Table 6 Propagation effects on customers... | Emerald Publishing

Table 6

Propagation effects on customers^a

DV: customer firm AR	Model 1	Model 2	Model 3	Model 4
	Till day 13	Till day 5	Till day 10	Till day 20
Automotive firm AR	0.031^***	0.028^***	0.030^***	0.030^***
Automotive firm AR	(0.006)	(0.007)	(0.007)	(0.005)
War	−0.000^***	0.000	−0.001^***	0.000
War	(0.000)	(0.000)	(0.000)	(0.000)
Automotive firm AR × War	0.049^***	0.053^***	0.046^***	0.043^***
Automotive firm AR × War	(0.009)	(0.011)	(0.010)	(0.009)
Lagged customer AR	−0.012^*	−0.079^***	−0.028^***	0.004
Lagged customer AR	(0.007)	(0.010)	(0.008)	(0.006)
Constant	−0.000	−0.000	−0.000	−0.000^***
Constant	(0.000)	(0.000)	(0.000)	(0.000)
Pair fixed effects^a	Yes	Yes	Yes	Yes
Observations	70,176	46,784	61,404	90,644
F-value	45.04^***	45.46^***	39.59^***	41.12^***
R-squared (%)	0.5	0.9	0.5	0.4

DV: customer firm AR	Model 1	Model 2	Model 3	Model 4
	Till day 13	Till day 5	Till day 10	Till day 20
Automotive firm AR	0.031^***	0.028^***	0.030^***	0.030^***
Automotive firm AR	(0.006)	(0.007)	(0.007)	(0.005)
War	−0.000^***	0.000	−0.001^***	0.000
War	(0.000)	(0.000)	(0.000)	(0.000)
Automotive firm AR × War	0.049^***	0.053^***	0.046^***	0.043^***
Automotive firm AR × War	(0.009)	(0.011)	(0.010)	(0.009)
Lagged customer AR	−0.012^*	−0.079^***	−0.028^***	0.004
Lagged customer AR	(0.007)	(0.010)	(0.008)	(0.006)
Constant	−0.000	−0.000	−0.000	−0.000^***
Constant	(0.000)	(0.000)	(0.000)	(0.000)
Pair fixed effects^a	Yes	Yes	Yes	Yes
Observations	70,176	46,784	61,404	90,644
F-value	45.04^***	45.46^***	39.59^***	41.12^***
R-squared (%)	0.5	0.9	0.5	0.4

Note(s): Robust standard errors in parentheses;

a

Fixed effects for 3,075 customer-automotive firm pairs; ^*p < 0.10,^***p < 0.01

Source(s): Authors’ own creation