| Variables |
Model(5) RD |
Model(6) RDP |
| DTreat |
0.049*** (−5.69) |
0.102*** (−4.96) |
| Size |
0.12 (−1.46) |
0.114 (−0.76) |
| Age |
−0.068** (−2.15) |
−0.136* (−1.81) |
| Focus |
−0.098** (−2.54) |
−0.201** (−2.52) |
| DAr |
−0.256*** (−2.69) |
−0.403** (−2.20) |
| Cash |
0.702*** −10.89 |
1.441*** (−10.24) |
| Rol |
0.211** (−2.36) |
−0.01 (−0.04) |
| manu |
0.178*** (−4.44) |
0.214** (−2.47) |
| tech |
0.281*** (−6.56) |
0.550*** (−5.56) |
| east |
0.220*** (−4.97) |
0.277*** (−3.31) |
| mid |
0.128** (−2.36) |
0.173* (−1.73) |
| constant |
0.468 (−0.98) |
−7.954*** (−10.12) |
| R2 |
0.455 |
0.402 |