variable | Dependent variable: net receivables/sales | |||
(1) | (2) | (3) | (4) | |
Full sample | Excluding the financial crisis | |||
FDI × USMP | −1.741*** | −1.461*** | −1.499*** | −1.202** |
| (−3.629) | (−3.043) | (−3.042) | (−2.435) |
FDI × USMP × SA | 0.222*** | 0.192** | 0.190** | 0.157* |
| (2.844) | (2.458) | (2.370) | (1.958) |
Constant | −198.172*** | −188.588*** | −193.039*** | −182.615*** |
| (−8.049) | (−7.664) | (−7.652) | (−7.240) |
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 | 0.712 | 0.713 | 0.718 | 0.719 |