	(1)	(2)	(3)
VARIABLES	vol_m	impvol_m	cds_m
			
bhck7204_inv	0.0249	-0.486***	0.446***
	[0.0265]	[0.0390]	[0.163]
Constant	34.55***	44.30***	74.28***
	[0.324]	[0.477]	[1.989]
			
Observations	6,457	6,373	6,457
Adjusted R-squared	-0.000	0.024	0.001
Standard errors in brackets			
*** p<0.01, ** p<0.05, * p<0.1			
