| Variables | (1) Fin* | (2) Fin* | (3) Fin* | (4) Fin* |
| Private10 | 1.082*** |
| 2.014*** |
|
|
| (2.91) |
| (1.02) |
|
| PrivateTS |
| 0.003*** (0.17) |
| 1.073*** (0.01) |
| Constant | 1.213*** | 0.018** | 0.018*** | 0.011 |
|
| (0.93) | (0.92) | (0.06) | (0.08) |
| Industry FE | NO | NO | YES | YES |
| Year FE | NO | NO | YES | YES |
| N | 18392 | 18392 | 18392 | 18392 |
| R2 | 0.123 | 0.613 | 0.082 | 0.632 |