Robust regression results using 2SLS
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| ESI_S | ESI_S | ESI_S | ESI_S | |
| CUST_P | 0.0405*** (0.0101) | |||
| EMP_P | 0.0154*** (0.0025) | |||
| SUP_P | 0.0002** (0.0001) | |||
| SHR_P | 0.0001 (0.0001) | |||
| Constant | 0.1386*** (0.0228) | −0.0168 (0.0331) | 0.1326*** (0.0227) | 0.1367*** (0.0228) |
| Controls | Included | Included | Included | Included |
| Industry FE | controlled | controlled | controlled | controlled |
| Time FE | controlled | controlled | controlled | controlled |
| Observations | 6,040 | 6,040 | 6,040 | 6,040 |
| R-squared | 0.09 | 0.10 | 0.09 | 0.09 |
| Variables | (1) | (2) | (3) | (4) |
|---|---|---|---|---|
| ESI_S | ESI_S | ESI_S | ESI_S | |
| CUST_P | 0.0405 | |||
| EMP_P | 0.0154 | |||
| SUP_P | 0.0002** (0.0001) | |||
| SHR_P | 0.0001 (0.0001) | |||
| Constant | 0.1386 | −0.0168 (0.0331) | 0.1326 | 0.1367 |
| Controls | Included | Included | Included | Included |
| Industry FE | controlled | controlled | controlled | controlled |
| Time FE | controlled | controlled | controlled | controlled |
| Observations | 6,040 | 6,040 | 6,040 | 6,040 |
| 0.09 | 0.10 | 0.09 | 0.09 |
Notes:
Robust standard errors in parentheses; ***p < 0.01; **p < 0.05; *p < 0.1