Oaxaca–Blinder decomposition results
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Cashcom Services sector vs Industrial sector Main results | Cashcom Services sector vs Industrial sector Main results Female manager | Cashcom Services sector vs Industrial sector Main results The firms cannot convert their products to medical products etc. | Cashcom Services sector vs Industrial sector Main results The firms that do not use online delivery or service line | Cashcom Possible bankruptcy. The deferral of cash commitments and the possible bankruptcy relation | |
| Overall | |||||
| Industrial sector | 0.179*** | 0.143 | 0.176** | 0.180** | 0.226** |
| (3.68) | (0.97) | (3.16) | (3.15) | (2.79) | |
| Service sector | 0.431*** | 0.522*** | 0.455*** | 0.465*** | 0.574*** |
| (8.89) | (4.50) | (8.34) | (7.59) | (8.16) | |
| Difference | −0.252*** | −0.379* | −0.278*** | −0.285*** | −0.348** |
| (−3.67) | (−2.02) | (−3.56) | (−3.40) | (−3.25) | |
| Endowments | −0.0550 | 0.0472 | −0.0512 | −0.0458 | −0.0391 |
| (−1.50) | (0.17) | (−1.20) | (−1.16) | (−0.71) | |
| Coefficients | −0.275*** | −0.0751 | −0.322*** | −0.312*** | −0.353** |
| (−4.00) | (−0.47) | (−3.88) | (−3.57) | (−3.07) | |
| Interaction | 0.0775 | −0.351 | 0.0947 | 0.0729 | 0.0436 |
| (1.74) | (−1.05) | (1.53) | (1.34) | (0.47) | |
| Endowments | |||||
| Firmage | −0.00818 | −0.0520 | −0.00788 | 0.000493 | −0.000265 |
| (−0.64) | (−0.66) | (−0.54) | (0.13) | (−0.01) | |
| Firmsize | −0.0598* | 0.0302 | −0.0545 | −0.0452 | −0.0604 |
| (−1.96) | (0.13) | (−1.59) | (−1.34) | (−1.30) | |
| Demandshock | 0.00117 | 0.118 | 0.00310 | 0.00268 | 0.00724 |
| (0.27) | (0.84) | (0.31) | (0.32) | (0.46) | |
| Tempclose | 0.0119 | −0.0492 | 0.00808 | −0.00375 | 0.0143 |
| (0.84) | (−0.70) | (0.36) | (−0.22) | (0.66) | |
| Coefficients | |||||
| Firmage | 0.0521 | −0.748 | −0.0525 | −0.0338 | −0.183 |
| (0.49) | (−1.93) | (−0.38) | (−0.20) | (−1.21) | |
| Firmsize | 0.351** | −0.374 | 0.516** | 0.450* | 0.750** |
| (2.65) | (−1.39) | (3.05) | (2.52) | (2.97) | |
| Demandshock | 0.00270 | 0.374 | 0.00242 | 0.116 | 0.141 |
| (0.01) | (0.99) | (0.01) | (0.48) | (0.54) | |
| Tempclose | 0.0827 | 0.176 | 0.190* | 0.107 | 0.170 |
| (1.14) | (1.35) | (2.32) | (1.30) | (1.52) | |
| Constant | −0.763** | 0.497 | −0.978** | −0.951** | −1.232** |
| (−3.20) | (0.81) | (−3.05) | (−2.77) | (−3.16) | |
| Interaction | |||||
| Firmage | 0.00390 | 0.136 | −0.00523 | 0.000916 | −0.0406 |
| (0.41) | (1.00) | (−0.35) | (0.16) | (−0.83) | |
| Firmsize | 0.0856* | −0.335 | 0.112* | 0.0701 | 0.125 |
| (2.06) | (−1.28) | (1.97) | (1.43) | (1.43) | |
| Demandshock | −0.0000737 | −0.0814 | −0.000147 | −0.00275 | −0.00799 |
| (−0.01) | (−0.71) | (−0.01) | (−0.29) | (−0.41) | |
| Tempclose | −0.0119 | −0.0707 | −0.0118 | 0.00472 | −0.0325 |
| (−0.74) | (−0.76) | (−0.36) | (0.22) | (−0.76) | |
| N | 176 | 30 | 139 | 121 | 85 |
| Industrial Firms | 67 | 7 | 51 | 50 | 54 |
| Services firms | 109 | 23 | 88 | 71 | 31 |
| (1) | (2) | (3) | (4) | (5) | |
|---|---|---|---|---|---|
| Cashcom | Cashcom | Cashcom | Cashcom | Cashcom | |
| Industrial sector | 0.179*** | 0.143 | 0.176** | 0.180** | 0.226** |
| (3.68) | (0.97) | (3.16) | (3.15) | (2.79) | |
| Service sector | 0.431*** | 0.522*** | 0.455*** | 0.465*** | 0.574*** |
| (8.89) | (4.50) | (8.34) | (7.59) | (8.16) | |
| Difference | −0.252*** | −0.379* | −0.278*** | −0.285*** | −0.348** |
| (−3.67) | (−2.02) | (−3.56) | (−3.40) | (−3.25) | |
| Endowments | −0.0550 | 0.0472 | −0.0512 | −0.0458 | −0.0391 |
| (−1.50) | (0.17) | (−1.20) | (−1.16) | (−0.71) | |
| Coefficients | −0.275*** | −0.0751 | −0.322*** | −0.312*** | −0.353** |
| (−4.00) | (−0.47) | (−3.88) | (−3.57) | (−3.07) | |
| Interaction | 0.0775 | −0.351 | 0.0947 | 0.0729 | 0.0436 |
| (1.74) | (−1.05) | (1.53) | (1.34) | (0.47) | |
| Firmage | −0.00818 | −0.0520 | −0.00788 | 0.000493 | −0.000265 |
| (−0.64) | (−0.66) | (−0.54) | (0.13) | (−0.01) | |
| Firmsize | −0.0598* | 0.0302 | −0.0545 | −0.0452 | −0.0604 |
| (−1.96) | (0.13) | (−1.59) | (−1.34) | (−1.30) | |
| Demandshock | 0.00117 | 0.118 | 0.00310 | 0.00268 | 0.00724 |
| (0.27) | (0.84) | (0.31) | (0.32) | (0.46) | |
| Tempclose | 0.0119 | −0.0492 | 0.00808 | −0.00375 | 0.0143 |
| (0.84) | (−0.70) | (0.36) | (−0.22) | (0.66) | |
| Firmage | 0.0521 | −0.748 | −0.0525 | −0.0338 | −0.183 |
| (0.49) | (−1.93) | (−0.38) | (−0.20) | (−1.21) | |
| Firmsize | 0.351** | −0.374 | 0.516** | 0.450* | 0.750** |
| (2.65) | (−1.39) | (3.05) | (2.52) | (2.97) | |
| Demandshock | 0.00270 | 0.374 | 0.00242 | 0.116 | 0.141 |
| (0.01) | (0.99) | (0.01) | (0.48) | (0.54) | |
| Tempclose | 0.0827 | 0.176 | 0.190* | 0.107 | 0.170 |
| (1.14) | (1.35) | (2.32) | (1.30) | (1.52) | |
| Constant | −0.763** | 0.497 | −0.978** | −0.951** | −1.232** |
| (−3.20) | (0.81) | (−3.05) | (−2.77) | (−3.16) | |
| Firmage | 0.00390 | 0.136 | −0.00523 | 0.000916 | −0.0406 |
| (0.41) | (1.00) | (−0.35) | (0.16) | (−0.83) | |
| Firmsize | 0.0856* | −0.335 | 0.112* | 0.0701 | 0.125 |
| (2.06) | (−1.28) | (1.97) | (1.43) | (1.43) | |
| Demandshock | −0.0000737 | −0.0814 | −0.000147 | −0.00275 | −0.00799 |
| (−0.01) | (−0.71) | (−0.01) | (−0.29) | (−0.41) | |
| Tempclose | −0.0119 | −0.0707 | −0.0118 | 0.00472 | −0.0325 |
| (−0.74) | (−0.76) | (−0.36) | (0.22) | (−0.76) | |
| N | 176 | 30 | 139 | 121 | 85 |
| Industrial Firms | 67 | 7 | 51 | 50 | 54 |
| Services firms | 109 | 23 | 88 | 71 | 31 |
Note(s): t statistics in parentheses. *p < 0.05, **p < 0.01, ***p < 0.001
Source(s): Figure by the author
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