Table 2.
Controlling for firm and industry characteristics, and district fixed effects.
No cash problem (1) | Credit restructuring (2) |
Debt postponing (3) | Informal credit (4) |
New banking credit (5) | Capital injection (6) | Cost reductions (7) |
|
---|---|---|---|---|---|---|---|
Micro |
(0.293) |
(0.210) |
(0.475) |
(0.147) |
(0.160) |
(0.256) |
(0.178) |
Small |
(0.404) |
(0.345) |
(0.341) |
(0.107) |
(0.089) |
(0.589) |
(0.196) |
Medium |
(0.710) |
(0.276) |
(0.452) |
(0.983) |
(0.065) |
(0.543) |
(0.238) |
Firm age |
(0.085) |
(0.072) |
(0.031) |
(0.040) |
(0.026) |
(0.074) |
(0.072) |
Export |
(0.107) |
(0.126) |
(0.054) |
(0.109) |
(0.067) |
(0.075) |
(0.111) |
Joint-stock |
(0.091) |
(0.079) |
(0.128) |
(0.100) |
(0.053) |
(0.076) |
(0.027) |
Unlimited liability |
(0.161) |
(0.247) |
(0.233) |
(0.067) |
(0.143) |
(0.368) |
(0.160) |
Limited partnership |
(0.400) |
(0.073) |
(0.400) |
(0.083) |
(0.230) |
(0.714) |
(0.225) |
Cooperative |
(0.870) |
– | – | – |
(1.072) |
– |
(0.210) |
Manufacturing |
(0.099) |
(0.070) |
(0.075) |
(0.080) |
(0.035) |
(0.080) |
(0.047) |
Construction |
(0.030) |
(0.013) |
(0.061) |
(0.036) |
(0.043) |
(0.035) |
(0.023) |
Commerce |
(0.051) |
(0.048) |
(0.057) |
(0.032) |
(0.044) |
(0.031) |
(0.018) |
District fixed effect | YES | YES | YES | YES | YES | YES | YES |
No of obs. | 2970 | 2975 | 2971 | 2975 | 2982 | 2883 | 2892 |
Pseudo R2 | 0.076 | 0.021 | 0.031 | 0.068 | 0.024 | 0.050 | 0.019 |