| Good Political and business environment | ||
| riskb | riskb | |
| SEA | 0.114058*** (2.57) | |
| o | −0.4750328 (−0.49) | |
| mix | 0.1678505** (2.320) | |
| educetio | 0.1717839** (2.37) | |
| wor | 0.0740463** (1.22) | |
| r | 1.661856 (0.90) | |
| s | −4.091036 (−2.53) | |
| t | 0.8758448 (0.670) | |
| riskb | 4.080716*** (8.03) | 4.079397*** (8.03) |
| Controls | YES | YES |
| Year | YES | YES |
| INDUSTRY | YES | YES |