Table 4 Robustness tests: parallel trend tests.
Variables | Dependent variable: LP | |
---|---|---|
Coefficients | T-value | |
Pre4 | −0.077 | −1.46 |
Pre3 | −0.047 | −1.24 |
Pre2 | −0.022 | −1.06 |
Current | 0.050** | 2.20 |
Post1 | 0.148*** | 3.21 |
Post2 | 0.224*** | 3.17 |
Post3 | 0.301*** | 3.18 |
Constant | 16.473*** | 85.14 |
Controls | Yes | |
Year FE | Yes | |
Firm FE | Yes | |
Observations | 20,848 | |
Adj R2 | 0.470 |