| Good Political and business environment | Bad Political and business environment | |||
| riskb | riskb | riskb | riskb | |
| SEA | 0.0020683*** (2.8) | 0.0008851 (0.46) | ||
| mix | 0.000597 (0.500) | 0.00336 (0.950) | ||
| educetio | 0.00245** (2.090) | −0.00129 (−0.430) | ||
| wor | 0.00284*** (2.790) | 0.00134 (0.510) | ||
| Controls | YES | YES | YES | YES |
| Year | YES | YES | YES | YES |
| INDUSTRY | YES | YES | YES | YES |