Table 10 Location effect
From: Does supplier concentration matter to investors during the COVID-19 crisis: evidence from China?
Variables | \({R}^{{{\prime}}{{\prime}}}\)[− 1, 1] Hardest hit provinces and close neighbors | \({R}^{{{\prime}}{{\prime}}}\)[− 2, 2] Hardest hit provinces and close neighbors | \({R}^{{{\prime}}{{\prime}}}\)[− 1, 1] Other provinces | \({R}^{{{\prime}}{{\prime}}}\)[− 2, 2] Other provinces |
|---|---|---|---|---|
SC_adjusted | − 6.875** (− 2.12) | − 7.538** (− 2.24) | − 2.431 (− 1.34) | − 3.894 (− 1.42) |
LnAsset | 1.263*** (2.41) | 1.382*** (2.89) | 0.826 (1.54) | 1.098 (0.34) |
BM | − 3.625*** (− 3.43) | − 4.353*** (− 2.90) | − 5.498** (− 2.04) | − 6.764*** (− 2.78) |
Leverage | − 3.037 (− 1.45) | − 4.984** (2.23) | − 1.101 (1.56) | − 3.010 (− 0.30) |
Constant | 2.608 (0.91) | 1.045 (− 1.29) | 1.513** (− 2.17) | 2.728*** (− 4.93) |
Observations | 1028 | 1028 | 937 | 937 |
R-squared | 0.169 | 0.153 | 0.208 | 0.187 |