Table 8 Estimation results of effects at...

Table 8

Estimation results of effects at different levels of FL

Variable	20%	40%	60%	80%	100%
Cgi	0.415^***	0.865^**	1.439^**	2.193^***	3.880^***
Csr	−2.299^***	−1.679^***	−0.889^***	−0.849^***	−0.385^***
CgiCsr*	−0.916^***	−0.482^**	−0.204^**	−0.153	−0.006

Variable	20%	40%	60%	80%	100%
Cgi	0.415^***	0.865^**	1.439^**	2.193^***	3.880^***
Csr	−2.299^***	−1.679^***	−0.889^***	−0.849^***	−0.385^***
Cgi*Csr	−0.916^***	−0.482^**	−0.204^**	−0.153	−0.006

Note(s): ** and *** indicate statistical significance at the 95% and 99% confidence levels, respectively. Other explanatory variables were included in the model; however, their coefficients are not reported for the sake of brevity

Source(s): Authors’ own work

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