variable | Dependent variable: net receivables/sales | |||||
(1) | (2) | (3) | (4) | (5) | (6) | |
Full sample | Excluding the financial crisis | |||||
USMP | 1.016*** | 7.720*** |
| 1.001*** | 7.546*** |
|
| (11.251) | (11.527) |
| (10.849) | (11.065) |
|
USMP × size |
| −0.319*** | −0.267*** |
| −0.311*** | −0.267*** |
|
| (−10.102) | (−8.218) |
| (−9.685) | (−8.053) |
Constant | −0.229 | 2.928 | −19.796** | 9.668 | 12.242* | −17.709** |
| (−0.035) | (0.446) | (−2.413) | (1.395) | (1.772) | (−2.079) |
Enterprise FE | yes | yes | yes | yes | yes | yes |
Time FE | no | no | yes | no | no | yes |
Control variables at the national level | yes | yes | yes | yes | yes | yes |
Obs | 15,117 | 15,117 | 15,117 | 14,232 | 14,232 | 14,232 |
R-squared | 0.705 | 0.707 | 0.712 | 0.711 | 0.713 | 0.717 |