Variable | Mean+ | Self-protection (a) | No self-protection (b) | Mean difference++ (b-a) |
Firm characteristics |
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Retailers (%) | 0.2357 | 0.2478 | 0.2260 | −0.0218 |
Service (%) | 0.3859 | 0.4059 | 0.3698 | −0.0361 |
Food and plastics (% | 0.0817 | 0.1068 | 0.0616 | −0.0451* |
Textile (%) | 0.0931 | 0.0341 | 0.1404 | 0.1062*** |
Other manufactures (%) | 0.2015 | 0.2051 | 0.1986 | −0.0064 |
Small (%) | 0.6882 | 0.5470 | 0.8013 | 0.2543*** |
Medium (%) | 0.2319 | 0.2905 | 0.1849 | −0.105*** |
Large (%) | 0.0799 | 0.1623 | 0.0136 | −0.148*** |
Sole proprietorship (%) | 0.7186 | 0.5641 | 0.8424 | 0.2783*** |
Domestic (%) | 0.7129 | 0.6196 | 0.7876 | 0.1680*** |
Foreign (%) | 0.1596 | 0.2564 | 0.0821 | −0.1742*** |
Public (%) | 0.1197 | 0.1154 | 0.1232 | 0.0079 |
Sales | 2.23e+09 | 4.76e+09 | 2.07e+08 | −4.55e+09** |
Profit | 1.10e+09 | 2.40e+09 | 6.41e+07 | −2.34e+09*** |
Volume of investment | 2.94e+07 | 5.63e+07 | 7859095 | −4.84e+07*** |
Located in export area (%) | 0.1939 | 0.3247 | 0.0890 | −0.2357*** |
Manager’s characteristics |
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Higher Education (%) | 0.2984 | 0.4230 | 0.1986 | −0.2244*** |
Secondary Education (%) | 0.4334 | 0.3589 | 0.4931 | 0.1341** |
Primary Education (%) | 0.1311 | 0.1068 | 0.1506 | 0.0438 |
No education | 0.1026 | 0.0555 | 0.1404 | 0.0848*** |
Manager’s experience (years) | 12.129 | 14.341 | 10.356 | −3.985*** |
Crime and disorder |
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Crime a severe obstacle (%) | 0.3269 | 0.3504 | 0.3082 | −0.0422 |
Crime a major obstacle (%) | 0.2224 | 0.3119 | 0.1506 | −0.1612*** |
Crime a moderate obstacle (%) | 0.1254 | 0.1196 | 0.1301 | 0.0104 |
Crime a minor obstacle (%) | 0.1996 | 0.1581 | 0.2328 | 0.0747* |
Victim of loss due to crime (%) | 0.2509 | 0.3632 | 0.1609 | −0.2023*** |
Operating after beginning of civil (2002) | 0.5855 | 0.4572 | 0.6883 | 0.2310*** |
Operating after 2004 riots | 0.4562 | 0.3162 | 0.5684 | 0.2522*** |
Paying for security (%) | 0.4448 | - | - | - |
Number of observations | 526 | 234 | 292 |
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