|
| (1) | (2) | (3) |
| ROA | KZ | ROA | |
| Rur_scl | 0.003*** | −0.116*** | 0.001* |
| (4.139) | (−4.864) | (1.798) | |
| KZ |
|
| −0.015*** |
|
|
| (−28.915) | |
| Controls | control | control | control |
| _cons | 0.011 | 0.089 | 0.013 |
| (0.726) | (0.166) | (0.987) | |
| N | 2832 | 2832 | 2832 |
| r2_a | 0.083 | 0.179 | 0.389 |
| year | Yes | Yes | Yes |
| ind | Yes | Yes | Yes |