Table 6 Robustness tests: replacing dependent variables.
Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) |
|---|---|---|---|---|---|---|---|---|---|---|---|
Lnavep | Lnavew | Lnaver | Overall | Overall | Overall | Overall | Average | Average | Average | Average | |
Policy | 0.015** | 0.014* | 0.009 | 0.013** | 0.010 | 0.011 | 0.007 | ||||
(0.007) | (0.007) | (0.007) | (0.006) | (0.007) | (0.007) | (0.007) | |||||
News | 0.028** | 0.018 | 0.029** | 0.029** | 0.027* | 0.028* | 0.026* | ||||
(0.014) | (0.014) | (0.015) | (0.014) | (0.014) | (0.016) | (0.016) | |||||
Conference | −0.070* | −0.064* | −0.009 | −0.032 | −0.025 | −0.027 | −0.020 | ||||
(0.037) | (0.039) | (0.035) | (0.034) | (0.032) | (0.039) | (0.037) | |||||
Controlled variable | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Individual Fixed | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Time Fixed | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Observations | 278 | 278 | 278 | 285 | 285 | 285 | 285 | 285 | 285 | 285 | 285 |
R2 | 0.831 | 0.721 | 0.575 | 0.790 | 0.795 | 0.789 | 0.796 | 0.603 | 0.609 | 0.602 | 0.610 |
