Variables

(1)

F_trade

(2)

F_trade

(3)

F_sale

(4)

F_sale

Private10

0.006***

−1.39

(4.46)

(−0.18)

PrivateTS

0.007***

−0.881

(3.61)

(−0.07)

Constant

0.018

0.136***

0.122*

0.653**

(1.09)

(2.29)

(0.96)

(0.87)

Industry FE

YES

YES

YES

YES

Year FE

YES

YES

YES

YES

N

18,392

18,392

18,392

18,392

R2

0.056

0.055

0.063

0.063