| VARIABLES | 1 | 2 | 3 |
| FinCon | |||
| L. DIF | −1.178*** |
|
|
| (0.289) |
|
| |
| L. Breadth |
| −0.024*** |
|
|
| (0.007) |
| |
| L. Depth |
|
| −6.573*** |
|
|
| (1.781) | |
| Constant | −1.1032** | −1.7120*** | −1.4162*** |
| (−0.4455) | (−0.445) | (−0.4446) | |
| Industry FE | Yes | Yes | Yes |
| Year FE | Yes | Yes | Yes |
| Observations | 14125 | 14125 | 14125 |
| R-squared | 0.651 | 0.649 | 0.647 |
| Number of id | 2300 | 2300 | 2300 |