Constant

16.748***

18.272***

19.952***

20.020***

13.582***

7.412**

(5.53)

(6.12)

(6.56)

(6.22)

(4.50)

(2.45)

Industry FE

YES

YES

YES

YES

YES

YES

Year FE

YES

YES

YES

YES

YES

YES

N

3216

3216

3216

3216

3216

3216