.450{)} & {(}1.478{)} \\ \addlinespace
\multirow{2}[1]{*}{$\Boardind$} & -0.2450\tc{**} & -0.2401\tc{***} \\*
& {(}-2.260{)} & {(}-9.414{)} \\ \addlinespace
\multirow{2}[1]{*}{$\OwnF$} & -0.0103\tc{***} & 0.0345\tc{**} \\*
& {(}-2.605{)} & {(}2.520{)} \\ \addlinespace
\multirow{2}[1]{*}{$\OwnP$} & -0.0101\tc{*} & 0.0301\tc{*} \\*
& {(}-1.910{)} & {(}1.902{)} \\ \addlinespace
\multirow{2}[1]{*}{$\LnTA$} & 0.0171\tc{**} &-0.2791\tc{***} \\*
& {(}2.120{)} & {(}-3.830{)} \\ \addlinespace
\multirow{2}[1]{*}{$\LTQ$} & -0.1854\tc{*} & -0.4525 \\*
& {(}-0.450{)} & {(}-0.390{)} \\ \addlinespace
\multirow{2}[1]{*}{$\PRF$} & -0.5240\tc{*} & -0.0520 \\*
& {(}-3.065{)} & {(}-1.243{)} \\ \addlinespace
\multirow{2}[1]{*}{$\EFF$} & 0.0262\tc{**} & -0.0861\tc{***} \\*
& {(}1.733{)} & {(}-3.350{)} \\ \addlinespace
\multirow{2}[1]{*}{$\LEV$} & -0.5640\tc{***} & \\*
& {(}-1.430{)} & \\ \addlinespace
\multirow{2}[1]{*}{$\LG$} & -0.0270 & \\*
& {(}-4.930{)} & \\ \addlinespace
\multirow{2}[1]{*}{$\AG$} & & 0.0612\tc{***} \\*
& & {(}0.905{)} \\ \addlinespace
\multirow{2}[1]{*}{$\DIV$} & & 0.3120\tc{**} \\*
& & {(}2.120{)} \\
\midrule
Year dummy & \multicolumn{2}{c}{Yes} \\
Arellano-Bond test for AR(1) & 1.156 & 2.452 \\
Arellano-Bond test for AR(2) & 0.652 & 1.562 \\
P-value & 00.00 & 00.00 \\
Sargan test & 12.02\tc{***} & 41.02\tc{***} \\
\end{longtable}
\smallskip
\begin{minipage}{\textwidth}
\small
\textit{Note:} This table reports SGMM estimation results of \Cref{eq:1} where non-performing loans to total loans ($\NPL$), and Z-score ($\LnZ$) are the dependent variables for bank $i$ and year $t$. The $\NPL_{i,t-1}$ and $\LnZ_{it-1}$ are lagged dependent variables. $\CEOPC_{it}$ takes a value of one if the bank has explicit political connection,and zero otherwise. $\OwnP$ and $\OwnF$ denotes the Private and Foreign Ownership type . For bank level control variables, The main explanatory variables are defined as follows : Bank size ($\LnTA$), Liquidity ($\LTQ$), Profitability ($\PRF$), Efficiency($\EFF$), Leverage ($\LEV$), Loan growth ($\LG$), Asset growth ($\AG$) and Diversification ($\DIV$). Detailed definitions for each variable can be found in Section~\ref{sec:Data_variables}. T-statistics are between parentheses.The Sargan test justifies the validity of the over identifying restrictions. Statistical significance indicates \enspace *** $p < 0.01$; \enspace ** $p < 0.05$;\enspace * $p < 0.10$.
\end{minipage}
}
\end{document}