| variant | (5) | (6) | (7) |
| BC | −0.020*** | −0.022*** | −0.019*** |
| BC × INST | (−4.98) | (−5.53) | (−4.65) |
|
| −0.001*** |
| |
| INST |
| (−2.93) |
|
|
| 0.001*** |
| |
| BC × Indep |
| (6.36) |
|
|
|
| −0.002*** | |
| Indep |
|
| (−2.99) |
|
|
| 0.001 | |
| Ind/Year/Controls |
|
| (0.87) |
| Yes | Yes | Yes | |
| cons | 0.133*** | 0.179*** | 0.127*** |
| N | (3.90) | (5.14) | (3.71) |
| 19672 | 19672 | 19672 | |
| R2 | 0.156 | 0.159 | 0.156 |