Average marginal effects on P(CDC = high)
| Variable | AME on P(High) | Substantive interpretation |
|---|---|---|
| CHC | 0.158*** | +1 SD in CHC → +15.8 p.p. increase in probability of High CDC maturity |
| CSC | 0.015 n.s | +1 SD in CSC → +1.5 p.p. (absorbed by inter-IC integration) |
| CRC | 0.012 n.s | +1 SD in CRC → +1.2 p.p. (absorbed by inter-IC integration) |
| Firm size | 0.038 n.s | +1 size category → +3.8 p.p. (n.s. in main specification) |
| Variable | AME on P(High) | Substantive interpretation |
|---|---|---|
| CHC | 0.158*** | +1 SD in CHC → +15.8 p.p. increase in probability of High CDC maturity |
| CSC | 0.015 n.s | +1 SD in CSC → +1.5 p.p. (absorbed by inter-IC integration) |
| CRC | 0.012 n.s | +1 SD in CRC → +1.2 p.p. (absorbed by inter-IC integration) |
| Firm size | 0.038 n.s | +1 size category → +3.8 p.p. (n.s. in main specification) |
Note(s): AME computed at mean covariate values
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