Table 11 Cross-sectional tests based on market power and ETCs
From: Does access to credit reduce SMEs’ tax avoidance? Evidence from a regression discontinuity design
Higher market power | Lower market power | |||||
|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | |
\(BTD\) | \(SA\) | \(CASH\) | \(BTD\) | \(SA\) | \(CASH\) | |
Panel A: Cross-sectional tests based on market power | ||||||
Results based on 2SLS | ||||||
\(TRC\) | 0.089` | 0.374 | − 0.876 | − 0.335** | − 0.801** | − 0.420** |
(0.112) | (0.928) | (1.355) | (0.144) | (0.317) | (0.214) | |
Sample size | 1224 | 1054 | 865 | 1240 | 1860 | 2564 |
Results based on Sharp RDD | ||||||
\(SME\) | 0.010 | 0.040 | − 0.081 | − 0.070*** | − 0.180*** | − 0.070** |
(0.009) | (0.057) | (0.049) | (0.020) ` | (0.045) | (0.030) | |
Sample size | 1264 | 1249 | 776 | 1116 | 1331 | 2582 |
Higher ETCs | Lower ETCs | |||||
|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | |
\(BTD\) | \(SA\) | \(CASH\) | \(BTD\) | \(SA\) | \(CASH\) | |
Panel B: Cross-sectional tests based on ETCs | ||||||
Results based on 2SLS | ||||||
\(TRC\) | − 0.262* | − 0.668* | − 0.538** | − 0.165 | − 0.331 | − 0.433 |
(0.148) | (0.394) | (0.633) | (0.125) | (0.633) | (0.380) | |
Sample size | 1586 | 1976 | 2460 | 625 | 828 | 593 |
Results based on Sharp RDD | ||||||
\(SME\) | − 0.040*** | − 0.113** | − 0.083*** | − 0.027 | − 0.046 | − 0.070 |
(0.015) | (0.045) | (0.031) | (0.017) | (0.065) | (0.047) | |
Sample size | 1712 | 1912 | 2328 | 571 | 819 | 668 |