VARIABLES | Technology | Manufacturing | Services | ||||||
ROE | ROA | Profit | ROE | ROA | Profit | ROA | Profit | ROE | |
Social media | 0.164*** | 0.164*** | 22.09 | 0.0610 | 0.0573 | 53.08*** | 0.256*** | 44.74*** | 0.126** |
(0.0536) | (0.0456) | (23.13) | (0.0477) | (0.0470) | (19.78) | (0.0648) | (15.21) | (0.0571) | |
Growth | 0.699*** | 0.654*** | 15.66 | 0.774*** | 0.815*** | 33.37*** | 0.765*** | 5.942 | 0.920*** |
(0.0241) | (0.0207) | (10.69) | (0.0224) | (0.0203) | (9.116) | (0.0200) | (7.763) | (0.0290) | |
Log working capital | 0.370*** | 0.366*** | 114.8*** | 0.430*** | 0.357*** | 177.9*** | 0.345*** | 100.7*** | 0.258*** |
(0.0234) | (0.0268) | (8.855) | (0.0205) | (0.0181) | (8.444) | (0.0227) | (6.173) | (0.0224) | |
log expense | −0.244*** | −0.247*** | 40.99 | −0.175** | −0.260*** | −7.455 | 0.389** | −69.42** | 0.229** |
(0.0928) | (0.0882) | (35.23) | (0.0838) | (0.0766) | (31.42) | (0.153) | (28.68) | (0.106) | |
Age | 0.00497 | 0.00866* | −10.01*** | 0.00754 | 0.0205*** | −0.0620 | −0.000878 | −9.775*** | −0.00537 |
(0.00618) | (0.00495) | (2.846) | (0.00507) | (0.00586) | (2.085) | (0.00657) | (1.982) | (0.00695) | |
Debt sustainability | −1.791** | −0.286 | −674.3** | 0.554 | 0.312 | 276.0 | 3.628*** | −935.0*** | 0.378 |
(0.710) | (0.467) | (300.1) | (0.504) | (0.544) | (223.9) | (0.679) | (183.8) | (0.691) | |
Leverage | 1.445*** | 1.725*** | −21.08 | −0.133 | 0.135 | −46.99 | −1.129*** | 8.252 | −0.997*** |
(0.317) | (0.234) | (151.6) | (0.291) | (0.352) | (129.8) | (0.319) | (100.3) | (0.311) | |
war relocation | −0.0820 | −0.0686* | 12.47 | −0.103** | −0.316*** | −16.02 | 0.00305 | 27.51 | −0.164*** |
(0.0533) | (0.0394) | (23.21) | (0.0465) | (0.0525) | (20.85) | (0.0584) | (18.05) | (0.0623) | |
Constant | 0.668 | 0.358 | −401.0 | −0.771 | 0.277 | −334.4 | −7.600*** | 960.5*** | −5.172*** |
(1.283) | (1.158) | (477.4) | (0.977) | (0.913) | (374.3) | (1.988) | (366.4) | (1.376) | |
Observations | 142 | 127 | 142 | 225 | 215 | 225 | 138 | 153 | 153 |
Number of ids | 37 | 37 | 37 | 40 | 40 | 40 | 40 | 40 | 40 |