variable

Dependent variable: net receivables/sales

(1)

(2)

(3)

(4)

Full sample

Excluding the financial crisis

FDI × USMP

−1.366**

−1.287**

−1.225**

−1.162**

(−2.461)

(−2.313)

(−2.160)

(−2.044)

FDI × USMP × m²

0.070***

0.066**

0.068***

0.065**

(2.690)

(2.561)

(2.588)

(2.471)

Constant

−25.460**

−24.316**

−21.888*

−20.892*

(−2.264)

(−2.161)

(−1.861)

(−1.776)

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

0.674

0.675

0.684

0.685