Table 6 Robustness test.
Variable | (1) | (2) | (3) | (4) |
---|---|---|---|---|
EGTP | EGTP | EGTP | EGTP | |
θ0 | 0.0014*** (0.0004) | 0.0014*** (0.0004) | 0.0012*** (0.0004) | 0.0046*** (0.0018) |
Control | Yes | Yes | Yes | Yes |
Control2 | Yes | Yes | Yes | Yes |
Firms/Year FE | Yes | Yes | Yes | Yes |
N | 19,488 | 22,294 | 22,331 | 21,127 |