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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; *\(p<0.1\); **\(p<0.05\); ***\(p<0.01\)