Variables (1)Loan (2)TC (3)KZ (4)Loan (5)Loan (6)Loan
After -0.0085* 0.0215*** 1.0632*** -0.0123* -0.0147** -0.0086*
(-1.72) (9.64) (12.52) (-1.91) (-2.36) (-1.75)
After× SOE 0.0075
(0.86)
After× POL 0.0139**
(2.23)
After×lnTFP -0.0368**
(-2.27)
Control variable Yes Yes Yes Yes Yes Yes
Firm FE Yes Yes Yes Yes Yes Yes
Year FE No No No Yes Yes Yes
Adjust R2 0.4152 0.4094 0.6801 0.4152 0.4184 0.4158
Observations 5098 4977 5015 5098 4550 5098