variable | Dependent variable: Bank loans/total assets | |||
(1) | (2) | (3) | (4) | |
Full sample | Excluding the financial crisis | |||
USMP × tradecredit | 0.002* | 0.002** | 0.002 | 0.002** |
| (1.736) | (1.992) | (1.632) | (2.047) |
Constant | 29.943*** | 28.322*** | 31.564*** | 28.900*** |
| (9.746) | (9.057) | (10.037) | (9.003) |
Enterprise FE | yes | yes | yes | yes |
Time FE | yes | yes | yes | yes |
Control variables at the national level | no | yes | no | yes |
Obs | 15,117 | 15,117 | 14,232 | 14,232 |
R-squared | 0.725 | 0.725 | 0.730 | 0.730 |