variable | Dependent variable: net receivables/sales | |||
(1) | (2) | (3) | (4) | |
Full sample | Excluding the financial crisis | |||
FDI × USMP | −2.429*** | −2.305*** | −2.131*** | −2.017*** |
| (−4.295) | (−4.077) | (−3.674) | (−3.478) |
FDI × USMP × erf | 2.999*** | 3.011*** | 2.562*** | 2.611*** |
| (3.204) | (3.220) | (2.659) | (2.713) |
Constant | −29.032*** | −20.625*** | −27.521*** | −18.598** |
| (−3.782) | (−2.627) | (−3.464) | (−2.283) |
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 | 0.717 | 0.718 |