variable | Dependent variable: net receivables/sales | |||
(1) | (2) | (3) | (4) | |
Full sample | Excluding the financial crisis | |||
FDI × USMP | 2.015*** | 2.108*** | 1.963*** | 2.044*** |
| (3.443) | (3.594) | (3.310) | (3.438) |
FDI × USMP × kaopen | −5.076*** | −5.164*** | −4.735*** | −4.815*** |
| (−4.613) | (−4.692) | (−4.230) | (−4.299) |
Constant | −29.816*** | −27.624** | −27.400** | −25.321** |
| (−2.669) | (−2.469) | (−2.347) | (−2.165) |
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 | 0.675 | 0.675 | 0.684 | 0.685 |