Table 6 Rejection of the IDD and...

Table 6

Rejection of the IDD and firm-level outcomes

	NETHIRE_t	GSALE_t	AZ_t	EDF_t
	(1)	(2)	(3)	(4)
IDDR_t	−0.017*	−0.022**	−0.613*	3.098*
IDDR_t	(0.009)	(0.010)	(0.362)	(1.790)
Controls	Y	Y	Y	Y
Firm FE	Y	Y	Y	Y
Region*Year FE	Y	Y	Y	Y
N	78,615	80,750	73,926	70,758
Adj_R²	0.179	0.206	0.603	0.479

	NETHIRE_t	GSALE_t	AZ_t	EDF_t
IDDR_t	−0.017*	−0.022**	−0.613*	3.098*
(0.009)	(0.010)	(0.362)	(1.790)
Controls	Y	Y	Y	Y
Firm FE	Y	Y	Y	Y
Region*Year FE	Y	Y	Y	Y
N	78,615	80,750	73,926	70,758
Adj_R²	0.179	0.206	0.603	0.479

Note(s): This table estimates rejection of the Inevitable Disclosure Doctrine (IDD) on firm-level outcomes. All variables are as defined in Table A1 in Appendix. The sample period covers 1990 through 2017. All columns control for firm-fixed effects and region-times-year-fixed effects. Robust standard errors are clustered at the state-of-headquarter level. Robust standard errors are reported in parentheses. Coefficients marked with *, **, and *** are significant at 10%, 5%, and 1%, respectively

[ViewLarge]

Sharing Unavailable