variable | Dependent variable: net receivables / sales | |||
(1) | (2) | (3) | (4) | |
Full sample | Excluding the financial crisis | |||
FDI_AE × USMP | −1.021*** | −0.911*** | −1.028*** | −0.916** |
| (−2.903) | (−2.592) | (−2.860) | (−2.552) |
FDI_other × USMP | −0.893* | −0.584 | −0.645 | −0.309 |
| (−1.664) | (−1.089) | (−1.173) | (−0.561) |
Constant | −25.787*** | −17.268** | −24.318*** | −15.304* |
| (−3.349) | (−2.204) | (−3.051) | (−1.881) |
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 | 15,098 | 15,098 |
R-squared | 0.709 | 0.711 | 0.715 | 0.716 |