Institutional difference, BRI and investment result
| trouble | ||||
|---|---|---|---|---|
| Variables | (1) | (2) | (3) | (4) |
| Idiff | 0.112** (0.047) | 0.174*** (0.051) | – | – |
| Idifff×bar | – | −0.248** (0.099) | – | – |
| Cdiff | – | – | 0.134*** (0.050) | 0.136** (0.058) |
| Cdifff×bar | – | – | – | 0.011 (0.108) |
| bar | – | −0.105 (0.179) | – | 0.216 (0.283) |
| Constant term | −0.924 (0.602) | −0.973 (0.610) | −1.325* (0.776) | −1.496* (0.803) |
| Control variable | Y | Y | Y | Y |
| Industry fixed effect | Y | Y | Y | Y |
| Time fixed effect | Y | Y | Y | Y |
| Sample size | 2,391 | 2,391 | 1,753 | 1,806 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| 0.112** (0.047) | 0.174*** (0.051) | – | – | |
| – | −0.248** (0.099) | – | – | |
| – | – | 0.134*** (0.050) | 0.136** (0.058) | |
| – | – | – | 0.011 (0.108) | |
| – | −0.105 (0.179) | – | 0.216 (0.283) | |
| Constant term | −0.924 (0.602) | −0.973 (0.610) | −1.325* (0.776) | −1.496* (0.803) |
| Control variable | Y | Y | Y | Y |
| Industry fixed effect | Y | Y | Y | Y |
| Time fixed effect | Y | Y | Y | Y |
| Sample size | 2,391 | 2,391 | 1,753 | 1,806 |
Notes: *,**,***Significant at the 10, 5 and 1 percent significant levels, respectively
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