Political parties analysis (2006–2022, n = 3,404)
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |
|---|---|---|---|---|---|---|---|---|---|
| Variables | CA_HO | CA_HO | CA_HO | LEV | LEV | LEV | INVEFF | INVEFF | INVEFF |
| LDON_ALP | −0.002* (−1.78) | 0.001 (1.20) | −0.000 (−0.95) | ||||||
| LDON_LNP | −0.001* (−1.79) | 0.001 (1.62) | −0.001** (−2.00) | ||||||
| LDON_Other | −0.003 (−0.92) | 0.001 (0.41) | −0.003*** (−2.84) | ||||||
| Control variables | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Observations | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 |
| Adj-R2 | 0.351 | 0.351 | 0.351 | 0.230 | 0.230 | 0.230 | 0.230 | 0.231 | 0.232 |
| Year | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Industry | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | |
|---|---|---|---|---|---|---|---|---|---|
| −0.002 | 0.001 (1.20) | −0.000 (−0.95) | |||||||
| −0.001 | 0.001 (1.62) | −0.001 | |||||||
| −0.003 (−0.92) | 0.001 (0.41) | −0.003 | |||||||
| Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | 3,404 | |
| 0.351 | 0.351 | 0.351 | 0.230 | 0.230 | 0.230 | 0.230 | 0.231 | 0.232 | |
| Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Please refer to Table 2 for operational definitions. LDON_ALP is the natural log transformation of political donations made to Australian Labor Party, LDON_LNP presents donations made to Liberal National Party. LDON_Other is donations made to smaller parties. Robust t-statistics in parentheses. ***p < 0.01; **p < 0.05; *p < 0.1