Table 7 The financing channel.
Variable | FS | RESILIENCE | RESILIENCE |
|---|---|---|---|
(1) | (2) | (3) | |
TREAT × POST | 0.0150 (2.18) | 0.0346 (2.52) | |
FS | 0.0103 (2.67) | 0.0087 (2.34) | |
TREAT × POST × FS | 0.0110 (2.02) | ||
SIZE | 0.0091 (0.94) | 0.0042 (1.75) | 0.0039 (2.53) |
AGE | 0.0199 (0.31) | 0.0004 (0.42) | 0.0007 (2.03) |
LEV | −0.0640 (−1.92) | −0.0001 (−2.01) | −0.0018 (−0.19) |
ROA | 0.0004 (0.41) | 0.0099 (2.57) | 0.0092 (0.55) |
BOARD | 0.0084 (2.38) | 0.0196 (3.35) | 0.0203 (3.51) |
TOP1 | 0.0515 (1.56) | −0.0234 (−1.15) | −0.0242 (−1.17) |
BM | −0.0266 (−0.86) | 0.0480 (4.55) | 0.0471 (4.31) |
FIXED | −0.1402 (−5.43) | 0.0080 (0.99) | 0.0087 (1.02) |
Firm FE | Yes | Yes | Yes |
Year FE | Yes | Yes | Yes |
Obs | 860 | 860 | 860 |
Adj R2 | 0.5082 | 0.4900 | 0.5216 |
