Table 2.
Product innovation, closure, performance, and expectations.
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Close1 | Close17 | Close19 | CFshort | Sales | WeeksSur | NeverReco | Close1 | Close17 | Close19 | CFshort | Sales | WeeksSur | NeverReco | |
| Product | −0.401*** | −0.227*** | −0.337*** | −0.083*** | 2.135*** | 0.058*** | −0.188*** | −0.218*** | −0.157*** | −0.153 | −0.071** | 1.747** | 0.047* | −0.160* |
| (0.0677) | (0.0360) | (0.0995) | (0.0314) | (0.7326) | (0.0198) | (0.0725) | (0.0741) | (0.0395) | (0.1060) | (0.0332) | (0.7501) | (0.0252) | (0.0873) | |
| Medium | −0.150** | −0.011 | −0.146* | −0.076* | 1.730** | 0.015 | 0.031 | |||||||
| (0.0592) | (0.0354) | (0.0866) | (0.0449) | (0.7024) | (0.0254) | (0.1030) | ||||||||
| Large | −0.286*** | 0.107** | −0.514*** | −0.203*** | 4.234*** | 0.065** | 0.170 | |||||||
| (0.0839) | (0.0518) | (0.1602) | (0.0571) | (1.1366) | (0.0307) | (0.1250) | ||||||||
| Training | −0.141** | −0.114*** | −0.070 | −0.029 | −0.050 | 0.053** | −0.347*** | |||||||
| (0.0708) | (0.0397) | (0.0717) | (0.0326) | (0.6007) | (0.0215) | (0.1106) | ||||||||
| Productivity | −0.073*** | −0.026* | −0.076*** | −0.105*** | 2.346*** | 0.051*** | −0.106*** | |||||||
| (0.0173) | (0.0135) | (0.0183) | (0.0198) | (0.3099) | (0.0128) | (0.0336) | ||||||||
| Access Fin. | 0.070*** | 0.037*** | 0.027 | 0.034** | −0.659** | −0.022** | 0.120*** | |||||||
| (0.0257) | (0.0126) | (0.0295) | (0.0163) | (0.2817) | (0.0098) | (0.0282) | ||||||||
| Quality | 0.081 | 0.082* | −0.065 | −0.065 | 2.439*** | 0.005 | 0.003 | |||||||
| (0.0649) | (0.0457) | (0.1189) | (0.0431) | (0.9096) | (0.0233) | (0.0991) | ||||||||
| Age | −0.106** | −0.104*** | −0.083 | −0.025 | 1.047* | 0.034* | −0.017 | |||||||
| (0.0471) | (0.0296) | (0.0531) | (0.0268) | (0.5348) | (0.0195) | (0.0877) | ||||||||
| Experience | 0.027 | −0.023 | 0.101 | 0.007 | −1.128** | 0.008 | 0.012 | |||||||
| (0.0489) | (0.0277) | (0.0756) | (0.0288) | (0.5607) | (0.0196) | (0.0845) | ||||||||
| Website | −0.224*** | −0.157*** | −0.110 | 0.005 | −0.203 | 0.106*** | −0.000 | |||||||
| (0.0565) | (0.0396) | (0.0707) | (0.0437) | (1.0035) | (0.0310) | (0.0876) | ||||||||
| Foreign | 0.159* | 0.159*** | 0.344*** | −0.035 | 0.539 | 0.056* | 0.032 | |||||||
| (0.0820) | (0.0538) | (0.1319) | (0.0481) | (0.9181) | (0.0334) | (0.1456) | ||||||||
| Exporter | −0.065 | −0.056 | −0.079 | −0.048 | −0.932 | 0.111*** | −0.150 | |||||||
| (0.0640) | (0.0393) | (0.1248) | (0.0469) | (0.9933) | (0.0278) | (0.1236) | ||||||||
| Female Mang. | 0.003 | −0.013 | 0.207*** | −0.025 | −0.274 | −0.132*** | −0.016 | |||||||
| (0.0620) | (0.0373) | (0.0736) | (0.0379) | (0.8649) | (0.0276) | (0.1192) | ||||||||
| Capital City | 0.077 | 0.039 | 0.185* | 0.216*** | −1.841 | −0.016 | 0.227** | |||||||
| (0.1211) | (0.0791) | (0.1113) | (0.0564) | (1.3602) | (0.0474) | (0.1137) | ||||||||
| Stringency Index | 0.028*** | 0.018*** | 0.014** | 0.002 | −0.067 | 0.009* | 0.011 | |||||||
| (0.0046) | (0.0031) | (0.0067) | (0.0045) | (0.0481) | (0.0049) | (0.0113) | ||||||||
| Industry F.E. | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Region F.E. | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| _cons | −0.647*** | −1.662*** | −1.189*** | 1.209*** | −32.289*** | 1.846*** | −2.856*** | −2.081*** | −2.538*** | −2.143*** | 2.430*** | −56.343*** | 0.277 | −2.694** |
| (0.1260) | (0.0619) | (0.2015) | (0.0734) | (1.3444) | (0.0407) | (0.2933) | (0.3178) | (0.3717) | (0.5072) | (0.3644) | (5.3833) | (0.3524) | (1.1675) | |
| Observations | 13,584 | 15,176 | 10,696 | 11,047 | 10,616 | 9,014 | 6,460 | 10,576 | 12,018 | 7,722 | 8,622 | 8,504 | 7,615 | 4,957 |
| R2/Pseudo R2 | 0.0829 | 0.0783 | 0.1113 | 0.0999 | 0.2021 | 0.1111 | 0.0569 | 0.1012 | 0.0961 | 0.1139 | 0.0972 | 0.2045 | 0.1289 | 0.0904 |
Significant at 1%;
significant at 5%;
significant at 10%.
Clustered standard errors in parentheses, errors are clustered at the regions level.