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Table 3 The effect of TRRRCs on access to finance

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

  75% CCTF CCTF 150% CCTF
(1) (2) (3) (4) (5) (6)
\(SME\) 0.154** 0.143** 0.159*** 0.204*** 0.176*** 0.186***
  (0.063) (0.072) (0.057) (0.058) (0.043) (0.049)
Polynomial Linear Quadratic Linear Quadratic Linear Quadratic
Covariates No Yes Yes No No Yes
Sample size 1532 2921 1844 4843 3718 6,686
  1. \(SME\) is an indicator variable that is equal to one if the firm's operation revenue was below the threshold of operation revenue. The outcome variable is \(TRC\), which is equal to one if a firm obtains a better access to finance. The discontinuity estimates are based on local linear/quadratic regressions. Standard errors are in the parentheses. *, **, and *** represent statistical significance level at the 1%, 5% and 10% levels, respectively