Additional analysis results
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) |
|---|---|---|---|---|---|---|---|
| Voting_S | 2.868** (1.295) | 4.263* (2.250) | |||||
| Consultation_S | 4.733*** (1.506) | 3.107* (1.838) | |||||
| Block_S | −0.286** (0.123) | −5.593** (2.274) | |||||
| Purchase_S | −0.745 (2.723) | −1.815 (2.889) | |||||
| Control_S | 5.705*** (1.925) | 4.456** (2.051) | |||||
| Opa_S | 1.085 (4.157) | −1.132 (4.344) | |||||
| Controls | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| _cons | −97.06*** (13.37) | −95.52*** (13.36) | 6.676*** (1.082) | −96.77*** (13.40) | −95.94*** (13.36) | −96.88*** (13.40) | −93.49*** (13.35) |
| N | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 |
| R2 | 0.0636 | 0.0666 | 0.0208 | 0.0607 | 0.0659 | 0.0607 | 0.0737 |
| F | 21.23*** | 22.29*** | 6.636*** | 20.20*** | 22.05*** | 20.20*** | 12.38*** |
| Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) |
|---|---|---|---|---|---|---|---|
| Voting_S | 2.868 | 4.263 | |||||
| Consultation_S | 4.733 | 3.107 | |||||
| Block_S | −0.286 | −5.593 | |||||
| Purchase_S | −0.745 (2.723) | −1.815 (2.889) | |||||
| Control_S | 5.705 | 4.456 | |||||
| Opa_S | 1.085 (4.157) | −1.132 (4.344) | |||||
| Controls | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| _cons | −97.06 | −95.52 | 6.676 | −96.77 | −95.94 | −96.88 | −93.49 |
| 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | 1,840 | |
| 0.0636 | 0.0666 | 0.0208 | 0.0607 | 0.0659 | 0.0607 | 0.0737 | |
| F | 21.23 | 22.29 | 6.636 | 20.20 | 22.05 | 20.20 | 12.38 |
*, ** and *** indicate, respectively, a significance level at 10, 5 and 1%. The F-value reported is statistically significant at 1%. The model is estimated using a fixed effects specification
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