Cash commitments deferral: services vs industrial firms according to firm age classifications
| (1) | (2) | |
|---|---|---|
| Cashcom Older firms Services vs industrial firms | Cashcom Younger firms services vs industrial firms | |
| Overall | ||
| Industrial sector | 0.153** | 0.375 |
| (3.12) | (1.85) | |
| Service sector | 0.400*** | 0.579*** |
| (7.55) | (4.40) | |
| Difference | −0.247*** | −0.204 |
| (−3.43) | (−0.84) | |
| Endowments | −0.0595 | −0.0731 |
| (−1.48) | (−0.48) | |
| Coefficients | −0.258*** | −0.0720 |
| (−3.42) | (−0.30) | |
| Interaction | 0.0696 | −0.0588 |
| (1.52) | (−0.23) | |
| Endowments | ||
| Firmage | −0.00196 | 0.000638 |
| (−0.27) | (0.04) | |
| Firmsize | −0.0650 | 0.0283 |
| (−1.80) | (0.30) | |
| Demandshock | 0.000391 | −0.0297 |
| (0.13) | (−0.36) | |
| Tempclose | 0.00701 | −0.0724 |
| (0.42) | (−0.58) | |
| Coefficients | ||
| Firmage | 0.0503 | −0.0741 |
| (0.29) | (−0.12) | |
| Firmsize | 0.302 | 0.238 |
| (1.95) | (0.49) | |
| Demandshock | 0.0706 | −0.605 |
| (0.36) | (−1.04) | |
| Tempclose | 0.0548 | 0.378 |
| (0.74) | (1.30) | |
| Constant | −0.735* | −0.00857 |
| (−2.28) | (−0.01) | |
| Interaction | ||
| Firmage | 0.00166 | 0.00235 |
| (0.23) | (0.10) | |
| Firmsize | 0.0725 | 0.0556 |
| (1.63) | (0.45) | |
| Demandshock | −0.000599 | 0.0979 |
| (−0.13) | (0.64) | |
| Tempclose | −0.00392 | −0.215 |
| (−0.37) | (−1.04) | |
| N | 149 | 27 |
| Services firms | 90 | 19 |
| Industrial firms | 59 | 8 |
| (1) | (2) | |
|---|---|---|
| Cashcom | Cashcom | |
| Industrial sector | 0.153** | 0.375 |
| (3.12) | (1.85) | |
| Service sector | 0.400*** | 0.579*** |
| (7.55) | (4.40) | |
| Difference | −0.247*** | −0.204 |
| (−3.43) | (−0.84) | |
| Endowments | −0.0595 | −0.0731 |
| (−1.48) | (−0.48) | |
| Coefficients | −0.258*** | −0.0720 |
| (−3.42) | (−0.30) | |
| Interaction | 0.0696 | −0.0588 |
| (1.52) | (−0.23) | |
| Firmage | −0.00196 | 0.000638 |
| (−0.27) | (0.04) | |
| Firmsize | −0.0650 | 0.0283 |
| (−1.80) | (0.30) | |
| Demandshock | 0.000391 | −0.0297 |
| (0.13) | (−0.36) | |
| Tempclose | 0.00701 | −0.0724 |
| (0.42) | (−0.58) | |
| Coefficients | ||
| Firmage | 0.0503 | −0.0741 |
| (0.29) | (−0.12) | |
| Firmsize | 0.302 | 0.238 |
| (1.95) | (0.49) | |
| Demandshock | 0.0706 | −0.605 |
| (0.36) | (−1.04) | |
| Tempclose | 0.0548 | 0.378 |
| (0.74) | (1.30) | |
| Constant | −0.735* | −0.00857 |
| (−2.28) | (−0.01) | |
| Firmage | 0.00166 | 0.00235 |
| (0.23) | (0.10) | |
| Firmsize | 0.0725 | 0.0556 |
| (1.63) | (0.45) | |
| Demandshock | −0.000599 | 0.0979 |
| (−0.13) | (0.64) | |
| Tempclose | −0.00392 | −0.215 |
| (−0.37) | (−1.04) | |
| N | 149 | 27 |
| Services firms | 90 | 19 |
| Industrial firms | 59 | 8 |
Note(s): t statistics in parentheses. *p < 0.05, **p < 0.01, ***p < 0.001
Source(s): Figure by the author
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.