Lnda × Fcf

−28.6607***

−29.3838

−0.3714***

−0.3418

(7.2384)

(35.3233)

(0.1207)

(0.3060)

_Cons

46.7487***

100.8723

0.1234

0.9896

(6.2128)

(101.3441)

(0.1129)

(0.8557)

CV + GV

Yes

Yes

Yes

Yes

Ind + Year

Yes

Yes

Yes

Yes