Table 6 Robustness tests: propensity score matching and entropy balancing analysis.
Variables | (1) | (2) |
---|---|---|
PSM | Entropy balancing | |
LP | LP | |
CEPI | 0.034** (2.57) | 0.026** (2.53) |
Constant | 16.877*** (68.37) | 16.752*** (86.07) |
Controls | Yes | Yes |
Year FE | Yes | Yes |
Firm FE | Yes | Yes |
Observations | 11,454 | 20,848 |
Adj R2 | 0.541 | 0.422 |