variable | Dependent variable: net receivables/sales | |||
(1) | (2) | (3) | (4) | |
Full sample | Excluding the financial crisis | |||
FDI × USMP | 1.301 | 1.207 | 1.598 | 1.477 |
| (1.271) | (1.177) | (1.526) | (1.409) |
FDI × USMP × fd | −4.700** | −4.326* | −5.211** | −4.789** |
| (−2.030) | (−1.867) | (−2.203) | (−2.023) |
Constant | −19.763** | −11.688 | −17.923** | −9.472 |
| (−2.529) | (−1.472) | (−2.211) | (−1.146) |
Enterprise FE | yes | yes | yes | yes |
Time FE | yes | yes | yes | yes |
Control variables at the national level | no | yes | no | yes |
Obs | 16,063 | 16,063 | 15,098 | 15,098 |
R-squared | 0.710 | 0.712 | 0.715 | 0.717 |