n?u=RePEc:bdi:wptemi:td_1011_15&r=eff

Table 8: Self-selection: premia before starting to invest abroaddependent var TurnoverValueEmploymentVATFPCapitalAvg wageAdded per worker per workerstart (t*-1) 2.385*** 2.186*** 1.751*** 1.186*** 1.143*** 1.191*** 1.021*(0.122) (0.107) (0.0797) (0.0269) (0.0246) (0.0390) (0.0122)N 78214 76767 76460 74276 70973 75813 75212R 2 0.207 0.206 0.154 0.148 0.477 0.176 0.268start (t*-3) 2.161*** 2.012*** 1.632*** 1.176*** 1.135*** 1.176*** 1.015(0.114) (0.104) (0.0736) (0.0238) (0.0222) (0.0399) (0.0116)N 66516 65667 65599 64139 61541 65098 64740R 2 0.208 0.205 0.156 0.157 0.497 0.181 0.274start (t*-5) 2.004*** 1.881*** 1.565*** 1.184*** 1.133*** 1.194*** 1.019*(0.110) (0.104) (0.0753) (0.0242) (0.0218) (0.0439) (0.0115)N 55803 55262 55370 54271 52280 54949 54704R 2 0.209 0.206 0.159 0.162 0.509 0.187 0.284Dependent variables are in logs. Standard errors clustered at the firm level in parentheses. *: p