variable | (1) | (2) | (3) | (4) |
accounts receivable | accounts payable | |||
FDI × USMP | −0.956*** | −0.779** | −0.049 | −0.030 |
| (−2.784) | (−2.266) | (−0.694) | (−0.420) |
Constant | 8.184 | 17.048* | 20.452*** | 21.433*** |
| (0.924) | (1.891) | (11.138) | (11.441) |
Enterprise FE | yes | yes | yes | yes |
Time FE | yes | yes | yes | yes |
Control variables at the national level | no | yes | no | yes |
Obs | 16,063 | 16,063 | 16,063 | 16,063 |
R-squared | 0.705 | 0.707 | 0.581 | 0.582 |