| Government ownership | 0.005** | 1.004** |
|
| (0.002) | (0.002) |
| Firm’s Location | −0.003*** | 0.997*** |
|
| (0.000) | (0.000) |
| Firm’s Location Size |
|
|
| Firm’s Industry | −0.002*** | 0.998*** |
|
| (0.001) | (0.001) |
| /cut1 | −2.143*** | −2.143*** |
|
| (0.149) | (0.149) |
| /cut2 | −0.492*** | −0.492*** |
|
| (0.148) | (0.148) |
| Obs. | 15525 | 15525 |
| P-value Chi2 | 0.000 |
|