VARIABLES | (1) | (2) | (3) | (4) | (5) | (6) | (7) |
location | scale | 10% | 25% | 50% | 75% | 90% | |
Depth of SM presence | 0.241* | 0.0715 | 0.118 | 0.184 | 0.244* | 0.299** | 0.359* |
(0.124) | (0.0817) | (0.175) | (0.132) | (0.124) | (0.148) | (0.195) | |
Growth | 0.721*** | 0.0753*** | 0.591*** | 0.661*** | 0.723*** | 0.781*** | 0.845*** |
(0.0274) | (0.0180) | (0.0401) | (0.0295) | (0.0273) | (0.0326) | (0.0441) | |
Working capital | 0.354*** | −0.102*** | 0.529*** | 0.435*** | 0.350*** | 0.271*** | 0.185*** |
(0.0274) | (0.0180) | (0.0415) | (0.0298) | (0.0270) | (0.0325) | (0.0451) | |
Expense | 0.0560 | −0.217*** | 0.429*** | 0.228* | 0.0477 | −0.119 | −0.301* |
(0.111) | (0.0733) | (0.160) | (0.119) | (0.111) | (0.133) | (0.177) | |
Age | 0.00263 | 0.00169 | −0.000271 | 0.00129 | 0.00270 | 0.00400 | 0.00541 |
(0.00756) | (0.00498) | (0.0107) | (0.00805) | (0.00758) | (0.00902) | (0.0119) | |
Debt sustainability | 1.179 | −0.265 | 1.636 | 1.391* | 1.169 | 0.965 | 0.742 |
(0.722) | (0.476) | (1.019) | (0.770) | (0.725) | (0.862) | (1.135) | |
Leverage | 0.343 | −0.280 | 0.826 | 0.567 | 0.333 | 0.117 | −0.119 |
(0.383) | (0.253) | (0.542) | (0.409) | (0.384) | (0.458) | (0.603) | |
War relocation | −0.171*** | −0.0506 | −0.0835 | −0.130* | −0.173*** | −0.211*** | −0.254** |
(0.0640) | (0.0422) | (0.0905) | (0.0683) | (0.0642) | (0.0764) | (0.101) | |
Constant | −3.322** | 3.320*** | −9.038*** | −5.964*** | −3.195** | −0.638 | 2.150 |
(1.399) | (0.922) | (2.032) | (1.504) | (1.396) | (1.668) | (2.240) | |
Observations | 480 | 480 | 480 | 480 | 480 | 480 | 480 |