Dependent variable: LNwage | |||||
VARIABLES | (1) | (2) | (3) | (4) | (5) |
HHI | −0.280** |
|
| −0.278** |
|
| (−2.24) |
|
| (−2.23) |
|
NUM |
| 0.114*** |
|
| 0.121*** |
|
| (3.25) |
|
| (3.46) |
PCM |
|
| 0.123*** | 0.122*** | 0.129*** |
|
|
| (3.80) | (3.79) | (3.98) |
SIZE | 0.165*** | 0.166*** | 0.160*** | 0.160*** | 0.161*** |
| (36.27) | (36.51) | (34.01) | (33.92) | (34.15) |
LEV | −0.308*** | −0.302*** | −0.278*** | −0.276*** | −0.268*** |
| (−11.80) | (−11.54) | (−10.16) | (−10.10) | (−9.76) |
PPE | −0.606*** | −0.610*** | −0.602*** | −0.602*** | −0.606*** |
| (−19.79) | (−19.90) | (−19.65) | (−19.66) | (−19.78) |
GROWTH | −0.0103 | −0.0106 | −0.0172* | −0.0174* | −0.0182** |
| (−1.17) | (−1.21) | (−1.92) | (−1.94) | (−2.02) |
POWER | −0.0433*** | −0.0455*** | −0.0446*** | −0.0445*** | −0.0469*** |
| (−3.33) | (−3.50) | (−3.43) | (−3.43) | (−3.61) |
| (5.15) | (5.39) | (5.24) | (5.11) | (5.37) |
Constant | 6.775*** | 6.378*** | 6.826*** | 6.860*** | 6.444*** |
| (67.57) | (42.85) | (67.21) | (66.79) | (43.04) |
Year | Controlled | Controlled | Controlled | Controlled | Controlled |
Industry | Controlled | Controlled | Controlled | Controlled | Controlled |
Observations | 20,220 | 20,220 | 20,220 | 20,220 | 20,220 |
R-squared | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |