Table 7.
Mediating effect.
| (1) | (2) | (3) | (4) | (5) | (6) | |
|---|---|---|---|---|---|---|
| IC | IC | IC | Occupy | Occupy | Occupy | |
| Networks_media | 0.004*** | −0.000** | ||||
| (6.22) | (−2.28) | |||||
| Networks_mean | 0.005*** | −0.001*** | ||||
| (7.67) | (−3.55) | |||||
| Networks_max | 0.005*** | −0.001*** | ||||
| (7.87) | (−4.37) | |||||
| IC | −0.024*** | −0.024*** | −0.024*** | |||
| (−11.69) | (−11.66) | (−11.64) | ||||
| Controls | Yes | Yes | Yes | Yes | Yes | Yes |
| Year Fixed | Yes | Yes | Yes | Yes | Yes | Yes |
| Industry Fixed | Yes | Yes | Yes | Yes | Yes | Yes |
| N | 30,402 | 30,402 | 30,402 | 30,402 | 30,402 | 30,402 |
| Adj. R-Square | 0.297 | 0.298 | 0.298 | 0.226 | 0.226 | 0.227 |
***, **, and * denote significance at the 1, 5, and 10% level, respectively.