Table 7 Propagation effects on suppliers... | Emerald Publishing

Table 7

Propagation effects on suppliers^a

DV: supplier 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	0.041^***	0.045^***	0.042^***	0.041^***
Automotive firm AR	(0.005)	(0.005)	(0.005)	(0.005)
War	−0.002^***	0.000^***	−0.000^***	0.000^***
War	(0.000)	(0.000)	(0.000)	(0.000)
Automotive firm AR × War	0.009	0.005	0.020^***	0.032^***
Automotive firm AR × War	(0.007)	(0.008)	(0.007)	(0.006)
Lagged supplier AR	−0.017^**	−0.088^***	−0.036^***	−0.013^***
Lagged supplier AR	(0.005)	(0.005)	(0.006)	(0.004)
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^c	126,072	84,048	110,313	162,843
F-value	96.27^***	85.77^***	39.59^***	68.82^***
R-squared (%)	4.0	0.9	4.0	3.0

DV: supplier 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	0.041^***	0.045^***	0.042^***	0.041^***
Automotive firm AR	(0.005)	(0.005)	(0.005)	(0.005)
War	−0.002^***	0.000^***	−0.000^***	0.000^***
War	(0.000)	(0.000)	(0.000)	(0.000)
Automotive firm AR × War	0.009	0.005	0.020^***	0.032^***
Automotive firm AR × War	(0.007)	(0.008)	(0.007)	(0.006)
Lagged supplier AR	−0.017^**	−0.088^***	−0.036^***	−0.013^***
Lagged supplier AR	(0.005)	(0.005)	(0.006)	(0.004)
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^c	126,072	84,048	110,313	162,843
F-value	96.27^***	85.77^***	39.59^***	68.82^***
R-squared (%)	4.0	0.9	4.0	3.0

Note(s): Robust standard errors in parentheses;

a

Fixed effects for 5,508 supplier-automotive firm pairs;^**p < 0.05,^***p < 0.01

Source(s): Authors’ own creation