variable | Dependent variable: debt financing costs | |||
(1) | (2) | (3) | (4) | |
Full sample | Excluding the financial crisis | |||
USMP × tradecredit | 0.001*** | 0.001*** | 0.001*** | 0.001*** |
| (3.274) | (3.023) | (2.964) | (2.640) |
Constant | 7.440*** | 8.972*** | 7.671*** | 9.598*** |
| (7.438) | (9.019) | (7.565) | (9.479) |
Enterprise FE | yes | yes | yes | yes |
Time FE | yes | yes | yes | yes |
Control variables at the national level | no | yes | no | yes |
Obs | 13,073 | 13,073 | 12,370 | 12,370 |
R-squared | 0.605 | 0.622 | 0.610 | 0.625 |