Table 7 Alternative measure of product market competition.
| Â | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
AI |  | −0.091** | −0.092** | −0.012 | −0.016 |
| Â | Â | [0.015] | [0.016] | [0.693] | [0.615] |
AI × HHI_A |  |  | −1.660** |  | −1.087 |
| Â | Â | Â | [0.044] | Â | [0.143] |
AI × SOE |  |  |  | −0.453*** | −0.437*** |
| Â | Â | Â | Â | [0.000] | [0.000] |
HHI_A | 0.535 | 0.577 | 0.374 | 0.630 | 0.495 |
| Â | [0.291] | [0.251] | [0.431] | [0.199] | [0.295] |
SOE | 0.006 | 0.008 | 0.005 | 0.054 | 0.050 |
| Â | [0.926] | [0.902] | [0.933] | [0.623] | [0.631] |
Intercept | −13.844*** | −14.162*** | −14.151*** | −14.157*** | −14.150*** |
| Â | [0.001] | [0.001] | [0.001] | [0.001] | [0.001] |
Control variables | Control | Control | Control | Control | Control |
Industry | Control | Control | Control | Control | Control |
Year | Control | Control | Control | Control | Control |
R2 | 0.1244 | 0.1248 | 0.1250 | 0.1262 | 0.1263 |
F | 29.470 | 29.511 | 29.272 | 41.271 | 26.546 |
N | 14,267 | 14,267 | 14,267 | 14,267 | 14,267 |
