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Table 4 Continuity of characteristics at the cutoff

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

  \(CFO\) \(LEVERAGE\) \(INVESTMENT\) \(FIXED\)
(1) (2) (3) (4) (5) (6) (7) (8)
\(SME\)  − 0.006  − 0.007  − 0.030  − 0.029  − 0.000  − 0.003  − 0.019  − 0.022
  (0.015) (0.020) (0.019) (0.021) (0.006) (0.010) (0.015) (0.019)
Polynomial Linear Quadratic Linear Quadratic Linear Quadratic Linear Quadratic
Sample size 3575 3149 2535 4414 3078 4171 2673 4246
  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 discontinuity estimates are based on local linear/quadratic regressions. Standard errors are in the parentheses