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Table 11 Panel probit regression results for domestic industry exits between 2006 and 2019 and their weighted closeness and strategic closeness measures as independent variable

From: The role of relatedness and strategic linkages between domestic and MNE sectors in regional branching and resilience

Baseline period 2006–2009 2010-2014
  (1) (2) (3) (4) (5) (1) (2) (3) (4) (5)
MNE industry – 0.607**
(0.271) 		– 0.545**
(0.283) 		– 0.597**
(0.272) 		– 0.621**
(0.280) 		– 0.632**
(0.298) 		– 0.140
(0.255) 		– 0.138
(0.256) 		– 0.144
(0.258) 		– 0.029
(0.267) 		– 0.061
(0.269)
\(WC_{excl D}\)   – 0.381***
(0.145) 		   – 0.457***
(0.151) 		  – 0.074
(0.086) 		   – 0.122
(0.095)
\(WC_{excl M}\)    0.026
(0.224) 		  0.176
(0.245) 		   0.325**
(0.179) 		  0.393*
(0.202)
\(WC_{overlap}\)     – 0.242**
(0.151) 		– 0.418**
(0.196) 		    – 0.355**
(0.138) 		– 0.365**
(0.147)
\(SC_{excl D}\)   297.217*
(204.274) 		   346.128
(399.523) 		  34.66
(330.05) 		   – 41.043
(349.99)
\(SC_{excl M}\)    175.719
(422.228) 		  166.258
(466.682) 		   335.05*
(292.56) 		  306.4*
(210.41)
\(SC_{overlap}\)     268.346
(354.404) 		524.423
(389.187) 		    – 363.83*
(304.86) 		– 382.07*
(306.62)
Region FE Y Y Y Y Y Y Y Y Y Y
Industry FE Y Y Y Y Y Y Y Y Y Y
Constant – 1.193*
(0.622) 		1.159
(0.986) 		– 1.203*
(0.623) 		– 1.034
(0.641) 		1.898
(1.076) 		– 21.305
(3.32e+06) 		– 20.389
(3.32e+06) 		– 14.757
(3.32e+06) 		– 9.565
(3.32e+06) 		– 15.762
(3.32e+06)
N 1166 1166 1166 1166 1166 1194 1194 1194 1194 1194
AUC 0.9466 0.9511 0.9466 0.9451 0.9515 0.9478 0.9477 0.9506 0.9548 – 0.9562
Baseline period 2015–2019
(1) (2) (3) (4) (5)
MNE industry 0.025
(0.334) 		0.020
(0.339) 		0.079
(0.336) 		0.0672
(0.338) 		0.095
(0.344)
WCexclD    − 0.129
(0.096) 		    − 0.077
(0.104)
WCexclM     − 0.346
(0.390) 		   − 0.296
(0.199)
WCoverlap     0.031
(0.096) 		0.013
(0.104)
SCexclD    − 122.09
(334.72) 		    − 351.48
(351.96)
SCexclM    419.51
(288.66) 		  446.99
(527.32)
SCoverlap      − 579.99**
(319.5) 		 − 534.61**
(324.44)
Region FE Y Y Y Y Y
Industry FE Y Y Y Y Y
Constant  − 15.163
(3.32e + 06) 		 − 12.546
(3.32e + 06) 		 − 16.339
(3.32e + 06) 		 − 14.621
(3.32e + 06) 		 − 16.49
(3.32e + 06)
N 1181 1181 1181 1181 1181
AUC 0.9649 0.9660 0.9659 0.9657 0.9668
  1. Robust standard error in parenthesis; *\(p<0.1\); **\(p<0.05\); ***\(p<0.01\)
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