| Variables | (1) Fin | (2) Fin | (3) Fin | (4) Fin |
| Agency × Private10 | 0.167*** |
|
|
|
|
| (4.89) |
|
|
|
| Agency × PrivateTS |
| 1.608*** |
|
|
|
|
| (7.93) |
|
|
| SA×Private10 |
|
| 10.15*** |
|
|
|
|
| (13.11) |
|
| SA × PrivateTS |
|
|
| 43.81*** |
|
|
|
|
| (8.99) |
| Constant | 0.024*** | 0.024*** | 0.026*** | 0.027*** |
|
| (3.75) | (3.75) | (4.03) | (4.21) |
| Industry FE | YES | YES | YES | YES |
| Year FE | YES | YES | YES | YES |
| N | 18,385 | 18,385 | 18,386 | 18,386 |
| R2 | 0.127 | 0.127 | 0.127 | 0.128 |