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Fig. 5 | Financial Innovation

Fig. 5

From: Does access to credit reduce SMEs’ tax avoidance? Evidence from a regression discontinuity design

Fig. 5

Discontinuity in financing constraint and cash dependence at the cutoff. Notes Panels refer to the average SA index and cash dependence (from left to right). Each dot represents the average value within a 15 equally spaced bin. The fitted curves are based on linear regressions (top graphs) and quadratic regressions (bottom graphs), separately, with a 95% confidence interval around the predicted value

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