Table 6. Robustness checks Variables... | Emerald Publishing

Table 6.

Robustness checks

Variables	Model 5 (ASSU)	Model 6 (ASSUQ1)	Model 7 (ASSUQ2)	Model 8 (ASSUQ3)
CC	2.121**	2.242**	2.078**	2.112**
BGD	1.982**	2.122**	2.131**	2.232**
CEC	2.143**	2.090**	2.019**	2.122*
CONTROLS	YES	YES	YES	YES
YEAR	YES	YES	YES	YES
INDU	YES	YES	YES	YES
N	978	978	978	978
CONSTANT	0.137*	0.132*	0.134*	0.139*
Pseudo R²	0.192	0.191	0.196	0.202

Variables	Model 5 (ASSU)	Model 6 (ASSUQ1)	Model 7 (ASSUQ2)	Model 8 (ASSUQ3)
CC	2.121**	2.242**	2.078**	2.112**
BGD	1.982**	2.122**	2.131**	2.232**
CEC	2.143**	2.090**	2.019**	2.122*
CONTROLS	YES	YES	YES	YES
YEAR	YES	YES	YES	YES
INDU	YES	YES	YES	YES
N	978	978	978	978
CONSTANT	0.137*	0.132*	0.134*	0.139*
Pseudo R²	0.192	0.191	0.196	0.202

Notes:

*Significance at the 10% level; **significance at the 5% level; ***significance at the 1% level

Source: Author’s own work