Results (logit regression)
| Dependent variable: renewed contract | ||||||||
|---|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
| log_Vol | 0.2894*** (0.0553) | 0.2886*** (0.0563) | 0.2686*** (0.0571) | 0.2666*** (0.0586) | ||||
| Distan | −0.0000 (0.0012) | −0.0000 (0.0013) | 0.002 (0.0014) | 0.002 (0.0014) | ||||
| EmpMA | 0.9067*** (0.3233) | 0.9143*** (0.3328) | 0.8119** (0.4064) | 0.8187** (0.4107) | ||||
| AdProd | 1.1164*** (0.3449) | 1.1113*** (0.3501) | ||||||
| Constant | −3.8135*** (0.6310) | −3.6248*** (0.6647) | −0.5382*** (0.1884) | −0.3376 (0.2466) | −0.6931*** (0.1347) | −0.4935** (0.2104) | −4.1279*** (0.6773) | −3.9221*** (0.7182) |
| N. Obs | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 |
| Pseudo R2 | 0.0613 | 0.0673 | 0.0000 | 0.0080 | 0.0204 | 0.0284 | 0.1000 | 0.1060 |
| Year Dummies | No | Yes | No | Yes | No | Yes | No | Yes |
| Wald Estat | 27.360 | 28.500 | 0.000 | 3.037 | 7.867 | 10.490 | 35.170 | 35.980 |
| p-value Wald | 0.0000 | 0.0000 | 0.9916 | 0.5517 | 0.0050 | 0.0330 | 0.0000 | 0.0000 |
| Dependent variable: renewed contract | ||||||||
|---|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | |
| log_Vol | 0.2894 | 0.2886 | 0.2686 | 0.2666 | ||||
| Distan | −0.0000 (0.0012) | −0.0000 (0.0013) | 0.002 (0.0014) | 0.002 (0.0014) | ||||
| EmpMA | 0.9067 | 0.9143 | 0.8119 | 0.8187 | ||||
| AdProd | 1.1164 | 1.1113 | ||||||
| Constant | −3.8135 | −3.6248 | −0.5382 | −0.3376 (0.2466) | −0.6931 | −0.4935 | −4.1279 | −3.9221 |
| N. Obs | 296 | 296 | 296 | 296 | 296 | 296 | 296 | 296 |
| Pseudo R2 | 0.0613 | 0.0673 | 0.0000 | 0.0080 | 0.0204 | 0.0284 | 0.1000 | 0.1060 |
| Year Dummies | No | Yes | No | Yes | No | Yes | No | Yes |
| Wald Estat | 27.360 | 28.500 | 0.000 | 3.037 | 7.867 | 10.490 | 35.170 | 35.980 |
| 0.0000 | 0.0000 | 0.9916 | 0.5517 | 0.0050 | 0.0330 | 0.0000 | 0.0000 | |
Notes:
Robust standard errors in parentheses; *** p < 0.01; ** p < 0.05; * p < 0.1
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