Table 8 The efficiency channel.
Variable | INNOE | RESILIENCE | RESILIENCE |
|---|---|---|---|
(1) | (2) | (3) | |
TREAT × POST | 0.0373 (3.09) | 0.0312 (2.17) | |
INNOE | 0.0176 (2.63) | 0.0164 (2.37) | |
TREAT × POST × INNOE | 0.0090 (2.29) | ||
SIZE | 0.0004 (0.03) | 0.0069 (2.11) | 0.0039 (2.53) |
AGE | 0.0300 (0.29) | 0.0063 (0.12) | 0.0007 (2.03) |
LEV | 0.0603 (1.18) | 0.0115 (0.86) | 0.0018 (0.19) |
ROA | 0.1729 (2.53) | 0.0248 (0.77) | 0.0092 (0.55) |
BOARD | 0.0268 (0.75) | 0.0142 (1.81) | 0.0203 (3.51) |
TOP1 | 0.0434 (0.63) | −0.0004 (−0.03) | −0.0242 (−1.17) |
BM | −0.0065 (−0.14) | 0.0721 (4.36) | 0.0471 (4.31) |
FIXED | 0.0417 (0.80) | 0.0022 (0.18) | 0.0087 (1.02) |
Firm FE | Yes | Yes | Yes |
Year FE | Yes | Yes | Yes |
Obs | 775 | 775 | 775 |
Adj R2 | 0.6054 | 0.4382 | 0.4566 |
