VARIABLES | (1) | (2) | (3) | (4) | (5) | (6) | (7) |
location | scale | 10% | 25% | 50% | 75% | 90% | |
Depth of SM presence | 0.295*** | 0.129** | 0.532*** | 0.389*** | 0.276*** | 0.178** | 0.0952 |
(0.0928) | (0.0585) | (0.165) | (0.117) | (0.0900) | (0.0886) | (0.104) | |
Growth | 0.773*** | 0.0725*** | 0.640*** | 0.721*** | 0.784*** | 0.839*** | 0.886*** |
(0.0222) | (0.0140) | (0.0388) | (0.0292) | (0.0215) | (0.0214) | (0.0253) | |
Working capital | 0.372*** | −0.0626*** | 0.488*** | 0.418*** | 0.363*** | 0.316*** | 0.275*** |
(0.0197) | (0.0124) | (0.0344) | (0.0258) | (0.0191) | (0.0189) | (0.0224) | |
Expense | 0.0632 | −0.145*** | 0.331** | 0.169 | 0.0418 | −0.0681 | −0.162* |
(0.0823) | (0.0519) | (0.146) | (0.104) | (0.0798) | (0.0786) | (0.0922) | |
Age | 0.00293 | 0.00317 | −0.00291 | 0.000617 | 0.00340 | 0.00580 | 0.00784 |
(0.00570) | (0.00359) | (0.0102) | (0.00710) | (0.00552) | (0.00542) | (0.00633) | |
Debt sustainability | −0.264 | −0.630* | 0.897 | 0.196 | −0.357 | −0.833 | −1.239** |
(0.560) | (0.353) | (1.000) | (0.702) | (0.543) | (0.534) | (0.625) | |
Leverage | −0.0323 | −0.183 | 0.305 | 0.101 | −0.0594 | −0.198 | −0.316 |
(0.297) | (0.187) | (0.530) | (0.370) | (0.288) | (0.282) | (0.330) | |
Depth of SM presence | 0.295*** | 0.129** | 0.532*** | 0.389*** | 0.276*** | 0.178** | 0.0952 |
(0.0928) | (0.0585) | (0.165) | (0.117) | (0.0900) | (0.0886) | (0.104) | |
War relocation | −0.213*** | −0.00202 | −0.210** | −0.212*** | −0.214*** | −0.215*** | −0.217*** |
(0.0490) | (0.0309) | (0.0876) | (0.0610) | (0.0475) | (0.0466) | (0.0545) | |
Constant | −3.305*** | 2.316*** | −7.572*** | −4.996*** | −2.963*** | −1.211 | 0.283 |
(1.024) | (0.645) | (1.815) | (1.307) | (0.993) | (0.980) | (1.152) | |
Observations | 520 | 520 | 520 | 520 | 520 | 520 | 520 |