Location Size

Firm’s Industry

0.000

1.000

0.000

(0.001)

(0.001)

(0.000)

_cons

−1.312***

0.269***

(0.169)

(0.045)

Obs.

15525

15525

McFadden R2

0.067

Count R2

0.626

P-value 2

0.391