Case 1 | Case 2 | Case 3 | ||||||||||
Entry | Exit | Entry | Exit | Entry | Exit | |||||||
Coef. | Std. err. | Coef. | Std. err. | Coef. | Std. err. | Coef. | Std. err. | Coef. | Std. err. | Coef. | Std. err. | |
Constant | 0.0205 | 0.0167 | 0.0432*** | 0.0045 | 0.0289** | 0.0141 | 0.0254*** | 0.0092 | 0.0335** | 0.0138 | 0.0261** | 0.0105 |
EXIT | 0.4038* | 0.2439 | 0.0409 | 0.2105 | 0.0376 | 0.2042 | ||||||
ENTRY | 0.2238*** | 0.0838 | 0.6399** | 0.2975 | 0.6336* | 0.3531 | ||||||
HHI | 0.0036 | 0.0052 | −0.0090*** | 0.0030 | 0.0015 | 0.0060 | −0.0126** | 0.0051 | 0.0003 | 0.0058 | −0.0127*** | 0.0048 |
DMNBR | 0.0093 | 0.0063 | −0.0083** | 0.0042 | 0.0035 | 0.0076 | −0.0148** | 0.0072 | 0.0031 | 0.0071 | −0.0144** | 0.0069 |
POER | −0.0529*** | 0.0116 | −0.0318** | 0.0133 | −0.0375*** | 0.0126 | ||||||
RPG | 0.1323 | 0.1014 | −0.0168 | 0.1160 | −0.0558 | 0.1088 | ||||||
SLTI | 0.0165*** | 0.0044 | 0.0066 | 0.0047 | −0.0031 | 0.0043 | ||||||
RCTI | −0.0154 | 0.0203 | −0.0215 | 0.0326 | −0.0085 | 0.0340 | ||||||
UER | 0.1174*** | 0.0231 | 0.1560*** | 0.0393 | 0.1669*** | 0.0363 | ||||||
OLDR | 0.0152 | 0.0113 | 0.0102 | 0.0195 | 0.0110 | 0.0199 | ||||||
R2 | 0.1836 | 0.1833 | 0.0362 | 0.0969 | 0.0306 | 0.0759 | ||||||
Observations | 564 | 564 | 564 |