|
| (1) | (2) |
|
| TFP_LP | TFP_GMM |
| SPI | 0.015*** | 0.018*** |
|
| (0.004) | (0.004) |
| SG&A | −0.995*** | −0.938*** |
|
| (0.187) | (0.192) |
| Cashflow | 0.691*** | 0.636*** |
|
| (0.066) | (0.075) |
| Fixed | −0.860*** | −2.125*** |
|
| (0.080) | (0.091) |
| Lev | 0.369*** | 0.306*** |
|
| (0.064) | (0.066) |
| Size | 0.512*** | 0.118*** |
|
| (0.018) | (0.019) |
| Age | 0.282*** | 0.202** |
|
| (0.087) | (0.094) |
| ROA | 0.553*** | 0.590*** |
|
| (0.103) | (0.115) |
| _cons | 0.097 | 6.161*** |
|
| (0.461) | (0.476) |
| FIRM FE | YES | YES |
| YEAR FE | YES | YES |
| N | 20964 | 20964 |
| R2 | 0.510 | 0.510 |