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. 2023 Jun 25. Online ahead of print. doi: 10.1016/j.eap.2023.06.036

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 0.822
(0.293)
0.467
(0.210)
0.165
(0.475)
0.782
(0.147)
0.625
(0.160)
0.759
(0.256)
0.381
(0.178)
Small 0.550
(0.404)
0.021
(0.345)
0.255
(0.341)
0.427
(0.107)
0102
(0.089)
0.263
(0.589)
0.309
(0.196)
Medium 0.118
(0.710)
0.267
(0.276)
0.867
(0.452)
2.636
(0.983)
0.411
(0.065)
0.383
(0.543)
0.061
(0.238)
Firm age 0.228
(0.085)
0.070
(0.072)
0.237
(0.031)
0.270
(0.040)
0.024
(0.026)
0.196
(0.074)
0.030
(0.072)
Export 0.449
(0.107)
0.074
(0.126)
0.196
(0.054)
0.208
(0.109)
0.191
(0.067)
0.220
(0.075)
0.052
(0.111)
Joint-stock 0.449
(0.091)
0.112
(0.079)
0.134
(0.128)
0.555
(0.100)
0.026
(0.053)
0.170
(0.076)
0.061
(0.027)
Unlimited liability 0.453
(0.161)
0.508
(0.247)
0.182
(0.233)
0.073
(0.067)
0.555
(0.143)
1.296
(0.368)
0.240
(0.160)
Limited partnership 0.628
(0.400)
0.382
(0.073)
0.418
(0.400)
0.132
(0.083)
0.379
(0.230)
0.640
(0.714)
0.134
(0.225)
Cooperative 1.370
(0.870)
1.111
(1.072)
0.350
(0.210)
Manufacturing 0.156
(0.099)
0.089
(0.070)
0.029
(0.075)
0.093
(0.080)
0.210
(0.035)
0.079
(0.080)
0.210
(0.047)
Construction 0.457
(0.030)
0.210
(0.013)
0.192
(0.061)
0.470
(0.036)
0.197
(0.043)
0.066
(0.035)
0.092
(0.023)
Commerce 0.200
(0.051)
0.168
(0.048)
0.093
(0.057)
0.038
(0.032)
0.092
(0.044)
0.182
(0.031)
0.394
(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