
. 
. *************
. * Table 2 - Summary stats
. **************
. u ictorg, clear

.  xi:areg zorg  w_erp_oth  $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa1==1 $condition, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  79,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3456
                                                  Adj R-squared   =     0.1929
                                                  Root MSE        =     0.8779

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |    .149779   .0850056     1.76   0.078    -.0170417    .3165997
        _Inobs_2 |  -.2521601   .2763015    -0.91   0.362    -.7943927    .2900725
        _Inobs_3 |   -.178185    .260884    -0.68   0.495    -.6901613    .3337912
        _Inobs_4 |  -.1480362   .2821024    -0.52   0.600    -.7016528    .4055804
        _Inobs_5 |    .014412    .265921     0.05   0.957    -.5074492    .5362732
        _Inobs_6 |  -.0298283   .2494089    -0.12   0.905     -.519285    .4596283
        _Inobs_7 |   .2885505   .3581584     0.81   0.421    -.4143234    .9914245
            ln_N |   .0694623   .0417654     1.66   0.097    -.0125009    .1514255
       ln_N_miss |   6.587239   4.386524     1.50   0.134    -2.021169    15.19565
           share |    .133287   .0468758     2.84   0.005     .0412949    .2252792
       sharemiss |   13.33967   4.602659     2.90   0.004     4.307103    22.37223
           MNE_f |   .1509795   .0815752     1.85   0.065     -.009109     .311068
           MNE_d |   .1464069   .0860752     1.70   0.089    -.0225129    .3153267
          onsite |  -.0604526   .0696274    -0.87   0.385    -.1970941    .0761889
         onsitem |  -6.005873   6.945261    -0.86   0.387    -19.63572    7.623972
             aa1 |  -1.127062   .5952387    -1.89   0.059    -2.295198    .0410746
             aa2 |  -1.276807   .3074696    -4.15   0.000    -1.880206   -.6734083
             aa3 |  -1.550477    .360924    -4.30   0.000    -2.258778   -.8421754
             aa4 |  -2.204043   .4622633    -4.77   0.000    -3.111219   -1.296866
             aa5 |  -1.316384   .3153273    -4.17   0.000    -1.935203   -.6975645
             aa6 |  -.8427546   .3551023    -2.37   0.018    -1.539631   -.1458782
             aa7 |  -1.583925   .5598857    -2.83   0.005    -2.682682   -.4851676
             aa8 |  -1.539295   .2441816    -6.30   0.000    -2.018493   -1.060097
             aa9 |  -.1475508   .3818551    -0.39   0.699    -.8969289    .6018273
            aa10 |  -1.239033   .2730539    -4.54   0.000    -1.774892    -.703174
            aa11 |          0  (omitted)
            aa12 |  -1.724652    .402772    -4.28   0.000    -2.515079   -.9342253
            aa13 |   -.919497   .2868212    -3.21   0.001    -1.482374   -.3566199
            aa14 |  -.5723156   .2851476    -2.01   0.045    -1.131908   -.0127229
            aa15 |  -1.664299   .3655379    -4.55   0.000    -2.381655   -.9469433
            aa16 |  -1.426513   .2844438    -5.02   0.000    -1.984725   -.8683019
            aa17 |  -1.195572    .628306    -1.90   0.057    -2.428602    .0374574
            aa18 |          0  (omitted)
            aa19 |  -.8096771   .2653621    -3.05   0.002    -1.330441   -.2889128
            aa20 |  -1.328911    .335502    -3.96   0.000    -1.987322   -.6704993
            aa21 |  -.4666093   .6009007    -0.78   0.438    -1.645857    .7126385
            aa22 |  -3.142799   .3486151    -9.02   0.000    -3.826944   -2.458653
            aa23 |   -1.29442   .3830268    -3.38   0.001    -2.046098   -.5427427
            aa24 |  -.7116841   .4811207    -1.48   0.139    -1.655867    .2324994
            aa25 |  -1.903725   .4652963    -4.09   0.000    -2.816854   -.9905968
            aa26 |  -1.007641   .2507754    -4.02   0.000    -1.499779   -.5155026
            aa27 |  -.9922968   .2808559    -3.53   0.000    -1.543467   -.4411264
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |  -.0412392   .3570909    -0.12   0.908    -.7420183    .6595399
            aa31 |  -1.053294     .31317    -3.36   0.001    -1.667879    -.438708
            aa32 |  -1.922013   .3745894    -5.13   0.000    -2.657133   -1.186894
            aa33 |          0  (omitted)
            aa34 |  -.6981957   .3055119    -2.29   0.023    -1.297753   -.0986386
            aa35 |   -.926943   .2359343    -3.93   0.000    -1.389956   -.4639297
            aa36 |  -.7994059   .6192275    -1.29   0.197    -2.014619    .4158076
            aa37 |          0  (omitted)
            aa38 |  -1.131532   .4437818    -2.55   0.011    -2.002439   -.2606251
            aa39 |  -.6222465   .2944176    -2.11   0.035    -1.200031   -.0444616
            aa40 |  -1.109213   .5527577    -2.01   0.045    -2.193982   -.0244445
            aa41 |  -.8892388   .3987736    -2.23   0.026    -1.671819   -.1066588
            aa42 |          0  (omitted)
            aa43 |  -1.468441    .327367    -4.49   0.000    -2.110888   -.8259941
            aa44 |  -.8764097   .3518243    -2.49   0.013    -1.566853   -.1859662
            aa45 |  -.3984629   .4439213    -0.90   0.370    -1.269644     .472718
            aa46 |  -.7824908   .4150843    -1.89   0.060     -1.59708    .0320985
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0573473   .0254264     2.26   0.024     .0074489    .1072456
 reliabilitymiss |   6.320975   2.788939     2.27   0.024     .8477748    11.79418
             dd1 |  -.0827188   .2280624    -0.36   0.717    -.5302836     .364846
             dd2 |  -.0321669   .1581508    -0.20   0.839    -.3425327    .2781989
             dd3 |   .2206457   .1404538     1.57   0.117    -.0549902    .4962816
             dd4 |   .0909059   .1387085     0.66   0.512    -.1813048    .3631167
             dd5 |  -.0700017   .1363035    -0.51   0.608    -.3374928    .1974893
             dd6 |  -.0235375    .142793    -0.16   0.869     -.303764     .256689
             dd7 |   .0785616   .1791795     0.44   0.661    -.2730723    .4301954
             dd8 |          0  (omitted)
    i_comptenure |  -.0057337   .0032112    -1.79   0.074    -.0120356    .0005681
i_comptenuremiss |  -.7049573   .4423316    -1.59   0.111    -1.573019    .1631039
     i_seniority |   .0275794   .0441846     0.62   0.533    -.0591313    .1142901
 i_senioritymiss |    2.72739   4.520576     0.60   0.546     -6.14409    11.59887
        duration |  -.0014201   .0030462    -0.47   0.641    -.0073981    .0045579
    durationmiss |   .2544595   .5413435     0.47   0.638    -.8079092    1.316828
          zcount |   .0229941   .1927795     0.12   0.905    -.3553293    .4013176
         zcount4 |   .4733358   .3746034     1.26   0.207     -.261811    1.208483
         zcount5 |   .3173568   .2254567     1.41   0.160    -.1250944    .7598081
         zcount6 |   .2264008   .3843578     0.59   0.556    -.5278886    .9806903
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.3008112   .3032765    -0.99   0.322    -.8959813    .2943589
           cc_ge |  -.5958611   .2246867    -2.65   0.008    -1.036801   -.1549209
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .2945308   .3683881     0.80   0.424    -.4284187     1.01748
           cc_jp |          0  (omitted)
           cc_po |  -.8501322   .5817884    -1.46   0.144    -1.991873    .2916083
           cc_pt |  -.4493074   .4772334    -0.94   0.347    -1.385862    .4872473
           cc_sw |   .1156431   .3132194     0.37   0.712    -.4990397    .7303258
           cc_uk |   .0051603   .1407816     0.04   0.971     -.271119    .2814396
           _cons |     .57144   .9491793     0.60   0.547    -1.291293    2.434173
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)

. keep if e(sample)==1
(301 observations deleted)

. so company_id

. drop if company_id==company_id[_n-1]
(50 observations deleted)

. replace pcemp=. if pcemp>2
(13 real changes made, 13 to missing)

. ge w_net2=w_wan 
(278 missing values generated)

. replace w_net2=w_lan if w_net2==.
(258 real changes made)

. replace bonus2=. if bonus2m==1
(86 real changes made, 86 to missing)

. tabstat  emp_f emp_p zorg pace lspa multi pcemp  w_erp_oth w_sap_erp  w_workstation w_net w_net2 MNE_f MNE_d degree_t bonus2 bonus5 
>  ll_64kbit ln_dist, s(mean median sd N)

   stats |  emp_firm  emp_pl~t      zorg      pace      lspa     multi     pcemp  w_erp_~h  w_sap_~p  w_work~n     w_net    w_net2
---------+------------------------------------------------------------------------------------------------------------------------
    mean |  965.0571   248.828  .2453652  .0736393  1.894149  .7610526  .4955391  .3401924  .1091077  .0317186  .3584383  .4754192
     p50 |       350       150  .2032892         0   1.94591         1  .4166667        .2         0         0        .2        .4
      sd |  3259.843  277.1645  .9811906  .2613224  .5207066  .4266651   .357943  .3904358  .2728079  .1577848  .3964341  .4558685
       N |       945       913       950       937       876       950       937       950       950       867       950       930
----------------------------------------------------------------------------------------------------------------------------------

   stats |     MNE_f     MNE_d  degree_t    bonus2    bonus5  ll_64k~t   ln_dist
---------+----------------------------------------------------------------------
    mean |  .3494737  .2863158  15.98512  .1100694  .2124673  4985.139  6.861756
     p50 |         0         0     10.25       .08       .15      5260  6.710523
      sd |  .4770549  .4522769  17.16602  .1505317  .1886509  1437.936  1.150141
       N |       950       950       871       864       612       950       950
--------------------------------------------------------------------------------

. 
. u ictorg, clear

. keep if sa3==1
(652 observations deleted)

. so company_id

. drop if company_id==company_id[_n-1]
(35 observations deleted)

. replace pcemp=. if pcemp>2
(6 real changes made, 6 to missing)

. tabstat  w_workstation, s(mean median sd N)

    variable |      mean       p50        sd         N
-------------+----------------------------------------
w_workstat~n |  .0298046         0  .1543527       614
------------------------------------------------------

. 
. 
. *************
. * Table 3. Zorg
. **************
. 
. u ictorg, clear

. global condition ""

. 
. cap estimates drop *

. * Firm level regressions
. eststo:xi:areg zorg  w_erp_oth  $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa1==1 $condition, cluster(company_id) abs(
> sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  79,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3456
                                                  Adj R-squared   =     0.1929
                                                  Root MSE        =     0.8779

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |    .149779   .0850056     1.76   0.078    -.0170417    .3165997
        _Inobs_2 |  -.2521601   .2763015    -0.91   0.362    -.7943927    .2900725
        _Inobs_3 |   -.178185    .260884    -0.68   0.495    -.6901613    .3337912
        _Inobs_4 |  -.1480362   .2821024    -0.52   0.600    -.7016528    .4055804
        _Inobs_5 |    .014412    .265921     0.05   0.957    -.5074492    .5362732
        _Inobs_6 |  -.0298283   .2494089    -0.12   0.905     -.519285    .4596283
        _Inobs_7 |   .2885505   .3581584     0.81   0.421    -.4143234    .9914245
            ln_N |   .0694623   .0417654     1.66   0.097    -.0125009    .1514255
       ln_N_miss |   6.587239   4.386524     1.50   0.134    -2.021169    15.19565
           share |    .133287   .0468758     2.84   0.005     .0412949    .2252792
       sharemiss |   13.33967   4.602659     2.90   0.004     4.307103    22.37223
           MNE_f |   .1509795   .0815752     1.85   0.065     -.009109     .311068
           MNE_d |   .1464069   .0860752     1.70   0.089    -.0225129    .3153267
          onsite |  -.0604526   .0696274    -0.87   0.385    -.1970941    .0761889
         onsitem |  -6.005873   6.945261    -0.86   0.387    -19.63572    7.623972
             aa1 |  -1.127062   .5952387    -1.89   0.059    -2.295198    .0410746
             aa2 |  -1.276807   .3074696    -4.15   0.000    -1.880206   -.6734083
             aa3 |  -1.550477    .360924    -4.30   0.000    -2.258778   -.8421754
             aa4 |  -2.204043   .4622633    -4.77   0.000    -3.111219   -1.296866
             aa5 |  -1.316384   .3153273    -4.17   0.000    -1.935203   -.6975645
             aa6 |  -.8427546   .3551023    -2.37   0.018    -1.539631   -.1458782
             aa7 |  -1.583925   .5598857    -2.83   0.005    -2.682682   -.4851676
             aa8 |  -1.539295   .2441816    -6.30   0.000    -2.018493   -1.060097
             aa9 |  -.1475508   .3818551    -0.39   0.699    -.8969289    .6018273
            aa10 |  -1.239033   .2730539    -4.54   0.000    -1.774892    -.703174
            aa11 |          0  (omitted)
            aa12 |  -1.724652    .402772    -4.28   0.000    -2.515079   -.9342253
            aa13 |   -.919497   .2868212    -3.21   0.001    -1.482374   -.3566199
            aa14 |  -.5723156   .2851476    -2.01   0.045    -1.131908   -.0127229
            aa15 |  -1.664299   .3655379    -4.55   0.000    -2.381655   -.9469433
            aa16 |  -1.426513   .2844438    -5.02   0.000    -1.984725   -.8683019
            aa17 |  -1.195572    .628306    -1.90   0.057    -2.428602    .0374574
            aa18 |          0  (omitted)
            aa19 |  -.8096771   .2653621    -3.05   0.002    -1.330441   -.2889128
            aa20 |  -1.328911    .335502    -3.96   0.000    -1.987322   -.6704993
            aa21 |  -.4666093   .6009007    -0.78   0.438    -1.645857    .7126385
            aa22 |  -3.142799   .3486151    -9.02   0.000    -3.826944   -2.458653
            aa23 |   -1.29442   .3830268    -3.38   0.001    -2.046098   -.5427427
            aa24 |  -.7116841   .4811207    -1.48   0.139    -1.655867    .2324994
            aa25 |  -1.903725   .4652963    -4.09   0.000    -2.816854   -.9905968
            aa26 |  -1.007641   .2507754    -4.02   0.000    -1.499779   -.5155026
            aa27 |  -.9922968   .2808559    -3.53   0.000    -1.543467   -.4411264
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |  -.0412392   .3570909    -0.12   0.908    -.7420183    .6595399
            aa31 |  -1.053294     .31317    -3.36   0.001    -1.667879    -.438708
            aa32 |  -1.922013   .3745894    -5.13   0.000    -2.657133   -1.186894
            aa33 |          0  (omitted)
            aa34 |  -.6981957   .3055119    -2.29   0.023    -1.297753   -.0986386
            aa35 |   -.926943   .2359343    -3.93   0.000    -1.389956   -.4639297
            aa36 |  -.7994059   .6192275    -1.29   0.197    -2.014619    .4158076
            aa37 |          0  (omitted)
            aa38 |  -1.131532   .4437818    -2.55   0.011    -2.002439   -.2606251
            aa39 |  -.6222465   .2944176    -2.11   0.035    -1.200031   -.0444616
            aa40 |  -1.109213   .5527577    -2.01   0.045    -2.193982   -.0244445
            aa41 |  -.8892388   .3987736    -2.23   0.026    -1.671819   -.1066588
            aa42 |          0  (omitted)
            aa43 |  -1.468441    .327367    -4.49   0.000    -2.110888   -.8259941
            aa44 |  -.8764097   .3518243    -2.49   0.013    -1.566853   -.1859662
            aa45 |  -.3984629   .4439213    -0.90   0.370    -1.269644     .472718
            aa46 |  -.7824908   .4150843    -1.89   0.060     -1.59708    .0320985
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0573473   .0254264     2.26   0.024     .0074489    .1072456
 reliabilitymiss |   6.320975   2.788939     2.27   0.024     .8477748    11.79418
             dd1 |  -.0827188   .2280624    -0.36   0.717    -.5302836     .364846
             dd2 |  -.0321669   .1581508    -0.20   0.839    -.3425327    .2781989
             dd3 |   .2206457   .1404538     1.57   0.117    -.0549902    .4962816
             dd4 |   .0909059   .1387085     0.66   0.512    -.1813048    .3631167
             dd5 |  -.0700017   .1363035    -0.51   0.608    -.3374928    .1974893
             dd6 |  -.0235375    .142793    -0.16   0.869     -.303764     .256689
             dd7 |   .0785616   .1791795     0.44   0.661    -.2730723    .4301954
             dd8 |          0  (omitted)
    i_comptenure |  -.0057337   .0032112    -1.79   0.074    -.0120356    .0005681
i_comptenuremiss |  -.7049573   .4423316    -1.59   0.111    -1.573019    .1631039
     i_seniority |   .0275794   .0441846     0.62   0.533    -.0591313    .1142901
 i_senioritymiss |    2.72739   4.520576     0.60   0.546     -6.14409    11.59887
        duration |  -.0014201   .0030462    -0.47   0.641    -.0073981    .0045579
    durationmiss |   .2544595   .5413435     0.47   0.638    -.8079092    1.316828
          zcount |   .0229941   .1927795     0.12   0.905    -.3553293    .4013176
         zcount4 |   .4733358   .3746034     1.26   0.207     -.261811    1.208483
         zcount5 |   .3173568   .2254567     1.41   0.160    -.1250944    .7598081
         zcount6 |   .2264008   .3843578     0.59   0.556    -.5278886    .9806903
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.3008112   .3032765    -0.99   0.322    -.8959813    .2943589
           cc_ge |  -.5958611   .2246867    -2.65   0.008    -1.036801   -.1549209
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .2945308   .3683881     0.80   0.424    -.4284187     1.01748
           cc_jp |          0  (omitted)
           cc_po |  -.8501322   .5817884    -1.46   0.144    -1.991873    .2916083
           cc_pt |  -.4493074   .4772334    -0.94   0.347    -1.385862    .4872473
           cc_sw |   .1156431   .3132194     0.37   0.712    -.4990397    .7303258
           cc_uk |   .0051603   .1407816     0.04   0.971     -.271119    .2814396
           _cons |     .57144   .9491793     0.60   0.547    -1.291293    2.434173
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est1 stored)

. eststo:xi:areg zorg  w_erp_oth  lpcemp lpcempm ldegree_t* $collapse $firm $noise_a zcount* cc*  if levels_ceopm>0 & sa1==1 $conditio
> n, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  83,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3551
                                                  Adj R-squared   =     0.2007
                                                  Root MSE        =     0.8737

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1690796   .0865378     1.95   0.051     -.000748    .3389071
          lpcemp |  -.0587816   .0449602    -1.31   0.191    -.1470146    .0294513
         lpcempm |  -5.541055   4.407483    -1.26   0.209    -14.19059    3.108485
       ldegree_t |   .1068586   .0325319     3.28   0.001     .0430159    .1707013
   ldegree_tmiss |   .1680387   .1186158     1.42   0.157    -.0647408    .4008182
        _Inobs_2 |  -.1505033   .3048232    -0.49   0.622    -.7487088    .4477021
        _Inobs_3 |  -.0458507   .2922357    -0.16   0.875    -.6193536    .5276522
        _Inobs_4 |  -.0419011   .3144704    -0.13   0.894    -.6590388    .5752366
        _Inobs_5 |   .1201357   .3010808     0.40   0.690    -.4707254    .7109968
        _Inobs_6 |   .0981461   .2903783     0.34   0.735    -.4717118    .6680039
        _Inobs_7 |   .4023915   .3888174     1.03   0.301    -.3606498    1.165433
            ln_N |   .0579586   .0428946     1.35   0.177    -.0262207    .1421379
       ln_N_miss |   5.423974   4.496329     1.21   0.228    -3.399923    14.24787
           share |   .1264106   .0476506     2.65   0.008      .032898    .2199232
       sharemiss |   12.62813   4.682695     2.70   0.007     3.438493    21.81776
           MNE_f |   .1603647   .0826927     1.94   0.053     -.001917    .3226463
           MNE_d |   .1414985   .0871418     1.62   0.105    -.0295145    .3125115
          onsite |  -.0776572   .0696263    -1.12   0.265    -.2142966    .0589822
         onsitem |  -7.682141   6.945029    -1.11   0.269    -21.31153    5.947247
             aa1 |   -1.02118   .5530475    -1.85   0.065    -2.106517    .0641579
             aa2 |  -1.190207   .3177006    -3.75   0.000    -1.813683   -.5667298
             aa3 |  -1.437266   .3686894    -3.90   0.000    -2.160807   -.7137256
             aa4 |  -1.991058   .4787669    -4.16   0.000    -2.930622   -1.051494
             aa5 |  -1.186616   .3231566    -3.67   0.000      -1.8208   -.5524316
             aa6 |  -.7818442   .3488097    -2.24   0.025    -1.466372   -.0973168
             aa7 |  -1.419056   .5397943    -2.63   0.009    -2.478384   -.3597273
             aa8 |  -1.330487   .2543166    -5.23   0.000    -1.829575   -.8313993
             aa9 |  -.3126317   .3889465    -0.80   0.422    -1.075926    .4506629
            aa10 |  -1.059266   .2785891    -3.80   0.000    -1.605988   -.5125443
            aa11 |          0  (omitted)
            aa12 |  -1.552315   .4155185    -3.74   0.000    -2.367756   -.7368738
            aa13 |  -.8477431   .3052294    -2.78   0.006    -1.446746   -.2487406
            aa14 |  -.4545215   .2863193    -1.59   0.113    -1.016414    .1073706
            aa15 |  -1.596573   .3668326    -4.35   0.000     -2.31647   -.8766766
            aa16 |  -1.281483   .2889025    -4.44   0.000    -1.848445   -.7145217
            aa17 |  -1.042758    .591659    -1.76   0.078    -2.203869    .1183535
            aa18 |          0  (omitted)
            aa19 |   -.688887     .26324    -2.62   0.009    -1.205487   -.1722872
            aa20 |  -1.183186   .3471831    -3.41   0.001    -1.864521   -.5018507
            aa21 |  -.2964528   .5799929    -0.51   0.609     -1.43467    .8417642
            aa22 |  -3.023678   .3573306    -8.46   0.000    -3.724927   -2.322428
            aa23 |  -1.221893   .3747348    -3.26   0.001    -1.957298   -.4864888
            aa24 |  -.5563545   .4880358    -1.14   0.255    -1.514109    .4013996
            aa25 |  -1.803945   .4794475    -3.76   0.000    -2.744845   -.8630456
            aa26 |  -.8878664   .2534058    -3.50   0.000    -1.385167   -.3905659
            aa27 |  -.8554654   .2815879    -3.04   0.002    -1.408072   -.3028585
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |    .221518   .3714398     0.60   0.551    -.5074203    .9504562
            aa31 |  -.9638012   .3131174    -3.08   0.002    -1.578284   -.3493187
            aa32 |  -1.789852   .3950671    -4.53   0.000    -2.565158   -1.014545
            aa33 |          0  (omitted)
            aa34 |  -.5928842   .3132996    -1.89   0.059    -1.207724    .0219559
            aa35 |  -.7815297   .2443699    -3.20   0.001    -1.261097   -.3019619
            aa36 |     -.6605   .5851944    -1.13   0.259    -1.808925    .4879246
            aa37 |          0  (omitted)
            aa38 |  -.9677574   .4434114    -2.18   0.029    -1.837938   -.0975772
            aa39 |  -.4853947   .2958898    -1.64   0.101    -1.066069    .0952792
            aa40 |  -.9898949   .5280956    -1.87   0.061    -2.026265    .0464753
            aa41 |  -.7306755   .4359454    -1.68   0.094    -1.586204    .1248529
            aa42 |          0  (omitted)
            aa43 |  -1.271739   .3353889    -3.79   0.000    -1.929929   -.6135495
            aa44 |  -.6290048    .365808    -1.72   0.086    -1.346891    .0888813
            aa45 |  -.2173586   .4392114    -0.49   0.621    -1.079296    .6445791
            aa46 |  -.6101018   .4416759    -1.38   0.168    -1.476876    .2566726
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0532243   .0254466     2.09   0.037     .0032863    .1031623
 reliabilitymiss |   5.921525   2.785103     2.13   0.034     .4558534     11.3872
             dd1 |   -.094153   .2280501    -0.41   0.680    -.5416938    .3533878
             dd2 |  -.0294658   .1579783    -0.19   0.852     -.339493    .2805615
             dd3 |   .2053786   .1405642     1.46   0.144     -.070474    .4812311
             dd4 |   .0761457   .1392616     0.55   0.585    -.1971506     .349442
             dd5 |  -.0680475   .1363961    -0.50   0.618    -.3357204    .1996254
             dd6 |  -.0330229   .1425617    -0.23   0.817    -.3127956    .2467498
             dd7 |   .1123245   .1795384     0.63   0.532    -.2400137    .4646627
             dd8 |          0  (omitted)
    i_comptenure |  -.0058729   .0031541    -1.86   0.063    -.0120627    .0003169
i_comptenuremiss |  -.7898547   .4315967    -1.83   0.068    -1.636849    .0571396
     i_seniority |   .0229395   .0441131     0.52   0.603     -.063631      .10951
 i_senioritymiss |   2.242376   4.511865     0.50   0.619    -6.612011    11.09676
        duration |  -.0020602   .0030506    -0.68   0.500    -.0080468    .0039264
    durationmiss |   .1642224   .5398515     0.30   0.761    -.8952182    1.223663
          zcount |   .0312613   .1903057     0.16   0.870    -.3422073    .4047298
         zcount4 |   .5685292   .3733739     1.52   0.128    -.1642048    1.301263
         zcount5 |    .323858   .2221706     1.46   0.145    -.1121444    .7598604
         zcount6 |   .2634199   .3605826     0.73   0.465    -.4442114    .9710512
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.2081034   .3016108    -0.69   0.490    -.8000046    .3837978
           cc_ge |   -.553112   .2237061    -2.47   0.014    -.9921278   -.1140963
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .2889721   .3791436     0.76   0.446    -.4550847    1.033029
           cc_jp |          0  (omitted)
           cc_po |  -.9002928   .5399328    -1.67   0.096    -1.959893    .1593074
           cc_pt |  -.4315078   .4511146    -0.96   0.339    -1.316805    .4537896
           cc_sw |   .2072494   .3070377     0.67   0.500    -.3953019    .8098007
           cc_uk |   .0605079   .1416186     0.43   0.669     -.217414    .3384298
           _cons |    .109231   .9519804     0.11   0.909    -1.758999    1.977461
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est2 stored)

. eststo:xi:areg zorg  w_net  $collapse $firm $noise_a zcount* cc*  if levels_ceopm>0 & sa1==1 $condition, cluster(company_id) abs(sic
> )
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  79,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3463
                                                  Adj R-squared   =     0.1937
                                                  Root MSE        =     0.8775

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |  -.1771197    .089735    -1.97   0.049    -.3532216   -.0010178
        _Inobs_2 |  -.2205925   .2815296    -0.78   0.433    -.7730849       .3319
        _Inobs_3 |  -.1145938   .2634765    -0.43   0.664    -.6316577    .4024701
        _Inobs_4 |  -.1033039   .2869138    -0.36   0.719    -.6663627    .4597549
        _Inobs_5 |   .0930518   .2701819     0.34   0.731    -.4371713    .6232748
        _Inobs_6 |   .0623022    .254873     0.24   0.807    -.4378775    .5624819
        _Inobs_7 |   .3785618   .3588163     1.06   0.292    -.3256032    1.082727
            ln_N |    .075719   .0414454     1.83   0.068    -.0056163    .1570543
       ln_N_miss |   7.298859   4.353508     1.68   0.094    -1.244756    15.84247
           share |   .1325293   .0467626     2.83   0.005     .0407593    .2242992
       sharemiss |   13.26696   4.589832     2.89   0.004     4.259571    22.27436
           MNE_f |   .1927253     .08248     2.34   0.020      .030861    .3545896
           MNE_d |   .1700379   .0865474     1.96   0.050     .0001915    .3398842
          onsite |  -.0686788   .0694293    -0.99   0.323    -.2049315     .067574
         onsitem |   -6.85374   6.925906    -0.99   0.323     -20.4456    6.738122
             aa1 |  -1.056059   .5994295    -1.76   0.078    -2.232419    .1203019
             aa2 |  -1.296504   .3027649    -4.28   0.000     -1.89067   -.7023374
             aa3 |  -1.483881   .3621392    -4.10   0.000    -2.194567   -.7731944
             aa4 |  -2.150991     .46874    -4.59   0.000    -3.070877   -1.231104
             aa5 |  -1.234099    .314418    -3.93   0.000    -1.851134   -.6170643
             aa6 |  -.8088719   .3528297    -2.29   0.022    -1.501288   -.1164552
             aa7 |   -1.40925   .5412047    -2.60   0.009    -2.471347    -.347154
             aa8 |  -1.490314   .2461947    -6.05   0.000    -1.973463   -1.007165
             aa9 |  -.1564802   .3826496    -0.41   0.683    -.9074173     .594457
            aa10 |  -1.186506   .2725006    -4.35   0.000     -1.72128   -.6517329
            aa11 |          0  (omitted)
            aa12 |  -1.670765   .4079299    -4.10   0.000    -2.471314   -.8702165
            aa13 |  -.8686517   .3195334    -2.72   0.007    -1.495725   -.2415781
            aa14 |  -.5175789   .2822872    -1.83   0.067    -1.071558    .0364004
            aa15 |  -1.678313   .3684785    -4.55   0.000    -2.401439   -.9551857
            aa16 |  -1.393894   .2848185    -4.89   0.000    -1.952841   -.8349476
            aa17 |  -1.146351   .6310419    -1.82   0.070    -2.384749    .0920481
            aa18 |          0  (omitted)
            aa19 |  -.7554917   .2676872    -2.82   0.005    -1.280819   -.2301645
            aa20 |  -1.288411    .340055    -3.79   0.000    -1.955758   -.6210643
            aa21 |  -.4072285   .5952951    -0.68   0.494    -1.575475    .7610184
            aa22 |  -2.883026   .3756874    -7.67   0.000      -3.6203   -2.145752
            aa23 |  -1.224119   .3820672    -3.20   0.001    -1.973914   -.4743252
            aa24 |  -.6692787   .4623057    -1.45   0.148    -1.576538     .237981
            aa25 |  -1.919052   .4824906    -3.98   0.000    -2.865924   -.9721805
            aa26 |  -.9667865   .2510004    -3.85   0.000    -1.459367   -.4742065
            aa27 |  -.9350167   .2788498    -3.35   0.001     -1.48225   -.3877832
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |  -.1425295   .3494263    -0.41   0.683    -.8282669     .543208
            aa31 |   -1.03012   .3176252    -3.24   0.001    -1.653449   -.4067916
            aa32 |   -1.99417   .3596304    -5.55   0.000    -2.699933   -1.288407
            aa33 |          0  (omitted)
            aa34 |   -.568007   .3166551    -1.79   0.073    -1.189432    .0534182
            aa35 |   -.886861   .2345526    -3.78   0.000    -1.347163   -.4265592
            aa36 |  -.7297682   .6227794    -1.17   0.242    -1.951952    .4924157
            aa37 |          0  (omitted)
            aa38 |  -1.073456    .426254    -2.52   0.012    -1.909965   -.2369462
            aa39 |  -.5550058   .2925871    -1.90   0.058    -1.129198    .0191867
            aa40 |  -1.032747   .5901332    -1.75   0.080    -2.190864      .12537
            aa41 |  -.9056844   .4080939    -2.22   0.027    -1.706555   -.1048137
            aa42 |          0  (omitted)
            aa43 |   -1.41058   .3277207    -4.30   0.000     -2.05372   -.7674386
            aa44 |  -.8504104   .3621779    -2.35   0.019    -1.561172   -.1396484
            aa45 |  -.3338713     .44207    -0.76   0.450    -1.201419    .5336765
            aa46 |  -.7312753   .4004282    -1.83   0.068    -1.517102    .0545518
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0584969   .0254876     2.30   0.022     .0084783    .1085155
 reliabilitymiss |   6.501502   2.791722     2.33   0.020     1.022841    11.98016
             dd1 |  -.1046859   .2299336    -0.46   0.649    -.5559231    .3465513
             dd2 |  -.0327068   .1573882    -0.21   0.835    -.3415759    .2761622
             dd3 |   .2068054   .1404457     1.47   0.141    -.0688147    .4824254
             dd4 |   .0863499   .1381722     0.62   0.532    -.1848085    .3575083
             dd5 |  -.0616509   .1363412    -0.45   0.651     -.329216    .2059142
             dd6 |   -.018345   .1422891    -0.13   0.897    -.2975826    .2608926
             dd7 |   .0713561   .1779682     0.40   0.689    -.2779007    .4206128
             dd8 |          0  (omitted)
    i_comptenure |  -.0059326   .0032336    -1.83   0.067    -.0122784    .0004132
i_comptenuremiss |  -.6571249   .4550238    -1.44   0.149    -1.550094    .2358442
     i_seniority |   .0375747   .0441428     0.85   0.395    -.0490541    .1242034
 i_senioritymiss |   3.726402   4.511667     0.83   0.409    -5.127595     12.5804
        duration |   -.001619   .0030232    -0.54   0.592    -.0075519     .004314
    durationmiss |   .2409309   .5320346     0.45   0.651    -.8031693    1.285031
          zcount |   .0117253   .1895988     0.06   0.951     -.360356    .3838066
         zcount4 |   .4308398   .3724296     1.16   0.248    -.3000409    1.161721
         zcount5 |   .3184634   .2241676     1.42   0.156    -.1214581    .7583848
         zcount6 |    .272575    .378861     0.72   0.472    -.4709271    1.016077
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.2337458   .3087629    -0.76   0.449    -.8396827    .3721911
           cc_ge |  -.5378954   .2232146    -2.41   0.016    -.9759466   -.0998442
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .3713671    .381602     0.97   0.331    -.3775141    1.120248
           cc_jp |          0  (omitted)
           cc_po |  -.7728039   .5896534    -1.31   0.190    -1.929979    .3843713
           cc_pt |  -.3882644   .4565372    -0.85   0.395    -1.284204    .5076748
           cc_sw |   .2043339   .3097957     0.66   0.510      -.40363    .8122977
           cc_uk |   .0787498   .1428828     0.55   0.582    -.2016529    .3591524
           _cons |   .4606726   .9401146     0.49   0.624    -1.384271    2.305616
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est3 stored)

. eststo:xi:areg zorg  w_net  lpcemp lpcempm  ldegree_t*  $collapse $firm $noise_a zcount* cc*  if levels_ceopm>0 & sa1==1 $condition,
>  cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  83,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3547
                                                  Adj R-squared   =     0.2001
                                                  Root MSE        =     0.8740

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |  -.1630795   .0900525    -1.81   0.070    -.3398047    .0136456
          lpcemp |  -.0250002   .0448331    -0.56   0.577    -.1129837    .0629833
         lpcempm |  -2.277429   4.398999    -0.52   0.605    -10.91032    6.355462
       ldegree_t |   .1040177     .03285     3.17   0.002     .0395506    .1684848
   ldegree_tmiss |   .1480833   .1189051     1.25   0.213    -.0852639    .3814306
        _Inobs_2 |   -.134512   .3115736    -0.43   0.666    -.7459649    .4769409
        _Inobs_3 |   .0006492   .2978384     0.00   0.998    -.5838488    .5851473
        _Inobs_4 |   -.025144   .3199634    -0.08   0.937    -.6530615    .6027735
        _Inobs_5 |   .1771766     .30647     0.58   0.563    -.4242606    .7786137
        _Inobs_6 |   .1621644    .296332     0.55   0.584    -.4193774    .7437062
        _Inobs_7 |    .453152   .3897972     1.16   0.245    -.3118121    1.218116
            ln_N |    .068118   .0425885     1.60   0.110    -.0154606    .1516965
       ln_N_miss |   6.539949   4.465696     1.46   0.143    -2.223833    15.30373
           share |   .1321693   .0475817     2.78   0.006     .0387919    .2255468
       sharemiss |   13.20467   4.674462     2.82   0.005     4.031194    22.37815
           MNE_f |   .1899502   .0831901     2.28   0.023     .0266924     .353208
           MNE_d |   .1569429   .0877174     1.79   0.074    -.0151997    .3290854
          onsite |  -.0820442   .0695453    -1.18   0.238    -.2185246    .0544363
         onsitem |  -8.155849   6.936943    -1.18   0.240    -21.76937    5.457672
             aa1 |  -.9663362    .554152    -1.74   0.082    -2.053841    .1211688
             aa2 |  -1.287949   .3112279    -4.14   0.000    -1.898724   -.6771747
             aa3 |  -1.412025   .3716878    -3.80   0.000     -2.14145   -.6826005
             aa4 |   -1.99353    .489383    -4.07   0.000    -2.953928   -1.033132
             aa5 |  -1.144178   .3182378    -3.60   0.000    -1.768709   -.5196467
             aa6 |  -.7939552   .3466701    -2.29   0.022    -1.474284   -.1136266
             aa7 |  -1.312562    .513659    -2.56   0.011    -2.320601   -.3045232
             aa8 |  -1.317908   .2546258    -5.18   0.000    -1.817602   -.8182129
             aa9 |  -.3659005   .3896822    -0.94   0.348    -1.130639    .3988379
            aa10 |  -1.041681   .2765332    -3.77   0.000    -1.584368   -.4989934
            aa11 |          0  (omitted)
            aa12 |  -1.541343   .4246587    -3.63   0.000    -2.374722   -.7079645
            aa13 |  -.8346026   .3351109    -2.49   0.013    -1.492247   -.1769585
            aa14 |  -.4409749   .2840345    -1.55   0.121    -.9983833    .1164335
            aa15 |  -1.634221   .3675615    -4.45   0.000    -2.355548    -.912894
            aa16 |  -1.286617   .2878042    -4.47   0.000    -1.851423   -.7218109
            aa17 |  -1.013939   .5913118    -1.71   0.087    -2.174368     .146491
            aa18 |          0  (omitted)
            aa19 |  -.6619128   .2639235    -2.51   0.012    -1.179854   -.1439717
            aa20 |  -1.186389   .3506547    -3.38   0.001    -1.874537   -.4982407
            aa21 |   -.278982   .5802427    -0.48   0.631    -1.417689    .8597251
            aa22 |  -2.748496   .3845198    -7.15   0.000    -3.503103   -1.993888
            aa23 |  -1.200448   .3741422    -3.21   0.001    -1.934689   -.4662061
            aa24 |   -.557003   .4680376    -1.19   0.234    -1.475511    .3615053
            aa25 |  -1.865781   .4995773    -3.73   0.000    -2.846185   -.8853771
            aa26 |  -.8821562   .2529771    -3.49   0.001    -1.378615   -.3856971
            aa27 |  -.8246498   .2803878    -2.94   0.003    -1.374902    -.274398
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .0806351    .365088     0.22   0.825    -.6358379    .7971082
            aa31 |  -.9739568   .3164483    -3.08   0.002    -1.594976   -.3529375
            aa32 |  -1.876194   .3847498    -4.88   0.000    -2.631252   -1.121135
            aa33 |          0  (omitted)
            aa34 |  -.5012543   .3281773    -1.53   0.127    -1.145291    .1427828
            aa35 |  -.7787322    .242671    -3.21   0.001    -1.254966   -.3024985
            aa36 |  -.6087674   .5864158    -1.04   0.299    -1.759589    .5420541
            aa37 |          0  (omitted)
            aa38 |  -.9446381    .427912    -2.21   0.028    -1.784401    -.104875
            aa39 |  -.4577561   .2944328    -1.55   0.120    -1.035571    .1200584
            aa40 |  -.9593368   .5693208    -1.69   0.092     -2.07661    .1579364
            aa41 |  -.7984899   .4380594    -1.82   0.069    -1.658167    .0611871
            aa42 |          0  (omitted)
            aa43 |  -1.265246   .3365325    -3.76   0.000     -1.92568   -.6048126
            aa44 |  -.6380109   .3729658    -1.71   0.087    -1.369944     .093922
            aa45 |  -.2033559   .4353846    -0.47   0.641    -1.057784     .651072
            aa46 |  -.5909274   .4249904    -1.39   0.165    -1.424957    .2431021
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0529171   .0255388     2.07   0.039     .0027982    .1030361
 reliabilitymiss |   5.941298   2.791363     2.13   0.034     .4633408    11.41926
             dd1 |   -.108642   .2293241    -0.47   0.636     -.558683     .341399
             dd2 |  -.0307745   .1576722    -0.20   0.845    -.3402011     .278652
             dd3 |   .1915369    .140995     1.36   0.175    -.0851612    .4682351
             dd4 |   .0762509   .1388543     0.55   0.583    -.1962462    .3487479
             dd5 |  -.0587003    .136639    -0.43   0.668    -.3268497    .2094492
             dd6 |  -.0289139   .1422594    -0.20   0.839    -.3080933    .2502655
             dd7 |   .0976507   .1782607     0.55   0.584      -.25218    .4474815
             dd8 |          0  (omitted)
    i_comptenure |  -.0059611   .0031791    -1.88   0.061    -.0121999    .0002777
i_comptenuremiss |  -.7265115   .4445067    -1.63   0.103    -1.598841    .1458182
     i_seniority |   .0315781   .0440558     0.72   0.474    -.0548799    .1180361
 i_senioritymiss |   3.111719   4.501237     0.69   0.490     -5.72181    11.94525
        duration |  -.0022155   .0030432    -0.73   0.467    -.0081878    .0037567
    durationmiss |   .1600682   .5318456     0.30   0.764    -.8836611    1.203798
          zcount |   .0131851   .1887599     0.07   0.944      -.35725    .3836202
         zcount4 |    .488144   .3714093     1.31   0.189    -.2407344    1.217022
         zcount5 |    .319941   .2222999     1.44   0.150     -.116315    .7561971
         zcount6 |   .3019947    .352592     0.86   0.392    -.3899555    .9939449
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1366704   .3056834    -0.45   0.655    -.7365639    .4632231
           cc_ge |  -.4904947   .2229991    -2.20   0.028     -.928123   -.0528664
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .3770341   .3972342     0.95   0.343    -.4025248    1.156593
           cc_jp |          0  (omitted)
           cc_po |   -.827371   .5456239    -1.52   0.130     -1.89814    .2433979
           cc_pt |  -.3381952   .4236511    -0.80   0.425    -1.169596     .493206
           cc_sw |   .2984338   .3041797     0.98   0.327    -.2985087    .8953763
           cc_uk |   .1291348   .1446268     0.89   0.372    -.1546905    .4129601
           _cons |   .1265579   .9452648     0.13   0.894    -1.728493    1.981609
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est4 stored)

. eststo:xi:areg zorg w_erp_oth  w_net  $collapse $firm $noise_a zcount* cc*  if levels_ceopm>0 & sa1==1 $condition, cluster(company_i
> d) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  80,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3498
                                                  Adj R-squared   =     0.1971
                                                  Root MSE        =     0.8756

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1813995   .0851282     2.13   0.033     .0143382    .3484608
           w_net |   -.207553   .0905353    -2.29   0.022    -.3852256   -.0298804
        _Inobs_2 |  -.2233431    .277151    -0.81   0.421    -.7672427    .3205565
        _Inobs_3 |  -.1689793   .2614132    -0.65   0.518    -.6819941    .3440354
        _Inobs_4 |   -.113757    .282471    -0.40   0.687    -.6680969    .4405829
        _Inobs_5 |   .0689025   .2685393     0.26   0.798     -.458097     .595902
        _Inobs_6 |   .0315659   .2522021     0.13   0.900    -.4633723    .5265041
        _Inobs_7 |   .3802018   .3603571     1.06   0.292    -.3269872    1.087391
            ln_N |   .0746285   .0414414     1.80   0.072    -.0066989     .155956
       ln_N_miss |   7.157676    4.35105     1.65   0.100    -1.381115    15.69647
           share |   .1285459   .0467624     2.75   0.006     .0367761    .2203156
       sharemiss |   12.87965   4.590344     2.81   0.005      3.87125    21.88805
           MNE_f |   .1815494   .0834922     2.17   0.030     .0176987    .3454002
           MNE_d |   .1650231   .0862429     1.91   0.056    -.0042257    .3342718
          onsite |  -.0687652   .0696286    -0.99   0.324    -.2054091    .0678787
         onsitem |  -6.822148   6.946168    -0.98   0.326    -20.45377    6.809477
             aa1 |  -1.151286   .5888925    -1.96   0.051    -2.306968    .0043961
             aa2 |  -1.249012   .3033689    -4.12   0.000    -1.844363   -.6536604
             aa3 |  -1.529026   .3580826    -4.27   0.000    -2.231752   -.8263011
             aa4 |  -2.229067   .4658691    -4.78   0.000     -3.14332   -1.314814
             aa5 |  -1.250835   .3286752    -3.81   0.000     -1.89585   -.6058212
             aa6 |  -.7635631   .3549943    -2.15   0.032    -1.460228   -.0668984
             aa7 |   -1.40492   .5169362    -2.72   0.007     -2.41939   -.3904496
             aa8 |  -1.499735   .2446952    -6.13   0.000    -1.979941   -1.019529
             aa9 |  -.1166792   .3831795    -0.30   0.761    -.8686562    .6352978
            aa10 |  -1.185841   .2707441    -4.38   0.000    -1.717167   -.6545146
            aa11 |          0  (omitted)
            aa12 |   -1.75843   .4066937    -4.32   0.000    -2.556553   -.9603075
            aa13 |  -.8682683    .305072    -2.85   0.005    -1.466962   -.2695746
            aa14 |  -.5299591   .2828515    -1.87   0.061    -1.085046    .0251276
            aa15 |  -1.672467    .371254    -4.50   0.000    -2.401041   -.9438937
            aa16 |  -1.397736   .2817068    -4.96   0.000    -1.950576    -.844896
            aa17 |   -1.22762   .6236447    -1.97   0.049    -2.451502   -.0037384
            aa18 |          0  (omitted)
            aa19 |  -.7449478   .2658459    -2.80   0.005    -1.266662   -.2232339
            aa20 |  -1.288115   .3346055    -3.85   0.000    -1.944767   -.6314628
            aa21 |  -.3651454   .5924091    -0.62   0.538    -1.527729    .7974377
            aa22 |  -2.866186   .3719409    -7.71   0.000    -3.596108   -2.136264
            aa23 |  -1.207417   .3840668    -3.14   0.002    -1.961135   -.4536986
            aa24 |  -.6597558   .4712286    -1.40   0.162    -1.584526    .2650147
            aa25 |  -1.951589   .4716529    -4.14   0.000    -2.877192   -1.025985
            aa26 |   -.962241   .2502825    -3.84   0.000    -1.453412     -.47107
            aa27 |  -.9566477    .277827    -3.44   0.001    -1.501874   -.4114213
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |  -.1036473   .3486921    -0.30   0.766     -.787944    .5806495
            aa31 |  -1.048714   .3219465    -3.26   0.001    -1.680524   -.4169051
            aa32 |  -2.013899   .3589799    -5.61   0.000    -2.718386   -1.309413
            aa33 |          0  (omitted)
            aa34 |  -.6185649   .3148194    -1.96   0.050    -1.236388   -.0007423
            aa35 |  -.9098001   .2334804    -3.90   0.000    -1.367998   -.4516025
            aa36 |   -.838865   .6152557    -1.36   0.173    -2.046284     .368554
            aa37 |          0  (omitted)
            aa38 |  -1.100998   .4364287    -2.52   0.012    -1.957475   -.2445214
            aa39 |   -.566782   .2922928    -1.94   0.053    -1.140397     .006833
            aa40 |  -1.077374   .5727579    -1.88   0.060    -2.201393    .0466439
            aa41 |  -.8698209   .3963885    -2.19   0.028     -1.64772   -.0919216
            aa42 |          0  (omitted)
            aa43 |   -1.41959   .3249541    -4.37   0.000    -2.057302   -.7818783
            aa44 |  -.8492834   .3512676    -2.42   0.016    -1.538634   -.1599323
            aa45 |  -.3172599   .4393902    -0.72   0.470    -1.179549    .5450287
            aa46 |  -.7510061    .410227    -1.83   0.067    -1.556063    .0540508
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0576153   .0253507     2.27   0.023     .0078653    .1073652
 reliabilitymiss |   6.349186   2.779496     2.28   0.023     .8945167    11.80386
             dd1 |  -.0885942   .2282238    -0.39   0.698    -.5364759    .3592874
             dd2 |  -.0320428   .1569905    -0.20   0.838    -.3401315    .2760458
             dd3 |   .2201973   .1397776     1.58   0.116    -.0541117    .4945063
             dd4 |   .0812033   .1378668     0.59   0.556    -.1893558    .3517624
             dd5 |  -.0608616     .13583    -0.45   0.654    -.3274236    .2057003
             dd6 |  -.0206039   .1422567    -0.14   0.885     -.299778    .2585701
             dd7 |   .0744833    .179121     0.42   0.678    -.2770358    .4260024
             dd8 |          0  (omitted)
    i_comptenure |  -.0059158   .0032206    -1.84   0.067    -.0122362    .0004046
i_comptenuremiss |  -.6573478   .4381736    -1.50   0.134    -1.517249    .2025534
     i_seniority |   .0332441   .0441509     0.75   0.452    -.0534005    .1198888
 i_senioritymiss |   3.298167   4.512477     0.73   0.465     -5.55742    12.15375
        duration |  -.0015825   .0030193    -0.52   0.600    -.0075077    .0043428
    durationmiss |   .2470158   .5354367     0.46   0.645     -.803761    1.297793
          zcount |   .0089879   .1883511     0.05   0.962    -.3606448    .3786207
         zcount4 |   .4973435   .3724896     1.34   0.182    -.2336549    1.228342
         zcount5 |   .3084013   .2214507     1.39   0.164    -.1261883    .7429909
         zcount6 |   .2546382    .381117     0.67   0.504    -.4932914    1.002568
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.2632153   .3097477    -0.85   0.396     -.871085    .3446544
           cc_ge |  -.5800549   .2231801    -2.60   0.009    -1.018038   -.1420714
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4113069   .3783641     1.09   0.277    -.3312202    1.153834
           cc_jp |          0  (omitted)
           cc_po |    -.73752   .5825508    -1.27   0.206    -1.880757    .4057167
           cc_pt |   -.475884   .4299445    -1.11   0.269    -1.319636    .3678679
           cc_sw |   .1305314   .3137751     0.42   0.678    -.4852418    .7463047
           cc_uk |   .0696126   .1435536     0.48   0.628    -.2121067    .3513318
           _cons |   .5074894   .9335369     0.54   0.587    -1.324546    2.339525
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est5 stored)

. eststo:xi:areg zorg w_erp_oth   w_net  lpcemp lpcempm  ldegree_t* $collapse $firm $noise_a zcount* cc*  if levels_ceopm>0 & sa1==1 $
> condition, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  84,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3585
                                                  Adj R-squared   =     0.2038
                                                  Root MSE        =     0.8720

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |    .191599   .0867873     2.21   0.028     .0212818    .3619162
           w_net |  -.1880609   .0904569    -2.08   0.038    -.3655795   -.0105423
          lpcemp |  -.0433891   .0454668    -0.95   0.340    -.1326163     .045838
         lpcempm |  -4.042456   4.457668    -0.91   0.365    -12.79048     4.70557
       ldegree_t |   .1041799   .0325485     3.20   0.001     .0403044    .1680553
   ldegree_tmiss |   .1589102   .1183339     1.34   0.180    -.0733161    .3911365
        _Inobs_2 |  -.1251244   .3040272    -0.41   0.681    -.7217677    .4715189
        _Inobs_3 |  -.0394028   .2912125    -0.14   0.892    -.6108977     .532092
        _Inobs_4 |  -.0163043   .3132851    -0.05   0.959    -.6311159    .5985074
        _Inobs_5 |   .1679468   .3017164     0.56   0.578    -.4241617    .7600553
        _Inobs_6 |   .1493403   .2908369     0.51   0.608    -.4214176    .7200981
        _Inobs_7 |   .4774663    .388735     1.23   0.220    -.2854133    1.240346
            ln_N |   .0645445   .0426352     1.51   0.130    -.0191256    .1482146
       ln_N_miss |   6.138927   4.468141     1.37   0.170    -2.629651    14.90751
           share |   .1248891   .0476281     2.62   0.009     .0314205    .2183578
       sharemiss |   12.48817   4.679678     2.67   0.008     3.304456    21.67188
           MNE_f |   .1835905   .0838199     2.19   0.029     .0190967    .3480842
           MNE_d |   .1555245   .0872783     1.78   0.075    -.0157563    .3268054
          onsite |  -.0836259    .069675    -1.20   0.230    -.2203607     .053109
         onsitem |  -8.269244    6.95049    -1.19   0.234    -21.90935    5.370861
             aa1 |  -1.053408   .5472038    -1.93   0.055    -2.127277    .0204615
             aa2 |  -1.199083   .3133035    -3.83   0.000    -1.813931   -.5842355
             aa3 |  -1.436639   .3663044    -3.92   0.000    -2.155499    -.717779
             aa4 |  -2.041958    .481385    -4.24   0.000     -2.98666   -1.097256
             aa5 |  -1.144567   .3336909    -3.43   0.001    -1.799424   -.4897095
             aa6 |   -.728305    .349342    -2.08   0.037    -1.413877   -.0427329
             aa7 |  -1.282632   .4989794    -2.57   0.010    -2.261862   -.3034011
             aa8 |  -1.312786   .2537406    -5.17   0.000    -1.810743   -.8148281
             aa9 |  -.3002046    .390765    -0.77   0.443    -1.067068    .4666588
            aa10 |  -1.027554   .2756445    -3.73   0.000    -1.568497   -.4866107
            aa11 |          0  (omitted)
            aa12 |  -1.605849   .4178241    -3.84   0.000    -2.425815   -.7858831
            aa13 |  -.8174206   .3225018    -2.53   0.011     -1.45032   -.1845214
            aa14 |   -.434838   .2839443    -1.53   0.126    -.9920692    .1223932
            aa15 |  -1.616056   .3706003    -4.36   0.000    -2.343347   -.8887648
            aa16 |  -1.273397   .2853235    -4.46   0.000    -1.833335   -.7134593
            aa17 |  -1.084557   .5873232    -1.85   0.065     -2.23716    .0680448
            aa18 |          0  (omitted)
            aa19 |  -.6425227   .2626909    -2.45   0.015    -1.158045   -.1270005
            aa20 |    -1.1663   .3458898    -3.37   0.001    -1.845097   -.4875027
            aa21 |  -.2220209   .5746256    -0.39   0.699    -1.349705    .9056628
            aa22 |  -2.760194   .3813561    -7.24   0.000    -3.508592   -2.011795
            aa23 |   -1.16269   .3762403    -3.09   0.002    -1.901049   -.4243303
            aa24 |  -.5286802   .4776593    -1.11   0.269    -1.466071    .4087102
            aa25 |   -1.87044   .4858492    -3.85   0.000    -2.823903   -.9169772
            aa26 |  -.8626278   .2524023    -3.42   0.001    -1.357959   -.3672967
            aa27 |  -.8362097   .2787519    -3.00   0.003    -1.383251   -.2891684
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1429385   .3646234     0.39   0.695    -.5726228    .8584998
            aa31 |  -.9753797   .3202641    -3.05   0.002    -1.603887   -.3468721
            aa32 |  -1.884796   .3809862    -4.95   0.000    -2.632469   -1.137124
            aa33 |          0  (omitted)
            aa34 |  -.5376833   .3216711    -1.67   0.095    -1.168952    .0935856
            aa35 |   -.784425   .2417469    -3.24   0.001    -1.258845   -.3100047
            aa36 |  -.7077026   .5817868    -1.22   0.224     -1.84944    .4340347
            aa37 |          0  (omitted)
            aa38 |  -.9571399   .4370008    -2.19   0.029     -1.81474   -.0995403
            aa39 |  -.4530257   .2935294    -1.54   0.123    -1.029067    .1230161
            aa40 |  -.9821326   .5486647    -1.79   0.074    -2.058869    .0946036
            aa41 |  -.7366673   .4301695    -1.71   0.087    -1.580861    .1075262
            aa42 |          0  (omitted)
            aa43 |  -1.251224   .3322531    -3.77   0.000     -1.90326    -.599188
            aa44 |  -.6226507   .3627847    -1.72   0.086    -1.334604    .0893023
            aa45 |   -.165808   .4347758    -0.38   0.703    -1.019041    .6874251
            aa46 |  -.5980253   .4360457    -1.37   0.171    -1.453751    .2576999
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0529306    .025386     2.09   0.037     .0031114    .1027498
 reliabilitymiss |   5.885833   2.777134     2.12   0.034     .4358003    11.33587
             dd1 |  -.0962748   .2280799    -0.42   0.673     -.543874    .3513245
             dd2 |  -.0297776   .1570449    -0.19   0.850    -.3379731    .2784178
             dd3 |   .2049843   .1400935     1.46   0.144    -.0699447    .4799132
             dd4 |   .0689389   .1385804     0.50   0.619    -.2030205    .3408982
             dd5 |   -.059496   .1360537    -0.44   0.662    -.3264968    .2075049
             dd6 |  -.0308988   .1422103    -0.22   0.828    -.3099817    .2481842
             dd7 |   .1042548    .179715     0.58   0.562      -.24843    .4569395
             dd8 |          0  (omitted)
    i_comptenure |  -.0060017   .0031626    -1.90   0.058    -.0122081    .0002047
i_comptenuremiss |  -.7377565   .4291099    -1.72   0.086    -1.579871    .1043575
     i_seniority |   .0276645   .0440503     0.63   0.530    -.0587829    .1141118
 i_senioritymiss |   2.721876    4.50137     0.60   0.546    -6.111914    11.55567
        duration |  -.0021867    .003033    -0.72   0.471    -.0081389    .0037654
    durationmiss |   .1624135   .5348369     0.30   0.761    -.8871863    1.212013
          zcount |   .0152622   .1869962     0.08   0.935    -.3517116    .3822361
         zcount4 |   .5745269    .370898     1.55   0.122    -.1533481    1.302402
         zcount5 |    .313393   .2191726     1.43   0.153     -.116726     .743512
         zcount6 |   .2854314   .3566772     0.80   0.424    -.4145358    .9853986
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1732004    .306913    -0.56   0.573     -.775507    .4291062
           cc_ge |  -.5373354   .2225834    -2.41   0.016    -.9741479   -.1005229
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4030299   .3883754     1.04   0.300     -.359144    1.165204
           cc_jp |          0  (omitted)
           cc_po |  -.7958397   .5412102    -1.47   0.142    -1.857947    .2662673
           cc_pt |  -.4440261   .4071886    -1.09   0.276     -1.24312     .355068
           cc_sw |   .2201826   .3082592     0.71   0.475    -.3847659     .825131
           cc_uk |   .1176073   .1453569     0.81   0.419    -.1676508    .4028654
           _cons |   .1038584   .9377841     0.11   0.912    -1.736512    1.944229
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est6 stored)

. esttab using Table3.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) keep(
> w_erp_oth ln_N share MNE_f MNE_d lpcemp ldegree_t w_net) nogap
(output written to Table3.csv)

. 
. 
. ******
. * Table 4. Pace 
. ******
. 
. u ictorg, clear

. cap estimates drop *

. eststo:xi:probit pace  w_workstation $collapse $firm $noise_a cc* i.sic  , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -200.50182  
Iteration 2:   log pseudolikelihood = -195.24393  
Iteration 3:   log pseudolikelihood = -194.94646  
Iteration 4:   log pseudolikelihood = -194.90677  
Iteration 5:   log pseudolikelihood = -194.90149  
Iteration 6:   log pseudolikelihood = -194.90052  
Iteration 7:   log pseudolikelihood = -194.90033  
Iteration 8:   log pseudolikelihood = -194.90029  
Iteration 9:   log pseudolikelihood = -194.90029  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(104)  =    3350.34
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -194.90029                 Pseudo R2       =     0.2880

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .9300136    .419975     2.21   0.027     .1068778    1.753149
        _Inobs_2 |  -4.890741    .949074    -5.15   0.000    -6.750892    -3.03059
        _Inobs_3 |  -.9168551   .6656093    -1.38   0.168    -2.221425    .3877152
        _Inobs_4 |  -1.186138   .5937462    -2.00   0.046    -2.349859   -.0224168
        _Inobs_5 |  -.1380828   .4302831    -0.32   0.748    -.9814221    .7052565
        _Inobs_6 |   -.372793   .3767202    -0.99   0.322    -1.111151     .365565
        _Inobs_7 |  -.1329591   .5247571    -0.25   0.800    -1.161464    .8955461
            ln_N |   .0346795   .0957975     0.36   0.717    -.1530801    .2224392
       ln_N_miss |   3.681521   10.02764     0.37   0.714     -15.9723    23.33534
           share |  -.0431399   .1221382    -0.35   0.724    -.2825265    .1962466
       sharemiss |  -4.243437   12.02326    -0.35   0.724     -27.8086    19.32172
           MNE_f |   .3845213   .2038473     1.89   0.059    -.0150121    .7840546
           MNE_d |    .205692   .2036253     1.01   0.312    -.1934061    .6047902
          onsite |  -.0970342   .1566542    -0.62   0.536    -.4040708    .2100024
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.6938907   .7907614    -0.88   0.380    -2.243754    .8559731
             aa4 |          0  (omitted)
             aa5 |  -1.435997   .5802042    -2.47   0.013    -2.573177    -.298818
             aa6 |  -.8472538   .5672594    -1.49   0.135    -1.959062    .2645541
             aa7 |          0  (omitted)
             aa8 |  -1.950693   .6044424    -3.23   0.001    -3.135378   -.7660072
             aa9 |          0  (omitted)
            aa10 |   .2725048    .575609     0.47   0.636    -.8556681    1.400678
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -1.734008   .6012611    -2.88   0.004    -2.912458   -.5555578
            aa15 |  -.8806748   .8792633    -1.00   0.317    -2.603999    .8426496
            aa16 |  -1.633843   .5617288    -2.91   0.004    -2.734812    -.532875
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8910299   .6264424    -1.42   0.155    -2.118834    .3367746
            aa20 |          0  (omitted)
            aa21 |  -.3585497   .8413223    -0.43   0.670    -2.007511    1.290412
            aa22 |          0  (omitted)
            aa23 |   -2.30428   .6079197    -3.79   0.000    -3.495781   -1.112779
            aa24 |          0  (omitted)
            aa25 |   -4.68321   .9482345    -4.94   0.000    -6.541716   -2.824705
            aa26 |  -2.102205   .7008028    -3.00   0.003    -3.475753   -.7286567
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.645957    .679421    -2.42   0.015    -2.977598   -.3143164
            aa32 |  -.2418194   .6192877    -0.39   0.696    -1.455601    .9719623
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.416368   .5046968    -2.81   0.005    -2.405556   -.4271809
            aa36 |   5.890738    .659209     8.94   0.000     4.598712    7.182764
            aa37 |          0  (omitted)
            aa38 |  -.8875703   .7949139    -1.12   0.264    -2.445573    .6704324
            aa39 |   -1.79924   .6168676    -2.92   0.004    -3.008278   -.5902017
            aa40 |   .9491901   .7685161     1.24   0.217    -.5570738    2.455454
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0492564    .057945    -0.85   0.395    -.1628265    .0643138
 reliabilitymiss |  -4.538791   6.419027    -0.71   0.480    -17.11985    8.042271
             dd1 |  -.0743314   .4241805    -0.18   0.861    -.9057099     .757047
             dd2 |   -.387155   .3031747    -1.28   0.202    -.9813665    .2070565
             dd3 |  -.3706155   .3080972    -1.20   0.229    -.9744749     .233244
             dd4 |  -.3021519   .2906024    -1.04   0.298    -.8717221    .2674182
             dd5 |  -.4098739   .2543951    -1.61   0.107    -.9084791    .0887313
             dd6 |  -.7646719   .3043154    -2.51   0.012    -1.361119   -.1682247
             dd7 |   .4113155   .5000289     0.82   0.411    -.5687231    1.391354
             dd8 |          0  (omitted)
    i_comptenure |   .0041663   .0065435     0.64   0.524    -.0086587    .0169912
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0412678   .0898371    -0.46   0.646    -.2173452    .1348096
 i_senioritymiss |  -4.355204   9.184661    -0.47   0.635    -22.35681     13.6464
        duration |   .0002727   .0066664     0.04   0.967    -.0127933    .0133387
    durationmiss |   -.285862   1.333141    -0.21   0.830     -2.89877    2.327046
           cc_cn |          0  (omitted)
           cc_fr |  -.1788266   .7889531    -0.23   0.821    -1.725146    1.367493
           cc_ge |   .3299685   .5551261     0.59   0.552    -.7580587    1.417996
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.160777   .9706429     4.29   0.000     2.258352    6.063202
           cc_jp |          0  (omitted)
           cc_po |  -6.178019   .9166223    -6.74   0.000    -7.974566   -4.381473
           cc_pt |          0  (omitted)
           cc_sw |   1.320772   .5323349     2.48   0.013     .2774149    2.364129
           cc_uk |  -.0245107   .3502051    -0.07   0.944       -.7109    .6618786
       _Isic_202 |  -.1043758   .6379495    -0.16   0.870    -1.354734    1.145982
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .2055116   .6473859     0.32   0.751    -1.063341    1.474365
       _Isic_206 |   .2483559   .7995529     0.31   0.756    -1.318739    1.815451
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .7779537   .9324022     0.83   0.404    -1.049521    2.605429
       _Isic_224 |   .3748204   .8665332     0.43   0.665    -1.323553    2.073194
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1656107   .6586469     0.25   0.801    -1.125313    1.456535
       _Isic_229 |  -.2653852    .718872    -0.37   0.712    -1.674348    1.143578
       _Isic_232 |  -.0577781   .7339674    -0.08   0.937    -1.496328    1.380772
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .5497076    .702435     0.78   0.434    -.8270398    1.926455
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.814325   .8649271     2.10   0.036      .119099    3.509551
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .4229584   .5339989     0.79   0.428    -.6236602    1.469577
       _Isic_265 |  -.2950657   .6081433    -0.49   0.628    -1.487005    .8968733
       _Isic_267 |  -.4016095   .6598981    -0.61   0.543    -1.694986    .8917669
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |   .7040927   .8018915     0.88   0.380    -.8675857    2.275771
       _Isic_274 |    1.84869   1.042572     1.77   0.076    -.1947129    3.892093
       _Isic_275 |  -.2622638   .5699606    -0.46   0.645    -1.379366    .8548385
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.728146   .9845368     1.76   0.079    -.2015104    3.657803
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -.8491377   .6611932    -1.28   0.199    -2.145053    .4467771
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.233766   .7244002    -1.70   0.089    -2.653564    .1860327
       _Isic_286 |   -.191328   .6928553    -0.28   0.782    -1.549299    1.166643
       _Isic_287 |  -.2434899    .680118    -0.36   0.720    -1.576497    1.089517
       _Isic_289 |   .2444603   .5676967     0.43   0.667    -.8682049    1.357125
       _Isic_299 |     .23734   .7885965     0.30   0.763    -1.308281    1.782961
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |   .5385835   .6215129     0.87   0.386    -.6795595    1.756726
       _Isic_308 |   .0624786   .5003923     0.12   0.901    -.9182723     1.04323
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |   .1671103   .9233187     0.18   0.856    -1.642561    1.976782
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |   .4467623   .7813777     0.57   0.567     -1.08471    1.978234
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.2559089   .6364005    -0.40   0.688    -1.503231    .9914133
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.4540428    .678538    -0.67   0.503    -1.783953    .8758673
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .8266385     .96456     0.86   0.391    -1.063864    2.717141
       _Isic_343 |          0  (omitted)
       _Isic_344 |   .1508344   .6150316     0.25   0.806    -1.054605    1.356274
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.202212   1.149709     5.39   0.000     3.948823      8.4556
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.4185777   .5044545    -0.83   0.407     -1.40729    .5701349
       _Isic_351 |          0  (omitted)
       _Isic_352 |    .270134   .7521115     0.36   0.719    -1.203977    1.744245
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -.7702071     .71817    -1.07   0.284    -2.177794    .6373803
       _Isic_355 |  -.2585054   .5206569    -0.50   0.620    -1.278974    .7619635
       _Isic_356 |  -.3929635   .5057034    -0.78   0.437    -1.384124     .598197
       _Isic_357 |  -.3726963     .85513    -0.44   0.663     -2.04872    1.303328
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |   -.158355   .5110193    -0.31   0.757    -1.159934    .8432244
       _Isic_363 |  -.4296353   .7915552    -0.54   0.587    -1.981055    1.121784
       _Isic_364 |  -.4969413   .6289967    -0.79   0.429    -1.729752    .7358696
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .7005418   .5657545     1.24   0.216    -.4083167      1.8094
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.3878703   .6358897    -0.61   0.542    -1.634191    .8584507
       _Isic_371 |  -1.089396   .5849453    -1.86   0.063    -2.235868    .0570759
       _Isic_372 |  -.2698039   .8346902    -0.32   0.747    -1.905766    1.366159
       _Isic_373 |          0  (omitted)
       _Isic_374 |   .0804482   .7191606     0.11   0.911    -1.329081    1.489977
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |   .0403674   .6368799     0.06   0.949    -1.207894    1.288629
       _Isic_382 |          0  (omitted)
       _Isic_384 |   .0958995   .6079917     0.16   0.875    -1.095742    1.287541
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.2759455   .8232933    -0.34   0.737    -1.889571     1.33768
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .7968816   .8203853     0.97   0.331    -.8110441    2.404807
           _cons |   .5942068   1.176809     0.50   0.614    -1.712297    2.900711
----------------------------------------------------------------------------------
Note: 8 failures and 0 successes completely determined.
(est1 stored)

. eststo:xi:probit pace  w_workstation lpcemp lpcempm ldegree_t* $collapse $firm $noise_a cc* i.sic  , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood =  -196.2555  
Iteration 2:   log pseudolikelihood = -189.90922  
Iteration 3:   log pseudolikelihood = -189.58798  
Iteration 4:   log pseudolikelihood = -189.54345  
Iteration 5:   log pseudolikelihood = -189.53818  
Iteration 6:   log pseudolikelihood = -189.53721  
Iteration 7:   log pseudolikelihood = -189.53702  
Iteration 8:   log pseudolikelihood = -189.53698  
Iteration 9:   log pseudolikelihood = -189.53697  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(108)  =    3459.14
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -189.53697                 Pseudo R2       =     0.3076

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .8932698     .41774     2.14   0.032     .0745145    1.712025
          lpcemp |   .1382068   .1226833     1.13   0.260     -.102248    .3786616
         lpcempm |   14.39879   11.99635     1.20   0.230    -9.113627     37.9112
       ldegree_t |   .2899341   .0952833     3.04   0.002     .1031823    .4766859
   ldegree_tmiss |   .5836181   .3264358     1.79   0.074    -.0561843    1.223421
        _Inobs_2 |  -4.853322    .897339    -5.41   0.000    -6.612074    -3.09457
        _Inobs_3 |  -.6071806   .6553792    -0.93   0.354      -1.8917     .677339
        _Inobs_4 |  -1.047323   .5701262    -1.84   0.066     -2.16475    .0701039
        _Inobs_5 |   .0731772   .4254617     0.17   0.863    -.7607124    .9070668
        _Inobs_6 |   -.129983   .3725568    -0.35   0.727    -.8601808    .6002149
        _Inobs_7 |   .0102662   .5186846     0.02   0.984    -1.006337    1.026869
            ln_N |   .0320046   .0962285     0.33   0.739    -.1565997    .2206089
       ln_N_miss |   3.485386   10.06281     0.35   0.729    -16.23736    23.20814
           share |  -.0258925   .1268715    -0.20   0.838    -.2745561    .2227711
       sharemiss |  -2.622453   12.50526    -0.21   0.834    -27.13232    21.88741
           MNE_f |    .316769   .2172639     1.46   0.145    -.1090604    .7425983
           MNE_d |   .1788622   .2109597     0.85   0.397    -.2346112    .5923356
          onsite |  -.0478499    .158137    -0.30   0.762    -.3577928    .2620929
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.6645254   .7884859    -0.84   0.399    -2.209929    .8808786
             aa4 |          0  (omitted)
             aa5 |  -1.799187   .5846828    -3.08   0.002    -2.945144   -.6532295
             aa6 |    -1.2917   .6260338    -2.06   0.039    -2.518703   -.0646959
             aa7 |          0  (omitted)
             aa8 |  -1.932887   .6154116    -3.14   0.002    -3.139071   -.7267021
             aa9 |          0  (omitted)
            aa10 |   .3588263   .5873162     0.61   0.541    -.7922924    1.509945
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |   -2.06449   .6311349    -3.27   0.001    -3.301492   -.8274884
            aa15 |  -1.093177   .9076057    -1.20   0.228    -2.872051    .6856977
            aa16 |  -1.805531    .594108    -3.04   0.002    -2.969961   -.6411004
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8389791   .6402313    -1.31   0.190    -2.093809    .4158512
            aa20 |          0  (omitted)
            aa21 |  -.2176074   .7915256    -0.27   0.783    -1.768969    1.333754
            aa22 |          0  (omitted)
            aa23 |  -2.751079   .6628013    -4.15   0.000    -4.050146   -1.452013
            aa24 |          0  (omitted)
            aa25 |  -4.897266   .9928113    -4.93   0.000     -6.84314   -2.951391
            aa26 |   -2.49002   .7515076    -3.31   0.001    -3.962948   -1.017092
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |   -1.93976   .6875209    -2.82   0.005    -3.287276   -.5922439
            aa32 |  -.3098248   .6261076    -0.49   0.621    -1.536973    .9173235
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.576976   .5242098    -3.01   0.003    -2.604408   -.5495438
            aa36 |   5.946794   .6910406     8.61   0.000     4.592379    7.301209
            aa37 |          0  (omitted)
            aa38 |  -1.110561   .8121974    -1.37   0.172    -2.702439    .4813165
            aa39 |   -2.10484   .6356263    -3.31   0.001    -3.350645   -.8590354
            aa40 |   .6553635   .7876863     0.83   0.405    -.8884733      2.1992
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0795481   .0590227    -1.35   0.178    -.1952305    .0361343
 reliabilitymiss |   -7.65804   6.549671    -1.17   0.242    -20.49516    5.179079
             dd1 |  -.0513209   .4242498    -0.12   0.904    -.8828352    .7801934
             dd2 |  -.4227833   .3089653    -1.37   0.171    -1.028344    .1827776
             dd3 |  -.4208844   .3089669    -1.36   0.173    -1.026448    .1846796
             dd4 |  -.3127867   .2965629    -1.05   0.292    -.8940393     .268466
             dd5 |  -.4217901   .2631929    -1.60   0.109    -.9376387    .0940586
             dd6 |  -.8737799   .3182083    -2.75   0.006    -1.497457   -.2501031
             dd7 |   .4678621   .5084839     0.92   0.358    -.5287481    1.464472
             dd8 |          0  (omitted)
    i_comptenure |    .001463   .0067712     0.22   0.829    -.0118083    .0147343
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0858845   .0922972    -0.93   0.352    -.2667836    .0950147
 i_senioritymiss |  -9.170917   9.418648    -0.97   0.330    -27.63113    9.289293
        duration |  -.0020583   .0066943    -0.31   0.758    -.0151789    .0110622
    durationmiss |  -.4482086   1.310419    -0.34   0.732    -3.016582    2.120165
           cc_cn |          0  (omitted)
           cc_fr |   .1609511   .7950233     0.20   0.840    -1.397266    1.719168
           cc_ge |     .71544   .5657914     1.26   0.206    -.3934908    1.824371
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.154792   1.021217     4.07   0.000     2.153243     6.15634
           cc_jp |          0  (omitted)
           cc_po |  -6.316855   .8899422    -7.10   0.000     -8.06111   -4.572601
           cc_pt |          0  (omitted)
           cc_sw |   1.765863   .5658776     3.12   0.002     .6567637    2.874963
           cc_uk |   .2242574   .3544883     0.63   0.527    -.4705269    .9190417
       _Isic_202 |  -.2932183   .6402003    -0.46   0.647    -1.547988    .9615512
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0685572   .6611858     0.10   0.917    -1.227343    1.364458
       _Isic_206 |   -.114405   .8615447    -0.13   0.894    -1.803002    1.574192
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .9126164   .9582324     0.95   0.341    -.9654845    2.790717
       _Isic_224 |   .2929587   .8243282     0.36   0.722    -1.322695    1.908612
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1469156    .660736     0.22   0.824    -1.148103    1.441934
       _Isic_229 |  -.6471165   .7301854    -0.89   0.375    -2.078254    .7840207
       _Isic_232 |  -.1991833   .7590376    -0.26   0.793     -1.68687    1.288503
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |    .559403   .6954053     0.80   0.421    -.8035663    1.922372
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.353864   .9767187     1.39   0.166    -.5604691    3.268198
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .2158064   .5289157     0.41   0.683    -.8208494    1.252462
       _Isic_265 |   -.553013   .6186282    -0.89   0.371    -1.765502     .659476
       _Isic_267 |  -.7822606   .6484722    -1.21   0.228    -2.053243    .4887215
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.1270698   .8147123    -0.16   0.876    -1.723877    1.469737
       _Isic_274 |   2.176731   .9948612     2.19   0.029     .2268391    4.126623
       _Isic_275 |  -.3962576   .5533676    -0.72   0.474    -1.480838    .6883229
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.718963   1.009076     1.70   0.088    -.2587899    3.696715
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.240023   .7167487    -1.73   0.084    -2.644824    .1647787
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.415039   .7023804    -2.01   0.044    -2.791679   -.0383985
       _Isic_286 |  -.7537695   .6903728    -1.09   0.275    -2.106875    .5993363
       _Isic_287 |  -.4895483   .6729311    -0.73   0.467    -1.808469    .8293724
       _Isic_289 |  -.2714156   .5774078    -0.47   0.638    -1.403114    .8602829
       _Isic_299 |  -.2900809   .7703807    -0.38   0.707    -1.799999    1.219837
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |   .1183907   .6381996     0.19   0.853    -1.132457    1.369239
       _Isic_308 |  -.2476902   .5023672    -0.49   0.622    -1.232312    .7369313
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.1166872   .9748884    -0.12   0.905    -2.027433    1.794059
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.0049015   .7882975    -0.01   0.995    -1.549936    1.540133
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.4408926   .6240233    -0.71   0.480    -1.663956    .7821706
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.5217433   .6673544    -0.78   0.434    -1.829734    .7862473
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .3340379   .9220704     0.36   0.717    -1.473187    2.141263
       _Isic_343 |          0  (omitted)
       _Isic_344 |   .0269252   .5973446     0.05   0.964    -1.143849    1.197699
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.558246   1.098065     5.97   0.000     4.406079    8.710413
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.7365306   .5058102    -1.46   0.145      -1.7279    .2548392
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.1612432   .7671832    -0.21   0.834    -1.664895    1.342408
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.181848   .7234013    -1.63   0.102    -2.599689    .2359922
       _Isic_355 |  -.6786473   .5326896    -1.27   0.203      -1.7227    .3654051
       _Isic_356 |  -.6288393   .5159282    -1.22   0.223     -1.64004    .3823614
       _Isic_357 |  -.6568774   .8204275    -0.80   0.423    -2.264886    .9511309
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.5185743   .5259434    -0.99   0.324    -1.549404    .5122559
       _Isic_363 |  -.9176991   .7956331    -1.15   0.249    -2.477111    .6417132
       _Isic_364 |   -.853244   .6307011    -1.35   0.176    -2.089395    .3829075
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .1867738   .5847216     0.32   0.749    -.9592596    1.332807
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.7716086   .6202922    -1.24   0.214    -1.987359    .4441416
       _Isic_371 |  -1.250237   .5998018    -2.08   0.037    -2.425827    -.074647
       _Isic_372 |  -.8553048   .8959481    -0.95   0.340    -2.611331    .9007212
       _Isic_373 |          0  (omitted)
       _Isic_374 |  -.3279556   .8218978    -0.40   0.690    -1.938846    1.282934
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.5230949   .6928121    -0.76   0.450    -1.880982    .8347918
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.5505525   .6523481    -0.84   0.399    -1.829131    .7280263
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.5766641   .8461894    -0.68   0.496    -2.235165    1.081837
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .5355476     .77938     0.69   0.492    -.9920092    2.063104
           _cons |   .6455966   1.160648     0.56   0.578    -1.629232    2.920425
----------------------------------------------------------------------------------
Note: 8 failures and 0 successes completely determined.
(est2 stored)

. eststo:xi:probit pace  w_net  nobs $collapse $firm $noise_a cc* i.sic if w_workstation!=., cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Inobs_7 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -201.85816  
Iteration 2:   log pseudolikelihood = -196.66689  
Iteration 3:   log pseudolikelihood = -196.37551  
Iteration 4:   log pseudolikelihood = -196.33352  
Iteration 5:   log pseudolikelihood = -196.32575  
Iteration 6:   log pseudolikelihood = -196.32426  
Iteration 7:   log pseudolikelihood = -196.32403  
Iteration 8:   log pseudolikelihood =   -196.324  
Iteration 9:   log pseudolikelihood = -196.32399  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(104)  =    3173.84
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -196.32399                 Pseudo R2       =     0.2828

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |  -.2686669   .2136189    -1.26   0.209    -.6873522    .1500184
            nobs |   .0098271   .0890856     0.11   0.912    -.1647775    .1844318
        _Inobs_2 |  -4.800815    .970914    -4.94   0.000    -6.703771   -2.897858
        _Inobs_3 |  -.9165302   .6314011    -1.45   0.147    -2.154054    .3209931
        _Inobs_4 |  -1.133223   .5224608    -2.17   0.030    -2.157228   -.1092188
        _Inobs_5 |  -.0265147   .3414123    -0.08   0.938    -.6956705    .6426411
        _Inobs_6 |  -.2598258   .3233511    -0.80   0.422    -.8935822    .3739307
        _Inobs_7 |          0  (omitted)
            ln_N |    .052978   .0947834     0.56   0.576    -.1327941      .23875
       ln_N_miss |   5.558392   9.927698     0.56   0.576    -13.89954    25.01632
           share |  -.0273032    .122988    -0.22   0.824    -.2683552    .2137488
       sharemiss |  -2.700796   12.10682    -0.22   0.823    -26.42972    21.02813
           MNE_f |   .4314806   .2085949     2.07   0.039     .0226422    .8403191
           MNE_d |   .2518379   .2047963     1.23   0.219    -.1495555    .6532312
          onsite |  -.0853798   .1559336    -0.55   0.584     -.391004    .2202444
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.8223094    .791254    -1.04   0.299    -2.373139      .72852
             aa4 |          0  (omitted)
             aa5 |  -1.428609   .5898428    -2.42   0.015     -2.58468   -.2725385
             aa6 |  -.8295205   .5733602    -1.45   0.148    -1.953286    .2942448
             aa7 |          0  (omitted)
             aa8 |  -1.859074   .6049108    -3.07   0.002    -3.044677   -.6734703
             aa9 |          0  (omitted)
            aa10 |   .3284729    .574286     0.57   0.567    -.7971069    1.454053
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -1.706468   .5934014    -2.88   0.004    -2.869513   -.5434225
            aa15 |  -.8632655   .8895685    -0.97   0.332    -2.606788    .8802567
            aa16 |  -1.635336   .5534515    -2.95   0.003    -2.720081   -.5505905
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8755162   .6238142    -1.40   0.160    -2.098169    .3471372
            aa20 |          0  (omitted)
            aa21 |  -.3146604   .8320286    -0.38   0.705    -1.945406    1.316086
            aa22 |          0  (omitted)
            aa23 |  -2.224264   .6021668    -3.69   0.000    -3.404489   -1.044038
            aa24 |          0  (omitted)
            aa25 |  -4.746984   .9127599    -5.20   0.000     -6.53596   -2.958008
            aa26 |  -2.044834   .6953964    -2.94   0.003    -3.407786   -.6818822
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.673955    .680824    -2.46   0.014    -3.008345   -.3395645
            aa32 |   -.140309   .5921407    -0.24   0.813    -1.300883    1.020265
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.407969    .500163    -2.82   0.005    -2.388271   -.4276675
            aa36 |   5.669316   .6807539     8.33   0.000     4.335063    7.003569
            aa37 |          0  (omitted)
            aa38 |  -.9469431    .789076    -1.20   0.230    -2.493504    .5996174
            aa39 |  -1.796828   .6138151    -2.93   0.003    -2.999883   -.5937722
            aa40 |    .916584   .7634959     1.20   0.230    -.5798405    2.413008
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0551782   .0569776    -0.97   0.333    -.1668523    .0564959
 reliabilitymiss |   -4.96278   6.326592    -0.78   0.433    -17.36267    7.437111
             dd1 |  -.0907508   .4276841    -0.21   0.832    -.9289961    .7474946
             dd2 |  -.2806237   .3017956    -0.93   0.352    -.8721322    .3108847
             dd3 |   -.334585   .3053208    -1.10   0.273    -.9330028    .2638327
             dd4 |  -.3145081   .2861376    -1.10   0.272    -.8753274    .2463112
             dd5 |  -.3498913   .2519633    -1.39   0.165    -.8437303    .1439477
             dd6 |  -.7210108   .2999163    -2.40   0.016    -1.308836   -.1331857
             dd7 |   .3600981    .492761     0.73   0.465    -.6056958    1.325892
             dd8 |          0  (omitted)
    i_comptenure |   .0055399   .0065219     0.85   0.396    -.0072427    .0183226
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0258493   .0907453    -0.28   0.776    -.2037069    .1520083
 i_senioritymiss |  -2.761776   9.275692    -0.30   0.766     -20.9418    15.41825
        duration |  -.0004337   .0068128    -0.06   0.949    -.0137864    .0129191
    durationmiss |  -.6437439   1.350846    -0.48   0.634    -3.291354    2.003866
           cc_cn |          0  (omitted)
           cc_fr |  -.2444455   .7908606    -0.31   0.757    -1.794504    1.305613
           cc_ge |   .2827219   .5431573     0.52   0.603    -.7818469    1.347291
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.250265   .9385997     4.53   0.000     2.410643    6.089886
           cc_jp |          0  (omitted)
           cc_po |  -5.897918   .9590792    -6.15   0.000    -7.777679   -4.018157
           cc_pt |          0  (omitted)
           cc_sw |   1.327539   .5411789     2.45   0.014     .2668476     2.38823
           cc_uk |   .0558075   .3547448     0.16   0.875    -.6394794    .7510945
       _Isic_202 |  -.1000244   .6289947    -0.16   0.874    -1.332831    1.132783
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .2220681   .6538516     0.34   0.734    -1.059457    1.503594
       _Isic_206 |   .2223997   .7862475     0.28   0.777    -1.318617    1.763417
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .7651995   .9462426     0.81   0.419    -1.089402    2.619801
       _Isic_224 |   .2889301   .8562427     0.34   0.736    -1.389275    1.967135
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1706001   .6786318     0.25   0.802    -1.159494    1.500694
       _Isic_229 |  -.3608901   .7047731    -0.51   0.609     -1.74222     1.02044
       _Isic_232 |  -.1954352    .736378    -0.27   0.791    -1.638709    1.247839
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |    .500171   .7180398     0.70   0.486    -.9071612    1.907503
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.859946   .8665284     2.15   0.032     .1615819    3.558311
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .4036145   .5413247     0.75   0.456    -.6573624    1.464591
       _Isic_265 |  -.3433222   .6134574    -0.56   0.576    -1.545677    .8590322
       _Isic_267 |  -.4171027   .6665868    -0.63   0.531    -1.723589    .8893833
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |   .8625464   .7930794     1.09   0.277    -.6918606    2.416953
       _Isic_274 |   1.744056    1.04333     1.67   0.095    -.3008345    3.788946
       _Isic_275 |  -.3470466     .58013    -0.60   0.550     -1.48408    .7899873
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.707667   .9694111     1.76   0.078    -.1923442    3.607677
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -.8617248   .6625017    -1.30   0.193    -2.160204    .4367547
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |    -1.2795   .7342017    -1.74   0.081    -2.718509    .1595093
       _Isic_286 |  -.2292757   .6968499    -0.33   0.742    -1.595076    1.136525
       _Isic_287 |  -.2769927   .6754317    -0.41   0.682    -1.600815    1.046829
       _Isic_289 |   .1677458   .5583911     0.30   0.764    -.9266807    1.262172
       _Isic_299 |   .1923395   .7870818     0.24   0.807    -1.350312    1.734991
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |   .5255358   .6254236     0.84   0.401    -.7002719    1.751343
       _Isic_308 |   .0475935    .496077     0.10   0.924    -.9246995    1.019887
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |   .0788845   .8840194     0.09   0.929    -1.653762    1.811531
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |   .4194973   .7822598     0.54   0.592    -1.113704    1.952698
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.2934036   .6255577    -0.47   0.639    -1.519474    .9326669
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.5052726   .6723625    -0.75   0.452    -1.823079    .8125336
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .7592001   .9796612     0.77   0.438    -1.160901    2.679301
       _Isic_343 |          0  (omitted)
       _Isic_344 |    .090891   .6302978     0.14   0.885     -1.14447    1.326252
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.061874    1.19154     5.09   0.000     3.726498     8.39725
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.4936791   .5151777    -0.96   0.338    -1.503409    .5160507
       _Isic_351 |          0  (omitted)
       _Isic_352 |    .255396   .7388452     0.35   0.730    -1.192714    1.703506
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -.5988684   .7848987    -0.76   0.445    -2.137242    .9395048
       _Isic_355 |  -.2136898   .5177645    -0.41   0.680     -1.22849      .80111
       _Isic_356 |  -.4359859   .5120978    -0.85   0.395    -1.439679    .5677073
       _Isic_357 |  -.4218819   .8821636    -0.48   0.632    -2.150891    1.307127
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.1392145   .5362366    -0.26   0.795    -1.190219      .91179
       _Isic_363 |  -.4998702   .7745125    -0.65   0.519    -2.017887    1.018146
       _Isic_364 |  -.4563663   .6268756    -0.73   0.467     -1.68502    .7722873
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .6802838   .5928596     1.15   0.251    -.4816996    1.842267
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.3517028   .6475691    -0.54   0.587    -1.620915    .9175093
       _Isic_371 |  -1.086656   .6015964    -1.81   0.071    -2.265764     .092451
       _Isic_372 |  -.4532722   .8555289    -0.53   0.596    -2.130078    1.223534
       _Isic_373 |          0  (omitted)
       _Isic_374 |   .0905051   .7480212     0.12   0.904     -1.37559      1.5566
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |   .1511136   .6080836     0.25   0.804    -1.040708    1.342936
       _Isic_382 |          0  (omitted)
       _Isic_384 |   .2541398   .6037306     0.42   0.674    -.9291504     1.43743
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.3122504   .8060147    -0.39   0.698     -1.89201    1.267509
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .7729189   .8345271     0.93   0.354    -.8627242    2.408562
           _cons |   .4103904   1.212098     0.34   0.735    -1.965278    2.786059
----------------------------------------------------------------------------------
Note: 9 failures and 0 successes completely determined.
(est3 stored)

. eststo:xi:probit pace  w_net nobs  lpcemp lpcempm  ldegree_t* $collapse $firm $noise_a cc* i.sic  if w_workstation!=. ,cluster(compa
> ny_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Inobs_7 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -197.11321  
Iteration 2:   log pseudolikelihood = -190.75431  
Iteration 3:   log pseudolikelihood = -190.41942  
Iteration 4:   log pseudolikelihood = -190.37337  
Iteration 5:   log pseudolikelihood =   -190.368  
Iteration 6:   log pseudolikelihood = -190.36701  
Iteration 7:   log pseudolikelihood = -190.36681  
Iteration 8:   log pseudolikelihood = -190.36677  
Iteration 9:   log pseudolikelihood = -190.36676  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(108)  =    3447.23
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -190.36676                 Pseudo R2       =     0.3045

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |  -.3524554   .2243551    -1.57   0.116    -.7921833    .0872725
            nobs |   .0373482   .0884304     0.42   0.673    -.1359723    .2106687
          lpcemp |   .1760515   .1248601     1.41   0.159    -.0686698    .4207729
         lpcempm |   18.10381   12.21149     1.48   0.138    -5.830261    42.03788
       ldegree_t |   .2951757     .09429     3.13   0.002     .1103706    .4799808
   ldegree_tmiss |   .5711957   .3247778     1.76   0.079    -.0653571    1.207748
        _Inobs_2 |  -4.776172   .9027944    -5.29   0.000    -6.545616   -3.006727
        _Inobs_3 |  -.6751705   .6232755    -1.08   0.279    -1.896768     .546427
        _Inobs_4 |  -1.059227   .5037345    -2.10   0.035    -2.046528   -.0719253
        _Inobs_5 |   .0973602    .344027     0.28   0.777    -.5769205    .7716408
        _Inobs_6 |   -.135004   .3242445    -0.42   0.677    -.7705116    .5005036
        _Inobs_7 |          0  (omitted)
            ln_N |   .0531595   .0960088     0.55   0.580    -.1350142    .2413332
       ln_N_miss |    5.66586   10.04817     0.56   0.573    -14.02819    25.35991
           share |  -.0065248   .1272613    -0.05   0.959    -.2559524    .2429028
       sharemiss |  -.7278732   12.54559    -0.06   0.954    -25.31677    23.86103
           MNE_f |   .3607848    .221433     1.63   0.103    -.0732159    .7947855
           MNE_d |   .2285421   .2135584     1.07   0.285    -.1900247     .647109
          onsite |    -.02999   .1580171    -0.19   0.849    -.3396979    .2797179
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.7442214   .7750548    -0.96   0.337    -2.263301    .7748582
             aa4 |          0  (omitted)
             aa5 |  -1.756795   .5746195    -3.06   0.002    -2.883028   -.6305613
             aa6 |  -1.276087   .6334538    -2.01   0.044    -2.517634   -.0345404
             aa7 |          0  (omitted)
             aa8 |  -1.816963   .6066253    -3.00   0.003    -3.005926   -.6279989
             aa9 |          0  (omitted)
            aa10 |   .4740324   .5779492     0.82   0.412    -.6587272    1.606792
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.030546   .6182654    -3.28   0.001    -3.242324   -.8187685
            aa15 |  -1.034035   .9139912    -1.13   0.258    -2.825425    .7573548
            aa16 |  -1.796663   .5789865    -3.10   0.002    -2.931456   -.6618706
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.7589537   .6333923    -1.20   0.231     -2.00038    .4824724
            aa20 |          0  (omitted)
            aa21 |   -.097841    .778899    -0.13   0.900    -1.624455    1.428773
            aa22 |          0  (omitted)
            aa23 |  -2.668977   .6540399    -4.08   0.000    -3.950871   -1.387082
            aa24 |          0  (omitted)
            aa25 |  -4.931732   .9455352    -5.22   0.000    -6.784946   -3.078517
            aa26 |  -2.411552   .7583341    -3.18   0.001     -3.89786   -.9252445
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |   -1.95686   .6807021    -2.87   0.004    -3.291011   -.6227081
            aa32 |  -.2022687   .6025802    -0.34   0.737    -1.383304    .9787667
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.560005   .5097915    -3.06   0.002    -2.559177   -.5608317
            aa36 |   5.702592   .7050444     8.09   0.000     4.320731    7.084454
            aa37 |          0  (omitted)
            aa38 |  -1.149896   .8012129    -1.44   0.151    -2.720244    .4204527
            aa39 |  -2.088303    .628944    -3.32   0.001    -3.321011   -.8555955
            aa40 |   .6269952   .7782944     0.81   0.420    -.8984338    2.152424
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0863247   .0582081    -1.48   0.138    -.2004104     .027761
 reliabilitymiss |  -8.117076   6.472306    -1.25   0.210    -20.80256    4.568411
             dd1 |  -.0598791   .4318045    -0.14   0.890    -.9062005    .7864422
             dd2 |  -.2996917   .3098574    -0.97   0.333     -.907001    .3076176
             dd3 |  -.3743535   .3077577    -1.22   0.224    -.9775474    .2288404
             dd4 |   -.311243   .2921274    -1.07   0.287    -.8838023    .2613162
             dd5 |  -.3502941   .2618772    -1.34   0.181     -.863564    .1629757
             dd6 |  -.8119604   .3145111    -2.58   0.010    -1.428391   -.1955299
             dd7 |   .4298828   .5050241     0.85   0.395    -.5599463    1.419712
             dd8 |          0  (omitted)
    i_comptenure |   .0032633   .0067065     0.49   0.627    -.0098812    .0164077
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0714645   .0930465    -0.77   0.442    -.2538323    .1109033
 i_senioritymiss |  -7.711365   9.494574    -0.81   0.417    -26.32039    10.89766
        duration |  -.0031508   .0068784    -0.46   0.647    -.0166322    .0103305
    durationmiss |  -.8773649   1.340616    -0.65   0.513    -3.504924    1.750195
           cc_cn |          0  (omitted)
           cc_fr |   .1071567   .7987452     0.13   0.893    -1.458355    1.672669
           cc_ge |   .7062712   .5640914     1.25   0.211    -.3993276     1.81187
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.257225   .9858163     4.32   0.000      2.32506    6.189389
           cc_jp |          0  (omitted)
           cc_po |  -5.946868   .9349063    -6.36   0.000     -7.77925   -4.114485
           cc_pt |          0  (omitted)
           cc_sw |   1.831766   .5845062     3.13   0.002     .6861546    2.977377
           cc_uk |   .3515575   .3636955     0.97   0.334    -.3612726    1.064388
       _Isic_202 |   -.315786   .6338616    -0.50   0.618    -1.558132    .9265598
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0764145   .6709812     0.11   0.909    -1.238685    1.391514
       _Isic_206 |  -.1667631   .8573024    -0.19   0.846    -1.847045    1.513519
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .8674675   .9784678     0.89   0.375    -1.050294    2.785229
       _Isic_224 |   .1966842    .818319     0.24   0.810    -1.407192     1.80056
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1640027   .6736758     0.24   0.808    -1.156378    1.484383
       _Isic_229 |  -.8101519   .7174591    -1.13   0.259    -2.216346    .5960422
       _Isic_232 |  -.3888521   .7686419    -0.51   0.613    -1.895363    1.117658
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .4630942    .717168     0.65   0.518    -.9425292    1.868718
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.364792   .9843556     1.39   0.166    -.5645097    3.294093
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .1710039   .5354668     0.32   0.749    -.8784917      1.2205
       _Isic_265 |  -.6414916   .6246099    -1.03   0.304    -1.865704    .5827213
       _Isic_267 |  -.8355233   .6527289    -1.28   0.201    -2.114848    .4438019
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.0281253   .7948548    -0.04   0.972    -1.586012    1.529761
       _Isic_274 |   2.014006    1.01178     1.99   0.047     .0309538    3.997058
       _Isic_275 |  -.5269861   .5662273    -0.93   0.352    -1.636771    .5827991
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.692511   .9965739     1.70   0.089    -.2607379     3.64576
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.298849   .7190878    -1.81   0.071    -2.708235    .1105377
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.508405   .7156674    -2.11   0.035    -2.911088   -.1057229
       _Isic_286 |  -.8679125   .7054489    -1.23   0.219    -2.250567     .514742
       _Isic_287 |  -.5789289   .6702863    -0.86   0.388    -1.892666    .7348081
       _Isic_289 |  -.4359611   .5738657    -0.76   0.447    -1.560717    .6887949
       _Isic_299 |   -.390462   .7632981    -0.51   0.609    -1.886499    1.105575
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |    .051949   .6408299     0.08   0.935    -1.204055    1.307952
       _Isic_308 |  -.3131616   .5004527    -0.63   0.531    -1.294031    .6677076
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.2493934   .9259482    -0.27   0.788    -2.064218    1.565432
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.1128942   .8043181    -0.14   0.888    -1.689329     1.46354
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |   -.509375   .6148517    -0.83   0.407    -1.714462    .6957122
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.5947544   .6644502    -0.90   0.371    -1.897053    .7075441
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .2299353    .939819     0.24   0.807    -1.612076    2.071947
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.0590293   .6137537    -0.10   0.923    -1.261965    1.143906
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.437403   1.131232     5.69   0.000     4.220229    8.654577
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.8664054   .5226906    -1.66   0.097     -1.89086    .1580493
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.2216202   .7422461    -0.30   0.765    -1.676396    1.233155
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.112658   .8067449    -1.38   0.168    -2.693849    .4685326
       _Isic_355 |  -.6842333   .5337775    -1.28   0.200    -1.730418    .3619514
       _Isic_356 |  -.7098193   .5225259    -1.36   0.174    -1.733951    .3143127
       _Isic_357 |  -.7507713   .8589979    -0.87   0.382    -2.434376    .9328336
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.5824221   .5554788    -1.05   0.294    -1.671141    .5062964
       _Isic_363 |  -1.035432   .7759802    -1.33   0.182    -2.556325    .4854613
       _Isic_364 |  -.8555372   .6379216    -1.34   0.180    -2.105841    .3947663
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .1044516    .612251     0.17   0.865    -1.095538    1.304442
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.7823186   .6305792    -1.24   0.215    -2.018231    .4535939
       _Isic_371 |   -1.28813   .6238869    -2.06   0.039    -2.510926   -.0653344
       _Isic_372 |  -1.119472   .9301155    -1.20   0.229    -2.942465    .7035205
       _Isic_373 |          0  (omitted)
       _Isic_374 |  -.3499397   .8484725    -0.41   0.680    -2.012915    1.313036
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.5209588   .6886345    -0.76   0.449    -1.870658    .8287399
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.4601319   .6404937    -0.72   0.473    -1.715476    .7952127
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.6535879   .8179922    -0.80   0.424    -2.256823    .9496473
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .4744133   .7876549     0.60   0.547    -1.069362    2.018189
           _cons |   .4547201   1.190738     0.38   0.703    -1.879084    2.788525
----------------------------------------------------------------------------------
Note: 9 failures and 0 successes completely determined.
(est4 stored)

. eststo:xi:probit pace  w_net  nobs  w_workstation  $collapse $firm $noise_a cc* i.sic  , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Inobs_7 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -200.12082  
Iteration 2:   log pseudolikelihood = -194.57702  
Iteration 3:   log pseudolikelihood = -194.27361  
Iteration 4:   log pseudolikelihood =  -194.2325  
Iteration 5:   log pseudolikelihood = -194.22715  
Iteration 6:   log pseudolikelihood = -194.22616  
Iteration 7:   log pseudolikelihood = -194.22597  
Iteration 8:   log pseudolikelihood = -194.22593  
Iteration 9:   log pseudolikelihood = -194.22593  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(105)  =    3314.26
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -194.22593                 Pseudo R2       =     0.2904

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |  -.2849467   .2155066    -1.32   0.186    -.7073319    .1374385
            nobs |  -.0061112   .0895312    -0.07   0.946    -.1815892    .1693668
   w_workstation |   .9473974   .4143486     2.29   0.022      .135289    1.759506
        _Inobs_2 |  -4.922759   .9553591    -5.15   0.000    -6.795228    -3.05029
        _Inobs_3 |  -.9567655   .6323892    -1.51   0.130    -2.196226    .2826946
        _Inobs_4 |  -1.113857   .5247062    -2.12   0.034    -2.142262   -.0854515
        _Inobs_5 |  -.0480983   .3397892    -0.14   0.887    -.7140729    .6178763
        _Inobs_6 |  -.2641245   .3231622    -0.82   0.414    -.8975109    .3692619
        _Inobs_7 |          0  (omitted)
            ln_N |   .0408795   .0956382     0.43   0.669    -.1465678    .2283269
       ln_N_miss |   4.241037   10.01805     0.42   0.672    -15.39398    23.87605
           share |  -.0465406   .1228189    -0.38   0.705    -.2872613    .1941801
       sharemiss |  -4.564457   12.09056    -0.38   0.706    -28.26152    19.13261
           MNE_f |   .4067198    .208614     1.95   0.051    -.0021562    .8155957
           MNE_d |   .2302306   .2052699     1.12   0.262     -.172091    .6325521
          onsite |  -.0880715   .1567446    -0.56   0.574    -.3952852    .2191423
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.7828202   .7913488    -0.99   0.323    -2.333835    .7681948
             aa4 |          0  (omitted)
             aa5 |   -1.41137   .5830401    -2.42   0.015    -2.554108   -.2686325
             aa6 |  -.8410854   .5694891    -1.48   0.140    -1.957264    .2750927
             aa7 |          0  (omitted)
             aa8 |  -2.029844   .6105334    -3.32   0.001    -3.226467   -.8332202
             aa9 |          0  (omitted)
            aa10 |   .3032269   .5745552     0.53   0.598    -.8228806    1.429334
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -1.730498   .5949156    -2.91   0.004    -2.896511   -.5644848
            aa15 |  -.8412881    .887226    -0.95   0.343    -2.580219     .897643
            aa16 |  -1.679441   .5647736    -2.97   0.003    -2.786377   -.5725047
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.9698514   .6283636    -1.54   0.123    -2.201421    .2617187
            aa20 |          0  (omitted)
            aa21 |  -.3036461   .8269702    -0.37   0.713    -1.924478    1.317186
            aa22 |          0  (omitted)
            aa23 |  -2.278901   .6038251    -3.77   0.000    -3.462377   -1.095426
            aa24 |          0  (omitted)
            aa25 |  -4.680813   .9844827    -4.75   0.000    -6.610364   -2.751263
            aa26 |  -2.167337   .7024431    -3.09   0.002      -3.5441   -.7905736
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.639156   .6775811    -2.42   0.016    -2.967191   -.3111216
            aa32 |  -.2263758   .6104253    -0.37   0.711    -1.422787    .9700358
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.489422   .5047804    -2.95   0.003    -2.478774    -.500071
            aa36 |    5.66839   .6826187     8.30   0.000     4.330481    7.006298
            aa37 |          0  (omitted)
            aa38 |  -.9218479   .7908377    -1.17   0.244    -2.471861    .6281655
            aa39 |  -1.788257   .6139273    -2.91   0.004    -2.991533   -.5849821
            aa40 |   .9504367   .7584227     1.25   0.210    -.5360444    2.436918
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0467538   .0582663    -0.80   0.422    -.1609537    .0674462
 reliabilitymiss |  -4.164127   6.464829    -0.64   0.519    -16.83496    8.506705
             dd1 |  -.0619463   .4268282    -0.15   0.885    -.8985142    .7746215
             dd2 |  -.3300097   .3014761    -1.09   0.274     -.920892    .2608725
             dd3 |  -.3331706   .3076543    -1.08   0.279    -.9361619    .2698207
             dd4 |  -.2910538   .2889031    -1.01   0.314    -.8572935    .2751859
             dd5 |  -.3713052   .2555448    -1.45   0.146    -.8721638    .1295534
             dd6 |  -.7102166   .3048194    -2.33   0.020    -1.307652   -.1127815
             dd7 |   .4189157   .4979243     0.84   0.400     -.556998    1.394829
             dd8 |          0  (omitted)
    i_comptenure |   .0054135   .0065895     0.82   0.411    -.0075017    .0183288
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0393912    .090028    -0.44   0.662    -.2158429    .1370605
 i_senioritymiss |  -4.102671   9.198914    -0.45   0.656    -22.13221    13.92687
        duration |  -.0010678   .0068619    -0.16   0.876    -.0145169    .0123813
    durationmiss |  -.6101398   1.376788    -0.44   0.658    -3.308595    2.088316
           cc_cn |          0  (omitted)
           cc_fr |  -.2581494   .7954676    -0.32   0.746    -1.817237    1.300938
           cc_ge |   .2940876   .5518672     0.53   0.594    -.7875521    1.375727
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |    4.18619    1.01274     4.13   0.000     2.201257    6.171124
           cc_jp |          0  (omitted)
           cc_po |  -5.885425   .9624522    -6.12   0.000    -7.771797   -3.999054
           cc_pt |          0  (omitted)
           cc_sw |   1.359982   .5414409     2.51   0.012      .298777    2.421186
           cc_uk |   .0362325   .3621738     0.10   0.920    -.6736151    .7460801
       _Isic_202 |  -.0823935   .6346478    -0.13   0.897     -1.32628    1.161493
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .2013534   .6555122     0.31   0.759    -1.083427    1.486134
       _Isic_206 |   .2382604   .7917016     0.30   0.763    -1.313446    1.789967
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .7604311   .9541266     0.80   0.425    -1.109623    2.630485
       _Isic_224 |   .3630202   .8673638     0.42   0.676    -1.336982    2.063022
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .2023993   .6677569     0.30   0.762     -1.10638    1.511179
       _Isic_229 |  -.3614748    .712173    -0.51   0.612    -1.757308    1.034359
       _Isic_232 |    -.18976   .7399753    -0.26   0.798    -1.640085    1.260565
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .4903475   .7209783     0.68   0.496     -.922744    1.903439
       _Isic_252 |          0  (omitted)
       _Isic_254 |     1.8427   .8525371     2.16   0.031     .1717582    3.513642
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .4377544   .5425252     0.81   0.420    -.6255755    1.501084
       _Isic_265 |  -.3378031   .6128548    -0.55   0.581    -1.538976    .8633703
       _Isic_267 |  -.4555213   .6568341    -0.69   0.488    -1.742892    .8318498
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |   .6793092   .7923432     0.86   0.391    -.8736549    2.232273
       _Isic_274 |   1.780543   1.049178     1.70   0.090     -.275808    3.836893
       _Isic_275 |  -.3445463   .5839815    -0.59   0.555    -1.489129    .8000363
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.731476   .9815475     1.76   0.078    -.1923214    3.655274
       _Isic_281 |          0  (omitted)
       _Isic_282 |   -.834427   .6629077    -1.26   0.208    -2.133702    .4648482
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |    -1.3007   .7357199    -1.77   0.077    -2.742685    .1412841
       _Isic_286 |  -.1944683   .6961443    -0.28   0.780    -1.558886     1.16995
       _Isic_287 |  -.2745042   .6773799    -0.41   0.685    -1.602144    1.053136
       _Isic_289 |   .1832095   .5635726     0.33   0.745    -.9213724    1.287791
       _Isic_299 |   .2531197   .7880933     0.32   0.748    -1.291515    1.797754
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |   .4706203   .6293415     0.75   0.455    -.7628664    1.704107
       _Isic_308 |   .0210138   .5009459     0.04   0.967     -.960822     1.00285
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |   .1168064   .8987576     0.13   0.897    -1.644726    1.878339
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |   .3977134   .7852988     0.51   0.613    -1.141444    1.936871
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.2901696   .6249128    -0.46   0.642    -1.514976     .934637
       _Isic_332 |          0  (omitted)
       _Isic_333 |   -.494206   .6690099    -0.74   0.460    -1.805441    .8170294
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .7998257   .9938775     0.80   0.421    -1.148138     2.74779
       _Isic_343 |          0  (omitted)
       _Isic_344 |   .1081545   .6238887     0.17   0.862    -1.114645    1.330954
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.197972   1.177507     5.26   0.000     3.890101    8.505843
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.4748868   .5154989    -0.92   0.357    -1.485246    .5354724
       _Isic_351 |          0  (omitted)
       _Isic_352 |   .2762876   .7296074     0.38   0.705    -1.153717    1.706292
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -.8779465   .7288671    -1.20   0.228      -2.3065    .5506067
       _Isic_355 |  -.2950472   .5281111    -0.56   0.576    -1.330126    .7400315
       _Isic_356 |  -.4208284    .515753    -0.82   0.415    -1.431686    .5900289
       _Isic_357 |  -.4190885   .8941422    -0.47   0.639    -2.171575    1.333398
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.2578631   .5165754    -0.50   0.618    -1.270332    .7546062
       _Isic_363 |  -.4869808   .7740959    -0.63   0.529    -2.004181    1.030219
       _Isic_364 |  -.5342035    .633427    -0.84   0.399    -1.775698    .7072906
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .6235299   .5732682     1.09   0.277    -.5000551    1.747115
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.4578545   .6598271    -0.69   0.488    -1.751092     .835383
       _Isic_371 |  -1.104172   .5956198    -1.85   0.064    -2.271565    .0632217
       _Isic_372 |  -.4102249   .8577783    -0.48   0.632     -2.09144     1.27099
       _Isic_373 |          0  (omitted)
       _Isic_374 |   .0783879   .7406986     0.11   0.916    -1.373355    1.530131
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |   .0121005   .6440502     0.02   0.985    -1.250215    1.274416
       _Isic_382 |          0  (omitted)
       _Isic_384 |   .1207636   .6039719     0.20   0.842    -1.062999    1.304527
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.3517023    .797984    -0.44   0.659    -1.915722    1.212318
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .7540747   .8353177     0.90   0.367    -.8831179    2.391267
           _cons |   .5980425   1.208563     0.49   0.621    -1.770697    2.966782
----------------------------------------------------------------------------------
Note: 8 failures and 0 successes completely determined.
(est5 stored)

. eststo:xi:probit pace  w_net nobs  w_workstation lpcemp lpcempm  ldegree_t* $collapse $firm $noise_a cc* i.sic   , cluster(company_i
> d) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Inobs_7 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -195.64498  
Iteration 2:   log pseudolikelihood = -188.90308  
Iteration 3:   log pseudolikelihood = -188.56307  
Iteration 4:   log pseudolikelihood = -188.51687  
Iteration 5:   log pseudolikelihood = -188.51151  
Iteration 6:   log pseudolikelihood = -188.51051  
Iteration 7:   log pseudolikelihood = -188.51032  
Iteration 8:   log pseudolikelihood = -188.51027  
Iteration 9:   log pseudolikelihood = -188.51027  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(109)  =    3375.41
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -188.51027                 Pseudo R2       =     0.3113

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |  -.3673005   .2250462    -1.63   0.103    -.8083828    .0737819
            nobs |    .024459   .0895879     0.27   0.785    -.1511301    .2000482
   w_workstation |   .9151415   .4109449     2.23   0.026     .1097042    1.720579
          lpcemp |   .1814573    .125949     1.44   0.150    -.0653982    .4283128
         lpcempm |   18.67193   12.32244     1.52   0.130    -5.479609    42.82347
       ldegree_t |   .2886637   .0953992     3.03   0.002     .1016848    .4756426
   ldegree_tmiss |   .5926754   .3275677     1.81   0.070    -.0493454    1.234696
        _Inobs_2 |  -4.899586   .8939479    -5.48   0.000    -6.651692    -3.14748
        _Inobs_3 |   -.715893   .6256824    -1.14   0.253    -1.942208     .510422
        _Inobs_4 |  -1.032973   .5055824    -2.04   0.041    -2.023896   -.0420493
        _Inobs_5 |   .0864879   .3431282     0.25   0.801    -.5860311    .7590069
        _Inobs_6 |  -.1381649   .3234068    -0.43   0.669    -.7720305    .4957008
        _Inobs_7 |          0  (omitted)
            ln_N |   .0427568   .0962988     0.44   0.657    -.1459854    .2314989
       ln_N_miss |   4.513321   10.07933     0.45   0.654     -15.2418    24.26845
           share |  -.0225137   .1271344    -0.18   0.859    -.2716924    .2266651
       sharemiss |  -2.275997   12.53291    -0.18   0.856    -26.84004    22.28805
           MNE_f |   .3366559   .2214836     1.52   0.129     -.097444    .7707558
           MNE_d |   .2114736   .2133211     0.99   0.322    -.2066279    .6295752
          onsite |   -.031485   .1583639    -0.20   0.842    -.3418725    .2789025
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.7142878   .7848115    -0.91   0.363     -2.25249    .8239146
             aa4 |          0  (omitted)
             aa5 |  -1.740485   .5754691    -3.02   0.002    -2.868383   -.6125858
             aa6 |  -1.275187   .6292374    -2.03   0.043     -2.50847   -.0419048
             aa7 |          0  (omitted)
             aa8 |  -1.996168   .6145534    -3.25   0.001     -3.20067   -.7916652
             aa9 |          0  (omitted)
            aa10 |   .4317471    .582731     0.74   0.459    -.7103847    1.573879
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.056312   .6227506    -3.30   0.001    -3.276881   -.8357433
            aa15 |  -1.025407   .9152268    -1.12   0.263    -2.819218    .7684051
            aa16 |  -1.855179   .5965871    -3.11   0.002    -3.024468   -.6858894
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8711123     .63885    -1.36   0.173    -2.123235    .3810108
            aa20 |          0  (omitted)
            aa21 |  -.1024217    .778764    -0.13   0.895    -1.628771    1.423928
            aa22 |          0  (omitted)
            aa23 |  -2.710303   .6568625    -4.13   0.000     -3.99773   -1.422876
            aa24 |          0  (omitted)
            aa25 |  -4.867112   1.044003    -4.66   0.000    -6.913321   -2.820904
            aa26 |  -2.549569   .7581524    -3.36   0.001     -4.03552   -1.063617
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.914923   .6828972    -2.80   0.005    -3.253377   -.5764693
            aa32 |   -.274865   .6115279    -0.45   0.653    -1.473438    .9237077
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |   -1.64842    .519912    -3.17   0.002    -2.667429   -.6294113
            aa36 |    5.68832   .7078204     8.04   0.000     4.301017    7.075622
            aa37 |          0  (omitted)
            aa38 |  -1.136676   .8063297    -1.41   0.159    -2.717053    .4437013
            aa39 |  -2.084989   .6306873    -3.31   0.001    -3.321113   -.8488644
            aa40 |   .6599159   .7792403     0.85   0.397    -.8673671    2.187199
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0777361   .0593489    -1.31   0.190    -.1940579    .0385856
 reliabilitymiss |  -7.315452     6.5947    -1.11   0.267    -20.24083    5.609923
             dd1 |  -.0204066   .4270525    -0.05   0.962    -.8574142    .8166009
             dd2 |  -.3436895   .3079119    -1.12   0.264    -.9471857    .2598066
             dd3 |  -.3753621   .3102793    -1.21   0.226    -.9834983    .2327741
             dd4 |   -.286975   .2947047    -0.97   0.330    -.8645856    .2906355
             dd5 |  -.3689666   .2650285    -1.39   0.164    -.8884129    .1504797
             dd6 |   -.804307   .3190769    -2.52   0.012    -1.429686   -.1789278
             dd7 |   .4759958   .5087882     0.94   0.350    -.5212108    1.473202
             dd8 |          0  (omitted)
    i_comptenure |   .0030778   .0067804     0.45   0.650    -.0102114    .0163671
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0849356   .0925658    -0.92   0.359    -.2663612    .0964901
 i_senioritymiss |  -9.049987   9.442679    -0.96   0.338     -27.5573    9.457324
        duration |   -.003744   .0069419    -0.54   0.590    -.0173498    .0098618
    durationmiss |  -.8464498   1.368772    -0.62   0.536    -3.529194    1.836294
           cc_cn |          0  (omitted)
           cc_fr |   .0762251   .8043887     0.09   0.925    -1.500348    1.652798
           cc_ge |   .7093235   .5697123     1.25   0.213     -.407292    1.825939
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.184275   1.080829     3.87   0.000     2.065889     6.30266
           cc_jp |          0  (omitted)
           cc_po |  -5.907519   .9400203    -6.28   0.000    -7.749925   -4.065113
           cc_pt |          0  (omitted)
           cc_sw |   1.838479   .5793012     3.17   0.002     .7030697    2.973888
           cc_uk |   .3231467   .3700421     0.87   0.383    -.4021224    1.048416
       _Isic_202 |  -.2978222    .639796    -0.47   0.642    -1.551799    .9561549
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0648154   .6707643     0.10   0.923    -1.249858    1.379489
       _Isic_206 |  -.1448974    .866239    -0.17   0.867    -1.842695      1.5529
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .8572657   .9890267     0.87   0.386    -1.081191    2.795722
       _Isic_224 |   .2423788   .8201603     0.30   0.768    -1.365106    1.849863
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1913933   .6664145     0.29   0.774    -1.114755    1.497542
       _Isic_229 |   -.804319   .7273984    -1.11   0.269    -2.229994    .6213555
       _Isic_232 |  -.3765708   .7685558    -0.49   0.624    -1.882912    1.129771
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .4593865   .7207458     0.64   0.524    -.9532492    1.872022
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.359322   .9669695     1.41   0.160    -.5359039    3.254547
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .2021913   .5370873     0.38   0.707    -.8504805    1.254863
       _Isic_265 |  -.6303332   .6236459    -1.01   0.312    -1.852657    .5919904
       _Isic_267 |  -.8640719   .6441761    -1.34   0.180    -2.126634      .39849
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.2250395   .8093896    -0.28   0.781    -1.811414    1.361335
       _Isic_274 |   2.069941   1.014424     2.04   0.041     .0817067    4.058175
       _Isic_275 |  -.5347273   .5700771    -0.94   0.348    -1.652058    .5826033
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.719755   1.007607     1.71   0.088    -.2551178    3.694627
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.268856    .721324    -1.76   0.079    -2.682626    .1449127
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.538814   .7162108    -2.15   0.032    -2.942561   -.1350668
       _Isic_286 |  -.8189042   .7058263    -1.16   0.246    -2.202298      .56449
       _Isic_287 |  -.5709402    .669999    -0.85   0.394    -1.884114    .7422336
       _Isic_289 |  -.4116337   .5799412    -0.71   0.478    -1.548298    .7250302
       _Isic_299 |  -.3205025   .7661223    -0.42   0.676    -1.822075     1.18107
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |  -.0010547    .643292    -0.00   0.999    -1.261884    1.259774
       _Isic_308 |  -.3325361    .503869    -0.66   0.509    -1.320101     .655029
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.2315529    .953769    -0.24   0.808    -2.100906      1.6378
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.1124603    .805272    -0.14   0.889    -1.690764    1.465844
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.5143146   .6133342    -0.84   0.402    -1.716428    .6877984
       _Isic_332 |          0  (omitted)
       _Isic_333 |   -.588944   .6651901    -0.89   0.376    -1.892693    .7148046
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |    .283905   .9538169     0.30   0.766    -1.585542    2.153352
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.0376156   .6113324    -0.06   0.951    -1.235805    1.160574
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.579936   1.122703     5.86   0.000     4.379478    8.780394
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.8430999   .5227992    -1.61   0.107    -1.867767    .1815676
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.1922286   .7347258    -0.26   0.794    -1.632265    1.247808
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.386392   .7463913    -1.86   0.063    -2.849292    .0765081
       _Isic_355 |  -.7691864   .5454924    -1.41   0.159    -1.838332    .2999591
       _Isic_356 |  -.6984897   .5242014    -1.33   0.183    -1.725906    .3289262
       _Isic_357 |  -.7362123   .8694083    -0.85   0.397    -2.440221    .9677966
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.7033676   .5382133    -1.31   0.191    -1.758246    .3515111
       _Isic_363 |  -1.018711    .779228    -1.31   0.191    -2.545969    .5085482
       _Isic_364 |   -.921888   .6357168    -1.45   0.147     -2.16787     .324094
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .0460232   .6009159     0.08   0.939     -1.13175    1.223797
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.8972749   .6526869    -1.37   0.169    -2.176518     .381968
       _Isic_371 |  -1.302923     .61907    -2.10   0.035    -2.516278   -.0895682
       _Isic_372 |  -1.077731   .9307974    -1.16   0.247     -2.90206    .7465986
       _Isic_373 |          0  (omitted)
       _Isic_374 |   -.382253    .846247    -0.45   0.651    -2.040867    1.276361
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.6329751   .7131667    -0.89   0.375    -2.030756     .764806
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.5756095   .6475672    -0.89   0.374    -1.844818    .6935988
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.6936121   .8120396    -0.85   0.393     -2.28518    .8979562
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .4578308   .7919149     0.58   0.563    -1.094294    2.009956
           _cons |   .6368805   1.190042     0.54   0.593    -1.695558    2.969319
----------------------------------------------------------------------------------
Note: 8 failures and 0 successes completely determined.
(est6 stored)

. esttab using Table4.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) drop(
> nobs dd* onsite reliability i_comptenure*  i_seniority* duration* _cons reliabilitymiss  cc_* ldegree_tmiss ln_N_miss sharemiss aa* 
> lpcempm _I* o.*) nogap 
(note: file Table4.csv not found)
(output written to Table4.csv)

. 
. * Marginal effects
. cap estimates drop *

. eststo:xi:dprobit pace  w_workstation $collapse $firm $noise_a cc* i.sic  , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa40 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -201.37794
Iteration 2:   log pseudolikelihood = -195.59117
Iteration 3:   log pseudolikelihood = -195.00101
Iteration 4:   log pseudolikelihood = -194.92867
Iteration 5:   log pseudolikelihood = -194.90913
Iteration 6:   log pseudolikelihood = -194.90312
Iteration 7:   log pseudolikelihood = -194.90121
Iteration 8:   log pseudolikelihood = -194.90059
Iteration 9:   log pseudolikelihood = -194.90039
Iteration 10:  log pseudolikelihood = -194.90032
Iteration 11:  log pseudolikelihood =  -194.9003
Iteration 12:  log pseudolikelihood = -194.90029
Iteration 13:  log pseudolikelihood = -194.90029
Iteration 14:  log pseudolikelihood = -194.90029
Iteration 15:  log pseudolikelihood = -194.90029
Iteration 16:  log pseudolikelihood = -194.90028
Iteration 17:  log pseudolikelihood = -194.90028
Iteration 18:  log pseudolikelihood = -194.90028
Iteration 19:  log pseudolikelihood = -194.90028
Iteration 20:  log pseudolikelihood = -194.90028

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(100)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -194.90028                       Pseudo R2     = 0.2880

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .1164234   .0537616     2.21   0.027   .028197   .011052  .221794
_Inobs_2*|  -.0855514   .0124037    -7.40   0.000   .024653  -.109862 -.061241
_Inobs_3*|  -.0613114   .0199391    -1.38   0.168   .047766  -.100391 -.022231
_Inobs_4*|  -.0671161   .0123398    -2.00   0.046   .046225  -.091302 -.042931
_Inobs_5*|  -.0159198   .0453202    -0.32   0.748   .109399  -.104746  .072906
_Inobs_6*|  -.0524481   .0588756    -0.99   0.322   .699538  -.167842  .062946
_Inobs_7*|  -.0151414   .0538354    -0.25   0.800   .035439  -.120657  .090374
    ln_N |   .0043414   .0120962     0.36   0.717   4.17367  -.019367  .028049
ln_N_m~s*|   .9254948   .4550017     0.37   0.714   .016949   .033708  1.81728
   share |  -.0054007   .0151639    -0.35   0.724  -8.33264  -.035122   .02432
sharem~s*|  -.1159315   .1781456    -0.35   0.724   .077042  -.465091  .233228
   MNE_f*|   .0522115   .0289779     1.89   0.059   .371341  -.004584  .109007
   MNE_d*|   .0273302   .0282168     1.01   0.312    .31433  -.027974  .082634
  onsite*|  -.0123465    .020315    -0.62   0.536   .607088  -.052163   .02747
     aa3*|  -.0660061   .0107408    -1.76   0.078   .013867  -.087058 -.044954
     aa5*|  -.0681332   .0104709    -3.13   0.002   .013867  -.088656 -.047611
     aa6*|   -.086673   .0174141    -2.49   0.013    .09245  -.120804 -.052542
     aa8*|  -.0791427   .0118992    -3.73   0.000   .038521  -.102465 -.055821
    aa10*|  -.0516151   .0301123    -0.90   0.366   .026194  -.110634  .007404
    aa14*|   -.115012   .0222695    -3.51   0.000   .120185  -.158659 -.071365
    aa15*|  -.0783011   .0163645    -1.87   0.062   .060092  -.110375 -.046227
    aa16*|   -.085107   .0134445    -3.56   0.000   .058552  -.111458 -.058756
    aa19*|  -.0708779   .0111311    -2.32   0.020   .030817  -.092695 -.049061
    aa21*|  -.0625708   .0124405    -1.35   0.178   .006163  -.086954 -.038188
    aa23*|  -.1186729    .021318    -4.21   0.000   .104777  -.160455  -.07689
    aa25*|  -.0973349   .0135844        .       .   .035439   -.12396  -.07071
    aa26*|  -.0821288   .0123724    -3.60   0.000   .043143  -.106378 -.057879
    aa31*|  -.0903132   .0160753    -3.05   0.002   .070878   -.12182 -.058806
    aa32*|  -.0642838   .0143858    -1.55   0.121   .026194  -.092479 -.036088
    aa35*|  -.0899742    .014916    -3.41   0.001   .077042  -.119209 -.060739
    aa36*|   .9589055   .0069442        .       .    .03698   .945295  .972516
    aa38*|  -.0678615   .0108165    -1.98   0.048    .01849  -.089061 -.046662
    aa39*|  -.1061217   .0188346    -3.52   0.000   .100154  -.143037 -.069207
    aa43*|  -.0592658   .0184617    -1.24   0.217   .020031   -.09545 -.023082
reliab~y |  -.0061662   .0073238    -0.85   0.395   7.45917  -.020521  .008188
reliab~s*|  -.0684358   .0124166    -0.71   0.480   .007704  -.092772   -.0441
     dd1*|  -.0425507   .0329915    -0.84   0.401   .026194  -.107213  .022111
     dd2*|  -.0634082   .0244509    -1.57   0.117   .115562  -.111331 -.015485
     dd3*|  -.0674745   .0288491    -1.57   0.116   .171032  -.124018 -.010931
     dd4*|  -.0648462   .0315414    -1.48   0.139   .189522  -.126666 -.003026
     dd5*|  -.0724171   .0298052    -1.73   0.083   .198767  -.130834    -.014
     dd6*|  -.0773372   .0177226    -2.41   0.016   .114022  -.112073 -.042602
     dd8*|  -.0415104   .0399659    -0.82   0.411   .152542  -.119842  .036821
i_comp~e |   .0005216   .0008142     0.64   0.524   13.9521  -.001074  .002117
i_seni~y |  -.0051662   .0112457    -0.46   0.646   1.51772  -.027207  .016875
i_seni~s*|   -.071855   .0203099    -0.47   0.635   .013867  -.111662 -.032048
duration |   .0000341   .0008346     0.04   0.967   44.7211  -.001602   .00167
durati~s*|  -.0288764   .1055345    -0.21   0.830   .015408   -.23572  .177967
   cc_fr*|  -.0201836   .0793172    -0.23   0.821   .120185  -.175643  .135275
   cc_ge*|   .0483167   .0941159     0.59   0.552   .186441  -.136147   .23278
   cc_it*|   .9529539   .0084955     5.97   0.000   .032357   .936303  .969605
   cc_po*|  -.1017156   .0147209    -7.36   0.000   .035439  -.130568 -.072863
   cc_sw*|   .2897461   .1675135     2.48   0.013   .183359  -.038574  .618067
   cc_uk*|  -.0030441   .0430826    -0.07   0.944   .278891  -.087485  .081396
_Isi~202*|  -.0120949   .0679706    -0.16   0.870   .016949  -.145315  .121125
_Isi~205*|    .029827   .1082006     0.32   0.751   .016949  -.182242  .241896
_Isi~206*|   .0372365   .1414013     0.31   0.756   .009245  -.239905  .314378
_Isi~221*|   .1636809   .2818539     0.83   0.404   .004622  -.388743  .716104
_Isi~224*|   .0615141   .1793166     0.43   0.665   .003082   -.28994  .412968
_Isi~228*|   .0234156   .1043854     0.25   0.801   .009245  -.181176  .228007
_Isi~229*|  -.0272467    .058332    -0.37   0.712   .016949  -.141575  .087082
_Isi~232*|  -.0069276   .0841056    -0.08   0.937   .010786  -.171772  .157916
_Isi~251*|    .100131   .1727349     0.78   0.434    .01849  -.238423  .438685
_Isi~254*|   .5493977   .3318789     2.10   0.036   .003082  -.101073  1.19987
_Isi~262*|   .0704959   .1145109     0.79   0.428   .033898  -.153941  .294933
_Isi~265*|  -.0298893   .0477617    -0.49   0.628   .035439    -.1235  .063722
_Isi~267*|  -.0372774   .0423715    -0.61   0.543   .020031  -.120324  .045769
_Isi~273*|   .1415638   .2284543     0.88   0.380   .009245  -.306198  .589326
_Isi~274*|   .5624546   .3948436     1.77   0.076   .003082  -.211425  1.33633
_Isi~275*|  -.0271322   .0472628    -0.46   0.645   .029276  -.119766  .065501
_Isi~279*|   .5160885   .3854445     1.76   0.079   .003082  -.239369  1.27155
_Isi~282*|  -.0569634   .0181515    -1.28   0.199   .021572   -.09254 -.021387
_Isi~285*|  -.0644006   .0114098    -1.70   0.089   .023112  -.086763 -.042038
_Isi~286*|  -.0207316   .0638028    -0.28   0.782   .010786  -.145783   .10432
_Isi~287*|  -.0254011   .0574951    -0.36   0.720   .015408  -.138089  .087287
_Isi~289*|    .036442   .0995086     0.43   0.667    .01849  -.158591  .231475
_Isi~299*|    .035367   .1379065     0.30   0.763   .004622  -.234925  .305659
_Isi~306*|   .0973315   .1511333     0.87   0.386   .020031  -.198884  .393547
_Isi~308*|   .0081378   .0680351     0.12   0.901   .080123  -.125208  .141484
_Isi~323*|   .0236579   .1466457     0.18   0.856   .007704  -.263762  .311078
_Isi~326*|   .0766027   .1744734     0.57   0.567   .010786  -.265359  .418564
_Isi~331*|  -.0265311   .0530383    -0.40   0.688   .023112  -.130484  .077422
_Isi~333*|  -.0405232   .0395038    -0.67   0.503   .020031  -.117949  .036903
_Isi~342*|    .178347   .3017379     0.86   0.391   .006163  -.413048  .769742
_Isi~344*|   .0210349   .0952822     0.25   0.806   .023112  -.165715  .207785
_Isi~347*|   .9389214   .0095368        .       .   .003082    .92023  .957613
_Isi~349*|   -.039852   .0341378    -0.83   0.407    .07396  -.106761  .027057
_Isi~352*|   .0411829   .1368794     0.36   0.719   .006163  -.227096  .309462
_Isi~354*|  -.0549785   .0232072    -1.07   0.284   .026194  -.100464 -.009493
_Isi~355*|  -.0270628   .0442646    -0.50   0.620   .050847   -.11382  .059694
_Isi~356*|  -.0374679   .0344338    -0.78   0.437   .050847  -.104957  .030021
_Isi~357*|  -.0350791   .0569383    -0.44   0.663   .007704  -.146676  .076518
_Isi~362*|  -.0177259   .0504785    -0.31   0.757   .040062  -.116662   .08121
_Isi~363*|  -.0386993   .0474086    -0.54   0.587   .007704  -.131618   .05422
_Isi~364*|  -.0429549   .0340171    -0.79   0.429   .020031  -.109627  .023717
_Isi~366*|   .1398893   .1606649     1.24   0.216   .015408  -.175008  .454787
_Isi~369*|  -.0364483   .0420184    -0.61   0.542   .023112  -.118803  .045906
_Isi~371*|  -.0660893   .0130991    -1.86   0.063   .052388  -.091763 -.040416
_Isi~372*|  -.0275701   .0671914    -0.32   0.746   .013867  -.159263  .104123
_Isi~374*|   .0106966   .1014407     0.11   0.911   .004622  -.188124  .209517
_Isi~381*|   .0052026   .0846056     0.06   0.949   .020031  -.160621  .171027
_Isi~384*|   .0128729     .08749     0.16   0.875    .01849  -.158604   .18435
_Isi~399*|  -.0280083   .0653442    -0.34   0.737   .009245  -.156081  .100064
_Isi~671*|   .1691968   .2502464     0.97   0.331   .006163  -.321277  .659671
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0639406  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est1 stored)

. eststo:xi:dprobit pace  w_workstation lpcemp lpcempm ldegree_t* $collapse $firm $noise_a cc* i.sic  , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa40 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -197.48651
Iteration 2:   log pseudolikelihood = -190.49433
Iteration 3:   log pseudolikelihood = -189.65431
Iteration 4:   log pseudolikelihood =  -189.5676
Iteration 5:   log pseudolikelihood = -189.54641
Iteration 6:   log pseudolikelihood = -189.53997
Iteration 7:   log pseudolikelihood = -189.53795
Iteration 8:   log pseudolikelihood = -189.53729
Iteration 9:   log pseudolikelihood = -189.53707
Iteration 10:  log pseudolikelihood =   -189.537
Iteration 11:  log pseudolikelihood = -189.53698
Iteration 12:  log pseudolikelihood = -189.53697
Iteration 13:  log pseudolikelihood = -189.53697
Iteration 14:  log pseudolikelihood = -189.53697
Iteration 15:  log pseudolikelihood = -189.53697
Iteration 16:  log pseudolikelihood = -189.53697
Iteration 17:  log pseudolikelihood = -189.53697
Iteration 18:  log pseudolikelihood = -189.53697
Iteration 19:  log pseudolikelihood = -189.53697
Iteration 20:  log pseudolikelihood = -189.53697

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(104)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -189.53697                       Pseudo R2     = 0.3076

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .1037205   .0496702     2.14   0.032   .028197   .006369  .201072
  lpcemp |   .0160477   .0143805     1.13   0.260  -2.52755  -.012138  .044233
 lpcempm*|    .965252   .0168982     1.20   0.230   .016949   .932132  .998372
ldegre~t |   .0336658   .0109589     3.04   0.002   2.02669   .012187  .055145
ldegre~s*|   .0941782   .0681355     1.79   0.074   .127889  -.039365  .227721
_Inobs_2*|  -.0780571     .01199        .       .   .024653  -.101557 -.054557
_Inobs_3*|  -.0457163   .0293212    -0.93   0.354   .047766  -.103185  .011752
_Inobs_4*|  -.0588294   .0130465    -1.84   0.066   .046225    -.0844 -.033259
_Inobs_5*|   .0088858   .0540181     0.17   0.863   .109399  -.096988  .114759
_Inobs_6*|  -.0157295   .0470029    -0.35   0.727   .699538  -.107854  .076395
_Inobs_7*|   .0011986   .0611418     0.02   0.984   .035439  -.118637  .121034
    ln_N |   .0037161   .0112245     0.33   0.739   4.17367  -.018283  .025716
ln_N_m~s*|   .9166817   .7239534     0.35   0.729   .016949  -.502241   2.3356
   share |  -.0030068   .0146863    -0.20   0.838  -8.33264  -.031792  .025778
sharem~s*|  -.0854549    .151007    -0.21   0.834   .077042  -.381423  .210513
   MNE_f*|   .0394019   .0286117     1.46   0.145   .371341  -.016676   .09548
   MNE_d*|   .0219095    .026946     0.85   0.397    .31433  -.030904  .074723
  onsite*|  -.0056016   .0187234    -0.30   0.762   .607088  -.042299  .031096
     aa3*|  -.0581967   .0116971    -1.41   0.160   .013867  -.081123 -.035271
     aa5*|  -.0621016   .0100212    -3.16   0.002   .013867  -.081743  -.04246
     aa6*|  -.0816709   .0161789    -2.54   0.011    .09245  -.113381 -.049961
     aa8*|  -.0705617   .0113865    -3.29   0.001   .038521  -.092879 -.048245
    aa10*|   -.027533   .0553555    -0.39   0.700   .026194  -.136028  .080962
    aa14*|  -.1066662   .0211378    -3.43   0.001   .120185  -.148095 -.065237
    aa15*|  -.0706619   .0156946    -1.75   0.080   .060092  -.101423 -.039901
    aa16*|  -.0767322   .0128099    -3.23   0.001   .058552  -.101839 -.051625
    aa19*|  -.0623523   .0112614    -1.87   0.061   .030817  -.084424  -.04028
    aa21*|  -.0513325   .0214565    -0.92   0.355   .006163  -.093386 -.009279
    aa23*|   -.112329   .0205646    -4.17   0.000   .104777  -.152635 -.072023
    aa25*|   -.088767   .0137046    -7.46   0.000   .035439  -.115628 -.061906
    aa26*|  -.0755788   .0114671    -3.55   0.000   .043143  -.098054 -.053104
    aa31*|   -.082656   .0152358    -3.05   0.002   .070878  -.112518 -.052794
    aa32*|  -.0550508   .0174586    -1.23   0.219   .026194  -.089269 -.020832
    aa35*|  -.0807421    .014151    -3.12   0.002   .077042  -.108478 -.053007
    aa36*|   .9640581   .0064857        .       .    .03698   .951346   .97677
    aa38*|   -.061489   .0102115    -1.85   0.064    .01849  -.081503 -.041475
    aa39*|   -.097688   .0181496    -3.41   0.001   .100154  -.133261 -.062116
    aa43*|  -.0461796   .0288911    -0.83   0.405   .020031  -.102805  .010446
reliab~y |  -.0092368   .0069841    -1.35   0.178   7.45917  -.022925  .004452
reliab~s*|  -.0652493    .012311    -1.17   0.242   .007704  -.089378  -.04112
     dd2*|  -.0344925   .0320442    -0.85   0.397   .115562  -.097298  .028313
     dd3*|  -.0355613   .0337902    -0.86   0.388   .171032  -.101789  .030666
     dd4*|  -.0267687   .0401883    -0.58   0.559   .189522  -.105536  .051999
     dd5*|  -.0362484   .0335808    -0.91   0.365   .198767  -.102066  .029569
     dd6*|  -.0590608   .0192379    -1.91   0.056   .114022  -.096766 -.021355
     dd7*|   .0864394   .1301512     0.88   0.377   .032357  -.168652  .341531
     dd8*|   .0061283   .0520742     0.12   0.904   .152542  -.095935  .108192
i_comp~e |   .0001699   .0007854     0.22   0.829   13.9521  -.001369  .001709
i_seni~y |  -.0099724   .0107055    -0.93   0.352   1.51772  -.030955   .01101
i_seni~s*|   -.074375   .0210247    -0.97   0.330   .013867  -.115583 -.033167
duration |   -.000239    .000777    -0.31   0.758   44.7211  -.001762  .001284
durati~s*|  -.0367949   .0704975    -0.34   0.732   .015408  -.174967  .101378
   cc_fr*|   .0205592   .1117118     0.20   0.840   .120185  -.198392   .23951
   cc_ge*|   .1171675   .1224645     1.26   0.206   .186441  -.122859  .357194
   cc_it*|    .957328   .0071255        .       .   .032357   .943362  .971294
   cc_po*|  -.0941636   .0144364    -7.45   0.000   .035439  -.122458 -.065869
   cc_sw*|   .4195987   .1892976     3.12   0.002   .183359   .048582  .790615
   cc_uk*|   .0281903   .0483718     0.63   0.527   .278891  -.066617  .122997
_Isi~202*|  -.0271691   .0457471    -0.46   0.647   .016949  -.116832  .062494
_Isi~205*|   .0083807   .0851514     0.10   0.917   .016949  -.158513  .175274
_Isi~206*|  -.0121583   .0831993    -0.13   0.894   .009245  -.175226  .150909
_Isi~221*|   .1961502   .3063903     0.95   0.341   .004622  -.404364  .796664
_Isi~224*|   .0424656   .1452792     0.36   0.722   .003082  -.242276  .327208
_Isi~228*|   .0190783    .095285     0.22   0.824   .009245  -.167677  .205833
_Isi~229*|  -.0457137   .0262672    -0.89   0.375   .016949  -.097196  .005769
_Isi~232*|  -.0198098   .0636501    -0.26   0.793   .010786  -.144562  .104942
_Isi~251*|   .0964861   .1642821     0.80   0.421    .01849  -.225501  .418473
_Isi~254*|   .3547629   .3806453     1.39   0.166   .003082  -.391288  1.10081
_Isi~262*|    .029265   .0831032     0.41   0.683   .033898  -.133614  .192144
_Isi~265*|  -.0427215   .0282827    -0.89   0.371   .035439  -.098155  .012712
_Isi~267*|  -.0502171   .0188826    -1.21   0.228   .020031  -.087226 -.013208
_Isi~273*|  -.0133708   .0769359    -0.16   0.876   .009245  -.164162  .137421
_Isi~274*|   .6680622   .3296666     2.19   0.029   .003082   .021928   1.3142
_Isi~275*|  -.0341903   .0334922    -0.72   0.474   .029276  -.099834  .031453
_Isi~279*|    .499185   .3981887     1.70   0.088   .003082   -.28125  1.27962
_Isi~282*|   -.058566   .0109921    -1.73   0.084   .021572   -.08011 -.037022
_Isi~285*|  -.0604006   .0101457    -2.01   0.044   .023112  -.080286 -.040515
_Isi~286*|  -.0487678   .0201913    -1.09   0.275   .010786  -.088342 -.009194
_Isi~287*|  -.0389292   .0334127    -0.73   0.467   .015408  -.104417  .026558
_Isi~289*|  -.0255962   .0430063    -0.47   0.638    .01849  -.109887  .058695
_Isi~299*|  -.0267811   .0544733    -0.38   0.706   .004622  -.133547  .079985
_Isi~306*|   .0150156   .0882457     0.19   0.853   .020031  -.157943  .187974
_Isi~308*|  -.0244059   .0409032    -0.49   0.622   .080123  -.104575  .055763
_Isi~323*|  -.0123724   .0938875    -0.12   0.905   .007704  -.196388  .171644
_Isi~326*|  -.0005685   .0908314    -0.01   0.995   .010786  -.178595  .177458
_Isi~331*|  -.0366179   .0343987    -0.71   0.480   .023112  -.104038  .030802
_Isi~333*|  -.0406478   .0312912    -0.78   0.434   .020031  -.101977  .020682
_Isi~342*|   .0498011   .1708269     0.36   0.717   .006163  -.285014  .384616
_Isi~344*|   .0031898   .0722171     0.05   0.964   .023112  -.138353  .144733
_Isi~347*|   .9446999   .0092054    10.16   0.000   .003082   .926658  .962742
_Isi~349*|  -.0525531   .0197976    -1.46   0.145    .07396  -.091356  -.01375
_Isi~352*|  -.0164979   .0683886    -0.21   0.834   .006163  -.150537  .117541
_Isi~354*|  -.0585141   .0119197    -1.63   0.102   .026194  -.081876 -.035152
_Isi~355*|  -.0488218    .020998    -1.27   0.203   .050847  -.089977 -.007666
_Isi~356*|  -.0468036   .0218948    -1.22   0.223   .050847  -.089717 -.003891
_Isi~357*|  -.0455565   .0284077    -0.80   0.423   .007704  -.101235  .010122
_Isi~362*|  -.0412517   .0264235    -0.99   0.324   .040062  -.093041  .010538
_Isi~363*|  -.0523643   .0163617    -1.15   0.249   .007704  -.084433 -.020296
_Isi~364*|  -.0520513   .0165018    -1.35   0.176   .020031  -.084394 -.019708
_Isi~366*|   .0249425   .0891598     0.32   0.749   .015408  -.149808  .199693
_Isi~369*|  -.0501373   .0187888    -1.24   0.214   .023112  -.086963 -.013312
_Isi~371*|  -.0631535   .0116462    -2.08   0.037   .052388   -.08598 -.040327
_Isi~372*|  -.0515893   .0205455    -0.95   0.340   .013867  -.091858 -.011321
_Isi~374*|  -.0293755   .0542649    -0.40   0.690   .004622  -.135733  .076982
_Isi~381*|  -.0407113   .0323185    -0.76   0.450   .020031  -.104054  .022632
_Isi~384*|  -.0419022   .0287837    -0.84   0.399    .01849  -.098317  .014513
_Isi~399*|  -.0426201   .0345468    -0.68   0.496   .009245  -.110331   .02509
_Isi~671*|   .0917323   .1806867     0.69   0.492   .006163  -.262407  .445872
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0580753  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est2 stored)

. eststo:xi:dprobit pace  w_net  nobs $collapse $firm $noise_a cc* i.sic if w_workstation!=., cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Inobs_7 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -202.68996
Iteration 2:   log pseudolikelihood = -196.99646
Iteration 3:   log pseudolikelihood = -196.42807
Iteration 4:   log pseudolikelihood = -196.35324
Iteration 5:   log pseudolikelihood = -196.33307
Iteration 6:   log pseudolikelihood = -196.32689
Iteration 7:   log pseudolikelihood = -196.32493
Iteration 8:   log pseudolikelihood =  -196.3243
Iteration 9:   log pseudolikelihood = -196.32409
Iteration 10:  log pseudolikelihood = -196.32402
Iteration 11:  log pseudolikelihood =   -196.324
Iteration 12:  log pseudolikelihood = -196.32399
Iteration 13:  log pseudolikelihood = -196.32399
Iteration 14:  log pseudolikelihood = -196.32399
Iteration 15:  log pseudolikelihood = -196.32399
Iteration 16:  log pseudolikelihood = -196.32399
Iteration 17:  log pseudolikelihood = -196.32399
Iteration 18:  log pseudolikelihood = -196.32399
Iteration 19:  log pseudolikelihood = -196.32399
Iteration 20:  log pseudolikelihood = -196.32399

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(100)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -196.32399                       Pseudo R2     = 0.2828

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
   w_net |  -.0338974   .0269477    -1.26   0.209   .362801  -.086714  .018919
    nobs |   .0012401   .0112556     0.11   0.912   5.40678  -.020821  .023301
_Inobs_2*|  -.0860209   .0126351    -7.53   0.000   .024653  -.110785 -.061257
_Inobs_3*|  -.0618793   .0195223    -1.45   0.147   .047766  -.100142 -.023616
_Inobs_4*|  -.0667832   .0123783    -2.17   0.030   .046225  -.091044 -.042522
_Inobs_5*|  -.0032915    .041737    -0.08   0.938   .109399  -.085095  .078512
_Inobs_6*|  -.0355296    .048096    -0.80   0.422   .699538  -.129796  .058737
    ln_N |   .0066854   .0121313     0.56   0.576   4.17367  -.017092  .030462
ln_N_m~s*|   .9464265   .0202681     0.56   0.576   .016949   .906702  .986151
   share |  -.0034447   .0154324    -0.22   0.824  -8.33264  -.033692  .026802
sharem~s*|   -.095195   .1569413    -0.22   0.823   .077042  -.402794  .212404
   MNE_f*|   .0596506   .0302706     2.07   0.039   .371341   .000321   .11898
   MNE_d*|   .0341785   .0292928     1.23   0.219    .31433  -.023234  .091591
  onsite*|  -.0109269   .0202819    -0.55   0.584   .607088  -.050679  .028825
     aa3*|  -.0436903   .0530609    -0.51   0.611   .013867  -.147688  .060307
     aa5*|  -.0621167     .01511    -1.33   0.182   .013867  -.091732 -.032502
     aa6*|  -.0472253   .0521551    -0.62   0.532    .09245  -.149448  .054997
     aa8*|  -.0711057   .0124923    -1.79   0.073   .038521   -.09559 -.046621
    aa10*|    .123951   .2235349     0.76   0.445   .026194  -.314169  .562071
    aa14*|  -.0854487   .0246019    -1.66   0.097   .120185  -.133667  -.03723
    aa15*|  -.0478323   .0604117    -0.51   0.609   .060092  -.166237  .070572
    aa16*|  -.0720534   .0157319    -1.70   0.089   .058552  -.102887  -.04122
    aa19*|  -.0471475   .0437001    -0.64   0.521   .030817  -.132798  .038503
    aa23*|  -.0932567   .0200821    -2.22   0.026   .104777  -.132617 -.053896
    aa25*|  -.0920718   .0138414    -6.00   0.000   .035439    -.1192 -.064943
    aa26*|  -.0738037   .0124206    -1.87   0.062   .043143  -.098148  -.04946
    aa31*|  -.0749487   .0196194    -1.46   0.143   .070878  -.113402 -.036495
    aa32*|   .0248774   .1315165     0.21   0.832   .026194   -.23289  .282645
    aa35*|  -.0701566   .0222197    -1.38   0.169   .077042  -.113706 -.026607
    aa36*|   .9618125   .0070457     6.69   0.000    .03698   .948003  .975622
    aa38*|  -.0498213    .042837    -0.63   0.531    .01849   -.13378  .034138
    aa39*|  -.0833436   .0204051    -1.74   0.081   .100154  -.123337  -.04335
    aa40*|   .3208302   .3646539     1.29   0.198   .006163  -.393878  1.03554
    aa43*|   .0495261   .1592057     0.38   0.705   .020031  -.262511  .361563
reliab~y |  -.0069618   .0072781    -0.97   0.333   7.45917  -.021227  .007303
reliab~s*|  -.0695615   .0126404    -0.78   0.433   .007704  -.094336 -.044787
     dd2*|  -.0214377   .0447592    -0.43   0.671   .115562  -.109164  .066289
     dd3*|  -.0272575   .0427396    -0.56   0.576   .171032  -.111026  .056511
     dd4*|   -.025428   .0450434    -0.51   0.613   .189522  -.113711  .062855
     dd5*|  -.0290794   .0411293    -0.63   0.532   .198767  -.109691  .051533
     dd6*|  -.0552055   .0251658    -1.48   0.140   .114022   -.10453 -.005881
     dd7*|   .0770586    .126405     0.78   0.434   .032357  -.170691  .324808
     dd8*|   .0120108   .0593487     0.21   0.832   .152542  -.104311  .128332
i_comp~e |    .000699    .000818     0.85   0.396   13.9521  -.000904  .002302
i_seni~y |  -.0032606   .0114363    -0.28   0.776   1.51772  -.025675  .019154
i_seni~s*|  -.0695578    .020167    -0.30   0.766   .013867  -.109084 -.030031
duration |  -.0000547   .0008593    -0.06   0.949   44.7211  -.001739   .00163
durati~s*|  -.0501204   .0553966    -0.48   0.634   .015408  -.158696  .058455
   cc_fr*|  -.0267811   .0738231    -0.31   0.757   .120185  -.171472  .117909
   cc_ge*|   .0407905    .088875     0.52   0.603   .186441  -.133401  .214982
   cc_it*|    .953665   .0076245        .       .   .032357   .938721  .968609
   cc_po*|  -.1009543   .0140873        .       .   .035439  -.128565 -.073344
   cc_sw*|   .2932851   .1704182     2.45   0.014   .183359  -.040728  .627299
   cc_uk*|   .0071767   .0465526     0.16   0.875   .278891  -.084065  .098418
_Isi~202*|  -.0117233   .0680788    -0.16   0.874   .016949  -.145155  .121709
_Isi~205*|   .0328507    .112474     0.34   0.734   .016949  -.187594  .253296
_Isi~206*|   .0329853   .1354425     0.28   0.777   .009245  -.232477  .298448
_Isi~221*|   .1607635   .2843148     0.81   0.419   .004622  -.396483   .71801
_Isi~224*|   .0450092   .1609566     0.34   0.736   .003082   -.27046  .360478
_Isi~228*|   .0243858   .1090337     0.25   0.802   .009245  -.189316  .238088
_Isi~229*|   -.034772    .048693    -0.51   0.609   .016949  -.130209  .060665
_Isi~232*|   -.021289   .0681483    -0.27   0.791   .010786  -.154857  .112279
_Isi~251*|   .0889152   .1688953     0.70   0.486    .01849  -.242113  .419944
_Isi~254*|   .5680068    .327068     2.15   0.032   .003082  -.073035  1.20905
_Isi~262*|   .0668989   .1142623     0.75   0.456   .033898  -.157051  .290849
_Isi~265*|  -.0338756   .0448363    -0.56   0.576   .035439  -.121753  .054002
_Isi~267*|  -.0386079   .0420264    -0.63   0.531   .020031  -.120978  .043762
_Isi~273*|   .1901483   .2547734     1.09   0.277   .009245  -.309198  .689495
_Isi~274*|   .5236481   .4057807     1.67   0.095   .003082  -.271667  1.31896
_Isi~275*|  -.0340299   .0420618    -0.60   0.550   .029276   -.11647   .04841
_Isi~279*|   .5094706     .38064     1.76   0.078   .003082   -.23657  1.25551
_Isi~282*|  -.0578458   .0180944    -1.30   0.193   .021572   -.09331 -.022382
_Isi~285*|  -.0655841   .0112628    -1.74   0.081   .023112  -.087659 -.043509
_Isi~286*|  -.0243385   .0607157    -0.33   0.742   .010786  -.143339  .094662
_Isi~287*|  -.0284146   .0544246    -0.41   0.682   .015408  -.135085  .078256
_Isi~289*|   .0238724   .0892243     0.30   0.764    .01849  -.151004  .198749
_Isi~299*|   .0279565   .1306225     0.24   0.807   .004622  -.228059  .283972
_Isi~306*|   .0948164   .1507838     0.84   0.401   .020031  -.200714  .390347
_Isi~308*|   .0061867   .0666406     0.10   0.924   .080123  -.124427    .1368
_Isi~323*|   .0105535   .1251707     0.09   0.929   .007704  -.234777  .255884
_Isi~326*|   .0711253   .1704833     0.54   0.592   .010786  -.263016  .405267
_Isi~331*|  -.0298346    .049386    -0.47   0.639   .023112  -.126629   .06696
_Isi~333*|  -.0437959   .0360381    -0.75   0.452   .020031  -.114429  .026837
_Isi~342*|   .1587704   .2930382     0.77   0.438   .006163  -.415574  .733115
_Isi~344*|   .0122399   .0906285     0.14   0.885   .023112  -.165389  .189868
_Isi~347*|   .9382361   .0097136        .       .   .003082   .919198  .957274
_Isi~349*|  -.0451669   .0313553    -0.96   0.338    .07396  -.106622  .016288
_Isi~352*|    .038815   .1328485     0.35   0.730   .006163  -.221563  .299193
_Isi~354*|  -.0487529   .0353618    -0.76   0.445   .026194  -.118061  .020555
_Isi~355*|  -.0232738   .0476726    -0.41   0.680   .050847   -.11671  .070163
_Isi~356*|  -.0407056   .0327957    -0.85   0.395   .050847  -.104984  .023573
_Isi~357*|  -.0385693   .0540671    -0.48   0.632   .007704  -.144539    .0674
_Isi~362*|  -.0159261   .0550092    -0.26   0.795   .040062  -.123742   .09189
_Isi~363*|  -.0430411   .0409412    -0.65   0.519   .007704  -.123284  .037202
_Isi~364*|  -.0410206   .0369158    -0.73   0.467   .020031  -.113374  .031333
_Isi~366*|   .1350647   .1662238     1.15   0.251   .015408  -.190728  .460857
_Isi~369*|  -.0342459   .0461362    -0.54   0.587   .023112  -.124671  .056179
_Isi~371*|  -.0666602   .0134505    -1.81   0.071   .052388  -.093023 -.040298
_Isi~372*|  -.0406431   .0496367    -0.53   0.596   .013867  -.137929  .056643
_Isi~374*|   .0122195   .1078545     0.12   0.904   .004622  -.199172   .22361
_Isi~381*|   .0212485   .0950322     0.25   0.804   .020031  -.165011  .207508
_Isi~384*|   .0384205   .1078539     0.42   0.674    .01849  -.172969   .24981
_Isi~399*|  -.0310858   .0604863    -0.39   0.698   .009245  -.149637  .087465
_Isi~671*|   .1628783   .2511843     0.93   0.354   .006163  -.329434  .655191
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0645961  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est3 stored)

. eststo:xi:dprobit pace  w_net nobs  lpcemp lpcempm  ldegree_t* $collapse $firm $noise_a cc* i.sic  if w_workstation!=. ,cluster(comp
> any_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Inobs_7 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -198.32816
Iteration 2:   log pseudolikelihood = -191.33747
Iteration 3:   log pseudolikelihood = -190.48827
Iteration 4:   log pseudolikelihood = -190.39796
Iteration 5:   log pseudolikelihood = -190.37633
Iteration 6:   log pseudolikelihood =  -190.3698
Iteration 7:   log pseudolikelihood = -190.36775
Iteration 8:   log pseudolikelihood = -190.36709
Iteration 9:   log pseudolikelihood = -190.36687
Iteration 10:  log pseudolikelihood =  -190.3668
Iteration 11:  log pseudolikelihood = -190.36677
Iteration 12:  log pseudolikelihood = -190.36676
Iteration 13:  log pseudolikelihood = -190.36676
Iteration 14:  log pseudolikelihood = -190.36676
Iteration 15:  log pseudolikelihood = -190.36676
Iteration 16:  log pseudolikelihood = -190.36676
Iteration 17:  log pseudolikelihood = -190.36676
Iteration 18:  log pseudolikelihood = -190.36676
Iteration 19:  log pseudolikelihood = -190.36676
Iteration 20:  log pseudolikelihood = -190.36676

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(104)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -190.36676                       Pseudo R2     = 0.3045

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
   w_net |  -.0409259   .0259618    -1.57   0.116   .362801   -.09181  .009958
    nobs |   .0043362   .0103382     0.42   0.673   5.40678  -.015926  .024599
  lpcemp |   .0204422   .0146628     1.41   0.159  -2.52755  -.008296  .049181
 lpcempm*|   .9698079   .0154527     1.48   0.138   .016949   .939521  1.00009
ldegre~t |   .0342746   .0107725     3.13   0.002   2.02669   .013161  .055388
ldegre~s*|   .0915707   .0667219     1.76   0.079   .127889  -.039202  .222343
_Inobs_2*|  -.0777818   .0122898    -7.98   0.000   .024653  -.101869 -.053694
_Inobs_3*|  -.0485042   .0249567    -1.08   0.279   .047766  -.097418   .00041
_Inobs_4*|  -.0590626   .0119291    -2.10   0.035   .046225  -.082443 -.035682
_Inobs_5*|       .012   .0449336     0.28   0.777   .109399  -.076068  .100068
_Inobs_6*|  -.0163613   .0411877    -0.42   0.677   .699538  -.097088  .064365
    ln_N |   .0061726   .0112817     0.55   0.580   4.17367  -.015939  .028284
ln_N_m~s*|   .9522274    .019069     0.56   0.573   .016949   .914853  .989602
   share |   -.000758   .0147588    -0.05   0.959  -8.33264  -.029685  .028169
sharem~s*|  -.0524407   .4941058    -0.06   0.954   .077042  -1.02087  .915989
   MNE_f*|   .0453366    .029306     1.63   0.103   .371341  -.012102  .102775
   MNE_d*|   .0284241   .0279828     1.07   0.285    .31433  -.026421  .083269
  onsite*|  -.0035001   .0185618    -0.19   0.849   .607088  -.039881   .03288
     aa3*|  -.0455226   .0339198    -0.69   0.490   .013867  -.112004  .020959
     aa5*|  -.0601251   .0100374    -2.16   0.031   .013867  -.079798 -.040452
     aa6*|   -.067703   .0208648    -1.45   0.147    .09245  -.108597 -.026809
     aa8*|  -.0655412   .0111768    -2.12   0.034   .038521  -.087447 -.043635
    aa10*|    .098871    .186619     0.72   0.469   .026194  -.266895  .464637
    aa14*|  -.0897749   .0197583    -2.40   0.016   .120185    -.1285 -.051049
    aa15*|  -.0577801   .0294626    -0.89   0.372   .060092  -.115526 -.000035
    aa16*|  -.0697948   .0124214    -2.29   0.022   .058552   -.09414 -.045449
    aa19*|  -.0469926   .0305767    -0.81   0.421   .030817  -.106922  .012937
    aa23*|   -.096449   .0188317    -3.06   0.002   .104777  -.133358  -.05954
    aa25*|  -.0847448   .0133497    -6.46   0.000   .035439   -.11091  -.05858
    aa26*|  -.0705262   .0113376    -2.50   0.012   .043143  -.092748 -.048305
    aa31*|  -.0745366   .0149438    -2.11   0.035   .070878  -.103826 -.045247
    aa32*|  -.0112158   .0773438    -0.13   0.894   .026194  -.162807  .140375
    aa35*|  -.0706069    .015053    -1.95   0.051   .077042   -.10011 -.041104
    aa36*|   .9655243   .0063905        .       .    .03698   .952999  .978049
    aa38*|  -.0557588    .016543    -1.08   0.281    .01849  -.088182 -.023335
    aa39*|  -.0846796   .0168701    -2.46   0.014   .100154  -.117744 -.051615
    aa40*|   .1398817   .2576963     0.78   0.435   .006163  -.365194  .644957
    aa43*|   .0122172   .1045044     0.13   0.900   .020031  -.192608  .217042
reliab~y |  -.0100236   .0069207    -1.48   0.138   7.45917  -.023588  .003541
reliab~s*|  -.0657006   .0125503    -1.25   0.210   .007704  -.090299 -.041102
     dd1*|  -.0393036   .0304455    -0.83   0.407   .026194  -.098976  .020369
     dd2*|  -.0551987   .0248499    -1.40   0.162   .115562  -.103904 -.006494
     dd3*|  -.0632293   .0265942    -1.62   0.106   .171032  -.115353 -.011106
     dd4*|  -.0613268   .0290276    -1.53   0.127   .189522   -.11822 -.004434
     dd5*|  -.0643412   .0291018    -1.60   0.110   .198767   -.12138 -.007303
     dd6*|  -.0726481   .0166695    -2.50   0.013   .114022   -.10532 -.039977
     dd8*|  -.0396218   .0363727    -0.85   0.395   .152542  -.110911  .031667
i_comp~e |   .0003789   .0007771     0.49   0.627   13.9521  -.001144  .001902
i_seni~y |   -.008298   .0107627    -0.77   0.442   1.51772  -.029393  .012797
i_seni~s*|  -.0715698   .0204573    -0.81   0.417   .013867  -.111665 -.031474
duration |  -.0003659   .0007953    -0.46   0.647   44.7211  -.001925  .001193
durati~s*|   -.052216   .0301833    -0.65   0.513   .015408  -.111374  .006942
   cc_fr*|   .0132579   .1055171     0.13   0.893   .120185  -.193552  .220068
   cc_ge*|   .1151898   .1216351     1.25   0.211   .186441  -.123211   .35359
   cc_it*|   .9578557   .0072812        .       .   .032357   .943585  .972127
   cc_po*|  -.0919813   .0143689    -6.91   0.000   .035439  -.120144 -.063819
   cc_sw*|   .4417449   .1969564     3.13   0.002   .183359   .055718  .827772
   cc_uk*|   .0462719   .0545143     0.97   0.334   .278891  -.060574  .153118
_Isi~202*|  -.0287529   .0432408    -0.50   0.618   .016949  -.113503  .055997
_Isi~205*|   .0093968   .0875229     0.11   0.909   .016949  -.162145  .180938
_Isi~206*|  -.0170079   .0756247    -0.19   0.846   .009245   -.16523  .131214
_Isi~221*|   .1819481   .3041565     0.89   0.375   .004622  -.414188  .778084
_Isi~224*|   .0265534   .1271414     0.24   0.810   .003082  -.222639  .275746
_Isi~228*|   .0215715   .0996337     0.24   0.808   .009245  -.173707   .21685
_Isi~229*|   -.050735   .0184473    -1.13   0.259   .016949  -.086891 -.014579
_Isi~232*|  -.0333203   .0455161    -0.51   0.613   .010786   -.12253   .05589
_Isi~251*|   .0749919    .153758     0.65   0.518    .01849  -.226368  .376352
_Isi~254*|   .3590106   .3852222     1.39   0.166   .003082  -.396011  1.11403
_Isi~262*|   .0224658   .0794639     0.32   0.749   .033898  -.133281  .178212
_Isi~265*|  -.0464973   .0238924    -1.03   0.304   .035439  -.093325  .000331
_Isi~267*|  -.0516195   .0167923    -1.28   0.201   .020031  -.084532 -.018707
_Isi~273*|  -.0031993   .0882622    -0.04   0.972   .009245   -.17619  .169791
_Isi~274*|   .6114507   .3663249     1.99   0.047   .003082  -.106533  1.32943
_Isi~275*|  -.0412496    .026774    -0.93   0.352   .029276  -.093726  .011226
_Isi~279*|   .4887454   .3957621     1.70   0.089   .003082  -.286934  1.26442
_Isi~282*|  -.0591595   .0104644    -1.81   0.071   .021572  -.079669  -.03865
_Isi~285*|  -.0610714    .009881    -2.11   0.035   .023112  -.080438 -.041705
_Isi~286*|   -.051615   .0162632    -1.23   0.219   .010786   -.08349  -.01974
_Isi~287*|  -.0429902   .0276523    -0.86   0.388   .015408  -.097188  .011207
_Isi~289*|  -.0362163   .0313664    -0.76   0.447    .01849  -.097693  .025261
_Isi~299*|  -.0332765    .044388    -0.51   0.609   .004622  -.120275  .053722
_Isi~306*|   .0062696   .0805149     0.08   0.935   .020031  -.151537  .164076
_Isi~308*|  -.0295489   .0366485    -0.63   0.531   .080123  -.101379  .042281
_Isi~323*|  -.0238143   .0708193    -0.27   0.788   .007704  -.162618  .114989
_Isi~326*|  -.0120123   .0777323    -0.14   0.888   .010786  -.164365   .14034
_Isi~331*|  -.0401709   .0295488    -0.83   0.407   .023112  -.098085  .017744
_Isi~333*|  -.0438518   .0268708    -0.90   0.371   .020031  -.096518  .008814
_Isi~342*|   .0317819   .1525259     0.24   0.807   .006163  -.267163  .330727
_Isi~344*|  -.0065566   .0650044    -0.10   0.923   .023112  -.133963   .12085
_Isi~347*|   .9446581    .009361        .       .   .003082   .926311  .963005
_Isi~349*|  -.0570875   .0166053    -1.66   0.097    .07396  -.089633 -.024542
_Isi~352*|  -.0216176   .0593883    -0.30   0.765   .006163  -.138016  .094781
_Isi~354*|  -.0575687   .0130261    -1.38   0.168   .026194  -.083099 -.032038
_Isi~355*|  -.0490377   .0203895    -1.28   0.200   .050847     -.089 -.009075
_Isi~356*|  -.0499987   .0189193    -1.36   0.174   .050847   -.08708 -.012917
_Isi~357*|  -.0484751   .0241219    -0.87   0.382   .007704  -.095753 -.001197
_Isi~362*|   -.044259    .024347    -1.05   0.294   .040062  -.091978   .00346
_Isi~363*|  -.0543275   .0129074    -1.33   0.182   .007704  -.079626 -.029029
_Isi~364*|  -.0521064   .0160891    -1.34   0.180   .020031   -.08364 -.020572
_Isi~366*|   .0131238   .0832867     0.17   0.865   .015408  -.150115  .176363
_Isi~369*|  -.0504437   .0182199    -1.24   0.215   .023112  -.086154 -.014733
_Isi~371*|   -.063715   .0108997    -2.06   0.039   .052388  -.085078 -.042352
_Isi~372*|  -.0561651   .0128211    -1.20   0.229   .013867  -.081294 -.031036
_Isi~374*|  -.0308009   .0534349    -0.41   0.680   .004622  -.135531   .07393
_Isi~381*|  -.0406107   .0316569    -0.76   0.449   .020031  -.102657  .021436
_Isi~384*|  -.0375206   .0332234    -0.72   0.473    .01849  -.102637  .027596
_Isi~399*|  -.0455272   .0281416    -0.80   0.424   .009245  -.100684  .009629
_Isi~671*|   .0780041   .1716479     0.60   0.547   .006163   -.25842  .414428
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0580757  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est4 stored)

. eststo:xi:dprobit pace  w_net  nobs  w_workstation  $collapse $firm $noise_a cc* i.sic  , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Inobs_7 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -201.04722
Iteration 2:   log pseudolikelihood =   -194.978
Iteration 3:   log pseudolikelihood =  -194.3311
Iteration 4:   log pseudolikelihood = -194.25508
Iteration 5:   log pseudolikelihood = -194.23499
Iteration 6:   log pseudolikelihood = -194.22883
Iteration 7:   log pseudolikelihood = -194.22687
Iteration 8:   log pseudolikelihood = -194.22624
Iteration 9:   log pseudolikelihood = -194.22603
Iteration 10:  log pseudolikelihood = -194.22596
Iteration 11:  log pseudolikelihood = -194.22594
Iteration 12:  log pseudolikelihood = -194.22593
Iteration 13:  log pseudolikelihood = -194.22593
Iteration 14:  log pseudolikelihood = -194.22592
Iteration 15:  log pseudolikelihood = -194.22592
Iteration 16:  log pseudolikelihood = -194.22592
Iteration 17:  log pseudolikelihood = -194.22592
Iteration 18:  log pseudolikelihood = -194.22592
Iteration 19:  log pseudolikelihood = -194.22592
Iteration 20:  log pseudolikelihood = -194.22592

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(101)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -194.22592                       Pseudo R2     = 0.2904

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
   w_net |  -.0350909   .0264558    -1.32   0.186   .362801  -.086943  .016761
    nobs |  -.0007531   .0110152    -0.07   0.946   5.40678  -.022342  .020836
w_work~n |   .1166668   .0520757     2.29   0.022   .028197     .0146  .218733
_Inobs_2*|  -.0840182   .0124107    -7.68   0.000   .024653  -.108343 -.059694
_Inobs_3*|  -.0611774   .0179266    -1.51   0.130   .047766  -.096313 -.026042
_Inobs_4*|  -.0644789   .0121837    -2.12   0.034   .046225  -.088358 -.040599
_Inobs_5*|  -.0057535   .0394811    -0.14   0.887   .109399  -.083135  .071628
_Inobs_6*|  -.0353318   .0471844    -0.82   0.414   .699538  -.127811  .057148
    ln_N |   .0050342    .011904     0.43   0.669   4.17367  -.018297  .028366
ln_N_m~s*|   .9415744   .1392409     0.42   0.672   .016949   .668667  1.21448
   share |  -.0057315    .014982    -0.38   0.705  -8.33264  -.035096  .023633
sharem~s*|  -.1186836    .181962    -0.38   0.706   .077042  -.475323  .237955
   MNE_f*|   .0546393   .0293087     1.95   0.051   .371341  -.002805  .112083
   MNE_d*|   .0303271   .0283281     1.12   0.262    .31433  -.025195  .085849
  onsite*|  -.0110077   .0199252    -0.56   0.574   .607088   -.05006  .028045
     aa3*|  -.0409901    .054057    -0.48   0.631   .013867   -.14694   .06496
     aa5*|  -.0601953    .014635    -1.34   0.180   .013867  -.088879 -.031511
     aa6*|  -.0473234   .0485596    -0.66   0.510    .09245  -.142498  .047852
     aa8*|  -.0705152   .0116703    -1.99   0.047   .038521  -.093389 -.047642
    aa10*|   .1123458   .2134433     0.72   0.471   .026194  -.305996  .530687
    aa14*|   -.083988   .0235485    -1.71   0.088   .120185  -.130142 -.037834
    aa15*|  -.0459378   .0594132    -0.50   0.615   .060092  -.162385   .07051
    aa16*|  -.0708144   .0147399    -1.76   0.078   .058552  -.099704 -.041925
    aa19*|  -.0505056   .0349386    -0.76   0.450   .030817  -.118984  .017973
    aa23*|  -.0918893   .0196159    -2.31   0.021   .104777  -.130336 -.053443
    aa25*|  -.0881615   .0133756    -5.74   0.000   .035439  -.114377 -.061946
    aa26*|  -.0726759   .0119383    -2.01   0.044   .043143  -.096075 -.049277
    aa31*|  -.0723638   .0193242    -1.44   0.149   .070878  -.110239 -.034489
    aa32*|   .0100592   .1152575     0.09   0.927   .026194  -.215841   .23596
    aa35*|  -.0703658   .0196596    -1.48   0.138   .077042  -.108898 -.031834
    aa36*|   .9630487   .0068714     6.64   0.000    .03698   .949581  .976516
    aa38*|  -.0478503   .0425322    -0.61   0.540    .01849  -.131212  .035511
    aa39*|  -.0810344   .0197344    -1.75   0.080   .100154  -.119713 -.042356
    aa40*|     .32542   .3640123     1.32   0.188   .006163  -.388031  1.03887
    aa43*|   .0464189   .1531806     0.37   0.714   .020031   -.25381  .346647
reliab~y |  -.0057575   .0072539    -0.80   0.422   7.45917  -.019975   .00846
reliab~s*|  -.0666543   .0124561    -0.64   0.519   .007704  -.091068 -.042241
     dd2*|  -.0281781   .0386727    -0.61   0.539   .115562  -.103975  .047619
     dd3*|  -.0291597   .0400131    -0.63   0.530   .171032  -.107584  .049265
     dd4*|  -.0253226   .0436072    -0.52   0.604   .189522  -.110791  .060146
     dd5*|  -.0330957   .0378807    -0.75   0.451   .198767   -.10734  .041149
     dd6*|  -.0547038   .0238015    -1.53   0.127   .114022  -.101354 -.008054
     dd7*|   .0820564   .1282859     0.83   0.404   .032357  -.169379  .333492
     dd8*|   .0078836    .056144     0.15   0.885   .152542  -.102157  .117924
i_comp~e |   .0006667   .0008054     0.82   0.411   13.9521  -.000912  .002245
i_seni~y |  -.0048509   .0110799    -0.44   0.662   1.51772  -.026567  .016865
i_seni~s*|  -.0699224   .0199168    -0.45   0.656   .013867  -.108959 -.030886
duration |  -.0001315   .0008445    -0.16   0.876   44.7211  -.001787  .001524
durati~s*|  -.0473507   .0582563    -0.44   0.658   .015408  -.161531   .06683
   cc_fr*|  -.0273484   .0709076    -0.32   0.746   .120185  -.166325  .111628
   cc_ge*|      .0417   .0893942     0.53   0.594   .186441   -.13351  .216909
   cc_it*|   .9540925   .0074695        .       .   .032357   .939452  .968733
   cc_po*|  -.0980126   .0138788        .       .   .035439  -.125215 -.070811
   cc_sw*|   .2989559   .1716926     2.51   0.012   .183359  -.037555  .635467
   cc_uk*|    .004517   .0457782     0.10   0.920   .278891  -.085207  .094241
_Isi~202*|  -.0095436   .0688311    -0.13   0.897   .016949   -.14445  .125363
_Isi~205*|   .0286948   .1074961     0.31   0.759   .016949  -.181994  .239383
_Isi~206*|   .0349382   .1363519     0.30   0.763   .009245  -.232307  .302183
_Isi~221*|   .1565857   .2821715     0.80   0.425   .004622   -.39646  .709632
_Isi~224*|   .0582591   .1748594     0.42   0.676   .003082  -.284459  .400977
_Isi~228*|   .0289353   .1095101     0.30   0.762   .009245  -.185701  .243571
_Isi~229*|  -.0338934   .0476763    -0.51   0.612   .016949  -.127337   .05955
_Isi~232*|  -.0202315    .067263    -0.26   0.798   .010786  -.152065  .111601
_Isi~251*|    .084904    .165179     0.68   0.496    .01849  -.238841  .408649
_Isi~254*|   .5574299    .325224     2.16   0.031   .003082  -.079997  1.19486
_Isi~262*|   .0726233   .1166803     0.81   0.420   .033898  -.156066  .301312
_Isi~265*|  -.0325875   .0438953    -0.55   0.581   .035439  -.118621  .053446
_Isi~267*|  -.0398675    .037465    -0.69   0.488   .020031  -.113298  .033563
_Isi~273*|   .1329821   .2190444     0.86   0.391   .009245  -.296337  .562301
_Isi~274*|   .5335811    .406205     1.70   0.090   .003082  -.262566  1.32973
_Isi~275*|  -.0329578   .0412877    -0.59   0.555   .029276   -.11388  .047965
_Isi~279*|   .5145065    .384788     1.76   0.078   .003082  -.239664  1.26868
_Isi~282*|  -.0554588   .0183575    -1.26   0.208   .021572  -.091439 -.019479
_Isi~285*|  -.0638696   .0108482    -1.77   0.077   .023112  -.085132 -.042608
_Isi~286*|  -.0206589   .0626221    -0.28   0.780   .010786  -.143396  .102078
_Isi~287*|  -.0274792   .0532621    -0.41   0.685   .015408  -.131871  .076913
_Isi~289*|    .025765   .0899671     0.33   0.745    .01849  -.150567  .202097
_Isi~299*|   .0375758   .1386685     0.32   0.748   .004622  -.234209  .309361
_Isi~306*|   .0803865   .1412525     0.75   0.455   .020031  -.196463  .357236
_Isi~308*|   .0026217   .0634531     0.04   0.967   .080123  -.121744  .126987
_Isi~323*|   .0156927   .1312397     0.13   0.897   .007704  -.241532  .272918
_Isi~326*|   .0650947   .1641356     0.51   0.613   .010786  -.256605  .386795
_Isi~331*|  -.0288083    .048208    -0.46   0.642   .023112  -.123294  .065678
_Isi~333*|  -.0420171   .0354104    -0.74   0.460   .020031   -.11142  .027386
_Isi~342*|   .1681341   .3027169     0.80   0.421   .006163   -.42518  .761448
_Isi~344*|   .0144038    .089813     0.17   0.862   .023112  -.161626  .190434
_Isi~347*|   .9402093   .0095337        .       .   .003082   .921523  .958895
_Isi~349*|  -.0428039      .0313    -0.92   0.357    .07396  -.104151  .018543
_Isi~352*|    .041679   .1319857     0.38   0.705   .006163  -.217008  .300366
_Isi~354*|  -.0570225   .0188658    -1.20   0.228   .026194  -.093999 -.020046
_Isi~355*|  -.0295835   .0415513    -0.56   0.576   .050847  -.111023  .051856
_Isi~356*|  -.0386483   .0328367    -0.82   0.415   .050847  -.103007  .025711
_Isi~357*|  -.0373651    .053392    -0.47   0.639   .007704  -.142012  .067281
_Isi~362*|  -.0264159   .0427346    -0.50   0.618   .040062  -.110174  .057342
_Isi~363*|  -.0411953   .0406384    -0.63   0.529   .007704  -.120845  .038455
_Isi~364*|  -.0440804    .031294    -0.84   0.399   .020031  -.105416  .017255
_Isi~366*|   .1175276   .1507901     1.09   0.277   .015408  -.178016  .413071
_Isi~369*|   -.040099    .037538    -0.69   0.488   .023112  -.113672  .033474
_Isi~371*|  -.0651048   .0127465    -1.85   0.064   .052388  -.090088 -.040122
_Isi~372*|  -.0369866   .0522992    -0.48   0.632   .013867  -.139491  .065518
_Isi~374*|   .0102407   .1025637     0.11   0.916   .004622   -.19078  .211262
_Isi~381*|   .0015018   .0807608     0.02   0.985   .020031  -.156786   .15979
_Isi~384*|   .0162438   .0886195     0.20   0.842    .01849  -.157447  .189935
_Isi~399*|  -.0330716   .0540767    -0.44   0.659   .009245   -.13906  .072917
_Isi~671*|   .1545275   .2448198     0.90   0.367   .006163  -.325311  .634366
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0626055  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est5 stored)

. eststo:xi:dprobit pace  w_net nobs  w_workstation lpcemp lpcempm  ldegree_t* $collapse $firm $noise_a cc* i.sic   , cluster(company_
> id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Inobs_7 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -196.94188
Iteration 2:   log pseudolikelihood = -189.57158
Iteration 3:   log pseudolikelihood = -188.63457
Iteration 4:   log pseudolikelihood = -188.54163
Iteration 5:   log pseudolikelihood =  -188.5199
Iteration 6:   log pseudolikelihood = -188.51333
Iteration 7:   log pseudolikelihood = -188.51126
Iteration 8:   log pseudolikelihood =  -188.5106
Iteration 9:   log pseudolikelihood = -188.51038
Iteration 10:  log pseudolikelihood =  -188.5103
Iteration 11:  log pseudolikelihood = -188.51028
Iteration 12:  log pseudolikelihood = -188.51027
Iteration 13:  log pseudolikelihood = -188.51027
Iteration 14:  log pseudolikelihood = -188.51027
Iteration 15:  log pseudolikelihood = -188.51026
Iteration 16:  log pseudolikelihood = -188.51026
Iteration 17:  log pseudolikelihood = -188.51026
Iteration 18:  log pseudolikelihood = -188.51026
Iteration 19:  log pseudolikelihood = -188.51026
Iteration 20:  log pseudolikelihood = -188.51026

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(105)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -188.51026                       Pseudo R2     = 0.3113

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
   w_net |  -.0415464   .0253126    -1.63   0.103   .362801  -.091158  .008065
    nobs |   .0027662   .0101797     0.27   0.785   5.40678  -.017186  .022718
w_work~n |    .103512   .0475798     2.23   0.026   .028197   .010257  .196767
  lpcemp |   .0205249   .0144265     1.44   0.150  -2.52755   -.00775    .0488
 lpcempm*|   .9715578   .0148287     1.52   0.130   .016949   .942494  1.00062
ldegre~t |   .0326515   .0105642     3.03   0.002   2.02669   .011946  .053357
ldegre~s*|   .0940159   .0671054     1.81   0.070   .127889  -.037508   .22554
_Inobs_2*|  -.0758293   .0120445    -8.16   0.000   .024653  -.099436 -.052223
_Inobs_3*|  -.0485275   .0227233    -1.14   0.253   .047766  -.093064 -.003991
_Inobs_4*|  -.0567408   .0118131    -2.04   0.041   .046225  -.079894 -.033588
_Inobs_5*|   .0103216   .0431354     0.25   0.801   .109399  -.074222  .094866
_Inobs_6*|  -.0163363   .0401698    -0.43   0.669   .699538  -.095068  .062395
    ln_N |   .0048362   .0109978     0.44   0.657   4.17367  -.016719  .026392
ln_N_m~s*|   .9497735   .0846624     0.45   0.654   .016949   .783838  1.11571
   share |  -.0025469   .0143188    -0.18   0.859  -8.33264  -.030611  .025517
sharem~s*|  -.0788097   .1453141    -0.18   0.856   .077042   -.36362  .206001
   MNE_f*|   .0410193   .0283486     1.52   0.128   .371341  -.014543  .096582
   MNE_d*|   .0255061   .0269963     0.99   0.322    .31433  -.027406  .078418
  onsite*|  -.0035806   .0181344    -0.20   0.842   .607088  -.039123  .031962
     aa3*|  -.0429205   .0351535    -0.65   0.516   .013867   -.11182  .025979
     aa5*|  -.0581104   .0098126    -2.14   0.032   .013867  -.077343 -.038878
     aa6*|    -.06553   .0201173    -1.46   0.143    .09245  -.104959 -.026101
     aa8*|  -.0645877    .010828    -2.30   0.021   .038521   -.08581 -.043365
    aa10*|   .0882469   .1779135     0.67   0.501   .026194  -.260457  .436951
    aa14*|  -.0875726   .0192935    -2.42   0.015   .120185  -.125387 -.049758
    aa15*|  -.0556894   .0289888    -0.88   0.379   .060092  -.112506  .001128
    aa16*|  -.0681567   .0120345    -2.33   0.020   .058552  -.091744 -.044569
    aa19*|  -.0490737   .0242997    -0.92   0.356   .030817    -.0967 -.001447
    aa23*|  -.0942985   .0184975    -3.11   0.002   .104777  -.130553 -.058044
    aa25*|  -.0827255   .0130739    -6.55   0.000   .035439   -.10835 -.057101
    aa26*|  -.0691077   .0111727    -2.64   0.008   .043143  -.091006  -.04721
    aa31*|  -.0717126   .0146484    -2.06   0.040   .070878  -.100423 -.043002
    aa32*|  -.0171152   .0681049    -0.22   0.828   .026194  -.150598  .116368
    aa35*|  -.0696816   .0142188    -2.04   0.041   .077042   -.09755 -.041813
    aa36*|   .9667449   .0062387        .       .    .03698   .954517  .978972
    aa38*|  -.0537481     .01642    -1.06   0.291    .01849  -.085931 -.021565
    aa39*|  -.0820184   .0164119    -2.46   0.014   .100154  -.114185 -.049852
    aa40*|   .1475909   .2630918     0.82   0.413   .006163   -.36806  .663241
    aa43*|   .0125127   .1026218     0.13   0.895   .020031  -.188622  .213648
reliab~y |  -.0087929   .0068662    -1.31   0.190   7.45917   -.02225  .004665
reliab~s*|  -.0628395   .0123362    -1.11   0.267   .007704  -.087018 -.038661
     dd1*|  -.0384866   .0290653    -0.84   0.399   .026194  -.095454   .01848
     dd2*|  -.0573486   .0220527    -1.58   0.115   .115562  -.100571 -.014126
     dd3*|  -.0637245   .0251932    -1.70   0.089   .171032  -.113102 -.014347
     dd4*|  -.0608044   .0280084    -1.56   0.119   .189522    -.1157 -.005909
     dd5*|  -.0660719   .0274145    -1.72   0.085   .198767  -.119803  -.01234
     dd6*|  -.0714435   .0161343    -2.56   0.010   .114022  -.103066 -.039821
     dd8*|   -.041637   .0339204    -0.94   0.350   .152542   -.10812  .024846
i_comp~e |   .0003482   .0007651     0.45   0.650   13.9521  -.001151  .001848
i_seni~y |  -.0096072   .0104409    -0.92   0.359   1.51772  -.030071  .010857
i_seni~s*|  -.0718395   .0205159    -0.96   0.338   .013867   -.11205 -.031629
duration |  -.0004235   .0007816    -0.54   0.590   44.7211  -.001955  .001108
durati~s*|  -.0499286   .0315161    -0.62   0.536   .015408  -.111699  .011842
   cc_fr*|    .009024   .0999115     0.09   0.925   .120185  -.186799  .204847
   cc_ge*|   .1133722   .1212275     1.25   0.213   .186441  -.124229  .350974
   cc_it*|   .9597032   .0071066        .       .   .032357   .945775  .973632
   cc_po*|  -.0890482   .0140363    -6.81   0.000   .035439  -.116559 -.061538
   cc_sw*|   .4384643    .195641     3.17   0.002   .183359   .055015  .821914
   cc_uk*|   .0410664   .0532359     0.87   0.383   .278891  -.063274  .145407
_Isi~202*|   -.026728   .0437294    -0.47   0.642   .016949  -.112436   .05898
_Isi~205*|   .0077007   .0838641     0.10   0.923   .016949   -.15667  .172071
_Isi~206*|  -.0146288   .0770963    -0.17   0.867   .009245  -.165735  .136477
_Isi~221*|   .1756059   .3015356     0.87   0.386   .004622  -.415393  .766605
_Isi~224*|   .0330485   .1325953     0.30   0.768   .003082  -.226833   .29293
_Isi~228*|   .0250682   .1000027     0.29   0.774   .009245  -.170933   .22107
_Isi~229*|  -.0490398   .0181959    -1.11   0.269   .016949  -.084703 -.013376
_Isi~232*|  -.0316517     .04508    -0.49   0.624   .010786  -.120007  .056704
_Isi~251*|   .0725819   .1510927     0.64   0.524    .01849  -.223554  .368718
_Isi~254*|   .3523187   .3766576     1.41   0.160   .003082  -.385917  1.09055
_Isi~262*|   .0264978   .0812028     0.38   0.707   .033898  -.132657  .185652
_Isi~265*|  -.0446905   .0234955    -1.01   0.312   .035439  -.090741   .00136
_Isi~267*|   -.050703   .0153477    -1.34   0.180   .020031  -.080784 -.020622
_Isi~273*|  -.0213181   .0624233    -0.28   0.781   .009245  -.143666  .101029
_Isi~274*|    .627433    .360817     2.04   0.041   .003082  -.079755  1.33462
_Isi~275*|  -.0403997   .0256842    -0.94   0.348   .029276   -.09074  .009941
_Isi~279*|   .4948249   .3996437     1.71   0.088   .003082  -.288462  1.27811
_Isi~282*|  -.0570049   .0103557    -1.76   0.079   .021572  -.077302 -.036708
_Isi~285*|  -.0593146    .009649    -2.15   0.032   .023112  -.078226 -.040403
_Isi~286*|  -.0489335   .0171745    -1.16   0.246   .010786  -.082595 -.015272
_Isi~287*|  -.0413955   .0271097    -0.85   0.394   .015408   -.09453  .011739
_Isi~289*|  -.0338421   .0320942    -0.71   0.478    .01849  -.096746  .029061
_Isi~299*|  -.0280664   .0493986    -0.42   0.676   .004622  -.124886  .068753
_Isi~306*|  -.0001211   .0726425    -0.00   0.999   .020031  -.142498  .142256
_Isi~308*|  -.0301151   .0346744    -0.66   0.509   .080123  -.098076  .037845
_Isi~323*|  -.0218062   .0730607    -0.24   0.808   .007704  -.165003   .12139
_Isi~326*|  -.0116507   .0757082    -0.14   0.889   .010786  -.160036  .136735
_Isi~331*|  -.0392302   .0282546    -0.84   0.402   .023112  -.094608  .016148
_Isi~333*|   -.042323   .0262006    -0.89   0.376   .020031  -.093675  .009029
_Isi~342*|   .0398666   .1626156     0.30   0.766   .006163  -.278854  .358587
_Isi~344*|  -.0041352   .0652017    -0.06   0.951   .023112  -.131928  .123658
_Isi~347*|   .9465362   .0091601        .       .   .003082   .928583   .96449
_Isi~349*|   -.054653   .0165032    -1.61   0.107    .07396  -.086999 -.022307
_Isi~352*|  -.0186677   .0601389    -0.26   0.794   .006163  -.136538  .099202
_Isi~354*|  -.0587488   .0101448    -1.86   0.063   .026194  -.078632 -.038865
_Isi~355*|  -.0505074   .0175033    -1.41   0.159   .050847  -.084813 -.016202
_Isi~356*|  -.0481042   .0186522    -1.33   0.183   .050847  -.084662 -.011547
_Isi~357*|  -.0466018   .0242176    -0.85   0.397   .007704  -.094067  .000864
_Isi~362*|  -.0476131   .0186429    -1.31   0.191   .040062  -.084153 -.011074
_Isi~363*|  -.0523871   .0127945    -1.31   0.191   .007704  -.077464  -.02731
_Isi~364*|  -.0519274    .013994    -1.45   0.147   .020031  -.079355   -.0245
_Isi~366*|   .0053931    .073036     0.08   0.939   .015408  -.137755  .148541
_Isi~369*|  -.0516943   .0148107    -1.37   0.169   .023112  -.080723 -.022666
_Isi~371*|  -.0619394   .0105284    -2.10   0.035   .052388  -.082575 -.041304
_Isi~372*|  -.0538666   .0131274    -1.16   0.247   .013867  -.079596 -.028137
_Isi~374*|  -.0318527   .0484642    -0.45   0.651   .004622  -.126841  .063135
_Isi~381*|  -.0440018    .025329    -0.89   0.375   .020031  -.093646  .005642
_Isi~384*|  -.0417163   .0258028    -0.89   0.374    .01849  -.092289  .008856
_Isi~399*|  -.0454487   .0247568    -0.85   0.393   .009245  -.093971  .003074
_Isi~671*|   .0728081   .1663157     0.58   0.563   .006163  -.253165  .398781
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0561741  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est6 stored)

. esttab using Table4_marg.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(nostar fmt(3))) star(* 0.10 ** 0.05 *** 0.01) drop( nobs dd
> * onsite reliability i_comptenure*  i_seniority* duration* _cons reliabilitymiss  cc_* ldegree_tmiss ln_N_miss sharemiss aa* lpcempm
>  _I*) nogap margin
(note: file Table4_marg.csv not found)
(output written to Table4_marg.csv)

. 
. 
. ******
. * Table 5. PM Span
. ******
. u ictorg, clear

. 
. cap estimates drop *

. eststo:xi:areg lspa  w_workstation $collapse $firm $noise_a cc* if levels_ceopm>0 & sa4==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  74,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2042
                                                  Adj R-squared   =     0.0041
                                                  Root MSE        =     0.5248

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |    .253111   .1167776     2.17   0.030     .0239078    .4823142
        _Inobs_2 |  -.0566252    .183643    -0.31   0.758    -.4170674     .303817
        _Inobs_3 |  -.0587683   .1796723    -0.33   0.744     -.411417    .2938804
        _Inobs_4 |   .0607423   .1582591     0.38   0.701    -.2498781    .3713627
        _Inobs_5 |  -.0361927   .1347163    -0.27   0.788    -.3006048    .2282194
        _Inobs_6 |  -.0180724   .1246617    -0.14   0.885      -.26275    .2266052
        _Inobs_7 |  -.0376344   .1662759    -0.23   0.821    -.3639896    .2887207
            ln_N |   .0619321   .0263395     2.35   0.019     .0102348    .1136295
       ln_N_miss |   11.48895   5.353484     2.15   0.032      .981489    21.99641
           share |   .0475504   .0326108     1.46   0.145    -.0164558    .1115566
       sharemiss |          0  (omitted)
           MNE_f |   .0338392   .0553622     0.61   0.541    -.0748219    .1425003
           MNE_d |   .0711212   .0572793     1.24   0.215    -.0413028    .1835453
          onsite |   .0200763   .0469908     0.43   0.669     -.072154    .1123066
         onsitem |   1.937148   4.679315     0.41   0.679    -7.247097    11.12139
             aa1 |   .0060196   .2566863     0.02   0.981     -.497787    .5098261
             aa2 |   .8682665   .2083255     4.17   0.000     .4593793    1.277154
             aa3 |  -.2663869   .3064142    -0.87   0.385     -.867796    .3350222
             aa4 |   .4410307   .4859834     0.91   0.364    -.5128248    1.394886
             aa5 |   .1408767   .1987818     0.71   0.479    -.2492787    .5310322
             aa6 |  -.1237369   .1860581    -0.67   0.506    -.4889192    .2414455
             aa7 |  -.5224391   .3641069    -1.43   0.152    -1.237084    .1922054
             aa8 |  -.1394745    .153176    -0.91   0.363    -.4401179     .161169
             aa9 |   .3370669   .2120442     1.59   0.112    -.0791193     .753253
            aa10 |  -.3731042   .1722229    -2.17   0.031    -.7111317   -.0350767
            aa11 |          0  (omitted)
            aa12 |   .3532847   .4158633     0.85   0.396    -.4629438    1.169513
            aa13 |   .2663955   .2634377     1.01   0.312    -.2506622    .7834533
            aa14 |  -.1195905   .1760228    -0.68   0.497    -.4650762    .2258952
            aa15 |  -.2559147   .2185751    -1.17   0.242    -.6849191    .1730898
            aa16 |  -.0945805   .1713607    -0.55   0.581    -.4309157    .2417547
            aa17 |  -.0482777   .2937756    -0.16   0.870    -.6248806    .5283252
            aa18 |          0  (omitted)
            aa19 |  -.0701555   .1611758    -0.44   0.663    -.3865005    .2461895
            aa20 |   .0349795   .2374257     0.15   0.883    -.4310238    .5009828
            aa21 |  -.4695147    .283893    -1.65   0.099    -1.026721    .0876914
            aa22 |   .3757562   .1962219     1.91   0.056    -.0093748    .7608873
            aa23 |   .0593538   .1819047     0.33   0.744    -.2976766    .4163842
            aa24 |  -.1919081   .3178417    -0.60   0.546    -.8157464    .4319302
            aa25 |   .1075449   .3972609     0.27   0.787    -.6721721     .887262
            aa26 |  -.0155985   .1496432    -0.10   0.917    -.3093082    .2781112
            aa27 |   .0394726   .2112769     0.19   0.852    -.3752075    .4541528
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.175311   .2055163     5.72   0.000     .7719372    1.578684
            aa31 |   .0305682   .1856733     0.16   0.869    -.3338588    .3949952
            aa32 |  -.2775965   .2793568    -0.99   0.321    -.8258993    .2707063
            aa33 |          0  (omitted)
            aa34 |  -.3239547   .2191002    -1.48   0.140    -.7539899    .1060804
            aa35 |  -.1120047   .1508301    -0.74   0.458    -.4080438    .1840345
            aa36 |  -.0377226    .290569    -0.13   0.897    -.6080318    .5325866
            aa37 |          0  (omitted)
            aa38 |   .0996394   .2015425     0.49   0.621    -.2959345    .4952134
            aa39 |  -.0187961   .1808518    -0.10   0.917    -.3737599    .3361677
            aa40 |   .0379488   .2247874     0.17   0.866    -.4032488    .4791464
            aa41 |  -.6017203   .2968026    -2.03   0.043    -1.184265   -.0191761
            aa42 |          0  (omitted)
            aa43 |   .0302208   .1689937     0.18   0.858    -.3014686    .3619102
            aa44 |   -.392618   .1923725    -2.04   0.042    -.7701939   -.0150422
            aa45 |  -.0915516   .2435914    -0.38   0.707    -.5696563    .3865531
            aa46 |  -.0963031   .2475418    -0.39   0.697    -.5821616    .3895553
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0112587    .015505     0.73   0.468    -.0191734    .0416908
 reliabilitymiss |   2.060675   1.690089     1.22   0.223    -1.256519    5.377869
             dd1 |  -.0950955   .1562199    -0.61   0.543    -.4017134    .2115224
             dd2 |  -.0380411   .0822731    -0.46   0.644    -.1995211     .123439
             dd3 |   .0524749   .0777656     0.67   0.500    -.1001581    .2051079
             dd4 |  -.0156604    .073784    -0.21   0.832    -.1604786    .1291578
             dd5 |   -.030605   .0735136    -0.42   0.677    -.1748926    .1136826
             dd6 |  -.0022746   .0805758    -0.03   0.977    -.1604233    .1558742
             dd7 |  -.1607948    .116129    -1.38   0.167     -.388725    .0671354
             dd8 |          0  (omitted)
    i_comptenure |  -.0015497   .0019354    -0.80   0.424    -.0053485     .002249
i_comptenuremiss |  -.6714728   .2921584    -2.30   0.022    -1.244902    -.098044
     i_seniority |  -.0280938   .0270647    -1.04   0.300    -.0812146     .025027
 i_senioritymiss |  -2.913951   2.771533    -1.05   0.293    -8.353729    2.525826
        duration |  -.0049801   .0018979    -2.62   0.009    -.0087052    -.001255
    durationmiss |  -.9899214   .3185683    -3.11   0.002    -1.615186    -.364657
           cc_cn |          0  (omitted)
           cc_fr |  -.0063189   .1664664    -0.04   0.970     -.333048    .3204101
           cc_ge |  -.0018751   .1221422    -0.02   0.988    -.2416075    .2378573
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3602998   .3940217    -0.91   0.361    -1.133659    .4130595
           cc_jp |          0  (omitted)
           cc_po |  -.0325944   .2790324    -0.12   0.907    -.5802604    .5150716
           cc_pt |   .6760247   .2785716     2.43   0.015     .1292631    1.222786
           cc_sw |   .0149297    .145863     0.10   0.918    -.2713604    .3012198
           cc_uk |  -.0978143   .0819404    -1.19   0.233    -.2586414    .0630128
           _cons |   1.880053   .3390685     5.54   0.000     1.214552    2.545554
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est1 stored)

. eststo:xi:areg lspa  w_workstation lpcemp lpcempm ldegree_t*  $collapse $firm $noise_a cc* if levels_ceopm>0& sa4==1, cluster(compan
> y_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  78,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2109
                                                  Adj R-squared   =     0.0070
                                                  Root MSE        =     0.5240

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2439088   .1198615     2.03   0.042     .0086527    .4791649
          lpcemp |   .0044629   .0295985     0.15   0.880    -.0536311    .0625568
         lpcempm |   .5277119   2.912191     0.18   0.856     -5.18814    6.243564
       ldegree_t |   .0416266    .023099     1.80   0.072    -.0037106    .0869638
   ldegree_tmiss |   .1877973   .0827436     2.27   0.023     .0253937    .3502009
        _Inobs_2 |  -.0321498   .1874248    -0.17   0.864    -.4000146     .335715
        _Inobs_3 |  -.0356242   .1895189    -0.19   0.851    -.4075992    .3363508
        _Inobs_4 |   .0774195   .1739944     0.44   0.656    -.2640849     .418924
        _Inobs_5 |  -.0140117   .1493562    -0.09   0.925    -.3071579    .2791345
        _Inobs_6 |   .0147116   .1418367     0.10   0.917    -.2636759    .2930991
        _Inobs_7 |  -.0104083   .1787654    -0.06   0.954     -.361277    .3404605
            ln_N |   .0593325   .0264827     2.24   0.025      .007354     .111311
       ln_N_miss |   11.60998   5.428871     2.14   0.033     .9545597     22.2654
           share |   .0515682     .03334     1.55   0.122    -.0138693    .1170056
       sharemiss |          0  (omitted)
           MNE_f |   .0250811   .0563392     0.45   0.656    -.0854977    .1356598
           MNE_d |   .0658879     .05729     1.15   0.250     -.046557    .1783328
          onsite |   .0125151   .0465545     0.27   0.788    -.0788589    .1038892
         onsitem |   1.194604   4.634031     0.26   0.797    -7.900761    10.28997
             aa1 |    .036198   .2513943     0.14   0.886    -.4572219    .5296179
             aa2 |   .8521796   .2225514     3.83   0.000     .4153707    1.288989
             aa3 |   -.246536    .298693    -0.83   0.409    -.8327905    .3397186
             aa4 |   .5018468   .4851723     1.03   0.301    -.4504166     1.45411
             aa5 |   .1620773   .2044989     0.79   0.428    -.2392994     .563454
             aa6 |  -.1275458   .1918544    -0.66   0.506    -.5041047    .2490132
             aa7 |  -.4241553   .3668724    -1.16   0.248    -1.144228    .2959171
             aa8 |  -.1112469   .1600753    -0.69   0.487     -.425432    .2029383
             aa9 |   .2444728   .2218375     1.10   0.271     -.190935    .6798806
            aa10 |  -.3604401   .1754957    -2.05   0.040    -.7048912   -.0159889
            aa11 |          0  (omitted)
            aa12 |   .3764959   .4182284     0.90   0.368    -.4443747    1.197366
            aa13 |   .2687214   .2639616     1.02   0.309    -.2493646    .7868074
            aa14 |  -.1176468   .1846302    -0.64   0.524    -.4800265    .2447329
            aa15 |  -.3071807   .2237019    -1.37   0.170    -.7462476    .1318863
            aa16 |  -.0913448   .1757443    -0.52   0.603    -.4362839    .2535942
            aa17 |  -.0025894   .2892376    -0.01   0.993    -.5702856    .5651067
            aa18 |          0  (omitted)
            aa19 |  -.0464303   .1611164    -0.29   0.773    -.3626587    .2697981
            aa20 |   .0395334   .2418485     0.16   0.870    -.4351507    .5142174
            aa21 |  -.4109803   .3054723    -1.35   0.179    -1.010541    .1885801
            aa22 |   .4475995   .2014977     2.22   0.027     .0521134    .8430856
            aa23 |   .0448886   .1884587     0.24   0.812    -.3250054    .4147826
            aa24 |  -.1648527   .3476644    -0.47   0.635    -.8472249    .5175195
            aa25 |   .0979816   .3983781     0.25   0.806     -.683928    .8798913
            aa26 |  -.0100787   .1538235    -0.07   0.948    -.3119932    .2918357
            aa27 |   .0537574   .2158482     0.25   0.803    -.3698949    .4774097
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.270584   .2145632     5.92   0.000      .849454    1.691715
            aa31 |   .0463881   .1869209     0.25   0.804    -.3204877     .413264
            aa32 |  -.3664253   .3068638    -1.19   0.233     -.968717    .2358663
            aa33 |          0  (omitted)
            aa34 |  -.3432671   .2144635    -1.60   0.110    -.7642017    .0776675
            aa35 |  -.1043571   .1543353    -0.68   0.499     -.407276    .1985618
            aa36 |  -.0020109   .2879649    -0.01   0.994    -.5672091    .5631872
            aa37 |          0  (omitted)
            aa38 |   .1132719   .2107319     0.54   0.591    -.3003385    .5268823
            aa39 |  -.0040839   .1885013    -0.02   0.983    -.3740616    .3658937
            aa40 |   .0265468    .217347     0.12   0.903    -.4000472    .4531409
            aa41 |  -.5816566    .303998    -1.91   0.056    -1.178323    .0150103
            aa42 |          0  (omitted)
            aa43 |   .0628929   .1782063     0.35   0.724    -.2868784    .4126641
            aa44 |  -.3697077   .2015749    -1.83   0.067    -.7653454    .0259299
            aa45 |  -.0626816   .2488512    -0.25   0.801      -.55111    .4257468
            aa46 |  -.1143907    .246933    -0.46   0.643    -.5990541    .3702728
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0139884   .0154835     0.90   0.367    -.0164016    .0443785
 reliabilitymiss |   2.366051   1.699392     1.39   0.164    -.9694006    5.701503
             dd1 |  -.0884404   .1558909    -0.57   0.571    -.3944127    .2175318
             dd2 |  -.0472186   .0827778    -0.57   0.569    -.2096893    .1152522
             dd3 |     .03398   .0793681     0.43   0.669    -.1217983    .1897584
             dd4 |  -.0287732    .074505    -0.39   0.699    -.1750065    .1174602
             dd5 |  -.0358652   .0745133    -0.48   0.630     -.182115    .1103845
             dd6 |   -.021453    .081755    -0.26   0.793    -.1819163    .1390103
             dd7 |    -.17522    .116406    -1.51   0.133    -.4036938    .0532539
             dd8 |          0  (omitted)
    i_comptenure |  -.0015019   .0019324    -0.78   0.437    -.0052948    .0022909
i_comptenuremiss |  -.6387615    .282915    -2.26   0.024    -1.194048   -.0834749
     i_seniority |  -.0311888   .0273916    -1.14   0.255    -.0849513    .0225736
 i_senioritymiss |  -3.250779   2.803677    -1.16   0.247    -8.753648     2.25209
        duration |  -.0051586   .0018922    -2.73   0.007    -.0088725   -.0014446
    durationmiss |  -1.015556   .3237073    -3.14   0.002    -1.650907   -.3802048
           cc_cn |          0  (omitted)
           cc_fr |   .0091438   .1659597     0.06   0.956    -.3165907    .3348782
           cc_ge |   .0142966   .1262062     0.11   0.910    -.2334124    .2620056
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3786404   .3921292    -0.97   0.335    -1.148285    .3910044
           cc_jp |          0  (omitted)
           cc_po |  -.0527554   .2748877    -0.19   0.848    -.5922865    .4867757
           cc_pt |   .6363277   .2714226     2.34   0.019     .1035978    1.169058
           cc_sw |   .0396117   .1484606     0.27   0.790    -.2517767    .3310001
           cc_uk |  -.0870972   .0837989    -1.04   0.299     -.251572    .0773776
           _cons |   1.765459    .353887     4.99   0.000     1.070874    2.460045
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est2 stored)

. eststo:xi:areg lspa  w_net  $collapse $firm $noise_a cc* if levels_ceopm>0& sa4==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  74,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.1995
                                                  Adj R-squared   =    -0.0018
                                                  Root MSE        =     0.5263

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |  -.0122568   .0565767    -0.22   0.829    -.1233017    .0987881
        _Inobs_2 |  -.0413085   .1860975    -0.22   0.824    -.4065681    .3239512
        _Inobs_3 |  -.0494626   .1796887    -0.28   0.783    -.4021434    .3032182
        _Inobs_4 |   .0732663   .1589776     0.46   0.645    -.2387643    .3852969
        _Inobs_5 |  -.0153509    .136358    -0.11   0.910    -.2829852    .2522834
        _Inobs_6 |   .0026039   .1259606     0.02   0.984    -.2446232    .2498309
        _Inobs_7 |  -.0090027    .168747    -0.05   0.957    -.3402079    .3222025
            ln_N |   .0655036   .0264371     2.48   0.013     .0136147    .1173924
       ln_N_miss |   12.25732   5.348587     2.29   0.022     1.759469    22.75516
           share |   .0516374   .0325763     1.59   0.113    -.0123013     .115576
       sharemiss |          0  (omitted)
           MNE_f |     .03182   .0560068     0.57   0.570    -.0781063    .1417463
           MNE_d |   .0672047   .0572486     1.17   0.241    -.0451591    .1795685
          onsite |   .0187322   .0475045     0.39   0.693    -.0745065    .1119708
         onsitem |   1.799996   4.730526     0.38   0.704    -7.484763    11.08475
             aa1 |   .0038264   .2589276     0.01   0.988    -.5043792    .5120321
             aa2 |   .8563314   .2101707     4.07   0.000     .4438225     1.26884
             aa3 |  -.2611892    .306082    -0.85   0.394    -.8619462    .3395679
             aa4 |   .4186539   .4885472     0.86   0.392    -.5402337    1.377541
             aa5 |   .1495854   .1990686     0.75   0.453     -.241133    .5403039
             aa6 |  -.1053018   .1889845    -0.56   0.578    -.4762279    .2656242
             aa7 |   -.522576   .3691737    -1.42   0.157    -1.247165    .2020132
             aa8 |  -.1270387   .1530551    -0.83   0.407    -.4274449    .1733675
             aa9 |   .3464174   .2111308     1.64   0.101    -.0679759    .7608106
            aa10 |  -.3624973   .1725943    -2.10   0.036    -.7012537   -.0237409
            aa11 |          0  (omitted)
            aa12 |   .3379798   .4195625     0.81   0.421    -.4855091    1.161469
            aa13 |   .3371447   .2419731     1.39   0.164    -.1377838    .8120733
            aa14 |  -.0992094   .1769453    -0.56   0.575    -.4465058    .2480869
            aa15 |  -.2710682   .2196905    -1.23   0.218    -.7022619    .1601255
            aa16 |  -.0745252   .1709777    -0.44   0.663    -.4101087    .2610582
            aa17 |  -.0599833   .2950683    -0.20   0.839    -.6391234    .5191569
            aa18 |          0  (omitted)
            aa19 |  -.0523341   .1627927    -0.32   0.748    -.3718526    .2671844
            aa20 |   .0569518   .2343986     0.24   0.808      -.40311    .5170136
            aa21 |   -.459219   .2835519    -1.62   0.106    -1.015756    .0973176
            aa22 |   .4000319    .203946     1.96   0.050    -.0002595    .8003233
            aa23 |   .0789029   .1836694     0.43   0.668    -.2815911    .4393968
            aa24 |   -.184808   .3213868    -0.58   0.565    -.8156044    .4459884
            aa25 |   .0830024   .3996197     0.21   0.836    -.7013442     .867349
            aa26 |   .0164753   .1465778     0.11   0.911    -.2712176    .3041683
            aa27 |   .0496041   .2126251     0.23   0.816    -.3677221    .4669303
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |     1.1522   .2096079     5.50   0.000     .7407954    1.563604
            aa31 |   .0230197   .1864896     0.12   0.902    -.3430094    .3890489
            aa32 |  -.2742258    .280637    -0.98   0.329    -.8250411    .2765896
            aa33 |          0  (omitted)
            aa34 |  -.3206684   .2221695    -1.44   0.149    -.7567278     .115391
            aa35 |  -.0963629   .1508312    -0.64   0.523    -.3924042    .1996784
            aa36 |  -.0485215   .2920635    -0.17   0.868    -.6217641    .5247211
            aa37 |          0  (omitted)
            aa38 |   .1133912    .201474     0.56   0.574    -.2820484    .5088308
            aa39 |  -.0008337   .1811945    -0.00   0.996    -.3564701    .3548028
            aa40 |    .036589   .2264004     0.16   0.872    -.4077746    .4809525
            aa41 |  -.5662252   .2966866    -1.91   0.057    -1.148542    .0160913
            aa42 |          0  (omitted)
            aa43 |   .0429959    .168418     0.26   0.799    -.2875636    .3735553
            aa44 |  -.3859992   .1940762    -1.99   0.047     -.766919   -.0050794
            aa45 |  -.1134114   .2431824    -0.47   0.641    -.5907134    .3638906
            aa46 |  -.0932641   .2456208    -0.38   0.704     -.575352    .3888239
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0108741   .0155402     0.70   0.484    -.0196271    .0413752
 reliabilitymiss |   2.051621   1.694124     1.21   0.226    -1.273492    5.376734
             dd1 |  -.0867505   .1556681    -0.56   0.577    -.3922853    .2187843
             dd2 |  -.0257019   .0828055    -0.31   0.756    -.1882269    .1368231
             dd3 |   .0544708   .0784659     0.69   0.488    -.0995368    .2084784
             dd4 |  -.0160759   .0737539    -0.22   0.828    -.1608351    .1286833
             dd5 |  -.0228331   .0740682    -0.31   0.758    -.1682092    .1225429
             dd6 |  -.0037551   .0811429    -0.05   0.963    -.1630168    .1555067
             dd7 |   -.165577   .1164411    -1.42   0.155    -.3941197    .0629658
             dd8 |          0  (omitted)
    i_comptenure |   -.001553   .0019399    -0.80   0.424    -.0053606    .0022545
i_comptenuremiss |   -.664863   .2928057    -2.27   0.023    -1.239562   -.0901636
     i_seniority |  -.0259457   .0269043    -0.96   0.335    -.0787516    .0268602
 i_senioritymiss |  -2.696566   2.754742    -0.98   0.328    -8.103388    2.710255
        duration |  -.0049199   .0019045    -2.58   0.010    -.0086579    -.001182
    durationmiss |  -.9907024   .3177121    -3.12   0.002    -1.614286   -.3671184
           cc_cn |          0  (omitted)
           cc_fr |   .0051093   .1666771     0.03   0.976    -.3220334    .3322519
           cc_ge |  -.0165851   .1229393    -0.13   0.893    -.2578821    .2247119
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3359092   .3987934    -0.84   0.400    -1.118634    .4468157
           cc_jp |          0  (omitted)
           cc_po |  -.0054753   .2833552    -0.02   0.985    -.5616257    .5506752
           cc_pt |   .6858297   .2834459     2.42   0.016     .1295013    1.242158
           cc_sw |   .0049044   .1481606     0.03   0.974    -.2858952     .295704
           cc_uk |  -.0925815   .0838361    -1.10   0.270    -.2571293    .0719664
           _cons |   1.836598   .3401312     5.40   0.000     1.169011    2.504184
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est3 stored)

. eststo:xi:areg lspa  w_net  lpcemp lpcempm ldegree_t*  $collapse $firm $noise_a cc* if levels_ceopm>0 & sa4==1, cluster(company_id) 
> abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  78,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2066
                                                  Adj R-squared   =     0.0016
                                                  Root MSE        =     0.5254

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |  -.0156235   .0581575    -0.27   0.788    -.1297711    .0985242
          lpcemp |   .0055898   .0304143     0.18   0.854    -.0541052    .0652849
         lpcempm |   .6359109   2.994103     0.21   0.832    -5.240713    6.512534
       ldegree_t |   .0443106   .0230676     1.92   0.055    -.0009649     .089586
   ldegree_tmiss |   .1895128   .0829461     2.28   0.023     .0267117    .3523139
        _Inobs_2 |  -.0165686   .1898163    -0.09   0.930    -.3891272    .3559899
        _Inobs_3 |  -.0256801   .1893784    -0.14   0.892    -.3973793    .3460191
        _Inobs_4 |   .0892976   .1746128     0.51   0.609    -.2534206    .4320159
        _Inobs_5 |   .0062287   .1511966     0.04   0.967    -.2905297    .3029871
        _Inobs_6 |   .0353804   .1433168     0.25   0.805    -.2459122    .3166731
        _Inobs_7 |     .01756    .181083     0.10   0.923    -.3378575    .3729774
            ln_N |   .0629483   .0266191     2.36   0.018     .0107021    .1151946
       ln_N_miss |   12.39524   5.444885     2.28   0.023     1.708384    23.08209
           share |   .0557683   .0334243     1.67   0.096    -.0098346    .1213712
       sharemiss |          0  (omitted)
           MNE_f |   .0227539   .0567816     0.40   0.689    -.0886933     .134201
           MNE_d |   .0616103   .0571787     1.08   0.282    -.0506162    .1738368
          onsite |   .0109162   .0469818     0.23   0.816    -.0812966    .1031289
         onsitem |   1.033328   4.676176     0.22   0.825    -8.144755    10.21141
             aa1 |   .0350203   .2527161     0.14   0.890    -.4609939    .5310345
             aa2 |   .8376878    .225635     3.71   0.000     .3948266    1.280549
             aa3 |  -.2419018    .298126    -0.81   0.417    -.8270434    .3432399
             aa4 |   .4822967     .48683     0.99   0.322    -.4732206    1.437814
             aa5 |   .1722956   .2047369     0.84   0.400    -.2295482    .5741395
             aa6 |  -.1102148   .1943722    -0.57   0.571    -.4917154    .2712859
             aa7 |  -.4281211   .3715404    -1.15   0.250    -1.157356    .3011134
             aa8 |  -.0957436   .1594981    -0.60   0.548    -.4087958    .2173086
             aa9 |   .2469346   .2209945     1.12   0.264    -.1868186    .6806877
            aa10 |  -.3461184   .1754826    -1.97   0.049    -.6905438   -.0016929
            aa11 |          0  (omitted)
            aa12 |   .3628567   .4211185     0.86   0.389    -.4636863      1.1894
            aa13 |   .3372049    .242334     1.39   0.164    -.1384321    .8128419
            aa14 |  -.0967622   .1853419    -0.52   0.602    -.4605389    .2670145
            aa15 |  -.3212161   .2251482    -1.43   0.154    -.7631217    .1206896
            aa16 |  -.0704156   .1754214    -0.40   0.688    -.4147209    .2738898
            aa17 |  -.0121481   .2899087    -0.04   0.967    -.5811614    .5568652
            aa18 |          0  (omitted)
            aa19 |  -.0269795   .1623449    -0.17   0.868    -.3456193    .2916602
            aa20 |   .0614289   .2383918     0.26   0.797    -.4064705    .5293282
            aa21 |  -.3956939   .3060209    -1.29   0.196     -.996331    .2049433
            aa22 |   .4815365   .2116566     2.28   0.023     .0661112    .8969618
            aa23 |   .0635555   .1898743     0.33   0.738     -.309117     .436228
            aa24 |   -.158922   .3511451    -0.45   0.651    -.8481261     .530282
            aa25 |   .0727008   .4006357     0.18   0.856      -.71364    .8590416
            aa26 |    .021909   .1502791     0.15   0.884    -.2730488    .3168668
            aa27 |   .0650976   .2167174     0.30   0.764    -.3602607    .4904559
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.251799   .2198487     5.69   0.000     .8202951    1.683303
            aa31 |   .0393353   .1878573     0.21   0.834    -.3293783    .4080489
            aa32 |  -.3605947   .3083406    -1.17   0.243    -.9657849    .2445956
            aa33 |          0  (omitted)
            aa34 |  -.3383136   .2175951    -1.55   0.120    -.7653945    .0887674
            aa35 |  -.0880195   .1544053    -0.57   0.569    -.3910758    .2150368
            aa36 |  -.0115586   .2890332    -0.04   0.968    -.5788535    .5557363
            aa37 |          0  (omitted)
            aa38 |   .1288529   .2104703     0.61   0.541    -.2842441      .54195
            aa39 |   .0149292   .1887613     0.08   0.937    -.3555588    .3854172
            aa40 |   .0251728   .2181933     0.12   0.908    -.4030822    .4534279
            aa41 |  -.5468385   .3041481    -1.80   0.073      -1.1438    .0501229
            aa42 |          0  (omitted)
            aa43 |     .07765   .1775534     0.44   0.662    -.2708399    .4261399
            aa44 |   -.359709   .2024891    -1.78   0.076     -.757141     .037723
            aa45 |  -.0812404    .248569    -0.33   0.744    -.5691149     .406634
            aa46 |  -.1084121   .2453561    -0.44   0.659    -.5899806    .3731565
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0134769   .0155018     0.87   0.385    -.0169489    .0439027
 reliabilitymiss |   2.342607   1.701437     1.38   0.169    -.9968597    5.682074
             dd1 |  -.0800241   .1556064    -0.51   0.607     -.385438    .2253897
             dd2 |  -.0351056   .0834024    -0.42   0.674    -.1988022     .128591
             dd3 |   .0356721   .0801542     0.45   0.656    -.1216492    .1929935
             dd4 |  -.0292273   .0746272    -0.39   0.695    -.1757005    .1172459
             dd5 |  -.0276168    .075143    -0.37   0.713    -.1751025    .1198689
             dd6 |  -.0232143   .0823243    -0.28   0.778    -.1847948    .1383663
             dd7 |  -.1792387   .1169519    -1.53   0.126     -.408784    .0503066
             dd8 |          0  (omitted)
    i_comptenure |  -.0014995   .0019363    -0.77   0.439       -.0053     .002301
i_comptenuremiss |  -.6316993   .2837379    -2.23   0.026    -1.188601   -.0747976
     i_seniority |  -.0292227   .0271565    -1.08   0.282    -.0825236    .0240782
 i_senioritymiss |  -3.052599   2.779714    -1.10   0.272    -8.508434    2.403236
        duration |  -.0051296   .0019013    -2.70   0.007    -.0088613    -.001398
    durationmiss |  -1.017179   .3236379    -3.14   0.002    -1.652393    -.381964
           cc_cn |          0  (omitted)
           cc_fr |   .0231761   .1659648     0.14   0.889    -.3025684    .3489206
           cc_ge |   .0016224   .1272445     0.01   0.990    -.2481246    .2513695
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3520711   .3961982    -0.89   0.374    -1.129702      .42556
           cc_jp |          0  (omitted)
           cc_po |   -.026388   .2786739    -0.09   0.925    -.5733504    .5205744
           cc_pt |   .6555731   .2769716     2.37   0.018     .1119518    1.199194
           cc_sw |   .0329775   .1508252     0.22   0.827    -.2630521     .329007
           cc_uk |  -.0799384   .0856176    -0.93   0.351    -.2479829    .0881062
           _cons |   1.718971   .3527587     4.87   0.000       1.0266    2.411342
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est4 stored)

. eststo:xi:areg lspa  w_workstation w_net  $collapse $firm $noise_a cc* if levels_ceopm>0& sa4==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  75,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2042
                                                  Adj R-squared   =     0.0028
                                                  Root MSE        =     0.5251

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2532263    .116588     2.17   0.030     .0243951    .4820575
           w_net |  -.0127499   .0563936    -0.23   0.821    -.1234354    .0979356
        _Inobs_2 |   -.054067   .1838092    -0.29   0.769    -.4148354    .3067014
        _Inobs_3 |  -.0565883   .1795152    -0.32   0.753    -.4089287     .295752
        _Inobs_4 |   .0634798   .1589767     0.40   0.690     -.248549    .3755086
        _Inobs_5 |  -.0320382   .1364327    -0.23   0.814     -.299819    .2357427
        _Inobs_6 |  -.0136182   .1263089    -0.11   0.914    -.2615288    .2342924
        _Inobs_7 |  -.0320273   .1700683    -0.19   0.851    -.3658259    .3017712
            ln_N |   .0624204   .0264246     2.36   0.018      .010556    .1142849
       ln_N_miss |   11.53146   5.362752     2.15   0.032     1.005813    22.05711
           share |   .0474397   .0326011     1.46   0.146    -.0165475    .1114269
       sharemiss |          0  (omitted)
           MNE_f |   .0355353   .0558779     0.64   0.525    -.0741381    .1452086
           MNE_d |   .0722769   .0573281     1.26   0.208    -.0402429    .1847968
          onsite |   .0195851   .0472931     0.41   0.679    -.0732387    .1124089
         onsitem |    1.88894   4.709808     0.40   0.688    -7.355153    11.13303
             aa1 |   .0058132   .2562432     0.02   0.982    -.4971237    .5087502
             aa2 |   .8697264   .2080332     4.18   0.000     .4614129     1.27804
             aa3 |  -.2654341   .3065932    -0.87   0.387    -.8671946    .3363264
             aa4 |   .4413928   .4862648     0.91   0.364    -.5130151    1.395801
             aa5 |   .1458286   .1992946     0.73   0.465    -.2453334    .5369905
             aa6 |  -.1198657   .1869565    -0.64   0.522    -.4868112    .2470799
             aa7 |  -.5172582   .3657061    -1.41   0.158    -1.235042    .2005251
             aa8 |  -.1366027   .1531327    -0.89   0.373    -.4371613    .1639559
             aa9 |   .3396819   .2121495     1.60   0.110    -.0767109    .7560747
            aa10 |  -.3697983   .1725407    -2.14   0.032    -.7084497   -.0311469
            aa11 |          0  (omitted)
            aa12 |   .3526601    .415944     0.85   0.397    -.4637267    1.169047
            aa13 |   .2703131   .2625854     1.03   0.304    -.2450719    .7856982
            aa14 |  -.1164961   .1763323    -0.66   0.509    -.4625893    .2295971
            aa15 |  -.2564613   .2189324    -1.17   0.242     -.686167    .1732444
            aa16 |  -.0925947   .1711189    -0.54   0.589    -.4284554     .243266
            aa17 |  -.0484814   .2937215    -0.17   0.869    -.6249782    .5280154
            aa18 |          0  (omitted)
            aa19 |  -.0664679    .161202    -0.41   0.680    -.3828643    .2499285
            aa20 |   .0370038   .2379551     0.16   0.876    -.4300385    .5040461
            aa21 |  -.4632427   .2852732    -1.62   0.105    -1.023158    .0966723
            aa22 |   .3914902   .2047663     1.91   0.056    -.0104113    .7933917
            aa23 |   .0638075   .1823717     0.35   0.727    -.2941394    .4217543
            aa24 |  -.1912102   .3186527    -0.60   0.549    -.8166403    .4342198
            aa25 |    .104344   .3976732     0.26   0.793    -.6761822    .8848701
            aa26 |  -.0133018   .1495253    -0.09   0.929    -.3067801    .2801764
            aa27 |   .0415473   .2117308     0.20   0.844    -.3740237    .4571183
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.171929   .2072104     5.66   0.000     .7652308    1.578628
            aa31 |   .0312954   .1859565     0.17   0.866    -.3336876    .3962784
            aa32 |  -.2789448   .2776295    -1.00   0.315    -.8238573    .2659677
            aa33 |          0  (omitted)
            aa34 |  -.3197126    .218861    -1.46   0.144    -.7492783    .1098531
            aa35 |  -.1108613   .1507869    -0.74   0.462    -.4068157     .185093
            aa36 |  -.0383722   .2905765    -0.13   0.895    -.6086963    .5319519
            aa37 |          0  (omitted)
            aa38 |   .1021788   .2015898     0.51   0.612    -.2934881    .4978458
            aa39 |  -.0156854   .1809444    -0.09   0.931    -.3708309      .33946
            aa40 |   .0433183   .2251479     0.19   0.847    -.3985868    .4852233
            aa41 |  -.6004089    .297665    -2.02   0.044    -1.184646    -.016172
            aa42 |          0  (omitted)
            aa43 |   .0334772   .1686074     0.20   0.843    -.2974539    .3644084
            aa44 |  -.3883303   .1935225    -2.01   0.045    -.7681632   -.0084974
            aa45 |  -.0862456   .2451433    -0.35   0.725    -.5673964    .3949053
            aa46 |  -.0927086   .2460813    -0.38   0.706    -.5757004    .3902832
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0113686    .015532     0.73   0.464    -.0191165    .0418537
 reliabilitymiss |   2.074853   1.693392     1.23   0.221    -1.248823    5.398529
             dd1 |  -.0951586   .1561324    -0.61   0.542    -.4016048    .2112875
             dd2 |  -.0377171    .082562    -0.46   0.648    -.1997643    .1243301
             dd3 |   .0523286   .0777651     0.67   0.501    -.1003036    .2049607
             dd4 |  -.0161826   .0735657    -0.22   0.826    -.1605723    .1282071
             dd5 |  -.0298936   .0740149    -0.40   0.686     -.175165    .1153778
             dd6 |  -.0019409   .0807631    -0.02   0.981    -.1604573    .1565756
             dd7 |  -.1610555   .1164322    -1.38   0.167    -.3895809    .0674698
             dd8 |          0  (omitted)
    i_comptenure |  -.0015531   .0019368    -0.80   0.423    -.0053546    .0022484
i_comptenuremiss |  -.6671584   .2930712    -2.28   0.023    -1.242379    -.091938
     i_seniority |   -.027695   .0271405    -1.02   0.308    -.0809645    .0255746
 i_senioritymiss |  -2.873657   2.779108    -1.03   0.301    -8.328303    2.580988
        duration |  -.0049985   .0019014    -2.63   0.009    -.0087304   -.0012666
    durationmiss |  -.9893149   .3185355    -3.11   0.002    -1.614515   -.3641149
           cc_cn |          0  (omitted)
           cc_fr |  -.0040758   .1668428    -0.02   0.981    -.3315437    .3233921
           cc_ge |  -.0005901   .1226971    -0.00   0.996    -.2414117    .2402315
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   -.353865   .3957602    -0.89   0.371    -1.130636    .4229065
           cc_jp |          0  (omitted)
           cc_po |  -.0276889   .2805802    -0.10   0.921    -.5783929    .5230151
           cc_pt |   .6830026   .2801505     2.44   0.015      .133142    1.232863
           cc_sw |   .0173774   .1462849     0.12   0.905    -.2697408    .3044956
           cc_uk |  -.0943839   .0838506    -1.13   0.261    -.2589603    .0701925
           _cons |   1.870925   .3410036     5.49   0.000     1.201627    2.540224
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est5 stored)

. eststo:xi:areg lspa  w_workstation w_net  lpcemp lpcempm yy* ldegree_t*  $collapse $firm $noise_a cc* if levels_ceopm>0& sa4==1 , cl
> uster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  79,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2110
                                                  Adj R-squared   =     0.0057
                                                  Root MSE        =     0.5243

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2440287   .1196708     2.04   0.042     .0091469    .4789105
           w_net |  -.0160326    .058039    -0.28   0.782    -.1299477    .0978825
          lpcemp |   .0061486   .0303363     0.20   0.839    -.0533933    .0656906
         lpcempm |   .6931198   2.986309     0.23   0.817    -5.168207    6.554446
              yy |          0  (omitted)
       ldegree_t |   .0416724   .0231239     1.80   0.072    -.0037136    .0870584
   ldegree_tmiss |   .1873826      .0827     2.27   0.024     .0250646    .3497007
        _Inobs_2 |  -.0283593   .1878233    -0.15   0.880    -.3970062    .3402876
        _Inobs_3 |  -.0323695   .1892161    -0.17   0.864    -.4037502    .3390111
        _Inobs_4 |   .0807965   .1746855     0.46   0.644    -.2620645    .4236575
        _Inobs_5 |  -.0083945   .1513751    -0.06   0.956    -.3055033    .2887143
        _Inobs_6 |   .0202867   .1436934     0.14   0.888    -.2617451    .3023185
        _Inobs_7 |  -.0034028   .1823918    -0.02   0.985    -.3613891    .3545835
            ln_N |   .0601028   .0265886     2.26   0.024     .0079163    .1122892
       ln_N_miss |   11.71181    5.45397     2.15   0.032     1.007125     22.4165
           share |   .0517532   .0334143     1.55   0.122    -.0138301    .1173364
       sharemiss |          0  (omitted)
           MNE_f |   .0267171   .0566943     0.47   0.638    -.0845587    .1379929
           MNE_d |    .067066   .0573652     1.17   0.243    -.0455266    .1796586
          onsite |   .0120745   .0467833     0.26   0.796    -.0797487    .1038976
         onsitem |   1.151963   4.656875     0.25   0.805    -7.988238    10.29216
             aa1 |   .0348166    .250779     0.14   0.890    -.4573956    .5270288
             aa2 |   .8505987   .2235332     3.81   0.000     .4118629    1.289335
             aa3 |  -.2470628   .2991161    -0.83   0.409    -.8341479    .3400222
             aa4 |   .4990657   .4854891     1.03   0.304    -.4538197    1.451951
             aa5 |   .1666423   .2047971     0.81   0.416    -.2353197    .5686044
             aa6 |  -.1246753   .1922735    -0.65   0.517    -.5020569    .2527063
             aa7 |  -.4217494   .3681207    -1.15   0.252    -1.144272    .3007732
             aa8 |  -.1092417   .1598209    -0.68   0.494    -.4229273     .204444
             aa9 |   .2459298   .2219782     1.11   0.268     -.189754    .6816137
            aa10 |  -.3576312   .1757055    -2.04   0.042     -.702494   -.0127683
            aa11 |          0  (omitted)
            aa12 |   .3730537   .4186735     0.89   0.373    -.4486905    1.194798
            aa13 |   .2719755   .2625144     1.04   0.300      -.24327     .787221
            aa14 |  -.1155533    .184782    -0.63   0.532     -.478231    .2471243
            aa15 |  -.3087203   .2242911    -1.38   0.169    -.7489437    .1315031
            aa16 |  -.0904624   .1755742    -0.52   0.607    -.4350676    .2541427
            aa17 |  -.0040431   .2891987    -0.01   0.989     -.571663    .5635767
            aa18 |          0  (omitted)
            aa19 |  -.0429404   .1609143    -0.27   0.790    -.3587722    .2728915
            aa20 |   .0403397   .2420621     0.17   0.868    -.4347634    .5154429
            aa21 |   -.403977   .3066667    -1.32   0.188    -1.005882    .1979278
            aa22 |   .4688973   .2123771     2.21   0.028     .0520578    .8857368
            aa23 |   .0483831   .1885352     0.26   0.798    -.3216611    .4184272
            aa24 |  -.1665119   .3490902    -0.48   0.633    -.8516826    .5186588
            aa25 |   .0920801   .3990681     0.23   0.818    -.6911839    .8753441
            aa26 |  -.0087351   .1536913    -0.06   0.955    -.3103901    .2929199
            aa27 |     .05506   .2160184     0.25   0.799    -.3689263    .4790464
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.265392   .2171472     5.83   0.000     .8391906    1.691594
            aa31 |   .0460399   .1874567     0.25   0.806    -.3218876    .4139673
            aa32 |  -.3702367   .3052963    -1.21   0.226    -.9694517    .2289783
            aa33 |          0  (omitted)
            aa34 |  -.3395394   .2139567    -1.59   0.113    -.7594793    .0804004
            aa35 |  -.1047376   .1546357    -0.68   0.498    -.4082461    .1987709
            aa36 |  -.0042902   .2880497    -0.01   0.988    -.5696548    .5610744
            aa37 |          0  (omitted)
            aa38 |   .1149151   .2107327     0.55   0.586    -.2986968     .528527
            aa39 |  -.0018716   .1885559    -0.01   0.992    -.3719564    .3682132
            aa40 |   .0311607   .2173923     0.14   0.886    -.3955223    .4578437
            aa41 |  -.5815801   .3046137    -1.91   0.057    -1.179455    .0162952
            aa42 |          0  (omitted)
            aa43 |    .064904   .1778891     0.36   0.715    -.2842447    .4140527
            aa44 |   -.366514   .2022658    -1.81   0.070    -.7635076    .0304796
            aa45 |  -.0576058   .2497693    -0.23   0.818    -.5478362    .4326247
            aa46 |  -.1114154   .2456354    -0.45   0.650    -.5935321    .3707013
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0140338   .0155022     0.91   0.366    -.0163928    .0444605
 reliabilitymiss |   2.371851   1.701452     1.39   0.164    -.9676436    5.711346
             dd1 |  -.0880535   .1559219    -0.56   0.572    -.3940865    .2179795
             dd2 |  -.0468475   .0830667    -0.56   0.573    -.2098852    .1161901
             dd3 |   .0338629   .0794029     0.43   0.670    -.1219838    .1897096
             dd4 |  -.0293003   .0744208    -0.39   0.694    -.1753685    .1167679
             dd5 |  -.0349196   .0750489    -0.47   0.642    -.1822205    .1123813
             dd6 |  -.0210447   .0819435    -0.26   0.797    -.1818778    .1397884
             dd7 |  -.1758488   .1167599    -1.51   0.132    -.4050174    .0533197
             dd8 |          0  (omitted)
    i_comptenure |  -.0015067   .0019337    -0.78   0.436     -.005302    .0022886
i_comptenuremiss |  -.6328605   .2841176    -2.23   0.026    -1.190507   -.0752137
     i_seniority |  -.0307685   .0273991    -1.12   0.262    -.0845456    .0230087
 i_senioritymiss |  -3.207704   2.804556    -1.14   0.253    -8.712298    2.296889
        duration |  -.0051811   .0018968    -2.73   0.006     -.008904   -.0014582
    durationmiss |  -1.013612   .3240067    -3.13   0.002     -1.64955    -.377673
           cc_cn |          0  (omitted)
           cc_fr |   .0117262   .1662639     0.07   0.944    -.3146055    .3380579
           cc_ge |   .0159477    .126846     0.13   0.900    -.2330171    .2649124
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3692528   .3941554    -0.94   0.349    -1.142874    .4043688
           cc_jp |          0  (omitted)
           cc_po |   -.046548   .2765698    -0.17   0.866    -.5893807    .4962847
           cc_pt |   .6478384   .2740816     2.36   0.018     .1098894    1.185787
           cc_sw |   .0424994   .1488395     0.29   0.775    -.2496327    .3346315
           cc_uk |  -.0828546    .085687    -0.97   0.334    -.2510353    .0853262
           _cons |   1.757477   .3542285     4.96   0.000     1.062221    2.452733
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est6 stored)

. esttab using Table5.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) drop(
>  _Inobs* dd* onsite reliability i_comptenure*  i_seniority* duration* _cons reliabilitymiss cc_* ldegree_tmiss  aa* lpcempm onsitem 
> o*) nogap
(note: file Table5.csv not found)
(output written to Table5.csv)

. 
. ******************
. * Table 6 - IV
. ******************
. 
. ********** IV REGRESSIONS
. clear matrix

. clear

. set mem 500m

. u ictorg, clear

. 
. * SAP
. cap estimates drop *

. eststo: xi: areg  w_erp_oth  ln_dist lpcemp lpcempm  $collapse_a  $noise_c yy* zcount* $firm cc* if levels_ceopm>0 & cty!="us" & cty
> !="uk" & dom==1 & sa1==1 & ll_sic!=. [aw=share_new1], cluster(region)  abs(sic)
(sum of wgt is   1.2664e+02)
note: i_comptenuremiss omitted because of collinearity
note: yy omitted because of collinearity
note: zcount4 omitted because of collinearity
note: zcount6 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: ln_N_miss omitted because of collinearity
note: sharemiss omitted because of collinearity
note: MNE_f omitted because of collinearity
note: MNE_d omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_sw omitted because of collinearity
note: cc_uk omitted because of collinearity
note: reliabilitymiss omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        165
                                                  F(  21,     53) =      14.46
                                                  Prob > F        =     0.0000
                                                  R-squared       =     0.6110
                                                  Adj R-squared   =     0.2123
                                                  Root MSE        =     0.3741

                                    (Std. Err. adjusted for 54 clusters in region)
----------------------------------------------------------------------------------
                 |               Robust
       w_erp_oth |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
         ln_dist |  -.2369984   .1038693    -2.28   0.027    -.4453339   -.0286629
          lpcemp |   .1664162   .0768235     2.17   0.035     .0123277    .3205047
         lpcempm |    16.1087   7.424591     2.17   0.035     1.216856    31.00054
            nobs |   .0158512   .1020082     0.16   0.877    -.1887514    .2204538
     reliability |  -.0126348   .0441143    -0.29   0.776    -.1011169    .0758472
 reliabilitymiss |          0  (omitted)
    i_comptenure |  -.0019868   .0043004    -0.46   0.646    -.0106124    .0066387
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0787269   .0496277    -1.59   0.119    -.1782675    .0208138
 i_senioritymiss |  -8.037462   5.075153    -1.58   0.119    -18.21693    2.142006
        duration |   .0012653   .0054486     0.23   0.817    -.0096632    .0121938
    durationmiss |  -.9702632   4.591548    -0.21   0.833    -10.17974    8.239215
              yy |          0  (omitted)
          zcount |  -.0814497   .2160573    -0.38   0.708    -.5148057    .3519064
         zcount4 |          0  (omitted)
         zcount5 |  -.0288748   .2031352    -0.14   0.888    -.4363123    .3785628
         zcount6 |          0  (omitted)
         zcount7 |          0  (omitted)
            ln_N |   .1411384   .0633779     2.23   0.030     .0140185    .2682584
       ln_N_miss |          0  (omitted)
           share |   .1427741   .0707067     2.02   0.049     .0009544    .2845939
       sharemiss |          0  (omitted)
           MNE_f |          0  (omitted)
           MNE_d |          0  (omitted)
          onsite |   .0273117   .1414566     0.19   0.848    -.2564144    .3110377
         onsitem |   1.669008   14.23045     0.12   0.907    -26.87367    30.21168
           cc_cn |          0  (omitted)
           cc_fr |  -.4624372   .2158104    -2.14   0.037     -.895298   -.0295764
           cc_ge |  -.4179585   .2290525    -1.82   0.074    -.8773796    .0414626
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.0503652    .200127    -0.25   0.802    -.4517691    .3510387
           cc_jp |          0  (omitted)
           cc_po |  -.0040496   .3484335    -0.01   0.991    -.7029188    .6948196
           cc_pt |   .4834102   .2264424     2.13   0.037     .0292243     .937596
           cc_sw |          0  (omitted)
           cc_uk |          0  (omitted)
           _cons |   2.046393     1.4434     1.42   0.162    -.8487015    4.941487
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (63 categories)
(est1 stored)

. eststo: xi: areg  zorg  ln_dist lpcemp lpcempm  $collapse_a  $noise_c yy* zcount* $firm cc* if levels_ceopm>0 & cty!="us" & cty!="uk
> " & dom==1 & sa1==1 & ll_sic!=. [aw=share_new1], cluster(region)  abs(sic)
(sum of wgt is   1.2664e+02)
note: i_comptenuremiss omitted because of collinearity
note: yy omitted because of collinearity
note: zcount4 omitted because of collinearity
note: zcount6 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: ln_N_miss omitted because of collinearity
note: sharemiss omitted because of collinearity
note: MNE_f omitted because of collinearity
note: MNE_d omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_sw omitted because of collinearity
note: cc_uk omitted because of collinearity
note: reliabilitymiss omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        165
                                                  F(  21,     53) =      12.31
                                                  Prob > F        =     0.0000
                                                  R-squared       =     0.6414
                                                  Adj R-squared   =     0.2740
                                                  Root MSE        =     0.8175

                                    (Std. Err. adjusted for 54 clusters in region)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
         ln_dist |  -.4446052   .2415158    -1.84   0.071    -.9290244    .0398141
          lpcemp |   .0820625   .1609449     0.51   0.612     -.240752     .404877
         lpcempm |   9.907507   15.66405     0.63   0.530     -21.5106    41.32561
            nobs |   .2267652   .1427482     1.59   0.118    -.0595514    .5130819
     reliability |   .1264863   .0698175     1.81   0.076    -.0135499    .2665225
 reliabilitymiss |          0  (omitted)
    i_comptenure |  -.0091086   .0075726    -1.20   0.234    -.0242974    .0060802
i_comptenuremiss |          0  (omitted)
     i_seniority |   .2049182   .1261717     1.62   0.110    -.0481502    .4579866
 i_senioritymiss |   21.18885   12.81899     1.65   0.104    -4.522787    46.90049
        duration |  -.0023629   .0089678    -0.26   0.793    -.0203499    .0156242
    durationmiss |   12.50424   7.495642     1.67   0.101    -2.530109     27.5386
              yy |          0  (omitted)
          zcount |  -.3838767   .3168516    -1.21   0.231      -1.0194    .2516471
         zcount4 |          0  (omitted)
         zcount5 |   .3441328    .361427     0.95   0.345     -.380798    1.069064
         zcount6 |          0  (omitted)
         zcount7 |          0  (omitted)
            ln_N |  -.1699624   .1988519    -0.85   0.397    -.5688087    .2288839
       ln_N_miss |          0  (omitted)
           share |    -.10244    .224779    -0.46   0.650    -.5532896    .3484095
       sharemiss |          0  (omitted)
           MNE_f |          0  (omitted)
           MNE_d |          0  (omitted)
          onsite |   .1602861   .3488151     0.46   0.648    -.5393484    .8599206
         onsitem |   16.16797   34.92276     0.46   0.645    -53.87822    86.21415
           cc_cn |          0  (omitted)
           cc_fr |  -1.092325   .5671252    -1.93   0.059    -2.229834    .0451839
           cc_ge |  -.7645007   .5851064    -1.31   0.197    -1.938076    .4090742
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.4086036   .4265485    -0.96   0.342    -1.264152    .4469444
           cc_jp |          0  (omitted)
           cc_po |  -.4485556   .5237841    -0.86   0.396    -1.499133    .6020223
           cc_pt |  -1.085181   .5227709    -2.08   0.043    -2.133726   -.0366353
           cc_sw |          0  (omitted)
           cc_uk |          0  (omitted)
           _cons |   3.362385   2.510557     1.34   0.186    -1.673154    8.397924
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (63 categories)
(est2 stored)

. eststo: xi: ivreg2  zorg  (w_erp_oth = ln_dist) lpcemp lpcempm i.sic $collapse_a  $noise_c yy* zcount* $firm cc* if levels_ceopm>0 &
>  cty!="us" & cty!="uk" & dom==1 & sa1==1  & ll_sic!=.  [aw=share_new1], cluster(region)  partial(_Isic*)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)
(sum of wgt is     1.2664e+02)
Warning - collinearities detected
Vars dropped:       _Isic_203 _Isic_204 _Isic_211 _Isic_214 _Isic_224 _Isic_227
                    _Isic_233 _Isic_235 _Isic_239 _Isic_254 _Isic_261 _Isic_265
                    _Isic_271 _Isic_272 _Isic_273 _Isic_274 _Isic_278 _Isic_279
                    _Isic_285 _Isic_286 _Isic_301 _Isic_305 _Isic_321 _Isic_322
                    _Isic_323 _Isic_325 _Isic_328 _Isic_329 _Isic_334 _Isic_335
                    _Isic_336 _Isic_339 _Isic_341 _Isic_342 _Isic_343 _Isic_347
                    _Isic_348 _Isic_357 _Isic_358 _Isic_359 _Isic_361 _Isic_365
                    _Isic_379 _Isic_382 _Isic_384 _Isic_394 _Isic_395 _Isic_399
                    _Isic_514 _Isic_671 i_comptenuremiss durationmiss yy zcount4
                    zcount6 zcount7 ln_N_miss sharemiss MNE_f MNE_d cc_cn cc_gr
                    cc_in cc_jp cc_sw cc_uk

IV (2SLS) estimation
--------------------

Estimates efficient for homoskedasticity only
Statistics robust to heteroskedasticity and clustering on region

Number of clusters (region) =       54                Number of obs =      165
                                                      F( 21,    53) =     5.86
                                                      Prob > F      =   0.0000
Total (centered) SS     =  92.91861446                Centered R2   =   0.0816
Total (uncentered) SS   =  92.91861446                Uncentered R2 =   0.0816
Residual SS             =  85.33358623                Root MSE      =    .7191

---------------------------------------------------------------------------------
                |               Robust
           zorg |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
----------------+----------------------------------------------------------------
      w_erp_oth |   1.875984   .7800976     2.40   0.016     .3470209    3.404947
         lpcemp |  -.2301316    .171378    -1.34   0.179    -.5660263    .1057631
        lpcempm |  -20.31215   16.60098    -1.22   0.221    -52.84948    12.22518
           nobs |   .1970286   .1596597     1.23   0.217    -.1158986    .5099558
    reliability |   .1501891   .0711088     2.11   0.035     .0108183    .2895598
reliabilitymiss |   14.32444   7.206631     1.99   0.047     .1997066    28.44918
   i_comptenure |  -.0053814   .0053381    -1.01   0.313    -.0158439    .0050812
    i_seniority |   .3526086   .1331186     2.65   0.008      .091701    .6135162
i_senioritymiss |     36.267   13.62188     2.66   0.008     9.568598    62.96539
       duration |  -.0047366   .0081119    -0.58   0.559    -.0206356    .0111624
         zcount |  -.2310784   .3261335    -0.71   0.479    -.8702882    .4081315
        zcount5 |   .3983014   .3579301     1.11   0.266    -.3032286    1.099831
           ln_N |  -.4347359       .203    -2.14   0.032    -.8326085   -.0368633
          share |   -.370282   .2352604    -1.57   0.116    -.8313838    .0908199
         onsite |   .1090498   .2809125     0.39   0.698    -.4415285    .6596281
        onsitem |   13.03693   28.51537     0.46   0.648    -42.85217    68.92603
          cc_fr |  -.2248003   .4995008    -0.45   0.653    -1.203804    .7542032
          cc_ge |   .0195827   .3727157     0.05   0.958    -.7109265     .750092
          cc_it |  -.3141192   .3444433    -0.91   0.362    -.9892157    .3609772
          cc_po |  -.4409587   .5946623    -0.74   0.458    -1.606475     .724558
          cc_pt |  -1.992051   .4942286    -4.03   0.000    -2.960721    -1.02338
---------------------------------------------------------------------------------
Underidentification test (Kleibergen-Paap rk LM statistic):              3.161
                                                   Chi-sq(1) P-val =    0.0754
------------------------------------------------------------------------------
Weak identification test (Cragg-Donald Wald F statistic):                4.340
                         (Kleibergen-Paap rk Wald F statistic):          5.206
Stock-Yogo weak ID test critical values: 10% maximal IV size             16.38
                                         15% maximal IV size              8.96
                                         20% maximal IV size              6.66
                                         25% maximal IV size              5.53
Source: Stock-Yogo (2005).  Reproduced by permission.
NB: Critical values are for Cragg-Donald F statistic and i.i.d. errors.
------------------------------------------------------------------------------
Hansen J statistic (overidentification test of all instruments):         0.000
                                                 (equation exactly identified)
------------------------------------------------------------------------------
Instrumented:         w_erp_oth
Included instruments: lpcemp lpcempm nobs reliability reliabilitymiss
                      i_comptenure i_seniority i_senioritymiss duration zcount
                      zcount5 ln_N share onsite onsitem cc_fr cc_ge cc_it cc_po
                      cc_pt
Excluded instruments: ln_dist
Partialled-out:       _Isic_202 _Isic_205 _Isic_206 _Isic_207 _Isic_208
                      _Isic_209 _Isic_221 _Isic_225 _Isic_226 _Isic_228
                      _Isic_229 _Isic_232 _Isic_238 _Isic_242 _Isic_243
                      _Isic_245 _Isic_249 _Isic_251 _Isic_252 _Isic_262
                      _Isic_267 _Isic_275 _Isic_281 _Isic_282 _Isic_283
                      _Isic_284 _Isic_287 _Isic_289 _Isic_299 _Isic_302
                      _Isic_306 _Isic_308 _Isic_311 _Isic_324 _Isic_326
                      _Isic_327 _Isic_331 _Isic_332 _Isic_333 _Isic_344
                      _Isic_345 _Isic_346 _Isic_349 _Isic_351 _Isic_352
                      _Isic_353 _Isic_354 _Isic_355 _Isic_356 _Isic_362
                      _Isic_363 _Isic_364 _Isic_366 _Isic_367 _Isic_369
                      _Isic_371 _Isic_372 _Isic_373 _Isic_374 _Isic_375
                      _Isic_381 _Isic_391 _cons
                      nb: small-sample adjustments account for
                          partialled-out variables
Dropped collinear:    _Isic_203 _Isic_204 _Isic_211 _Isic_214 _Isic_224
                      _Isic_227 _Isic_233 _Isic_235 _Isic_239 _Isic_254
                      _Isic_261 _Isic_265 _Isic_271 _Isic_272 _Isic_273
                      _Isic_274 _Isic_278 _Isic_279 _Isic_285 _Isic_286
                      _Isic_301 _Isic_305 _Isic_321 _Isic_322 _Isic_323
                      _Isic_325 _Isic_328 _Isic_329 _Isic_334 _Isic_335
                      _Isic_336 _Isic_339 _Isic_341 _Isic_342 _Isic_343
                      _Isic_347 _Isic_348 _Isic_357 _Isic_358 _Isic_359
                      _Isic_361 _Isic_365 _Isic_379 _Isic_382 _Isic_384
                      _Isic_394 _Isic_395 _Isic_399 _Isic_514 _Isic_671
                      i_comptenuremiss durationmiss yy zcount4 zcount6 zcount7
                      ln_N_miss sharemiss MNE_f MNE_d cc_cn cc_gr cc_in cc_jp
                      cc_sw cc_uk
------------------------------------------------------------------------------
(est3 stored)

. 
. 
. * Networks
. * Condition on sic cells of at least 2 obs
. qui xi:areg w_net  ll_sic     lpcemp lpcempm yy*  $collapse_a $firm $noise_b  cc* zcount* if levels_ceopm>0 & sa1==1 , cluster(regio
> n) abs(sic)

. cap drop d  num

. gen d=e(sample)==1

. bys sic: egen num=sum(d)

. eststo: xi:areg w_net  ll_sic     lpcemp lpcempm yy*  $collapse_a $firm $noise_c  cc* zcount* if levels_ceopm>0 & sa1==1 & num>2, cl
> uster(region) abs(sic)
note: yy omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: zcount7 omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        956
                                                  F(  31,    124) =      26.10
                                                  Prob > F        =     0.0000
                                                  R-squared       =     0.3431
                                                  Adj R-squared   =     0.2558
                                                  Root MSE        =     0.3425

                                   (Std. Err. adjusted for 125 clusters in region)
----------------------------------------------------------------------------------
                 |               Robust
           w_net |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
          ll_sic |  -1.439126   .7926578    -1.82   0.072    -3.008018     .129766
          lpcemp |   .0799033   .0207003     3.86   0.000     .0389316    .1208749
         lpcempm |   7.759613   2.024209     3.83   0.000     3.753136    11.76609
              yy |          0  (omitted)
            nobs |     .05133   .0137614     3.73   0.000     .0240923    .0785677
            ln_N |   .0355013   .0178446     1.99   0.049     .0001818    .0708207
       ln_N_miss |     3.8538   1.860172     2.07   0.040     .1719986    7.535602
           share |  -.0047264   .0189995    -0.25   0.804    -.0423318     .032879
       sharemiss |  -.4153475   1.862594    -0.22   0.824    -4.101943    3.271248
           MNE_f |   .1288697   .0330321     3.90   0.000     .0634899    .1942494
           MNE_d |   .0841147   .0393259     2.14   0.034     .0062777    .1619518
          onsite |  -.0254832   .0308836    -0.83   0.411    -.0866105     .035644
         onsitem |  -2.483649   3.091168    -0.80   0.423    -8.601936    3.634638
     reliability |  -.0024517   .0075347    -0.33   0.745    -.0173651    .0124616
 reliabilitymiss |  -.5786624   .8082286    -0.72   0.475    -2.178373    1.021048
    i_comptenure |  -.0007858   .0014625    -0.54   0.592    -.0036805    .0021088
i_comptenuremiss |   .3338598   .2176381     1.53   0.128     -.096907    .7646267
     i_seniority |   .0160927   .0202699     0.79   0.429    -.0240272    .0562126
 i_senioritymiss |   1.723428   2.080003     0.83   0.409     -2.39348    5.840336
        duration |  -.0006069   .0011422    -0.53   0.596    -.0028677    .0016539
    durationmiss |  -.0694522   .1976574    -0.35   0.726    -.4606716    .3217671
           cc_cn |          0  (omitted)
           cc_fr |  -.0141733   .0447571    -0.32   0.752    -.1027602    .0744136
           cc_ge |  -.0910596   .1227675    -0.74   0.460    -.3340509    .1519317
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .1901043   .0475977     3.99   0.000      .095895    .2843136
           cc_jp |          0  (omitted)
           cc_po |   .3799779   .1155185     3.29   0.001     .1513344    .6086213
           cc_pt |   .3604482   .2402748     1.50   0.136    -.1151229    .8360192
           cc_sw |  -.0469903   .1826668    -0.26   0.797    -.4085391    .3145585
           cc_uk |   .3256783    .048731     6.68   0.000     .2292259    .4221307
          zcount |   -.040935   .0502051    -0.82   0.416    -.1403049    .0584349
         zcount4 |   .0583558   .0728526     0.80   0.425      -.08584    .2025516
         zcount5 |  -.0012608   .0610379    -0.02   0.984    -.1220718    .1195503
         zcount6 |   .3270998   .1113666     2.94   0.004     .1066742    .5475255
         zcount7 |          0  (omitted)
           _cons |   3.775504   2.130352     1.77   0.079    -.4410592    7.992067
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (82 categories)
(est4 stored)

. eststo: xi:areg zorg   ll_sic     lpcemp lpcempm yy*  $collapse_a $firm $noise_c  cc* zcount* if levels_ceopm>0 & sa1==1 & num>2, cl
> uster(region) abs(sic)
note: yy omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: zcount7 omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        956
                                                  F(  31,    124) =       7.39
                                                  Prob > F        =     0.0000
                                                  R-squared       =     0.2576
                                                  Adj R-squared   =     0.1589
                                                  Root MSE        =     0.8964

                                   (Std. Err. adjusted for 125 clusters in region)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
          ll_sic |   3.987572   2.244869     1.78   0.078    -.4556523    8.430796
          lpcemp |   -.029483   .0427343    -0.69   0.492    -.1140661    .0551001
         lpcempm |   -2.67649   4.210687    -0.64   0.526    -11.01062    5.657639
              yy |          0  (omitted)
            nobs |   .0565289   .0334333     1.69   0.093     -.009645    .1227027
            ln_N |   .0780181    .033496     2.33   0.021     .0117201     .144316
       ln_N_miss |   7.484303   3.505587     2.13   0.035     .5457648    14.42284
           share |   .1475398   .0459601     3.21   0.002     .0565718    .2385077
       sharemiss |   14.74632   4.502202     3.28   0.001     5.835199    23.65744
           MNE_f |   .1676842   .0867038     1.93   0.055    -.0039269    .3392952
           MNE_d |    .136017   .0782468     1.74   0.085    -.0188553    .2908893
          onsite |  -.1488698    .071572    -2.08   0.040    -.2905308   -.0072089
         onsitem |   -14.9621   7.147382    -2.09   0.038    -29.10877   -.8154299
     reliability |   .0477255    .022634     2.11   0.037     .0029265    .0925245
 reliabilitymiss |    5.06141    2.53897     1.99   0.048     .0360765    10.08674
    i_comptenure |  -.0048675    .003203    -1.52   0.131    -.0112071    .0014722
i_comptenuremiss |  -.5037869   .4251739    -1.18   0.238    -1.345325    .3377513
     i_seniority |     .03011   .0426375     0.71   0.481    -.0542816    .1145016
 i_senioritymiss |    3.12305   4.359844     0.72   0.475    -5.506303     11.7524
        duration |  -.0014442   .0027149    -0.53   0.596    -.0068178    .0039293
    durationmiss |  -.0793605   .4906738    -0.16   0.872    -1.050541    .8918204
           cc_cn |          0  (omitted)
           cc_fr |  -.3853825   .1476311    -2.61   0.010    -.6775858   -.0931792
           cc_ge |    .531123   .3451322     1.54   0.126    -.1519903    1.214236
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3492861   .1382199    -2.53   0.013    -.6228621   -.0757102
           cc_jp |          0  (omitted)
           cc_po |   -1.18502   .3041299    -3.90   0.000    -1.786978   -.5830613
           cc_pt |  -.1275332   .4007029    -0.32   0.751    -.9206365    .6655701
           cc_sw |   1.200462   .5848717     2.05   0.042     .0428371    2.358087
           cc_uk |   .0537575   .1217402     0.44   0.660    -.1872005    .2947156
          zcount |   .1545135   .1775036     0.87   0.386    -.1968158    .5058428
         zcount4 |    .088711   .2744634     0.32   0.747     -.454529     .631951
         zcount5 |   .4524468   .2326722     1.94   0.054    -.0080766    .9129703
         zcount6 |    .489763   .2481108     1.97   0.051    -.0013178    .9808438
         zcount7 |          0  (omitted)
           _cons |   -12.1124   6.237783    -1.94   0.054    -24.45872    .2339162
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (82 categories)
(est5 stored)

. eststo: xi:ivreg2 zorg (w_net=ll_sic)     lpcemp lpcempm yy* $collapse_a $firm $noise_c i.sic cc* zcount* if levels_ceopm>0 & num>2 
> & sa1==1, cluster(csic) partial(_Isic*)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)
Warning - collinearities detected
Vars dropped:       yy _Isic_211 _Isic_214 _Isic_224 _Isic_226 _Isic_233
                    _Isic_235 _Isic_239 _Isic_254 _Isic_261 _Isic_272 _Isic_274
                    _Isic_278 _Isic_279 _Isic_301 _Isic_305 _Isic_322 _Isic_328
                    _Isic_329 _Isic_334 _Isic_341 _Isic_347 _Isic_348 _Isic_359
                    _Isic_361 _Isic_365 _Isic_375 _Isic_394 _Isic_395 _Isic_399
                    _Isic_514 _Isic_671 cc_cn cc_gr cc_in cc_jp zcount7

IV (2SLS) estimation
--------------------

Estimates efficient for homoskedasticity only
Statistics robust to heteroskedasticity and clustering on csic

Number of clusters (csic) =        356                Number of obs =      956
                                                      F( 31,   355) =     4.84
                                                      Prob > F      =   0.0000
Total (centered) SS     =  816.7679851                Centered R2   =  -0.6549
Total (uncentered) SS   =  816.7679851                Uncentered R2 =  -0.6549
Residual SS             =  1351.669887                Root MSE      =    1.189

----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |   -2.77083   1.517096    -1.83   0.068    -5.744284    .2026243
          lpcemp |   .1919153   .1331948     1.44   0.150    -.0691417    .4529724
         lpcempm |   18.82408   12.93447     1.46   0.146    -6.527015    44.17517
            nobs |   .1987555   .0913433     2.18   0.030      .019726     .377785
            ln_N |   .1763859   .0780808     2.26   0.024     .0233504    .3294215
       ln_N_miss |   18.16252   8.354232     2.17   0.030     1.788527    34.53652
           share |   .1344437   .0709311     1.90   0.058    -.0045787     .273466
       sharemiss |   13.59546   6.958907     1.95   0.051    -.0437503    27.23466
           MNE_f |     .52476   .2073929     2.53   0.011     .1182775    .9312425
           MNE_d |   .3690847    .161787     2.28   0.023      .051988    .6861813
          onsite |  -.2194796    .108422    -2.02   0.043    -.4319829   -.0069763
         onsitem |  -21.84388   10.71863    -2.04   0.042    -42.85201   -.8357476
     reliability |   .0409322   .0290601     1.41   0.159    -.0160245    .0978889
 reliabilitymiss |   3.458034    3.40154     1.02   0.309    -3.208862    10.12493
    i_comptenure |  -.0070449   .0044926    -1.57   0.117    -.0158502    .0017605
i_comptenuremiss |   .4212819   .7760576     0.54   0.587    -1.099763    1.942327
     i_seniority |   .0747001   .0582999     1.28   0.200    -.0395655    .1889657
 i_senioritymiss |   7.898376   5.999701     1.32   0.188    -3.860822    19.65757
        duration |  -.0031258   .0036622    -0.85   0.393    -.0103036    .0040521
    durationmiss |  -.2718009   .7205007    -0.38   0.706    -1.683956    1.140355
           cc_fr |  -.4246543   .1731091    -2.45   0.014    -.7639419   -.0853666
           cc_ge |   .2788123   .2387351     1.17   0.243    -.1890998    .7467244
           cc_it |   .1774605   .3767161     0.47   0.638    -.5608896    .9158106
           cc_po |  -.1321656   .3689183    -0.36   0.720    -.8552321    .5909009
           cc_pt |   .8712073   .8248834     1.06   0.291    -.7455344    2.487949
           cc_sw |    1.07026   .4389289     2.44   0.015      .209975    1.930545
           cc_uk |   .9561565   .4846491     1.97   0.049     .0062618    1.906051
          zcount |   .0410897   .2019849     0.20   0.839    -.3547935    .4369729
         zcount4 |   .2504048   .3167705     0.79   0.429     -.370454    .8712637
         zcount5 |   .4489534   .2553113     1.76   0.079    -.0514474    .9493543
         zcount6 |   1.396101   .5626791     2.48   0.013     .2932701    2.498932
----------------------------------------------------------------------------------
Underidentification test (Kleibergen-Paap rk LM statistic):              3.869
                                                   Chi-sq(1) P-val =    0.0492
------------------------------------------------------------------------------
Weak identification test (Cragg-Donald Wald F statistic):                2.746
                         (Kleibergen-Paap rk Wald F statistic):          3.411
Stock-Yogo weak ID test critical values: 10% maximal IV size             16.38
                                         15% maximal IV size              8.96
                                         20% maximal IV size              6.66
                                         25% maximal IV size              5.53
Source: Stock-Yogo (2005).  Reproduced by permission.
NB: Critical values are for Cragg-Donald F statistic and i.i.d. errors.
------------------------------------------------------------------------------
Hansen J statistic (overidentification test of all instruments):         0.000
                                                 (equation exactly identified)
------------------------------------------------------------------------------
Instrumented:         w_net
Included instruments: lpcemp lpcempm nobs ln_N ln_N_miss share sharemiss MNE_f
                      MNE_d onsite onsitem reliability reliabilitymiss
                      i_comptenure i_comptenuremiss i_seniority i_senioritymiss
                      duration durationmiss cc_fr cc_ge cc_it cc_po cc_pt cc_sw
                      cc_uk zcount zcount4 zcount5 zcount6
Excluded instruments: ll_sic
Partialled-out:       _Isic_202 _Isic_203 _Isic_204 _Isic_205 _Isic_206
                      _Isic_207 _Isic_208 _Isic_209 _Isic_221 _Isic_225
                      _Isic_227 _Isic_228 _Isic_229 _Isic_232 _Isic_238
                      _Isic_242 _Isic_243 _Isic_245 _Isic_249 _Isic_251
                      _Isic_252 _Isic_262 _Isic_265 _Isic_267 _Isic_271
                      _Isic_273 _Isic_275 _Isic_281 _Isic_282 _Isic_283
                      _Isic_284 _Isic_285 _Isic_286 _Isic_287 _Isic_289
                      _Isic_299 _Isic_302 _Isic_306 _Isic_308 _Isic_311
                      _Isic_321 _Isic_323 _Isic_324 _Isic_325 _Isic_326
                      _Isic_327 _Isic_331 _Isic_332 _Isic_333 _Isic_335
                      _Isic_336 _Isic_339 _Isic_342 _Isic_343 _Isic_344
                      _Isic_345 _Isic_346 _Isic_349 _Isic_351 _Isic_352
                      _Isic_353 _Isic_354 _Isic_355 _Isic_356 _Isic_357
                      _Isic_358 _Isic_362 _Isic_363 _Isic_364 _Isic_366
                      _Isic_367 _Isic_369 _Isic_371 _Isic_372 _Isic_373
                      _Isic_374 _Isic_379 _Isic_381 _Isic_382 _Isic_384
                      _Isic_391 _cons
                      nb: small-sample adjustments account for
                          partialled-out variables
Dropped collinear:    yy _Isic_211 _Isic_214 _Isic_224 _Isic_226 _Isic_233
                      _Isic_235 _Isic_239 _Isic_254 _Isic_261 _Isic_272
                      _Isic_274 _Isic_278 _Isic_279 _Isic_301 _Isic_305
                      _Isic_322 _Isic_328 _Isic_329 _Isic_334 _Isic_341
                      _Isic_347 _Isic_348 _Isic_359 _Isic_361 _Isic_365
                      _Isic_375 _Isic_394 _Isic_395 _Isic_399 _Isic_514
                      _Isic_671 cc_cn cc_gr cc_in cc_jp zcount7
------------------------------------------------------------------------------
(est6 stored)

. 
. * BOTH
. keep if levels_ceopm>0 & cty!="us" & cty!="uk" & dom==1 & sa1==1 
(1133 observations deleted)

. eststo: xi: ivreg2  zorg  (w_erp_oth w_net = ln_dist ll_sic) lpcemp lpcempm i.sic $collapse_a  $noise_c yy* zcount* $firm cc* [aw=sh
> are_new1], cluster(region)  partial(_Isic*)
i.sic             _Isic_201-399       (naturally coded; _Isic_201 omitted)
(sum of wgt is     1.2664e+02)
Warning - collinearities detected
Vars dropped:       _Isic_399 i_comptenuremiss durationmiss yy zcount4 zcount6
                    zcount7 ln_N_miss sharemiss MNE_f MNE_d cc_cn cc_gr cc_in
                    cc_jp cc_sw cc_uk

IV (2SLS) estimation
--------------------

Estimates efficient for homoskedasticity only
Statistics robust to heteroskedasticity and clustering on region

Number of clusters (region) =       54                Number of obs =      165
                                                      F( 22,    53) =     9.32
                                                      Prob > F      =   0.0000
Total (centered) SS     =  92.91861446                Centered R2   =   0.0124
Total (uncentered) SS   =  92.91861446                Uncentered R2 =   0.0124
Residual SS             =  91.76188305                Root MSE      =    .7457

---------------------------------------------------------------------------------
                |               Robust
           zorg |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
----------------+----------------------------------------------------------------
      w_erp_oth |   1.539936    .849545     1.81   0.070    -.1251418    3.205014
          w_net |  -3.198208   2.560563    -1.25   0.212    -8.216819    1.820404
         lpcemp |   .2065237   .4167253     0.50   0.620    -.6102429     1.02329
        lpcempm |   22.09279    40.5912     0.54   0.586     -57.4645    101.6501
           nobs |   .1690861   .1262852     1.34   0.181    -.0784283    .4166005
    reliability |   .1565574   .0652369     2.40   0.016     .0286955    .2844193
reliabilitymiss |   14.34141   7.066265     2.03   0.042     .4917869    28.19104
   i_comptenure |   .0016818    .008701     0.19   0.847    -.0153718    .0187355
    i_seniority |   .2858649   .1369013     2.09   0.037     .0175433    .5541866
i_senioritymiss |   30.05592   13.85329     2.17   0.030     2.903964    57.20787
       duration |  -.0058298   .0097816    -0.60   0.551    -.0250014    .0133418
         zcount |   .0437878    .416623     0.11   0.916    -.7727784     .860354
        zcount5 |   .9632041      .6666     1.44   0.148    -.3433079    2.269716
           ln_N |  -.2685959   .2435959    -1.10   0.270    -.7460351    .2088434
          share |  -.3350123   .2394332    -1.40   0.162    -.8042929    .1342682
         onsite |  -.1512305   .3238822    -0.47   0.641    -.7860279     .483567
        onsitem |  -13.61194    33.0297    -0.41   0.680    -78.34895    51.12508
          cc_fr |  -.8192133    .838287    -0.98   0.328    -2.462226    .8237991
          cc_ge |  -.2105073   .3511841    -0.60   0.549    -.8988155     .477801
          cc_it |  -.5685419   .3871341    -1.47   0.142    -1.327311     .190227
          cc_po |  -1.262425    .829348    -1.52   0.128    -2.887917    .3630673
          cc_pt |  -.1868854   1.603361    -0.12   0.907    -3.329414    2.955644
---------------------------------------------------------------------------------
Underidentification test (Kleibergen-Paap rk LM statistic):              7.162
                                                   Chi-sq(1) P-val =    0.0074
------------------------------------------------------------------------------
Weak identification test (Cragg-Donald Wald F statistic):                0.450
                         (Kleibergen-Paap rk Wald F statistic):          1.809
Stock-Yogo weak ID test critical values: 10% maximal IV size              7.03
                                         15% maximal IV size              4.58
                                         20% maximal IV size              3.95
                                         25% maximal IV size              3.63
Source: Stock-Yogo (2005).  Reproduced by permission.
NB: Critical values are for Cragg-Donald F statistic and i.i.d. errors.
------------------------------------------------------------------------------
Hansen J statistic (overidentification test of all instruments):         0.000
                                                 (equation exactly identified)
------------------------------------------------------------------------------
Instrumented:         w_erp_oth w_net
Included instruments: lpcemp lpcempm nobs reliability reliabilitymiss
                      i_comptenure i_seniority i_senioritymiss duration zcount
                      zcount5 ln_N share onsite onsitem cc_fr cc_ge cc_it cc_po
                      cc_pt
Excluded instruments: ln_dist ll_sic
Partialled-out:       _Isic_202 _Isic_205 _Isic_206 _Isic_207 _Isic_208
                      _Isic_209 _Isic_221 _Isic_225 _Isic_226 _Isic_228
                      _Isic_229 _Isic_232 _Isic_238 _Isic_242 _Isic_243
                      _Isic_245 _Isic_249 _Isic_251 _Isic_252 _Isic_262
                      _Isic_267 _Isic_275 _Isic_281 _Isic_282 _Isic_283
                      _Isic_284 _Isic_287 _Isic_289 _Isic_299 _Isic_302
                      _Isic_306 _Isic_308 _Isic_311 _Isic_324 _Isic_326
                      _Isic_327 _Isic_331 _Isic_332 _Isic_333 _Isic_344
                      _Isic_345 _Isic_346 _Isic_349 _Isic_351 _Isic_352
                      _Isic_353 _Isic_354 _Isic_355 _Isic_356 _Isic_362
                      _Isic_363 _Isic_364 _Isic_366 _Isic_367 _Isic_369
                      _Isic_371 _Isic_372 _Isic_373 _Isic_374 _Isic_375
                      _Isic_381 _Isic_391 _cons
                      nb: small-sample adjustments account for
                          partialled-out variables
Dropped collinear:    _Isic_399 i_comptenuremiss durationmiss yy zcount4 zcount6
                      zcount7 ln_N_miss sharemiss MNE_f MNE_d cc_cn cc_gr cc_in
                      cc_jp cc_sw cc_uk
------------------------------------------------------------------------------
(est7 stored)

. esttab using Table6.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) keep(
>  ln_dist w_erp_oth ll_sic w_net ) nogap
(note: file Table6.csv not found)
(output written to Table6.csv)

. 
. 
. ************
. * Table 7 
. *************
. 
. * Robustness
. u ictorg, replace

. ge w_net2=w_wan 
(402 missing values generated)

. replace w_net2=w_lan if w_net2==.
(376 real changes made)

. replace w_net2=-99 if w_net2==.
(26 real changes made)

. gen w_net2m=w_net2==-99

. 
. * ALternative zorg
. factor central4 central5 central6 central7, pcf
(obs=1007)

Factor analysis/correlation                        Number of obs    =     1007
    Method: principal-component factors            Retained factors =        2
    Rotation: (unrotated)                          Number of params =        6

    --------------------------------------------------------------------------
         Factor  |   Eigenvalue   Difference        Proportion   Cumulative
    -------------+------------------------------------------------------------
        Factor1  |      1.59935      0.55160            0.3998       0.3998
        Factor2  |      1.04775      0.17512            0.2619       0.6618
        Factor3  |      0.87263      0.39237            0.2182       0.8799
        Factor4  |      0.48026            .            0.1201       1.0000
    --------------------------------------------------------------------------
    LR test: independent vs. saturated:  chi2(6)  =  355.13 Prob>chi2 = 0.0000

Factor loadings (pattern matrix) and unique variances

    -------------------------------------------------
        Variable |  Factor1   Factor2 |   Uniqueness 
    -------------+--------------------+--------------
        central4 |   0.4164    0.5404 |      0.5345  
        central5 |   0.2093    0.8021 |      0.3129  
        central6 |   0.8359   -0.2190 |      0.2533  
        central7 |   0.8267   -0.2538 |      0.2521  
    -------------------------------------------------

. predict zorg2 if e(sample)
(regression scoring assumed)

Scoring coefficients (method = regression)

    ----------------------------------
        Variable |  Factor1   Factor2 
    -------------+--------------------
        central4 |  0.26037   0.51579 
        central5 |  0.13084   0.76552 
        central6 |  0.52264  -0.20901 
        central7 |  0.51690  -0.24225 
    ----------------------------------


. factor central4 central6 central7, pcf
(obs=1100)

Factor analysis/correlation                        Number of obs    =     1100
    Method: principal-component factors            Retained factors =        1
    Rotation: (unrotated)                          Number of params =        3

    --------------------------------------------------------------------------
         Factor  |   Eigenvalue   Difference        Proportion   Cumulative
    -------------+------------------------------------------------------------
        Factor1  |      1.57950      0.64689            0.5265       0.5265
        Factor2  |      0.93261      0.44471            0.3109       0.8374
        Factor3  |      0.48789            .            0.1626       1.0000
    --------------------------------------------------------------------------
    LR test: independent vs. saturated:  chi2(3)  =  362.75 Prob>chi2 = 0.0000

Factor loadings (pattern matrix) and unique variances

    ---------------------------------------
        Variable |  Factor1 |   Uniqueness 
    -------------+----------+--------------
        central4 |   0.4087 |      0.8330  
        central6 |   0.8463 |      0.2837  
        central7 |   0.8344 |      0.3038  
    ---------------------------------------

. predict zorg2b if e(sample)
(regression scoring assumed)

Scoring coefficients (method = regression)

    ------------------------
        Variable |  Factor1 
    -------------+----------
        central4 |  0.25873 
        central6 |  0.53583 
        central7 |  0.52826 
    ------------------------


. ge dmb=zorg2==. & zorg2b~=.

. replace zorg2=zorg2b if zorg2==.
(93 real changes made)

. factor central4 central6 central5, pcf
(obs=1048)

Factor analysis/correlation                        Number of obs    =     1048
    Method: principal-component factors            Retained factors =        1
    Rotation: (unrotated)                          Number of params =        3

    --------------------------------------------------------------------------
         Factor  |   Eigenvalue   Difference        Proportion   Cumulative
    -------------+------------------------------------------------------------
        Factor1  |      1.20177      0.25074            0.4006       0.4006
        Factor2  |      0.95104      0.10385            0.3170       0.7176
        Factor3  |      0.84719            .            0.2824       1.0000
    --------------------------------------------------------------------------
    LR test: independent vs. saturated:  chi2(3)  =   33.72 Prob>chi2 = 0.0000

Factor loadings (pattern matrix) and unique variances

    ---------------------------------------
        Variable |  Factor1 |   Uniqueness 
    -------------+----------+--------------
        central4 |   0.7186 |      0.4837  
        central6 |   0.6196 |      0.6161  
        central5 |   0.5491 |      0.6985  
    ---------------------------------------

. predict zorg2c if e(sample)
(regression scoring assumed)

Scoring coefficients (method = regression)

    ------------------------
        Variable |  Factor1 
    -------------+----------
        central4 |  0.59792 
        central6 |  0.51557 
        central5 |  0.45693 
    ------------------------


. ge dmc=zorg2==. & zorg2c~=.

. replace zorg2=zorg2c if zorg2==.
(41 real changes made)

. factor central7 central6 central5, pcf
(obs=1009)

Factor analysis/correlation                        Number of obs    =     1009
    Method: principal-component factors            Retained factors =        1
    Rotation: (unrotated)                          Number of params =        3

    --------------------------------------------------------------------------
         Factor  |   Eigenvalue   Difference        Proportion   Cumulative
    -------------+------------------------------------------------------------
        Factor1  |      1.52470      0.53302            0.5082       0.5082
        Factor2  |      0.99168      0.50805            0.3306       0.8388
        Factor3  |      0.48362            .            0.1612       1.0000
    --------------------------------------------------------------------------
    LR test: independent vs. saturated:  chi2(3)  =  315.25 Prob>chi2 = 0.0000

Factor loadings (pattern matrix) and unique variances

    ---------------------------------------
        Variable |  Factor1 |   Uniqueness 
    -------------+----------+--------------
        central7 |   0.8651 |      0.2515  
        central6 |   0.8671 |      0.2481  
        central5 |   0.1559 |      0.9757  
    ---------------------------------------

. predict zorg2d if e(sample)
(regression scoring assumed)

Scoring coefficients (method = regression)

    ------------------------
        Variable |  Factor1 
    -------------+----------
        central7 |  0.56741 
        central6 |  0.56873 
        central5 |  0.10225 
    ------------------------


. ge dmd=zorg2==. & zorg2d~=.

. replace zorg2=zorg2d if zorg2==.
(2 real changes made)

. factor central4 central6 , pcf
(obs=1143)

Factor analysis/correlation                        Number of obs    =     1143
    Method: principal-component factors            Retained factors =        1
    Rotation: (unrotated)                          Number of params =        1

    --------------------------------------------------------------------------
         Factor  |   Eigenvalue   Difference        Proportion   Cumulative
    -------------+------------------------------------------------------------
        Factor1  |      1.14522      0.29044            0.5726       0.5726
        Factor2  |      0.85478            .            0.4274       1.0000
    --------------------------------------------------------------------------
    LR test: independent vs. saturated:  chi2(1)  =   24.33 Prob>chi2 = 0.0000

Factor loadings (pattern matrix) and unique variances

    ---------------------------------------
        Variable |  Factor1 |   Uniqueness 
    -------------+----------+--------------
        central4 |   0.7567 |      0.4274  
        central6 |   0.7567 |      0.4274  
    ---------------------------------------

. predict zorg2e if e(sample)
(regression scoring assumed)

Scoring coefficients (method = regression)

    ------------------------
        Variable |  Factor1 
    -------------+----------
        central4 |  0.66076 
        central6 |  0.66076 
    ------------------------


. ge dme=zorg2==. & zorg2e~=.

. replace zorg2=zorg2e if zorg2==.
(2 real changes made)

. factor central4 central7 , pcf
(obs=1103)

Factor analysis/correlation                        Number of obs    =     1103
    Method: principal-component factors            Retained factors =        1
    Rotation: (unrotated)                          Number of params =        1

    --------------------------------------------------------------------------
         Factor  |   Eigenvalue   Difference        Proportion   Cumulative
    -------------+------------------------------------------------------------
        Factor1  |      1.12584      0.25167            0.5629       0.5629
        Factor2  |      0.87416            .            0.4371       1.0000
    --------------------------------------------------------------------------
    LR test: independent vs. saturated:  chi2(1)  =   17.58 Prob>chi2 = 0.0000

Factor loadings (pattern matrix) and unique variances

    ---------------------------------------
        Variable |  Factor1 |   Uniqueness 
    -------------+----------+--------------
        central4 |   0.7503 |      0.4371  
        central7 |   0.7503 |      0.4371  
    ---------------------------------------

. predict zorg2f if e(sample)
(regression scoring assumed)

Scoring coefficients (method = regression)

    ------------------------
        Variable |  Factor1 
    -------------+----------
        central4 |  0.66642 
        central7 |  0.66642 
    ------------------------


. ge dmf=zorg2==. & zorg2e~=.

. replace zorg2=zorg2f if zorg2==.
(3 real changes made)

. su zorg zorg2 zcentral4 zcentral5 zcentral6 zcentral7 if sa1==1

    Variable |       Obs        Mean    Std. Dev.       Min        Max
-------------+--------------------------------------------------------
        zorg |      1000    .2631307    .9778334  -2.018695   2.682867
       zorg2 |      1000    .0039554    .9839946  -1.566246   2.674422
   zcentral4 |       998    .0818066    .9701386  -1.452222   1.191924
   zcentral5 |       919    .1074403    1.090714  -.3037382   7.103927
   zcentral6 |       998    .2245637    1.049452  -.7186133   2.127315
-------------+--------------------------------------------------------
   zcentral7 |       962    .1604298    .9998809  -.9482264   1.951916

. egen zorg3=rmean(zcentral4 zcentral6 zcentral7)
(23 missing values generated)

. 
. ge w_net_int=w_net>0 if w_net~=.
(6 missing values generated)

. ge w_erp_int=w_erp_oth>0 if w_erp_oth~=.
(38 missing values generated)

. ge w_work_int=w_workstation>0 if w_workstation~=.
(126 missing values generated)

. 
. cap drop pace2

. factor paceofwork paceoftask, pcf
(obs=917)

Factor analysis/correlation                        Number of obs    =      917
    Method: principal-component factors            Retained factors =        1
    Rotation: (unrotated)                          Number of params =        1

    --------------------------------------------------------------------------
         Factor  |   Eigenvalue   Difference        Proportion   Cumulative
    -------------+------------------------------------------------------------
        Factor1  |      1.41980      0.83959            0.7099       0.7099
        Factor2  |      0.58020            .            0.2901       1.0000
    --------------------------------------------------------------------------
    LR test: independent vs. saturated:  chi2(1)  =  177.48 Prob>chi2 = 0.0000

Factor loadings (pattern matrix) and unique variances

    ---------------------------------------
        Variable |  Factor1 |   Uniqueness 
    -------------+----------+--------------
      paceofwork |   0.8426 |      0.2901  
      paceoftask |   0.8426 |      0.2901  
    ---------------------------------------

. predict pace2 if e(sample)
(regression scoring assumed)

Scoring coefficients (method = regression)

    ------------------------
        Variable |  Factor1 
    -------------+----------
      paceofwork |  0.59343 
      paceoftask |  0.59343 
    ------------------------


. ge dmp=pace2==. & paceoftask~=.

. replace pace2=paceoftask if pace2==. & paceoftask~=.
(358 real changes made)

. ge dmpa=pace2==. & paceofwork~=.

. replace pace2=paceofwork if pace2==. & paceofwork~=.
(1 real change made)

. su pace pace2

    Variable |       Obs        Mean    Std. Dev.       Min        Max
-------------+--------------------------------------------------------
        pace |      1276    .0830721    .2760994          0          1
       pace2 |      1276    .6206896    1.448302  -1.062689          5

. 
. ge pace_wk=paceofwork>3 if paceofwork~=.
(383 missing values generated)

. ge pace_tk=paceoftask>3 if paceoftask~=.
(26 missing values generated)

. 
. ge lmulti=ln(xsite1)

. replace lmulti=0 if xsite1==0
(0 real changes made)

. 
. * From accounts
. ge age=2006-founded
(6 missing values generated)

. cap drop ln_age*

. ge k_n=ppent_a/employees_a
(320 missing values generated)

. ge y_n=sales_a/employees_a
(137 missing values generated)

. foreach var in sales_a ppent_a wages_a k_n y_n age globaluo_emp {
  2. gen ln_`var'=ln(`var')
  3. ge ln_`var'miss=ln_`var'==.
  4. replace ln_`var'=-99 if ln_`var'==.
  5. }
(137 missing values generated)
(137 real changes made)
(325 missing values generated)
(325 real changes made)
(369 missing values generated)
(369 real changes made)
(325 missing values generated)
(325 real changes made)
(137 missing values generated)
(137 real changes made)
(6 missing values generated)
(6 real changes made)
(909 missing values generated)
(909 real changes made)

. 
. * Zorg
. cap estimates drop *

. * 1 Baseline
. eststo:areg zorg    w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa1==1
> , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  84,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3585
                                                  Adj R-squared   =     0.2038
                                                  Root MSE        =     0.8720

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |    .191599   .0867873     2.21   0.028     .0212818    .3619162
           w_net |  -.1880609   .0904569    -2.08   0.038    -.3655795   -.0105423
          lpcemp |  -.0433891   .0454668    -0.95   0.340    -.1326163     .045838
         lpcempm |  -4.042456   4.457668    -0.91   0.365    -12.79048     4.70557
              yy |          0  (omitted)
       ldegree_t |   .1041799   .0325485     3.20   0.001     .0403044    .1680553
   ldegree_tmiss |   .1589102   .1183339     1.34   0.180    -.0733161    .3911365
                 |
            nobs |
              2  |  -.1251244   .3040272    -0.41   0.681    -.7217677    .4715189
              3  |  -.0394028   .2912125    -0.14   0.892    -.6108977     .532092
              4  |  -.0163043   .3132851    -0.05   0.959    -.6311159    .5985074
              5  |   .1679468   .3017164     0.56   0.578    -.4241617    .7600553
              6  |   .1493403   .2908369     0.51   0.608    -.4214176    .7200981
              7  |   .4774663    .388735     1.23   0.220    -.2854133    1.240346
                 |
            ln_N |   .0645445   .0426352     1.51   0.130    -.0191256    .1482146
       ln_N_miss |   6.138927   4.468141     1.37   0.170    -2.629651    14.90751
           share |   .1248891   .0476281     2.62   0.009     .0314205    .2183578
       sharemiss |   12.48817   4.679678     2.67   0.008     3.304456    21.67188
           MNE_f |   .1835905   .0838199     2.19   0.029     .0190967    .3480842
           MNE_d |   .1555245   .0872783     1.78   0.075    -.0157563    .3268054
          onsite |  -.0836259    .069675    -1.20   0.230    -.2203607     .053109
         onsitem |  -8.269244    6.95049    -1.19   0.234    -21.90935    5.370861
             aa1 |  -1.053408   .5472038    -1.93   0.055    -2.127277    .0204615
             aa2 |  -1.199083   .3133035    -3.83   0.000    -1.813931   -.5842355
             aa3 |  -1.436639   .3663044    -3.92   0.000    -2.155499    -.717779
             aa4 |  -2.041958    .481385    -4.24   0.000     -2.98666   -1.097256
             aa5 |  -1.144567   .3336909    -3.43   0.001    -1.799424   -.4897095
             aa6 |   -.728305    .349342    -2.08   0.037    -1.413877   -.0427329
             aa7 |  -1.282632   .4989794    -2.57   0.010    -2.261862   -.3034011
             aa8 |  -1.312786   .2537406    -5.17   0.000    -1.810743   -.8148281
             aa9 |  -.3002046    .390765    -0.77   0.443    -1.067068    .4666588
            aa10 |  -1.027554   .2756445    -3.73   0.000    -1.568497   -.4866107
            aa11 |          0  (omitted)
            aa12 |  -1.605849   .4178241    -3.84   0.000    -2.425815   -.7858831
            aa13 |  -.8174206   .3225018    -2.53   0.011     -1.45032   -.1845214
            aa14 |   -.434838   .2839443    -1.53   0.126    -.9920692    .1223932
            aa15 |  -1.616056   .3706003    -4.36   0.000    -2.343347   -.8887648
            aa16 |  -1.273397   .2853235    -4.46   0.000    -1.833335   -.7134593
            aa17 |  -1.084557   .5873232    -1.85   0.065     -2.23716    .0680448
            aa18 |          0  (omitted)
            aa19 |  -.6425227   .2626909    -2.45   0.015    -1.158045   -.1270005
            aa20 |    -1.1663   .3458898    -3.37   0.001    -1.845097   -.4875027
            aa21 |  -.2220209   .5746256    -0.39   0.699    -1.349705    .9056628
            aa22 |  -2.760194   .3813561    -7.24   0.000    -3.508592   -2.011795
            aa23 |   -1.16269   .3762403    -3.09   0.002    -1.901049   -.4243303
            aa24 |  -.5286802   .4776593    -1.11   0.269    -1.466071    .4087102
            aa25 |   -1.87044   .4858492    -3.85   0.000    -2.823903   -.9169772
            aa26 |  -.8626278   .2524023    -3.42   0.001    -1.357959   -.3672967
            aa27 |  -.8362097   .2787519    -3.00   0.003    -1.383251   -.2891684
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1429385   .3646234     0.39   0.695    -.5726228    .8584998
            aa31 |  -.9753797   .3202641    -3.05   0.002    -1.603887   -.3468721
            aa32 |  -1.884796   .3809862    -4.95   0.000    -2.632469   -1.137124
            aa33 |          0  (omitted)
            aa34 |  -.5376833   .3216711    -1.67   0.095    -1.168952    .0935856
            aa35 |   -.784425   .2417469    -3.24   0.001    -1.258845   -.3100047
            aa36 |  -.7077026   .5817868    -1.22   0.224     -1.84944    .4340347
            aa37 |          0  (omitted)
            aa38 |  -.9571399   .4370008    -2.19   0.029     -1.81474   -.0995403
            aa39 |  -.4530257   .2935294    -1.54   0.123    -1.029067    .1230161
            aa40 |  -.9821326   .5486647    -1.79   0.074    -2.058869    .0946036
            aa41 |  -.7366673   .4301695    -1.71   0.087    -1.580861    .1075262
            aa42 |          0  (omitted)
            aa43 |  -1.251224   .3322531    -3.77   0.000     -1.90326    -.599188
            aa44 |  -.6226507   .3627847    -1.72   0.086    -1.334604    .0893023
            aa45 |   -.165808   .4347758    -0.38   0.703    -1.019041    .6874251
            aa46 |  -.5980253   .4360457    -1.37   0.171    -1.453751    .2576999
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0529306    .025386     2.09   0.037     .0031114    .1027498
 reliabilitymiss |   5.885833   2.777134     2.12   0.034     .4358003    11.33587
             dd1 |  -.0962748   .2280799    -0.42   0.673     -.543874    .3513245
             dd2 |  -.0297776   .1570449    -0.19   0.850    -.3379731    .2784178
             dd3 |   .2049843   .1400935     1.46   0.144    -.0699447    .4799132
             dd4 |   .0689389   .1385804     0.50   0.619    -.2030205    .3408982
             dd5 |   -.059496   .1360537    -0.44   0.662    -.3264968    .2075049
             dd6 |  -.0308988   .1422103    -0.22   0.828    -.3099817    .2481842
             dd7 |   .1042548    .179715     0.58   0.562      -.24843    .4569395
             dd8 |          0  (omitted)
    i_comptenure |  -.0060017   .0031626    -1.90   0.058    -.0122081    .0002047
i_comptenuremiss |  -.7377565   .4291099    -1.72   0.086    -1.579871    .1043575
     i_seniority |   .0276645   .0440503     0.63   0.530    -.0587829    .1141118
 i_senioritymiss |   2.721876    4.50137     0.60   0.546    -6.111914    11.55567
        duration |  -.0021867    .003033    -0.72   0.471    -.0081389    .0037654
    durationmiss |   .1624135   .5348369     0.30   0.761    -.8871863    1.212013
          zcount |   .0152622   .1869962     0.08   0.935    -.3517116    .3822361
         zcount4 |   .5745269    .370898     1.55   0.122    -.1533481    1.302402
         zcount5 |    .313393   .2191726     1.43   0.153     -.116726     .743512
         zcount6 |   .2854314   .3566772     0.80   0.424    -.4145358    .9853986
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1732004    .306913    -0.56   0.573     -.775507    .4291062
           cc_ge |  -.5373354   .2225834    -2.41   0.016    -.9741479   -.1005229
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4030299   .3883754     1.04   0.300     -.359144    1.165204
           cc_jp |          0  (omitted)
           cc_po |  -.7958397   .5412102    -1.47   0.142    -1.857947    .2662673
           cc_pt |  -.4440261   .4071886    -1.09   0.276     -1.24312     .355068
           cc_sw |   .2201826   .3082592     0.71   0.475    -.3847659     .825131
           cc_uk |   .1176073   .1453569     0.81   0.419    -.1676508    .4028654
           _cons |   .1038584   .9377841     0.11   0.912    -1.736512    1.944229
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est1 stored)

. * 7 Regional dummies & PMK
. eststo:xi: areg zorg llernermedian* w_erp_oth   w_net lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* i.wvs if le
> vels_ceopm>0 & sa1==1  , cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.wvs_reg         _Iwvs_reg_1-66      (_Iwvs_reg_1 for wvs~g==Alentejo omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: _Iwvs_reg_26 omitted because of collinearity
note: _Iwvs_reg_43 omitted because of collinearity
note: _Iwvs_reg_46 omitted because of collinearity
note: _Iwvs_reg_51 omitted because of collinearity
note: _Iwvs_reg_61 omitted because of collinearity
note: _Iwvs_reg_63 omitted because of collinearity
note: _Iwvs_reg_64 omitted because of collinearity
note: _Iwvs_reg_66 omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F( 142,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.4230
                                                  Adj R-squared   =     0.2273
                                                  Root MSE        =     0.8584

                                (Std. Err. adjusted for 950 clusters in company_id)
-----------------------------------------------------------------------------------
                  |               Robust
             zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
    llernermedian |  -.5090591   2.974029    -0.17   0.864    -6.345492    5.327374
llernermedianmiss |  -52.56429   297.3365    -0.18   0.860    -636.0774    530.9488
        w_erp_oth |   .1813423   .0915797     1.98   0.048     .0016201    .3610645
            w_net |  -.2278266   .0948289    -2.40   0.016    -.4139251    -.041728
           lpcemp |  -.0450598   .0473426    -0.95   0.341     -.137968    .0478484
          lpcempm |  -4.273847    4.63773    -0.92   0.357    -13.37524    4.827544
               yy |          0  (omitted)
        ldegree_t |   .0812144    .034717     2.34   0.020     .0130834    .1493453
    ldegree_tmiss |   .0547739   .1236832     0.44   0.658    -.1879502     .297498
         _Inobs_2 |  -.2428362    .342818    -0.71   0.479    -.9156052    .4299327
         _Inobs_3 |  -.2122804    .328959    -0.65   0.519    -.8578515    .4332908
         _Inobs_4 |  -.1764176   .3583493    -0.49   0.623    -.8796663    .5268311
         _Inobs_5 |   .0415267   .3428983     0.12   0.904    -.6313999    .7144534
         _Inobs_6 |   .0075921   .3331098     0.02   0.982    -.6461248     .661309
         _Inobs_7 |   .3110539   .4339896     0.72   0.474    -.5406363    1.162744
             ln_N |   .0653746   .0439076     1.49   0.137    -.0207925    .1515418
        ln_N_miss |   6.131875   4.610992     1.33   0.184    -2.917044    15.18079
            share |   .1225742     .05119     2.39   0.017     .0221155    .2230329
        sharemiss |   12.25971   5.018106     2.44   0.015     2.411839    22.10757
            MNE_f |   .1664608   .0882834     1.89   0.060    -.0067924     .339714
            MNE_d |   .1371826   .0871946     1.57   0.116     -.033934    .3082992
           onsite |  -.0877606   .0703688    -1.25   0.213     -.225857    .0503359
          onsitem |  -8.680075   7.012217    -1.24   0.216    -22.44132    5.081169
              aa1 |  -1.307932   .5853015    -2.23   0.026    -2.456567    -.159297
              aa2 |  -1.646715   .4681222    -3.52   0.000     -2.56539   -.7280413
              aa3 |    -1.4038   .4364593    -3.22   0.001    -2.260337   -.5472636
              aa4 |  -1.973184   .5245064    -3.76   0.000     -3.00251   -.9438577
              aa5 |  -1.469219   .4314788    -3.41   0.001    -2.315982   -.6224563
              aa6 |   -.851024   .4338558    -1.96   0.050    -1.702452    .0004037
              aa7 |   -1.45422   .8938998    -1.63   0.104    -3.208469    .3000288
              aa8 |  -1.402394   .3703002    -3.79   0.000    -2.129096   -.6756916
              aa9 |  -.6383203   .4658853    -1.37   0.171    -1.552605    .2759642
             aa10 |  -1.233316   .3636077    -3.39   0.001    -1.946884   -.5197479
             aa11 |          0  (omitted)
             aa12 |  -1.591595    .463756    -3.43   0.001      -2.5017    -.681489
             aa13 |  -1.048225   .4196198    -2.50   0.013    -1.871715   -.2247353
             aa14 |   -.679403   .3775644    -1.80   0.072    -1.420361    .0615546
             aa15 |  -1.696689   .4539196    -3.74   0.000    -2.587491   -.8058872
             aa16 |  -1.490845   .3763548    -3.96   0.000    -2.229428    -.752261
             aa17 |  -1.384176   .6048923    -2.29   0.022    -2.571257   -.1970948
             aa18 |          0  (omitted)
             aa19 |  -.7209384   .3458833    -2.08   0.037    -1.399723   -.0421538
             aa20 |   -1.42207    .415734    -3.42   0.001    -2.237935   -.6062063
             aa21 |  -.4974813   .6025035    -0.83   0.409    -1.679874    .6849119
             aa22 |  -2.773475   .3728695    -7.44   0.000    -3.505219   -2.041731
             aa23 |  -1.215052   .4588864    -2.65   0.008    -2.115601   -.3145026
             aa24 |  -.7431291   .5509772    -1.35   0.178    -1.824404    .3381454
             aa25 |  -1.936657   .5077251    -3.81   0.000    -2.933051   -.9402637
             aa26 |  -1.113622   .3466144    -3.21   0.001    -1.793841    -.433403
             aa27 |  -1.073703   .3417081    -3.14   0.002    -1.744294   -.4031125
             aa28 |          0  (omitted)
             aa29 |          0  (omitted)
             aa30 |  -.0211533   .4647459    -0.05   0.964    -.9332018    .8908951
             aa31 |  -1.072446   .4092174    -2.62   0.009    -1.875522   -.2693704
             aa32 |  -2.364823   .5342511    -4.43   0.000    -3.413273   -1.316373
             aa33 |          0  (omitted)
             aa34 |  -.3261421   .4204599    -0.78   0.438    -1.151281    .4989965
             aa35 |  -.9017709   .3366656    -2.68   0.008    -1.562466   -.2410759
             aa36 |  -1.043584   .5909328    -1.77   0.078     -2.20327    .1161018
             aa37 |          0  (omitted)
             aa38 |  -1.166272   .5155326    -2.26   0.024    -2.177988   -.1545565
             aa39 |  -.7051688   .3837713    -1.84   0.066    -1.458307    .0479696
             aa40 |  -.9914151   .6354113    -1.56   0.119    -2.238389    .2555585
             aa41 |  -1.043844   .5146718    -2.03   0.043     -2.05387   -.0338175
             aa42 |          0  (omitted)
             aa43 |  -1.328638    .406174    -3.27   0.001    -2.125741   -.5315352
             aa44 |  -.7268988   .4721166    -1.54   0.124    -1.653412    .1996145
             aa45 |  -.4414763   .5161139    -0.86   0.393    -1.454333    .5713802
             aa46 |  -.8001874   .4333692    -1.85   0.065     -1.65066    .0502852
             aa47 |          0  (omitted)
             aa48 |          0  (omitted)
      reliability |   .0616795   .0258234     2.39   0.017     .0110019    .1123571
  reliabilitymiss |   7.045272   2.877394     2.45   0.015     1.398481    12.69206
              dd1 |  -.0088882    .231799    -0.04   0.969    -.4637861    .4460097
              dd2 |   .0302285   .1629724     0.19   0.853    -.2895995    .3500565
              dd3 |    .242546   .1419095     1.71   0.088    -.0359466    .5210386
              dd4 |   .0706497   .1424583     0.50   0.620      -.20892    .3502193
              dd5 |  -.0312967   .1390573    -0.23   0.822    -.3041921    .2415988
              dd6 |  -.0188169   .1506101    -0.12   0.901    -.3143843    .2767505
              dd7 |    .127379   .1901135     0.67   0.503    -.2457125    .5004704
              dd8 |          0  (omitted)
     i_comptenure |  -.0062513   .0032716    -1.91   0.056    -.0126717    .0001691
 i_comptenuremiss |  -1.012044   .4435145    -2.28   0.023    -1.882426   -.1416611
      i_seniority |   .0469647   .0446723     1.05   0.293    -.0407033    .1346327
  i_senioritymiss |   4.560321   4.560987     1.00   0.318    -4.390465    13.51111
         duration |  -.0029808   .0030917    -0.96   0.335    -.0090481    .0030865
     durationmiss |   .1352579   .5286234     0.26   0.798     -.902148    1.172664
           zcount |  -.0446199   .1856313    -0.24   0.810    -.4089152    .3196754
          zcount4 |   .2879289   .3984258     0.72   0.470    -.4939687    1.069826
          zcount5 |   .2841365   .2191687     1.30   0.195    -.1459748    .7142479
          zcount6 |   .3277343   .4135616     0.79   0.428    -.4838667    1.139335
          zcount7 |          0  (omitted)
            cc_cn |          0  (omitted)
            cc_fr |   .0121535   .4534997     0.03   0.979    -.8778246    .9021317
            cc_ge |  -.2595467   .4114362    -0.63   0.528    -1.066977    .5478832
            cc_gr |          0  (omitted)
            cc_in |          0  (omitted)
            cc_it |  -.1098733   .5147635    -0.21   0.831     -1.12008    .9003331
            cc_jp |          0  (omitted)
            cc_po |  -.8352646   .5902749    -1.42   0.157     -1.99366    .3231304
            cc_pt |  -.5406349   .8976022    -0.60   0.547     -2.30215     1.22088
            cc_sw |   -.536261   .7025979    -0.76   0.446    -1.915086    .8425642
            cc_uk |  -.3673871   .4394115    -0.84   0.403    -1.229718    .4949434
      _Iwvs_reg_2 |  -.1008562   .2753086    -0.37   0.714    -.6411402    .4394278
      _Iwvs_reg_3 |  -.2154278   .3721045    -0.58   0.563    -.9456704    .5148149
      _Iwvs_reg_4 |  -.1456426   .2802895    -0.52   0.603    -.6957014    .4044162
      _Iwvs_reg_5 |    -.15925   .3341681    -0.48   0.634    -.8150438    .4965438
      _Iwvs_reg_6 |   .1523065    .350533     0.43   0.664    -.5356029    .8402159
      _Iwvs_reg_7 |   .1055758   .2308996     0.46   0.648    -.3475569    .5587086
      _Iwvs_reg_8 |  -.5787515   .3222359    -1.80   0.073    -1.211129    .0536258
      _Iwvs_reg_9 |   .3969885   .4314566     0.92   0.358    -.4497308    1.243708
     _Iwvs_reg_10 |  -.2382322    .238189    -1.00   0.317    -.7056703    .2292059
     _Iwvs_reg_11 |   .1022437   .4103321     0.25   0.803    -.7030196    .9075069
     _Iwvs_reg_12 |   .5838377    .489604     1.19   0.233     -.376994    1.544669
     _Iwvs_reg_13 |  -.2269375   .4131936    -0.55   0.583    -1.037816    .5839412
     _Iwvs_reg_14 |   .1605774    .516796     0.31   0.756    -.8536175    1.174772
     _Iwvs_reg_15 |  -.3923888    .388824    -1.01   0.313    -1.155443    .3706655
     _Iwvs_reg_16 |   .9062435    .760752     1.19   0.234    -.5867071    2.399194
     _Iwvs_reg_17 |   .4587621    .294387     1.56   0.119    -.1189626    1.036487
     _Iwvs_reg_18 |  -.1229695   .9786963    -0.13   0.900    -2.043629     1.79769
     _Iwvs_reg_19 |  -.3950011   .3423068    -1.15   0.249    -1.066767    .2767647
     _Iwvs_reg_20 |  -.3400746   .2804877    -1.21   0.226    -.8905225    .2103733
     _Iwvs_reg_21 |  -.6140988   .5650328    -1.09   0.277    -1.722957    .4947593
     _Iwvs_reg_22 |   .4260103   .3577343     1.19   0.234    -.2760315    1.128052
     _Iwvs_reg_23 |   .1463912   .3204765     0.46   0.648    -.4825334    .7753157
     _Iwvs_reg_24 |  -.4132522   .2665551    -1.55   0.121    -.9363578    .1098534
     _Iwvs_reg_25 |   1.150652   .5986024     1.92   0.055    -.0240854     2.32539
     _Iwvs_reg_26 |          0  (omitted)
     _Iwvs_reg_27 |   .6020657   .3711924     1.62   0.105     -.126387    1.330518
     _Iwvs_reg_28 |   .1284048   .4246553     0.30   0.762    -.7049673    .9617768
     _Iwvs_reg_29 |  -.0090939   .3804039    -0.02   0.981     -.755624    .7374361
     _Iwvs_reg_30 |   .2269671   .3115579     0.73   0.466     -.384455    .8383892
     _Iwvs_reg_31 |   .1516217   .2332571     0.65   0.516    -.3061375     .609381
     _Iwvs_reg_32 |   .1656049   .2738862     0.60   0.546    -.3718877    .7030975
     _Iwvs_reg_33 |   .4838541   .4199705     1.15   0.250    -.3403241    1.308032
     _Iwvs_reg_34 |  -.1438207     .59578    -0.24   0.809    -1.313019    1.025378
     _Iwvs_reg_35 |   -.163204   .4363678    -0.37   0.708    -1.019561    .6931534
     _Iwvs_reg_36 |   .9758019    .843896     1.16   0.248    -.6803161     2.63192
     _Iwvs_reg_37 |  -.6388393   .4409698    -1.45   0.148    -1.504228    .2265494
     _Iwvs_reg_38 |   .7748711   .4392244     1.76   0.078    -.0870922    1.636835
     _Iwvs_reg_39 |    1.28016   .5818661     2.20   0.028     .1382667    2.422053
     _Iwvs_reg_40 |   .3674836    .395062     0.93   0.353    -.4078125     1.14278
     _Iwvs_reg_41 |   .5145377   .4294308     1.20   0.231     -.328206    1.357281
     _Iwvs_reg_42 |   .9168617   .7124723     1.29   0.198    -.4813415    2.315065
     _Iwvs_reg_43 |          0  (omitted)
     _Iwvs_reg_44 |  -.3501735   .4566392    -0.77   0.443    -1.246313    .5459658
     _Iwvs_reg_45 |   .6532649    .572351     1.14   0.254     -.469955    1.776485
     _Iwvs_reg_46 |          0  (omitted)
     _Iwvs_reg_47 |  -.1874324   .4840093    -0.39   0.699    -1.137285    .7624198
     _Iwvs_reg_48 |    .071407   .5926498     0.12   0.904    -1.091649    1.234463
     _Iwvs_reg_49 |   -.577716   .6942335    -0.83   0.406    -1.940126    .7846944
     _Iwvs_reg_50 |   .6636395   .3893297     1.70   0.089    -.1004071    1.427686
     _Iwvs_reg_51 |          0  (omitted)
     _Iwvs_reg_52 |   .0061203   .4394484     0.01   0.989    -.8562827    .8685233
     _Iwvs_reg_53 |  -.2489639   .3529502    -0.71   0.481     -.941617    .4436891
     _Iwvs_reg_54 |   .2097484   .3017944     0.70   0.487    -.3825131    .8020099
     _Iwvs_reg_55 |  -.0640756   .3496145    -0.18   0.855    -.7501825    .6220312
     _Iwvs_reg_56 |  -.1758756    .362422    -0.49   0.628    -.8871168    .5353655
     _Iwvs_reg_57 |    .231296   .4532608     0.51   0.610    -.6582134    1.120805
     _Iwvs_reg_58 |   .0171753   .4472932     0.04   0.969    -.8606228    .8949735
     _Iwvs_reg_59 |   .2160891   .6246907     0.35   0.729    -1.009846    1.442024
     _Iwvs_reg_60 |   .1114308   .3442388     0.32   0.746    -.5641265     .786988
     _Iwvs_reg_61 |          0  (omitted)
     _Iwvs_reg_62 |  -.5392803   .3635968    -1.48   0.138    -1.252827    .1742664
     _Iwvs_reg_63 |          0  (omitted)
     _Iwvs_reg_64 |          0  (omitted)
     _Iwvs_reg_65 |   .8494596   .5962545     1.42   0.155      -.32067    2.019589
     _Iwvs_reg_66 |          0  (omitted)
            _cons |   1.158609   3.072076     0.38   0.706    -4.870239    7.187457
------------------+----------------------------------------------------------------
              sic |   absorbed                                     (110 categories)
(est2 stored)

. * 8 Adding extra firm controls
. eststo: areg zorg w_erp_oth  w_net ln_k_n* ln_y_n* ln_wages* ln_age* public*  ln_global*    lpcemp lpcempm yy* ldegree_t* $collapse 
> $firm $noise_a zcount* cc*  if levels_ceopm>0 & sa1==1  , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  96,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3654
                                                  Adj R-squared   =     0.2005
                                                  Root MSE        =     0.8738

                                  (Std. Err. adjusted for 950 clusters in company_id)
-------------------------------------------------------------------------------------
                    |               Robust
               zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
          w_erp_oth |   .1890453   .0877851     2.15   0.032       .01677    .3613205
              w_net |  -.1787839   .0922601    -1.94   0.053    -.3598412    .0022735
             ln_k_n |   .0128192   .0445467     0.29   0.774    -.0746023    .1002407
         ln_k_nmiss |   1.460038   4.568976     0.32   0.749    -7.506425     10.4265
             ln_y_n |  -.0444538   .0540749    -0.82   0.411    -.1505741    .0616665
         ln_y_nmiss |  -4.727413   5.630192    -0.84   0.401    -15.77648    6.321653
         ln_wages_a |  -.0709997   .0481131    -1.48   0.140      -.16542    .0234206
     ln_wages_amiss |   -7.83255   5.183913    -1.51   0.131    -18.00581    2.340708
             ln_age |  -.0228886    .039093    -0.59   0.558    -.0996073    .0538302
         ln_agemiss |  -3.361388   4.049212    -0.83   0.407    -11.30783    4.585056
             public |   .0733045   .1150989     0.64   0.524    -.1525734    .2991823
         publicmiss |   7.425654   11.43032     0.65   0.516    -15.00597    29.85728
    ln_globaluo_emp |   .0102631   .0242895     0.42   0.673    -.0374042    .0579304
ln_globaluo_empmiss |   1.043952   2.617948     0.40   0.690    -4.093684    6.181589
             lpcemp |  -.0293959   .0457295    -0.64   0.520    -.1191385    .0603466
            lpcempm |  -2.619517   4.487513    -0.58   0.560    -11.42611    6.187078
                 yy |          0  (omitted)
          ldegree_t |   .1050907   .0330834     3.18   0.002     .0401657    .1700157
      ldegree_tmiss |   .1698183   .1200638     1.41   0.158     -.065803    .4054397
                    |
               nobs |
                 2  |  -.0514369   .2858407    -0.18   0.857    -.6123899     .509516
                 3  |   .0224173   .2702086     0.08   0.934     -.507858    .5526926
                 4  |   .0606721   .2993612     0.20   0.839    -.5268143    .6481586
                 5  |   .2569343   .2864629     0.90   0.370    -.3052395    .8191082
                 6  |    .226143   .2753908     0.82   0.412    -.3143024    .7665883
                 7  |   .5611092   .3857861     1.45   0.146    -.1959834    1.318202
                    |
               ln_N |   .1024169   .0487276     2.10   0.036     .0067907    .1980432
          ln_N_miss |   10.18448   5.113977     1.99   0.047     .1484746     20.2205
              share |   .1436429   .0495185     2.90   0.004     .0464644    .2408213
          sharemiss |   14.34689   4.867723     2.95   0.003     4.794145    23.89963
              MNE_f |   .1674478   .0918385     1.82   0.069    -.0127823    .3476779
              MNE_d |   .1537419   .0881911     1.74   0.082    -.0193302     .326814
             onsite |  -.0835877   .0713936    -1.17   0.242    -.2236952    .0565198
            onsitem |  -8.278807      7.111    -1.16   0.245    -22.23391    5.676294
                aa1 |  -1.094713   .5771873    -1.90   0.058    -2.227424     .037998
                aa2 |  -1.249251   .3779916    -3.30   0.001    -1.991047   -.5074545
                aa3 |   -1.54607   .3931407    -3.93   0.000    -2.317596   -.7745448
                aa4 |  -2.164592   .5154597    -4.20   0.000    -3.176165    -1.15302
                aa5 |   -1.20301   .3652963    -3.29   0.001    -1.919892   -.4861283
                aa6 |  -.7479751   .3697079    -2.02   0.043    -1.473515   -.0224356
                aa7 |  -1.474652   .5811905    -2.54   0.011    -2.615219   -.3340847
                aa8 |  -1.385663    .294212    -4.71   0.000    -1.963044   -.8082813
                aa9 |  -.3556237   .4336657    -0.82   0.412    -1.206678    .4954309
               aa10 |  -1.106174   .3123714    -3.54   0.000    -1.719192   -.4931553
               aa11 |          0  (omitted)
               aa12 |  -1.707086   .4589811    -3.72   0.000    -2.607822   -.8063512
               aa13 |  -.8724189   .3474954    -2.51   0.012    -1.554367   -.1904707
               aa14 |  -.4861921   .3278067    -1.48   0.138    -1.129502    .1571177
               aa15 |  -1.651119   .4063726    -4.06   0.000    -2.448612   -.8536265
               aa16 |  -1.327831    .321739    -4.13   0.000    -1.959233    -.696429
               aa17 |  -1.146813   .6175507    -1.86   0.064    -2.358735    .0651101
               aa18 |          0  (omitted)
               aa19 |  -.7032159    .304704    -2.31   0.021    -1.301187   -.1052443
               aa20 |  -1.238338    .374913    -3.30   0.001    -1.974092   -.5025832
               aa21 |  -.2389682   .5878607    -0.41   0.684    -1.392625     .914689
               aa22 |  -2.814976   .4229967    -6.65   0.000    -3.645093   -1.984859
               aa23 |  -1.180943   .4007647    -2.95   0.003    -1.967431   -.3944559
               aa24 |   -.516825   .5215895    -0.99   0.322    -1.540427    .5067771
               aa25 |  -2.003313   .5198629    -3.85   0.000    -3.023526   -.9830989
               aa26 |   -.937729   .2946996    -3.18   0.002    -1.516067   -.3593908
               aa27 |  -.9408501   .3278612    -2.87   0.004    -1.584267   -.2974333
               aa28 |          0  (omitted)
               aa29 |          0  (omitted)
               aa30 |   .0268646   .4094393     0.07   0.948    -.7766464    .8303756
               aa31 |  -1.022951   .3569097    -2.87   0.004    -1.723375   -.3225279
               aa32 |  -1.925952   .4233687    -4.55   0.000    -2.756799   -1.095105
               aa33 |          0  (omitted)
               aa34 |  -.6410155   .3637307    -1.76   0.078    -1.354825    .0727941
               aa35 |    -.83529   .2955261    -2.83   0.005     -1.41525   -.2553298
               aa36 |  -.7583736   .6092735    -1.24   0.214    -1.954053    .4373055
               aa37 |          0  (omitted)
               aa38 |  -.9886632   .4629957    -2.14   0.033    -1.897277   -.0800494
               aa39 |  -.4949148   .3380054    -1.46   0.143    -1.158239    .1684097
               aa40 |  -1.038516   .5923878    -1.75   0.080    -2.201057    .1240254
               aa41 |  -.7974507   .4413078    -1.81   0.071    -1.663503    .0686012
               aa42 |          0  (omitted)
               aa43 |   -1.31516   .3755699    -3.50   0.000    -2.052203   -.5781164
               aa44 |  -.7107497   .3642289    -1.95   0.051    -1.425537    .0040375
               aa45 |  -.1892113   .4533722    -0.42   0.677    -1.078939    .7005166
               aa46 |  -.6622536   .4661711    -1.42   0.156    -1.577099    .2525917
               aa47 |          0  (omitted)
               aa48 |          0  (omitted)
        reliability |   .0532007   .0257439     2.07   0.039     .0026791    .1037223
    reliabilitymiss |    5.88932   2.821874     2.09   0.037     .3514856    11.42715
                dd1 |  -.1423748   .2290579    -0.62   0.534    -.5918933    .3071437
                dd2 |  -.0314232   .1599546    -0.20   0.844    -.3453288    .2824824
                dd3 |   .1870013   .1448902     1.29   0.197    -.0973408    .4713435
                dd4 |   .0546904   .1433637     0.38   0.703     -.226656    .3360369
                dd5 |  -.0656602   .1404753    -0.47   0.640    -.3413384     .210018
                dd6 |  -.0415392   .1451254    -0.29   0.775    -.3263431    .2432646
                dd7 |   .0745324   .1856783     0.40   0.688    -.2898551      .43892
                dd8 |          0  (omitted)
       i_comptenure |  -.0053775   .0031882    -1.69   0.092    -.0116342    .0008792
   i_comptenuremiss |  -.7068873   .4350525    -1.62   0.105    -1.560663    .1468888
        i_seniority |   .0293573   .0448487     0.65   0.513    -.0586569    .1173715
    i_senioritymiss |   2.937561   4.584586     0.64   0.522    -6.059537    11.93466
           duration |  -.0018337   .0030269    -0.61   0.545    -.0077739    .0041065
       durationmiss |   .2156575   .5343232     0.40   0.687     -.832934    1.264249
             zcount |  -.0208195   .1877698    -0.11   0.912    -.3893115    .3476725
            zcount4 |   .5775169   .3894142     1.48   0.138    -.1866956    1.341729
            zcount5 |   .2388592   .2204694     1.08   0.279    -.1938047    .6715231
            zcount6 |   .2741539   .3860785     0.71   0.478    -.4835125     1.03182
            zcount7 |          0  (omitted)
              cc_cn |          0  (omitted)
              cc_fr |  -.1856741   .3302818    -0.56   0.574    -.8338412    .4624931
              cc_ge |  -.5643339   .2306927    -2.45   0.015    -1.017061   -.1116072
              cc_gr |          0  (omitted)
              cc_in |          0  (omitted)
              cc_it |   .4531634   .4092305     1.11   0.268    -.3499378    1.256265
              cc_jp |          0  (omitted)
              cc_po |  -.8716902   .5738572    -1.52   0.129    -1.997866    .2544855
              cc_pt |  -.4128889   .4873003    -0.85   0.397      -1.3692    .5434219
              cc_sw |   .1481763    .332418     0.45   0.656     -.504183    .8005357
              cc_uk |   .0838688   .1889199     0.44   0.657    -.2868802    .4546178
              _cons |   .9416507    1.07255     0.88   0.380    -1.163193    3.046494
--------------------+----------------------------------------------------------------
                sic |   absorbed                                     (110 categories)
(est3 stored)

. * 5 Alternative network variables
. eststo:areg zorg w_erp_oth  w_net2 w_net2m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa
> 1==1, cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  85,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3594
                                                  Adj R-squared   =     0.2040
                                                  Root MSE        =     0.8719

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1789901   .0859716     2.08   0.038     .0102737    .3477064
          w_net2 |  -.1438826   .0844291    -1.70   0.089     -.309572    .0218068
         w_net2m |  -13.87371   8.386228    -1.65   0.098     -30.3314    2.583985
          lpcemp |  -.0465485   .0460677    -1.01   0.313    -.1369549     .043858
         lpcempm |  -4.365307   4.513842    -0.97   0.334    -13.22357    4.492958
              yy |          0  (omitted)
       ldegree_t |   .1072892   .0325833     3.29   0.001     .0433455    .1712328
   ldegree_tmiss |   .1623822   .1182799     1.37   0.170    -.0697382    .3945026
                 |
            nobs |
              2  |   -.026861   .3159691    -0.09   0.932      -.64694    .5932179
              3  |   .0452836    .303097     0.15   0.881    -.5495342    .6401014
              4  |   .0552948    .326963     0.17   0.866    -.5863594    .6969489
              5  |    .251689   .3130093     0.80   0.422    -.3625815    .8659594
              6  |   .2463887   .3067699     0.80   0.422     -.355637    .8484144
              7  |   .5462586   .4016563     1.36   0.174    -.2419786    1.334496
                 |
            ln_N |   .0652017   .0427251     1.53   0.127    -.0186449    .1490483
       ln_N_miss |   6.157434    4.48496     1.37   0.170    -2.644151    14.95902
           share |   .1284606   .0476438     2.70   0.007     .0349612      .22196
       sharemiss |   12.81879   4.679977     2.74   0.006      3.63449    22.00309
           MNE_f |   .1765433   .0830026     2.13   0.034     .0136534    .3394332
           MNE_d |   .1518876   .0873244     1.74   0.082    -.0194836    .3232589
          onsite |  -.0941774    .069655    -1.35   0.177     -.230873    .0425182
         onsitem |  -9.328181   6.946769    -1.34   0.180    -22.96099    4.304623
             aa1 |  -.9916734   .5479973    -1.81   0.071      -2.0671    .0837531
             aa2 |  -1.173135    .323728    -3.62   0.000     -1.80844   -.5378291
             aa3 |  -1.403433   .3710897    -3.78   0.000    -2.131684   -.6751819
             aa4 |  -2.014967   .4899492    -4.11   0.000    -2.976476   -1.053458
             aa5 |  -1.175306   .3399896    -3.46   0.001    -1.842524   -.5080876
             aa6 |  -.7508529   .3502408    -2.14   0.032    -1.438189    -.063517
             aa7 |  -1.504595   .5493327    -2.74   0.006    -2.582642   -.4265478
             aa8 |  -1.338342    .260115    -5.15   0.000     -1.84881   -.8278754
             aa9 |  -.2108924   .3924738    -0.54   0.591    -.9811093    .5593245
            aa10 |  -1.058617   .2784654    -3.80   0.000    -1.605096   -.5121378
            aa11 |          0  (omitted)
            aa12 |   -1.57829   .4277649    -3.69   0.000    -2.417764   -.7388156
            aa13 |   -.838734   .3237699    -2.59   0.010    -1.474122   -.2033463
            aa14 |  -.4498884   .2892865    -1.56   0.120    -1.017604    .1178267
            aa15 |  -1.592044   .3756362    -4.24   0.000    -2.329217     -.85487
            aa16 |  -1.271872   .2909493    -4.37   0.000     -1.84285   -.7008934
            aa17 |   -.996249   .5857445    -1.70   0.089    -2.145753    .1532552
            aa18 |          0  (omitted)
            aa19 |  -.6889792     .26681    -2.58   0.010    -1.212585   -.1653733
            aa20 |   -1.17868   .3505173    -3.36   0.001    -1.866558   -.4908012
            aa21 |  -.2372639    .578415    -0.41   0.682    -1.372384    .8978565
            aa22 |  -2.951538   .3602921    -8.19   0.000    -3.658599   -2.244476
            aa23 |  -1.214301   .3796223    -3.20   0.001    -1.959297   -.4693047
            aa24 |  -.5369696   .4883205    -1.10   0.272    -1.495282    .4213432
            aa25 |  -1.810612    .493777    -3.67   0.000    -2.779633    -.841591
            aa26 |  -.9006797    .259104    -3.48   0.001    -1.409163   -.3921967
            aa27 |  -.8318239   .2813051    -2.96   0.003    -1.383876   -.2797721
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1308941   .3733832     0.35   0.726     -.601858    .8636462
            aa31 |  -.9591394   .3229138    -2.97   0.003    -1.592847   -.3254318
            aa32 |  -1.791399   .3972391    -4.51   0.000    -2.570967    -1.01183
            aa33 |          0  (omitted)
            aa34 |  -.6073341   .3213573    -1.89   0.059    -1.237987    .0233189
            aa35 |  -.8004155   .2468243    -3.24   0.001      -1.2848   -.3160309
            aa36 |  -.6219435   .5799439    -1.07   0.284    -1.760064    .5161773
            aa37 |          0  (omitted)
            aa38 |  -.9781437   .4427146    -2.21   0.027    -1.846956    -.109331
            aa39 |  -.4802212   .2992468    -1.60   0.109    -1.067483    .1070409
            aa40 |  -.9924948   .5365602    -1.85   0.065    -2.045476    .0604869
            aa41 |  -.7542778   .4244195    -1.78   0.076    -1.587187    .0786314
            aa42 |          0  (omitted)
            aa43 |  -1.282482   .3361352    -3.82   0.000    -1.942137   -.6228281
            aa44 |  -.5954315   .3757561    -1.58   0.113     -1.33284    .1419774
            aa45 |  -.2084002   .4394261    -0.47   0.635    -1.070759     .653959
            aa46 |  -.6185481   .4447757    -1.39   0.165    -1.491406    .2543095
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0525988   .0254317     2.07   0.039     .0026899    .1025077
 reliabilitymiss |    5.86432   2.785623     2.11   0.036     .3976266    11.33101
             dd1 |  -.1002722   .2254176    -0.44   0.657    -.5426467    .3421022
             dd2 |  -.0302695   .1576312    -0.19   0.848    -.3396156    .2790766
             dd3 |   .1955084   .1416049     1.38   0.168    -.0823865    .4734033
             dd4 |   .0667749   .1397589     0.48   0.633    -.2074973    .3410472
             dd5 |  -.0638543   .1374088    -0.46   0.642    -.3335145    .2058059
             dd6 |  -.0460876   .1435559    -0.32   0.748    -.3278112    .2356361
             dd7 |   .1111935   .1820092     0.61   0.541    -.2459936    .4683805
             dd8 |          0  (omitted)
    i_comptenure |  -.0059639   .0031706    -1.88   0.060    -.0121861    .0002583
i_comptenuremiss |  -.7594984   .4356569    -1.74   0.082    -1.614461    .0954638
     i_seniority |   .0274279   .0440155     0.62   0.533     -.058951    .1138068
 i_senioritymiss |   2.748597   4.497972     0.61   0.541    -6.078523    11.57572
        duration |  -.0019435   .0030408    -0.64   0.523    -.0079111     .004024
    durationmiss |   .1314258   .5322184     0.25   0.805    -.9130352    1.175887
          zcount |   .0395895   .1884664     0.21   0.834    -.3302697    .4094486
         zcount4 |   .5904974   .3694482     1.60   0.110    -.1345325    1.315527
         zcount5 |   .3428867   .2203423     1.56   0.120    -.0895277    .7753012
         zcount6 |   .3309744   .3685277     0.90   0.369     -.392249    1.054198
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1226931   .3128011    -0.39   0.695    -.7365548    .4911687
           cc_ge |  -.4670071   .2240933    -2.08   0.037    -.9067828   -.0272313
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .3979129   .3963015     1.00   0.316    -.3798158    1.175642
           cc_jp |          0  (omitted)
           cc_po |  -.8443969   .5335854    -1.58   0.114    -1.891541    .2027467
           cc_pt |  -.2172468   .4694994    -0.46   0.644    -1.138624    .7041303
           cc_sw |   .1830861   .3073935     0.60   0.552    -.4201634    .7863356
           cc_uk |   .1484849   .1466877     1.01   0.312    -.1393848    .4363545
           _cons |  -.1011352   .9486407    -0.11   0.915    -1.962811    1.760541
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est4 stored)

. * 4 Different codification of tech variables
. *eststo:areg zorg w_erp_int   w_net_int  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa1=
> =1, cluster(company_id) abs(sic)
. * 6 Controlling for management
. eststo:areg zorg w_erp_oth   w_net zmanagement lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 
> & sa1==1  , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  85,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3613
                                                  Adj R-squared   =     0.2064
                                                  Root MSE        =     0.8705

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1933923    .086872     2.23   0.026     .0229088    .3638758
           w_net |  -.1889904   .0902508    -2.09   0.037    -.3661045   -.0118763
     zmanagement |   .1195244   .0665234     1.80   0.073    -.0110256    .2500744
          lpcemp |  -.0453119    .045258    -1.00   0.317    -.1341293    .0435054
         lpcempm |  -4.214055   4.436388    -0.95   0.342    -12.92032     4.49221
              yy |          0  (omitted)
       ldegree_t |   .0952813   .0331875     2.87   0.004     .0301518    .1604107
   ldegree_tmiss |   .1441208   .1178071     1.22   0.221    -.0870716    .3753133
                 |
            nobs |
              2  |  -.1132185   .3039084    -0.37   0.710    -.7096286    .4831917
              3  |  -.0117941   .2887092    -0.04   0.967    -.5783764    .5547882
              4  |   .0170249   .3144762     0.05   0.957    -.6001243    .6341741
              5  |   .1870634   .3023228     0.62   0.536     -.406235    .7803618
              6  |   .1735546   .2914669     0.60   0.552    -.3984395    .7455487
              7  |   .4922899   .3858119     1.28   0.202    -.2648532    1.249433
                 |
            ln_N |   .0498081   .0431432     1.15   0.249    -.0348591    .1344753
       ln_N_miss |   4.592962   4.524461     1.02   0.310    -4.286144    13.47207
           share |   .1189633   .0474293     2.51   0.012     .0258849    .2120417
       sharemiss |   11.88673     4.6613     2.55   0.011     2.739087    21.03438
           MNE_f |   .1647397   .0846279     1.95   0.052    -.0013398    .3308193
           MNE_d |   .1486172   .0871032     1.71   0.088    -.0223199    .3195544
          onsite |  -.0785968    .069188    -1.14   0.256    -.2143759    .0571823
         onsitem |  -7.753946    6.90124    -1.12   0.261     -21.2974    5.789509
             aa1 |  -1.078955   .5521321    -1.95   0.051    -2.162496    .0045865
             aa2 |  -1.157185   .3148842    -3.67   0.000    -1.775134   -.5392348
             aa3 |  -1.425903   .3678947    -3.88   0.000    -2.147885   -.7039222
             aa4 |  -2.012809   .4662519    -4.32   0.000    -2.927813   -1.097805
             aa5 |  -1.118922    .331373    -3.38   0.001     -1.76923   -.4686131
             aa6 |  -.7611243   .3489264    -2.18   0.029    -1.445881   -.0763678
             aa7 |  -1.371026   .4914561    -2.79   0.005    -2.335492   -.4065592
             aa8 |   -1.32589   .2559489    -5.18   0.000    -1.828181   -.8235987
             aa9 |  -.4198373   .3979119    -1.06   0.292    -1.200726    .3610516
            aa10 |  -1.054941   .2800835    -3.77   0.000    -1.604596   -.5052869
            aa11 |          0  (omitted)
            aa12 |  -1.644558   .4038166    -4.07   0.000    -2.437035   -.8520812
            aa13 |  -.9022095    .316921    -2.85   0.005    -1.524156   -.2802624
            aa14 |  -.4685181   .2879009    -1.63   0.104    -1.033514    .0964779
            aa15 |  -1.636739   .3705609    -4.42   0.000    -2.363953   -.9095256
            aa16 |  -1.299903     .28909    -4.50   0.000    -1.867233   -.7325738
            aa17 |  -1.129259   .5923582    -1.91   0.057    -2.291742    .0332246
            aa18 |          0  (omitted)
            aa19 |  -.7175309   .2682356    -2.68   0.008    -1.243934   -.1911274
            aa20 |  -1.194816   .3458578    -3.45   0.001     -1.87355   -.5160811
            aa21 |  -.2668082   .5782244    -0.46   0.645    -1.401554     .867938
            aa22 |  -2.768107   .3838119    -7.21   0.000    -3.521325   -2.014889
            aa23 |  -1.180195   .3740437    -3.16   0.002    -1.914243   -.4461466
            aa24 |  -.6383527   .4828926    -1.32   0.187    -1.586013     .309308
            aa25 |    -1.8846   .4579019    -4.12   0.000    -2.783217   -.9859829
            aa26 |  -.8514245   .2525698    -3.37   0.001    -1.347084   -.3557648
            aa27 |  -.8905106   .2855446    -3.12   0.002    -1.450882   -.3301387
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1680495   .3687021     0.46   0.649    -.5555162    .8916152
            aa31 |  -1.008459   .3215723    -3.14   0.002    -1.639534   -.3773839
            aa32 |  -1.890077   .3780754    -5.00   0.000    -2.632038   -1.148117
            aa33 |          0  (omitted)
            aa34 |  -.5415782   .3157886    -1.72   0.087    -1.161303    .0781465
            aa35 |  -.7969633   .2429012    -3.28   0.001    -1.273649   -.3202777
            aa36 |  -.7603783    .581235    -1.31   0.191    -1.901033    .3802761
            aa37 |          0  (omitted)
            aa38 |  -1.030813    .453478    -2.27   0.023    -1.920749   -.1408776
            aa39 |  -.4843257   .2981187    -1.62   0.105    -1.069374    .1007224
            aa40 |  -1.026655   .5339645    -1.92   0.055    -2.074543    .0212322
            aa41 |  -.8147886   .4279202    -1.90   0.057    -1.654568    .0249905
            aa42 |          0  (omitted)
            aa43 |  -1.267794   .3336952    -3.80   0.000    -1.922659   -.6129279
            aa44 |  -.7200963   .3672762    -1.96   0.050    -1.440864    .0006711
            aa45 |  -.1900189   .4383217    -0.43   0.665    -1.050211     .670173
            aa46 |  -.6092344   .4296168    -1.42   0.156    -1.452343    .2338744
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0422203   .0264903     1.59   0.111    -.0097661    .0942068
 reliabilitymiss |   4.728903    2.89119     1.64   0.102    -.9449623    10.40277
             dd1 |  -.0742921   .2274702    -0.33   0.744    -.5206949    .3721108
             dd2 |  -.0324093   .1565294    -0.21   0.836     -.339593    .2747744
             dd3 |   .2136324   .1396553     1.53   0.126    -.0604364    .4877013
             dd4 |   .0695844   .1385477     0.50   0.616    -.2023109    .3414798
             dd5 |  -.0510427   .1362204    -0.37   0.708    -.3183706    .2162853
             dd6 |  -.0287602   .1424283    -0.20   0.840     -.308271    .2507506
             dd7 |   .1049073   .1804705     0.58   0.561    -.2492602    .4590747
             dd8 |          0  (omitted)
    i_comptenure |  -.0056618   .0031735    -1.78   0.075    -.0118896     .000566
i_comptenuremiss |  -.6602322   .4319472    -1.53   0.127    -1.507914    .1874499
     i_seniority |   .0340004    .044002     0.77   0.440    -.0523521    .1203529
 i_senioritymiss |   3.414425   4.494964     0.76   0.448    -5.406793    12.23564
        duration |  -.0029084   .0030609    -0.95   0.342    -.0089153    .0030986
    durationmiss |   .0598095   .5337354     0.11   0.911    -.9876285    1.107248
          zcount |  -.0048984   .1900018    -0.03   0.979    -.3777707    .3679738
         zcount4 |   .6222339   .3748916     1.66   0.097    -.1134784    1.357946
         zcount5 |   .2855414   .2216696     1.29   0.198    -.1494778    .7205606
         zcount6 |   .2306785   .3562012     0.65   0.517    -.4683545    .9297115
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1435181   .3062213    -0.47   0.639    -.7444672     .457431
           cc_ge |  -.5023019   .2234416    -2.25   0.025    -.9407987   -.0638051
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4270347   .3699113     1.15   0.249     -.298904    1.152973
           cc_jp |          0  (omitted)
           cc_po |  -.7219195   .5464343    -1.32   0.187    -1.794279    .3504397
           cc_pt |  -.2998317   .4108542    -0.73   0.466     -1.10612    .5064561
           cc_sw |   .2561783   .3035331     0.84   0.399    -.3394953    .8518519
           cc_uk |   .1525898   .1454802     1.05   0.295    -.1329102    .4380898
           _cons |    .337451   .9645057     0.35   0.727    -1.555359    2.230261
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est5 stored)

. * 2 Factor for zorg
. eststo:areg zorg2 w_erp_oth   w_net  dm* lpcemp lpcempm yy* ldegree_t* $collapse  $firm $noise_a zcount* cc* if levels_ceopm>0 & sa1
> ==1, cluster(company_id) abs(sic)
note: dme omitted because of collinearity
note: dmf omitted because of collinearity
note: dmpa omitted because of collinearity
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount4 omitted because of collinearity
note: zcount5 omitted because of collinearity
note: zcount6 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  85,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2938
                                                  Adj R-squared   =     0.1225
                                                  Root MSE        =     0.9212

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
           zorg2 |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |    .206153   .0945823     2.18   0.030     .0205383    .3917677
           w_net |  -.1879341   .0956242    -1.97   0.050    -.3755935   -.0002747
             dmb |  -.0833744   .3349975    -0.25   0.804    -.7407958    .5740471
             dmc |  -.2972546   .3594458    -0.83   0.408    -1.002655    .4081458
             dmd |   .1353691   .5012777     0.27   0.787    -.8483719     1.11911
             dme |          0  (omitted)
             dmf |          0  (omitted)
             dmp |  -.0352706   .0842636    -0.42   0.676    -.2006351    .1300939
            dmpa |          0  (omitted)
          lpcemp |  -.0472598   .0502539    -0.94   0.347    -.1458813    .0513617
         lpcempm |  -4.365596   4.920583    -0.89   0.375    -14.02208    5.290885
              yy |          0  (omitted)
       ldegree_t |   .1115806   .0351168     3.18   0.002     .0426651    .1804961
   ldegree_tmiss |   .1864762   .1301159     1.43   0.152     -.068872    .4418244
                 |
            nobs |
              2  |  -.0318076   .3231988    -0.10   0.922    -.6660746    .6024594
              3  |   .1081302   .3138024     0.34   0.730    -.5076967    .7239571
              4  |    .134941   .3386247     0.40   0.690    -.5295987    .7994807
              5  |   .3026059   .3196887     0.95   0.344    -.3247727    .9299845
              6  |    .297999   .3102992     0.96   0.337    -.3109529    .9069509
              7  |   .6472254   .4263432     1.52   0.129    -.1894589     1.48391
                 |
            ln_N |   .0328712   .0469284     0.70   0.484    -.0592242    .1249667
       ln_N_miss |   3.062948   4.906366     0.62   0.533    -6.565633    12.69153
           share |   .1156468   .0525822     2.20   0.028     .0124558    .2188377
       sharemiss |   11.52285   5.165614     2.23   0.026     1.385506     21.6602
           MNE_f |   .1368463   .0889084     1.54   0.124    -.0376335    .3113261
           MNE_d |   .1332086   .0941388     1.42   0.157    -.0515357    .3179528
          onsite |  -.0631116   .0759032    -0.83   0.406    -.2120692    .0858459
         onsitem |  -6.004365   7.570544    -0.79   0.428    -20.86131    8.852577
             aa1 |  -1.130171   .5805864    -1.95   0.052    -2.269553    .0092106
             aa2 |  -1.681794   .3309199    -5.08   0.000    -2.331213   -1.032374
             aa3 |  -1.183866   .4204403    -2.82   0.005    -2.008966   -.3587661
             aa4 |   -1.76541   .4798694    -3.68   0.000    -2.707137   -.8236821
             aa5 |  -1.173785   .3663714    -3.20   0.001    -1.892777   -.4547932
             aa6 |  -.6465848   .3690623    -1.75   0.080    -1.370857    .0776877
             aa7 |  -.9218077   .4515635    -2.04   0.041    -1.807986   -.0356293
             aa8 |  -1.275545   .2683321    -4.75   0.000    -1.802138   -.7489525
             aa9 |  -.5756705   .3949241    -1.46   0.145    -1.350696    .1993549
            aa10 |   -.857129   .3094253    -2.77   0.006    -1.464366   -.2498922
            aa11 |          0  (omitted)
            aa12 |  -1.234714   .4348505    -2.84   0.005    -2.088094   -.3813341
            aa13 |  -.8619699   .4509035    -1.91   0.056    -1.746853    .0229134
            aa14 |  -.3982481   .2976052    -1.34   0.181    -.9822885    .1857923
            aa15 |   -1.17414   .3920191    -3.00   0.003    -1.943465   -.4048159
            aa16 |  -1.127227   .3001622    -3.76   0.000    -1.716285   -.5381686
            aa17 |   -1.27668   .6176821    -2.07   0.039    -2.488861   -.0644992
            aa18 |          0  (omitted)
            aa19 |  -.3389724   .2692067    -1.26   0.208    -.8672816    .1893368
            aa20 |  -1.149355   .3965518    -2.90   0.004    -1.927575   -.3711351
            aa21 |    .100226   .4961099     0.20   0.840    -.8733732    1.073825
            aa22 |  -2.118762   .3938934    -5.38   0.000    -2.891765    -1.34576
            aa23 |  -1.230825   .4000663    -3.08   0.002    -2.015941   -.4457076
            aa24 |  -.4700268   .4296138    -1.09   0.274     -1.31313     .373076
            aa25 |  -1.719531   .4868341    -3.53   0.000    -2.674927   -.7641356
            aa26 |  -.7542547   .2548524    -2.96   0.003    -1.254394   -.2541153
            aa27 |  -.7819924    .331508    -2.36   0.019    -1.432566    -.131419
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |  -.2619414    .375747    -0.70   0.486    -.9993324    .4754496
            aa31 |  -1.036922   .3515556    -2.95   0.003    -1.726839    -.347006
            aa32 |  -2.362911   .5198534    -4.55   0.000    -3.383106   -1.342715
            aa33 |          0  (omitted)
            aa34 |   -.539408   .3455724    -1.56   0.119    -1.217582    .1387664
            aa35 |   -.873736   .2535345    -3.45   0.001    -1.371289    -.376183
            aa36 |  -.9657373   .6074917    -1.59   0.112     -2.15792    .2264451
            aa37 |          0  (omitted)
            aa38 |  -.9619204   .4364676    -2.20   0.028    -1.818474   -.1053672
            aa39 |  -.4649509   .3109237    -1.50   0.135    -1.075128    .1452266
            aa40 |  -1.164001   .6059324    -1.92   0.055    -2.353123    .0251215
            aa41 |  -.6637102   .4684379    -1.42   0.157    -1.583004    .2555836
            aa42 |          0  (omitted)
            aa43 |  -1.371606   .3534731    -3.88   0.000    -2.065285   -.6779263
            aa44 |  -.7091515   .4324879    -1.64   0.101    -1.557895    .1395916
            aa45 |   -.248448   .5039278    -0.49   0.622     -1.23739    .7404937
            aa46 |  -.4196245   .5294598    -0.79   0.428    -1.458672    .6194228
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0273009   .0266647     1.02   0.306    -.0250277    .0796295
 reliabilitymiss |   2.674882   2.917242     0.92   0.359    -3.050109    8.399873
             dd1 |   .0398645   .2534968     0.16   0.875    -.4576145    .5373434
             dd2 |   .0232398   .1653491     0.14   0.888    -.3012523     .347732
             dd3 |   .2095699   .1420825     1.47   0.141    -.0692623    .4884021
             dd4 |   .0114646   .1431397     0.08   0.936    -.2694423    .2923715
             dd5 |  -.0173236   .1415413    -0.12   0.903    -.2950937    .2604465
             dd6 |  -.0166189   .1494055    -0.11   0.911    -.3098224    .2765845
             dd7 |   .1339367    .195085     0.69   0.493    -.2489112    .5167846
             dd8 |          0  (omitted)
    i_comptenure |  -.0056823   .0033056    -1.72   0.086    -.0121694    .0008048
i_comptenuremiss |   -1.04502   .4519143    -2.31   0.021    -1.931887   -.1581536
     i_seniority |   .0337311   .0459594     0.73   0.463    -.0564627    .1239249
 i_senioritymiss |    3.45506   4.700631     0.74   0.463    -5.769772    12.67989
        duration |   -.000148   .0030587    -0.05   0.961    -.0061506    .0058546
    durationmiss |   .7716975   .5577101     1.38   0.167    -.3227902    1.866185
          zcount |  -.2825297   .3297055    -0.86   0.392    -.9295658    .3645064
         zcount4 |          0  (omitted)
         zcount5 |          0  (omitted)
         zcount6 |          0  (omitted)
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1361663   .3303131    -0.41   0.680    -.7843949    .5120623
           cc_ge |  -.4423438   .2344778    -1.89   0.060    -.9024987    .0178112
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .1538806   .3993272     0.39   0.700    -.6297859    .9375471
           cc_jp |          0  (omitted)
           cc_po |  -.2077615    .581761    -0.36   0.721    -1.349448    .9339252
           cc_pt |  -.3210193    .362927    -0.88   0.377    -1.033252    .3912129
           cc_sw |   .2350361    .328077     0.72   0.474    -.4088042    .8788763
           cc_uk |   .1983777   .1570709     1.26   0.207    -.1098687    .5066241
           _cons |   1.029074   1.437808     0.72   0.474    -1.792577    3.850724
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est6 stored)

. * Drop size controls
. eststo:areg zorg2 w_erp_oth   w_net  dm* lpcemp lpcempm yy* ldegree_t* $collapse  $firmn_o $noise_a zcount* cc* if levels_ceopm>0 & 
> sa1==1, cluster(company_id) abs(sic)
note: dme omitted because of collinearity
note: dmf omitted because of collinearity
note: dmpa omitted because of collinearity
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount4 omitted because of collinearity
note: zcount5 omitted because of collinearity
note: zcount6 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  81,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2870
                                                  Adj R-squared   =     0.1185
                                                  Root MSE        =     0.9233

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
           zorg2 |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .2207154   .0939134     2.35   0.019     .0364134    .4050173
           w_net |  -.2017112   .0960752    -2.10   0.036    -.3902557   -.0131667
             dmb |   .0242463   .3741772     0.06   0.948    -.7100641    .7585567
             dmc |  -.1830843   .3983624    -0.46   0.646    -.9648574    .5986888
             dmd |   .2801075   .5234967     0.54   0.593    -.7472375    1.307453
             dme |          0  (omitted)
             dmf |          0  (omitted)
             dmp |   -.024958   .0837863    -0.30   0.766    -.1893858    .1394698
            dmpa |          0  (omitted)
          lpcemp |  -.0696885    .049944    -1.40   0.163     -.167702    .0283249
         lpcempm |  -6.574985   4.889624    -1.34   0.179    -16.17071    3.020741
              yy |          0  (omitted)
       ldegree_t |   .1099383   .0350804     3.13   0.002     .0410941    .1787824
   ldegree_tmiss |   .1760998   .1288834     1.37   0.172    -.0768297    .4290293
                 |
            nobs |
              2  |   .0421076   .3224249     0.13   0.896    -.5906407    .6748558
              3  |   .1696682   .3092854     0.55   0.583    -.4372941    .7766305
              4  |   .2064331   .3357606     0.61   0.539    -.4524859    .8653522
              5  |   .3608434    .318288     1.13   0.257    -.2637862    .9854731
              6  |   .3685527   .3079706     1.20   0.232    -.2358295    .9729349
              7  |   .7034746   .4206649     1.67   0.095    -.1220663    1.529016
                 |
           MNE_f |   .1571131   .0886804     1.77   0.077    -.0169193    .3311456
           MNE_d |   .1239327   .0915229     1.35   0.176     -.055678    .3035434
          onsite |  -.0467409    .075157    -0.62   0.534     -.194234    .1007522
         onsitem |  -4.307414   7.495864    -0.57   0.566     -19.0178    10.40297
             aa1 |  -1.109145   .5695009    -1.95   0.052    -2.226772    .0084816
             aa2 |  -1.533172   .3319145    -4.62   0.000    -2.184543   -.8818004
             aa3 |  -1.062228   .4369913    -2.43   0.015    -1.919809   -.2046469
             aa4 |   -1.63692   .4870788    -3.36   0.001    -2.592796   -.6810443
             aa5 |  -1.112843   .3827771    -2.91   0.004     -1.86403   -.3616554
             aa6 |  -.5340506   .3711414    -1.44   0.150    -1.262403    .1943022
             aa7 |  -.9213726   .4478418    -2.06   0.040    -1.800247    -.042498
             aa8 |   -1.23133   .2734837    -4.50   0.000    -1.768033   -.6946269
             aa9 |   -.440717   .3982955    -1.11   0.269    -1.222359    .3409248
            aa10 |  -.7789008   .3095407    -2.52   0.012    -1.386364   -.1714373
            aa11 |          0  (omitted)
            aa12 |  -1.115815    .442513    -2.52   0.012    -1.984232   -.2473978
            aa13 |  -.7843749   .4486632    -1.75   0.081    -1.664862    .0961118
            aa14 |  -.2961367   .3005936    -0.99   0.325    -.8860418    .2937683
            aa15 |  -1.076986   .3968152    -2.71   0.007    -1.855723   -.2982494
            aa16 |  -1.065176   .3025893    -3.52   0.000    -1.658998   -.4713548
            aa17 |  -1.277759   .6051682    -2.11   0.035    -2.465382   -.0901367
            aa18 |          0  (omitted)
            aa19 |  -.2577304   .2679897    -0.96   0.336    -.7836514    .2681906
            aa20 |  -1.068732   .3907719    -2.73   0.006    -1.835609   -.3018553
            aa21 |   .2133181   .4690258     0.45   0.649    -.7071295    1.133766
            aa22 |   -2.06937   .3938457    -5.25   0.000    -2.842279   -1.296461
            aa23 |  -1.144264   .4050488    -2.83   0.005    -1.939159   -.3493692
            aa24 |  -.4386631   .4201122    -1.04   0.297    -1.263119    .3857932
            aa25 |  -1.574261   .4972073    -3.17   0.002    -2.550014   -.5985081
            aa26 |  -.7028572    .255701    -2.75   0.006    -1.204662   -.2010525
            aa27 |   -.774162   .3317186    -2.33   0.020    -1.425149   -.1231752
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |  -.0819266   .3683134    -0.22   0.824    -.8047295    .6408763
            aa31 |  -.9781628   .3519883    -2.78   0.006    -1.668928   -.2873974
            aa32 |  -2.348767    .490866    -4.78   0.000    -3.312075   -1.385459
            aa33 |          0  (omitted)
            aa34 |  -.5070192   .3375967    -1.50   0.133    -1.169541    .1555031
            aa35 |  -.8020503   .2528269    -3.17   0.002    -1.298215   -.3058859
            aa36 |  -.9532065   .5926301    -1.61   0.108    -2.116223    .2098104
            aa37 |          0  (omitted)
            aa38 |  -.9014243   .4413271    -2.04   0.041    -1.767514   -.0353345
            aa39 |  -.3652657   .3161037    -1.16   0.248    -.9856088    .2550773
            aa40 |  -1.089459   .6089849    -1.79   0.074    -2.284572    .1056533
            aa41 |  -.6278342   .4709854    -1.33   0.183    -1.552127    .2964591
            aa42 |          0  (omitted)
            aa43 |   -1.31703   .3548174    -3.71   0.000    -2.013348   -.6207129
            aa44 |  -.6449424   .4435223    -1.45   0.146     -1.51534    .2254554
            aa45 |  -.1360364   .5022739    -0.27   0.787    -1.121732    .8496595
            aa46 |  -.2654586    .537153    -0.49   0.621    -1.319604    .7886864
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0286061   .0262612     1.09   0.276    -.0229306    .0801429
 reliabilitymiss |   2.711799   2.873221     0.94   0.346    -2.926802      8.3504
             dd1 |     .01614   .2515941     0.06   0.949     -.477605    .5098851
             dd2 |   .0385349   .1647353     0.23   0.815    -.2847527    .3618225
             dd3 |   .2121397   .1423974     1.49   0.137    -.0673106    .4915899
             dd4 |   .0300589   .1437146     0.21   0.834    -.2519762     .312094
             dd5 |  -.0067528   .1425164    -0.05   0.962    -.2864365    .2729309
             dd6 |  -.0017287   .1510638    -0.01   0.991    -.2981863    .2947289
             dd7 |   .1634308    .196354     0.83   0.405    -.2219075     .548769
             dd8 |          0  (omitted)
    i_comptenure |  -.0057444   .0033049    -1.74   0.083    -.0122301    .0007413
i_comptenuremiss |   -1.07698   .4503523    -2.39   0.017    -1.960782   -.1931787
     i_seniority |    .032256    .046262     0.70   0.486    -.0585316    .1230436
 i_senioritymiss |   3.370431   4.732173     0.71   0.476    -5.916301    12.65716
        duration |  -.0001896   .0030499    -0.06   0.950     -.006175    .0057958
    durationmiss |   .7589339   .5702992     1.33   0.184    -.3602595    1.878127
          zcount |  -.1724308   .3712988    -0.46   0.642    -.9010925    .5562309
         zcount4 |          0  (omitted)
         zcount5 |          0  (omitted)
         zcount6 |          0  (omitted)
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1269053   .3314314    -0.38   0.702    -.7773284    .5235179
           cc_ge |  -.4496075   .2358267    -1.91   0.057    -.9124097    .0131946
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .1038493   .4085795     0.25   0.799    -.6979745    .9056731
           cc_jp |          0  (omitted)
           cc_po |  -.1494043   .5695899    -0.26   0.793    -1.267206     .968397
           cc_pt |  -.2331606   .3524168    -0.66   0.508    -.9247669    .4584458
           cc_sw |   .2214294   .3341291     0.66   0.508    -.4342879    .8771467
           cc_uk |   .1836134   .1567363     1.17   0.242    -.1239763    .4912031
           _cons |   .5028184   1.588305     0.32   0.752    -2.614178    3.619815
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est7 stored)

. * Condition on industries with at least 3 firms
. gen v=1

. bys sa1 sic: egen count_sic=sum(v)

. eststo:areg zorg    w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa1==1
>  & count_sic>3, cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        920
                                                  F(  84,    871) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3403
                                                  Adj R-squared   =     0.2086
                                                  Root MSE        =     0.8689

                               (Std. Err. adjusted for 872 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1938298   .0876789     2.21   0.027     .0217431    .3659165
           w_net |  -.2125792   .0920347    -2.31   0.021    -.3932149   -.0319436
          lpcemp |  -.0539061    .046588    -1.16   0.248    -.1453441    .0375318
         lpcempm |  -5.104726   4.569236    -1.12   0.264    -14.07273    3.863274
              yy |          0  (omitted)
       ldegree_t |   .1068064    .032822     3.25   0.001     .0423869    .1712259
   ldegree_tmiss |   .1581793   .1199877     1.32   0.188    -.0773195    .3936781
                 |
            nobs |
              2  |   -.134524   .2966697    -0.45   0.650     -.716795    .4477469
              3  |  -.0410427   .2846255    -0.14   0.885    -.5996747    .5175892
              4  |   .0304537   .3063833     0.10   0.921    -.5708821    .6317895
              5  |   .1578729   .2964042     0.53   0.594    -.4238771    .7396229
              6  |   .1536604   .2850553     0.54   0.590    -.4058151    .7131359
              7  |   .4451162     .38165     1.17   0.244     -.303945    1.194177
                 |
            ln_N |   .0733765   .0429054     1.71   0.088    -.0108335    .1575865
       ln_N_miss |   7.071824   4.499997     1.57   0.116    -1.760281    15.90393
           share |   .1071027   .0487346     2.20   0.028     .0114516    .2027537
       sharemiss |   10.75531    4.78714     2.25   0.025     1.359634    20.15099
           MNE_f |   .1907847   .0841197     2.27   0.024     .0256837    .3558857
           MNE_d |   .1443075   .0889219     1.62   0.105    -.0302187    .3188338
          onsite |  -.0685321   .0708153    -0.97   0.333    -.2075207    .0704565
         onsitem |  -6.605566   7.071334    -0.93   0.350    -20.48441    7.273281
             aa1 |  -1.032298   .5830331    -1.77   0.077    -2.176612    .1120161
             aa2 |  -1.167393   .3125807    -3.73   0.000    -1.780892   -.5538938
             aa3 |  -1.404829   .3641406    -3.86   0.000    -2.119524   -.6901329
             aa4 |  -1.817977   .5032912    -3.61   0.000    -2.805783   -.8301719
             aa5 |  -1.116218   .3365397    -3.32   0.001    -1.776742   -.4556949
             aa6 |  -.7050738   .3456898    -2.04   0.042    -1.383556   -.0265914
             aa7 |  -1.244221   .4755384    -2.62   0.009    -2.177557   -.3108864
             aa8 |  -1.257493   .2606022    -4.83   0.000    -1.768975   -.7460114
             aa9 |  -.3887928   .3877252    -1.00   0.316    -1.149778    .3721921
            aa10 |  -1.014699    .275258    -3.69   0.000    -1.554945   -.4744524
            aa11 |          0  (omitted)
            aa12 |  -1.401028   .4468452    -3.14   0.002    -2.278047   -.5240086
            aa13 |  -.7889654   .3249895    -2.43   0.015    -1.426819   -.1511114
            aa14 |  -.4148349   .2833121    -1.46   0.143    -.9708891    .1412194
            aa15 |   -1.63584   .3744409    -4.37   0.000    -2.370751   -.9009276
            aa16 |   -1.21336   .2836349    -4.28   0.000    -1.770048   -.6566726
            aa17 |  -1.079337   .6199579    -1.74   0.082    -2.296123    .1374491
            aa18 |          0  (omitted)
            aa19 |  -.6189943   .2611074    -2.37   0.018    -1.131467   -.1065211
            aa20 |  -1.129437   .3523911    -3.21   0.001    -1.821072   -.4378017
            aa21 |  -.1818985   .5602095    -0.32   0.745    -1.281417    .9176199
            aa22 |  -2.707023   .3784873    -7.15   0.000    -3.449876   -1.964169
            aa23 |  -1.107648   .3725651    -2.97   0.003    -1.838878   -.3764178
            aa24 |  -.5768904   .4663459    -1.24   0.216    -1.492183    .3384026
            aa25 |   -2.04231   .5207216    -3.92   0.000    -3.064326   -1.020295
            aa26 |  -.8861111   .2533075    -3.50   0.000    -1.383275   -.3889467
            aa27 |  -.7894317    .284927    -2.77   0.006    -1.348655   -.2302079
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .0676706   .3603409     0.19   0.851    -.6395673    .7749086
            aa31 |  -1.042983   .3224775    -3.23   0.001    -1.675907   -.4100588
            aa32 |  -1.893054   .3853854    -4.91   0.000    -2.649446   -1.136661
            aa33 |          0  (omitted)
            aa34 |  -.5141358   .3118888    -1.65   0.100    -1.126277    .0980057
            aa35 |  -.7499352   .2402047    -3.12   0.002    -1.221383   -.2784876
            aa36 |   -.746405   .6084284    -1.23   0.220    -1.940562    .4477522
            aa37 |          0  (omitted)
            aa38 |  -.9528757   .4348052    -2.19   0.029    -1.806264   -.0994873
            aa39 |  -.4049354   .2926276    -1.38   0.167     -.979273    .1694022
            aa40 |  -.9625455    .539334    -1.78   0.075    -2.021092    .0960007
            aa41 |  -.7114994   .4267249    -1.67   0.096    -1.549029    .1260299
            aa42 |          0  (omitted)
            aa43 |  -1.257789   .3395483    -3.70   0.000    -1.924217   -.5913605
            aa44 |  -.3417464   .3787371    -0.90   0.367     -1.08509    .4015975
            aa45 |  -.1019782   .4626765    -0.22   0.826    -1.010069    .8061129
            aa46 |  -.6275191   .4528363    -1.39   0.166    -1.516297    .2612588
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0538313   .0260363     2.07   0.039     .0027301    .1049325
 reliabilitymiss |   5.580915    2.86323     1.95   0.052    -.0387221    11.20055
             dd1 |  -.0029095   .2277324    -0.01   0.990    -.4498779    .4440589
             dd2 |   .0266444   .1601682     0.17   0.868    -.2877163     .341005
             dd3 |   .2433744   .1444883     1.68   0.092    -.0402116    .5269604
             dd4 |   .1256974   .1429288     0.88   0.379    -.1548277    .4062225
             dd5 |   .0156067   .1391863     0.11   0.911    -.2575731    .2887865
             dd6 |   .0394614   .1453643     0.27   0.786    -.2458439    .3247667
             dd7 |   .1589811   .1845844     0.86   0.389     -.203301    .5212633
             dd8 |          0  (omitted)
    i_comptenure |  -.0053826   .0032635    -1.65   0.099    -.0117879    .0010227
i_comptenuremiss |   -.571188   .4458892    -1.28   0.201    -1.446331     .303955
     i_seniority |   .0325002   .0445288     0.73   0.466    -.0548962    .1198965
 i_senioritymiss |   3.455738   4.543688     0.76   0.447     -5.46212     12.3736
        duration |  -.0021828   .0030737    -0.71   0.478    -.0082156      .00385
    durationmiss |   .1899631   .5474582     0.35   0.729    -.8845285    1.264455
          zcount |  -.0537961    .186632    -0.29   0.773     -.420097    .3125048
         zcount4 |   .5501383   .3772301     1.46   0.145    -.1902479    1.290525
         zcount5 |   .2388171   .2224044     1.07   0.283     -.197694    .6753282
         zcount6 |   .2709518   .3505543     0.77   0.440    -.4170782    .9589817
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   -.068345   .3116668    -0.22   0.826    -.6800507    .5433606
           cc_ge |  -.5281748   .2232389    -2.37   0.018    -.9663239   -.0900257
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .2032747   .4169051     0.49   0.626    -.6149813    1.021531
           cc_jp |          0  (omitted)
           cc_po |  -.7444521   .5747898    -1.30   0.196    -1.872587    .3836828
           cc_pt |    -.42489   .3792918    -1.12   0.263    -1.169323    .3195427
           cc_sw |    .277725   .3065072     0.91   0.365    -.3238539     .879304
           cc_uk |    .139045   .1446736     0.96   0.337    -.1449045    .4229946
           _cons |   .1643793   .9442996     0.17   0.862    -1.688989    2.017748
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (69 categories)
(est8 stored)

. esttab using Table7_A.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) kee
> p(w_erp* w_net*) nogap
(note: file Table7_A.csv not found)
(output written to Table7_A.csv)

. 
. 
. ***
. * Pace
. **
. cap estimates drop *

. * 1 Baseline
. eststo:xi:probit pace w_workstation  w_net       lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic , cluster(company_
> id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -195.64498  
Iteration 2:   log pseudolikelihood = -188.90308  
Iteration 3:   log pseudolikelihood = -188.56307  
Iteration 4:   log pseudolikelihood = -188.51687  
Iteration 5:   log pseudolikelihood = -188.51151  
Iteration 6:   log pseudolikelihood = -188.51051  
Iteration 7:   log pseudolikelihood = -188.51032  
Iteration 8:   log pseudolikelihood = -188.51027  
Iteration 9:   log pseudolikelihood = -188.51027  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(109)  =    3374.93
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -188.51027                 Pseudo R2       =     0.3113

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .9151415   .4109449     2.23   0.026     .1097042    1.720579
           w_net |  -.3673005   .2250462    -1.63   0.103    -.8083828    .0737819
          lpcemp |   .1814573    .125949     1.44   0.150    -.0653982    .4283128
         lpcempm |   18.67193   12.32244     1.52   0.130    -5.479609    42.82347
              yy |          0  (omitted)
       ldegree_t |   .2886637   .0953992     3.03   0.002     .1016848    .4756426
   ldegree_tmiss |   .5926754   .3275677     1.81   0.070    -.0493454    1.234696
        _Inobs_2 |  -4.875127    .913187    -5.34   0.000    -6.664941   -3.085313
        _Inobs_3 |   -.666975   .6724028    -0.99   0.321     -1.98486    .6509103
        _Inobs_4 |  -.9595955   .5766578    -1.66   0.096    -2.089824    .1706331
        _Inobs_5 |    .184324   .4414443     0.42   0.676    -.6808909    1.049539
        _Inobs_6 |  -.0158697   .3875275    -0.04   0.967    -.7754096    .7436702
        _Inobs_7 |   .1467542   .5375277     0.27   0.785    -.9067807    1.200289
            ln_N |   .0427568   .0962988     0.44   0.657    -.1459854    .2314989
       ln_N_miss |   4.513321   10.07933     0.45   0.654     -15.2418    24.26845
           share |  -.0225137   .1271344    -0.18   0.859    -.2716924    .2266651
       sharemiss |  -2.275997   12.53291    -0.18   0.856    -26.84004    22.28805
           MNE_f |   .3366559   .2214836     1.52   0.129     -.097444    .7707558
           MNE_d |   .2114736   .2133211     0.99   0.322    -.2066279    .6295752
          onsite |   -.031485   .1583639    -0.20   0.842    -.3418725    .2789025
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.7142878   .7848115    -0.91   0.363     -2.25249    .8239146
             aa4 |          0  (omitted)
             aa5 |  -1.740485   .5754691    -3.02   0.002    -2.868383   -.6125858
             aa6 |  -1.275187   .6292374    -2.03   0.043     -2.50847   -.0419048
             aa7 |          0  (omitted)
             aa8 |  -1.996168   .6145534    -3.25   0.001     -3.20067   -.7916652
             aa9 |          0  (omitted)
            aa10 |   .4317471    .582731     0.74   0.459    -.7103847    1.573879
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.056312   .6227506    -3.30   0.001    -3.276881   -.8357433
            aa15 |  -1.025407   .9152268    -1.12   0.263    -2.819218    .7684051
            aa16 |  -1.855179   .5965871    -3.11   0.002    -3.024468   -.6858894
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8711123     .63885    -1.36   0.173    -2.123235    .3810108
            aa20 |          0  (omitted)
            aa21 |  -.1024217    .778764    -0.13   0.895    -1.628771    1.423928
            aa22 |          0  (omitted)
            aa23 |  -2.710303   .6568625    -4.13   0.000     -3.99773   -1.422876
            aa24 |          0  (omitted)
            aa25 |  -4.867112   1.044003    -4.66   0.000    -6.913321   -2.820904
            aa26 |  -2.549569   .7581524    -3.36   0.001     -4.03552   -1.063617
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.914923   .6828972    -2.80   0.005    -3.253377   -.5764693
            aa32 |   -.274865   .6115279    -0.45   0.653    -1.473438    .9237077
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |   -1.64842    .519912    -3.17   0.002    -2.667429   -.6294113
            aa36 |    5.68832   .7078396     8.04   0.000     4.300979     7.07566
            aa37 |          0  (omitted)
            aa38 |  -1.136676   .8063297    -1.41   0.159    -2.717053    .4437013
            aa39 |  -2.084989   .6306873    -3.31   0.001    -3.321113   -.8488644
            aa40 |   .6599159   .7792403     0.85   0.397    -.8673671    2.187199
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0777361   .0593489    -1.31   0.190    -.1940579    .0385856
 reliabilitymiss |  -7.315452     6.5947    -1.11   0.267    -20.24083    5.609923
             dd1 |  -.0204066   .4270525    -0.05   0.962    -.8574142    .8166009
             dd2 |  -.3436895   .3079119    -1.12   0.264    -.9471857    .2598066
             dd3 |  -.3753621   .3102793    -1.21   0.226    -.9834983    .2327741
             dd4 |   -.286975   .2947047    -0.97   0.330    -.8645856    .2906355
             dd5 |  -.3689666   .2650285    -1.39   0.164    -.8884129    .1504797
             dd6 |   -.804307   .3190769    -2.52   0.012    -1.429686   -.1789278
             dd7 |   .4759958   .5087882     0.94   0.350    -.5212108    1.473202
             dd8 |          0  (omitted)
    i_comptenure |   .0030778   .0067804     0.45   0.650    -.0102114    .0163671
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0849356   .0925658    -0.92   0.359    -.2663612    .0964901
 i_senioritymiss |  -9.049987   9.442679    -0.96   0.338     -27.5573    9.457324
        duration |   -.003744   .0069419    -0.54   0.590    -.0173498    .0098618
    durationmiss |  -.8464498   1.368772    -0.62   0.536    -3.529194    1.836294
           cc_cn |          0  (omitted)
           cc_fr |   .0762251   .8043887     0.09   0.925    -1.500348    1.652798
           cc_ge |   .7093235   .5697123     1.25   0.213     -.407292    1.825939
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.184275   1.080764     3.87   0.000     2.066015    6.302534
           cc_jp |          0  (omitted)
           cc_po |  -5.907519   .9400203    -6.28   0.000    -7.749925   -4.065113
           cc_pt |          0  (omitted)
           cc_sw |   1.838479   .5793012     3.17   0.002     .7030697    2.973888
           cc_uk |   .3231467   .3700421     0.87   0.383    -.4021224    1.048416
       _Isic_202 |  -.2978222    .639796    -0.47   0.642    -1.551799    .9561549
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0648154   .6707643     0.10   0.923    -1.249858    1.379489
       _Isic_206 |  -.1448974    .866239    -0.17   0.867    -1.842695      1.5529
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .8572657   .9890267     0.87   0.386    -1.081191    2.795722
       _Isic_224 |   .2423788   .8201603     0.30   0.768    -1.365106    1.849863
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1913933   .6664145     0.29   0.774    -1.114755    1.497542
       _Isic_229 |   -.804319   .7273984    -1.11   0.269    -2.229994    .6213555
       _Isic_232 |  -.3765708   .7685558    -0.49   0.624    -1.882912    1.129771
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .4593865   .7207458     0.64   0.524    -.9532492    1.872022
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.359322   .9669695     1.41   0.160    -.5359039    3.254547
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .2021913   .5370873     0.38   0.707    -.8504805    1.254863
       _Isic_265 |  -.6303332   .6236459    -1.01   0.312    -1.852657    .5919904
       _Isic_267 |  -.8640719   .6441761    -1.34   0.180    -2.126634      .39849
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.2250395   .8093896    -0.28   0.781    -1.811414    1.361335
       _Isic_274 |   2.069941   1.014424     2.04   0.041     .0817067    4.058175
       _Isic_275 |  -.5347273   .5700771    -0.94   0.348    -1.652058    .5826033
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.719755   1.007607     1.71   0.088    -.2551178    3.694627
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.268856    .721324    -1.76   0.079    -2.682626    .1449127
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.538814   .7162108    -2.15   0.032    -2.942561   -.1350668
       _Isic_286 |  -.8189042   .7058263    -1.16   0.246    -2.202298      .56449
       _Isic_287 |  -.5709402    .669999    -0.85   0.394    -1.884114    .7422336
       _Isic_289 |  -.4116337   .5799412    -0.71   0.478    -1.548298    .7250302
       _Isic_299 |  -.3205025   .7661223    -0.42   0.676    -1.822075     1.18107
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |  -.0010547    .643292    -0.00   0.999    -1.261884    1.259774
       _Isic_308 |  -.3325361    .503869    -0.66   0.509    -1.320101     .655029
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.2315529    .953769    -0.24   0.808    -2.100906      1.6378
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.1124603    .805272    -0.14   0.889    -1.690764    1.465844
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.5143146   .6133342    -0.84   0.402    -1.716428    .6877984
       _Isic_332 |          0  (omitted)
       _Isic_333 |   -.588944   .6651901    -0.89   0.376    -1.892693    .7148046
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |    .283905   .9538169     0.30   0.766    -1.585542    2.153352
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.0376156   .6113324    -0.06   0.951    -1.235805    1.160574
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.579936   1.122703     5.86   0.000     4.379478    8.780394
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.8430999   .5227992    -1.61   0.107    -1.867767    .1815676
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.1922286   .7347258    -0.26   0.794    -1.632265    1.247808
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.386392   .7463913    -1.86   0.063    -2.849292    .0765081
       _Isic_355 |  -.7691864   .5454924    -1.41   0.159    -1.838332    .2999591
       _Isic_356 |  -.6984897   .5242014    -1.33   0.183    -1.725906    .3289262
       _Isic_357 |  -.7362123   .8694083    -0.85   0.397    -2.440221    .9677966
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.7033676   .5382133    -1.31   0.191    -1.758246    .3515111
       _Isic_363 |  -1.018711    .779228    -1.31   0.191    -2.545969    .5085482
       _Isic_364 |   -.921888   .6357168    -1.45   0.147     -2.16787     .324094
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .0460232   .6009159     0.08   0.939     -1.13175    1.223797
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.8972749   .6526869    -1.37   0.169    -2.176518     .381968
       _Isic_371 |  -1.302923     .61907    -2.10   0.035    -2.516278   -.0895682
       _Isic_372 |  -1.077731   .9307974    -1.16   0.247     -2.90206    .7465986
       _Isic_373 |          0  (omitted)
       _Isic_374 |   -.382253    .846247    -0.45   0.651    -2.040867    1.276361
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.6329751   .7131667    -0.89   0.375    -2.030756     .764806
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.5756095   .6475672    -0.89   0.374    -1.844818    .6935988
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.6936121   .8120396    -0.85   0.393     -2.28518    .8979562
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .4578308   .7919149     0.58   0.563    -1.094294    2.009956
           _cons |   .6613396   1.165983     0.57   0.571    -1.623945    2.946624
----------------------------------------------------------------------------------
Note: 8 failures and 0 successes completely determined.
(est1 stored)

. * 7 Regional dummies & PMK
. eststo:xi:probit pace llernermedian* w_workstation    w_net lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a i.sic cc* i.wvs  
>  , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)
i.wvs_reg         _Iwvs_reg_1-66      (_Iwvs_reg_1 for wvs~g==Alentejo omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Iwvs_reg_3 != 0 predicts failure perfectly
      _Iwvs_reg_3 dropped and 15 obs not used

note: _Iwvs_reg_6 != 0 predicts failure perfectly
      _Iwvs_reg_6 dropped and 1 obs not used

note: _Iwvs_reg_9 != 0 predicts failure perfectly
      _Iwvs_reg_9 dropped and 3 obs not used

note: _Iwvs_reg_14 != 0 predicts failure perfectly
      _Iwvs_reg_14 dropped and 3 obs not used

note: _Iwvs_reg_15 != 0 predicts failure perfectly
      _Iwvs_reg_15 dropped and 7 obs not used

note: _Iwvs_reg_19 != 0 predicts failure perfectly
      _Iwvs_reg_19 dropped and 2 obs not used

note: _Iwvs_reg_21 != 0 predicts failure perfectly
      _Iwvs_reg_21 dropped and 4 obs not used

note: _Iwvs_reg_28 != 0 predicts failure perfectly
      _Iwvs_reg_28 dropped and 1 obs not used

note: _Iwvs_reg_29 != 0 predicts failure perfectly
      _Iwvs_reg_29 dropped and 11 obs not used

note: _Iwvs_reg_30 != 0 predicts failure perfectly
      _Iwvs_reg_30 dropped and 4 obs not used

note: _Iwvs_reg_32 != 0 predicts failure perfectly
      _Iwvs_reg_32 dropped and 4 obs not used

note: _Iwvs_reg_33 != 0 predicts failure perfectly
      _Iwvs_reg_33 dropped and 6 obs not used

note: _Iwvs_reg_35 != 0 predicts failure perfectly
      _Iwvs_reg_35 dropped and 1 obs not used

note: _Iwvs_reg_36 != 0 predicts success perfectly
      _Iwvs_reg_36 dropped and 1 obs not used

note: _Iwvs_reg_37 != 0 predicts failure perfectly
      _Iwvs_reg_37 dropped and 3 obs not used

note: _Iwvs_reg_44 != 0 predicts failure perfectly
      _Iwvs_reg_44 dropped and 2 obs not used

note: _Iwvs_reg_46 != 0 predicts failure perfectly
      _Iwvs_reg_46 dropped and 1 obs not used

note: _Iwvs_reg_47 != 0 predicts failure perfectly
      _Iwvs_reg_47 dropped and 1 obs not used

note: _Iwvs_reg_51 != 0 predicts failure perfectly
      _Iwvs_reg_51 dropped and 3 obs not used

note: _Iwvs_reg_53 != 0 predicts failure perfectly
      _Iwvs_reg_53 dropped and 9 obs not used

note: _Iwvs_reg_55 != 0 predicts failure perfectly
      _Iwvs_reg_55 dropped and 5 obs not used

note: _Iwvs_reg_58 != 0 predicts failure perfectly
      _Iwvs_reg_58 dropped and 6 obs not used

note: _Iwvs_reg_59 != 0 predicts failure perfectly
      _Iwvs_reg_59 dropped and 3 obs not used

note: _Iwvs_reg_62 != 0 predicts failure perfectly
      _Iwvs_reg_62 dropped and 6 obs not used

note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Iwvs_reg_5 omitted because of collinearity
note: _Iwvs_reg_10 omitted because of collinearity
note: _Iwvs_reg_16 omitted because of collinearity
note: _Iwvs_reg_17 omitted because of collinearity
note: _Iwvs_reg_23 omitted because of collinearity
note: _Iwvs_reg_26 omitted because of collinearity
note: _Iwvs_reg_31 omitted because of collinearity
note: _Iwvs_reg_34 omitted because of collinearity
note: _Iwvs_reg_43 omitted because of collinearity
note: _Iwvs_reg_49 omitted because of collinearity
note: _Iwvs_reg_52 omitted because of collinearity
note: _Iwvs_reg_61 omitted because of collinearity
note: _Iwvs_reg_63 omitted because of collinearity
note: _Iwvs_reg_64 omitted because of collinearity
note: _Iwvs_reg_66 omitted because of collinearity
Iteration 0:   log pseudolikelihood =  -254.0843  
Iteration 1:   log pseudolikelihood = -165.77906  
Iteration 2:   log pseudolikelihood = -152.89159  
Iteration 3:   log pseudolikelihood = -151.60689  
Iteration 4:   log pseudolikelihood =  -151.5066  
Iteration 5:   log pseudolikelihood = -151.48504  
Iteration 6:   log pseudolikelihood = -151.48111  
Iteration 7:   log pseudolikelihood =  -151.4804  
Iteration 8:   log pseudolikelihood = -151.48026  
Iteration 9:   log pseudolikelihood = -151.48023  
Iteration 10:  log pseudolikelihood = -151.48022  

Probit regression                                 Number of obs   =        547
                                                  Wald chi2(136)  =          .
                                                  Prob > chi2     =          .
Log pseudolikelihood = -151.48022                 Pseudo R2       =     0.4038

                                (Std. Err. adjusted for 512 clusters in company_id)
-----------------------------------------------------------------------------------
                  |               Robust
             pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
    llernermedian |   3.963269   8.729649     0.45   0.650    -13.14653    21.07307
llernermedianmiss |   385.9662   872.9043     0.44   0.658    -1324.895    2096.827
    w_workstation |   1.373025   .5028583     2.73   0.006     .3874413     2.35861
            w_net |  -.4995522   .2816997    -1.77   0.076    -1.051673    .0525691
           lpcemp |   .1046385   .1565158     0.67   0.504    -.2021268    .4114039
          lpcempm |   11.83081   15.38757     0.77   0.442    -18.32827    41.98989
               yy |          0  (omitted)
        ldegree_t |   .3277708   .1034155     3.17   0.002     .1250801    .5304615
    ldegree_tmiss |   .5385468   .3964316     1.36   0.174    -.2384449    1.315539
         _Inobs_2 |  -10.78169   1.349662    -7.99   0.000    -13.42698   -8.136399
         _Inobs_3 |  -.9719269   .7384849    -1.32   0.188    -2.419331    .4754768
         _Inobs_4 |  -1.945493   .6787608    -2.87   0.004     -3.27584   -.6151461
         _Inobs_5 |  -.0025685   .5484123    -0.00   0.996    -1.077437      1.0723
         _Inobs_6 |  -.4273258   .4892042    -0.87   0.382    -1.386148    .5314968
         _Inobs_7 |  -.4260481   .6422045    -0.66   0.507    -1.684746    .8326496
             ln_N |  -.0897651   .1108023    -0.81   0.418    -.3069335    .1274033
        ln_N_miss |  -10.12146   11.62762    -0.87   0.384    -32.91117    12.66825
            share |  -.2455384    .141072    -1.74   0.082    -.5220343    .0309576
        sharemiss |  -23.79519   13.87174    -1.72   0.086    -50.98329    3.392919
            MNE_f |    .349068   .2710843     1.29   0.198    -.1822475    .8803835
            MNE_d |  -.0097845   .2595714    -0.04   0.970    -.5185351    .4989661
           onsite |  -.1200407   .1905099    -0.63   0.529    -.4934334    .2533519
          onsitem |          0  (omitted)
              aa1 |          0  (omitted)
              aa2 |          0  (omitted)
              aa3 |  -1.831199   .9927567    -1.84   0.065    -3.776967     .114568
              aa4 |          0  (omitted)
              aa5 |  -3.129708   .7775594    -4.03   0.000    -4.653697    -1.60572
              aa6 |  -1.772307    .711002    -2.49   0.013    -3.165845   -.3787683
              aa7 |          0  (omitted)
              aa8 |  -3.508647   .8687058    -4.04   0.000    -5.211279   -1.806016
              aa9 |          0  (omitted)
             aa10 |  -.2803845   .7222847    -0.39   0.698    -1.696036    1.135267
             aa11 |          0  (omitted)
             aa12 |          0  (omitted)
             aa13 |          0  (omitted)
             aa14 |   -3.39524   .7642558    -4.44   0.000    -4.893154   -1.897326
             aa15 |   -1.66738    .910301    -1.83   0.067    -3.451537    .1167773
             aa16 |  -2.877744   .7532708    -3.82   0.000    -4.354128   -1.401361
             aa17 |          0  (omitted)
             aa18 |          0  (omitted)
             aa19 |  -1.916062   .8416002    -2.28   0.023    -3.565568   -.2665557
             aa20 |          0  (omitted)
             aa21 |  -1.068053   .8520794    -1.25   0.210    -2.738098    .6019915
             aa22 |          0  (omitted)
             aa23 |  -3.873038    .786273    -4.93   0.000    -5.414105   -2.331971
             aa24 |          0  (omitted)
             aa25 |   -5.33937    1.49217    -3.58   0.000     -8.26397   -2.414771
             aa26 |  -3.705961    1.01859    -3.64   0.000    -5.702359   -1.709562
             aa27 |          0  (omitted)
             aa28 |          0  (omitted)
             aa29 |          0  (omitted)
             aa30 |          0  (omitted)
             aa31 |  -2.457724   .7329645    -3.35   0.001    -3.894308    -1.02114
             aa32 |  -.6421735   .7657207    -0.84   0.402    -2.142959    .8586114
             aa33 |          0  (omitted)
             aa34 |          0  (omitted)
             aa35 |  -2.688172   .6779765    -3.96   0.000    -4.016982   -1.359363
             aa36 |   6.577189   .9685185     6.79   0.000     4.678928    8.475451
             aa37 |          0  (omitted)
             aa38 |   -1.95576   .9816837    -1.99   0.046    -3.879825   -.0316956
             aa39 |  -3.395577   .7635965    -4.45   0.000    -4.892199   -1.898956
             aa40 |   .2408821   .9421929     0.26   0.798    -1.605782    2.087546
             aa41 |          0  (omitted)
             aa42 |          0  (omitted)
             aa43 |          0  (omitted)
             aa44 |          0  (omitted)
             aa45 |          0  (omitted)
             aa46 |          0  (omitted)
             aa47 |          0  (omitted)
             aa48 |          0  (omitted)
      reliability |   -.105036   .0701832    -1.50   0.134    -.2425925    .0325206
  reliabilitymiss |   -10.3075   7.762053    -1.33   0.184    -25.52085    4.905843
              dd1 |   .1602498   .4889319     0.33   0.743    -.7980391    1.118539
              dd2 |  -.7384289   .3735588    -1.98   0.048    -1.470591   -.0062671
              dd3 |  -.6560374   .3683364    -1.78   0.075    -1.377963    .0658886
              dd4 |  -.8789434    .369974    -2.38   0.018    -1.604079   -.1538077
              dd5 |  -.6462539   .3211574    -2.01   0.044    -1.275711    -.016797
              dd6 |  -1.173335   .3965633    -2.96   0.003    -1.950585   -.3960856
              dd7 |   .6372106   .6221633     1.02   0.306     -.582207    1.856628
              dd8 |          0  (omitted)
     i_comptenure |   .0031169   .0087251     0.36   0.721     -.013984    .0202178
 i_comptenuremiss |          0  (omitted)
      i_seniority |  -.1401169   .1139965    -1.23   0.219     -.363546    .0833122
  i_senioritymiss |  -15.46226   11.68755    -1.32   0.186    -38.36943    7.444906
         duration |  -.0037012   .0087575    -0.42   0.673    -.0208657    .0134632
     durationmiss |  -.3039825   1.518581    -0.20   0.841    -3.280347    2.672382
        _Isic_202 |  -1.566765   .8294941    -1.89   0.059    -3.192544    .0590133
        _Isic_203 |          0  (omitted)
        _Isic_204 |          0  (omitted)
        _Isic_205 |  -1.116212   .7766993    -1.44   0.151    -2.638515    .4060905
        _Isic_206 |  -1.093368   1.118566    -0.98   0.328    -3.285716    1.098981
        _Isic_207 |          0  (omitted)
        _Isic_208 |          0  (omitted)
        _Isic_209 |          0  (omitted)
        _Isic_211 |          0  (omitted)
        _Isic_214 |          0  (omitted)
        _Isic_221 |   2.274875   1.012415     2.25   0.025     .2905777    4.259173
        _Isic_224 |    3.87867   .9910387     3.91   0.000      1.93627     5.82107
        _Isic_225 |          0  (omitted)
        _Isic_226 |          0  (omitted)
        _Isic_227 |          0  (omitted)
        _Isic_228 |  -1.396958    .763158    -1.83   0.067    -2.892721    .0988038
        _Isic_229 |  -1.464413   .8160229    -1.79   0.073    -3.063788    .1349626
        _Isic_232 |  -.6090303   .9282364    -0.66   0.512     -2.42834     1.21028
        _Isic_233 |          0  (omitted)
        _Isic_235 |          0  (omitted)
        _Isic_238 |          0  (omitted)
        _Isic_239 |          0  (omitted)
        _Isic_242 |          0  (omitted)
        _Isic_243 |          0  (omitted)
        _Isic_245 |          0  (omitted)
        _Isic_249 |          0  (omitted)
        _Isic_251 |   .2547214   .8022587     0.32   0.751    -1.317677     1.82712
        _Isic_252 |          0  (omitted)
        _Isic_254 |   5.724229   .7975842     7.18   0.000     4.160992    7.287465
        _Isic_261 |          0  (omitted)
        _Isic_262 |  -.6933788   .6829342    -1.02   0.310    -2.031905    .6451477
        _Isic_265 |  -.9815843   .7395953    -1.33   0.184    -2.431164    .4679958
        _Isic_267 |  -1.699422   .8490444    -2.00   0.045    -3.363519   -.0353256
        _Isic_271 |          0  (omitted)
        _Isic_272 |          0  (omitted)
        _Isic_273 |  -.8361738   1.003824    -0.83   0.405    -2.803632    1.131284
        _Isic_274 |   2.581558   1.187302     2.17   0.030     .2544898    4.908627
        _Isic_275 |  -1.398908   .7389007    -1.89   0.058    -2.847126    .0493113
        _Isic_278 |          0  (omitted)
        _Isic_279 |   .4196336   1.338926     0.31   0.754    -2.204613     3.04388
        _Isic_281 |          0  (omitted)
        _Isic_282 |  -1.571727   .8383246    -1.87   0.061    -3.214813    .0713588
        _Isic_283 |          0  (omitted)
        _Isic_284 |          0  (omitted)
        _Isic_285 |  -2.179947   .8716917    -2.50   0.012    -3.888431   -.4714624
        _Isic_286 |  -1.916308   .8317818    -2.30   0.021     -3.54657   -.2860455
        _Isic_287 |  -.9096818   1.109142    -0.82   0.412     -3.08356    1.264197
        _Isic_289 |  -.0998217   .8024018    -0.12   0.901      -1.6725    1.472857
        _Isic_299 |  -.1661294   1.192644    -0.14   0.889    -2.503668    2.171409
        _Isic_301 |          0  (omitted)
        _Isic_302 |          0  (omitted)
        _Isic_305 |          0  (omitted)
        _Isic_306 |  -.5894727   .7766475    -0.76   0.448    -2.111674    .9327283
        _Isic_308 |  -1.173182    .698823    -1.68   0.093     -2.54285    .1964857
        _Isic_311 |          0  (omitted)
        _Isic_321 |          0  (omitted)
        _Isic_322 |          0  (omitted)
        _Isic_323 |  -.4964759   1.147976    -0.43   0.665    -2.746468    1.753517
        _Isic_324 |          0  (omitted)
        _Isic_325 |          0  (omitted)
        _Isic_326 |  -.4172587   1.049711    -0.40   0.691    -2.474655    1.640138
        _Isic_327 |          0  (omitted)
        _Isic_328 |          0  (omitted)
        _Isic_329 |          0  (omitted)
        _Isic_331 |  -.7899502   .8399622    -0.94   0.347    -2.436246    .8563454
        _Isic_332 |          0  (omitted)
        _Isic_333 |  -.6590517   .8720329    -0.76   0.450    -2.368205    1.050101
        _Isic_334 |          0  (omitted)
        _Isic_335 |          0  (omitted)
        _Isic_336 |          0  (omitted)
        _Isic_339 |          0  (omitted)
        _Isic_341 |          0  (omitted)
        _Isic_342 |   .7218611   1.192952     0.61   0.545    -1.616282    3.060004
        _Isic_343 |          0  (omitted)
        _Isic_344 |  -.8260914   .7233655    -1.14   0.253    -2.243862     .591679
        _Isic_345 |          0  (omitted)
        _Isic_346 |          0  (omitted)
        _Isic_347 |   10.95017    1.58966     6.89   0.000     7.834498    14.06585
        _Isic_348 |          0  (omitted)
        _Isic_349 |  -1.447036   .6807663    -2.13   0.034    -2.781314    -.112759
        _Isic_351 |          0  (omitted)
        _Isic_352 |  -.7874469   .7956467    -0.99   0.322    -2.346886    .7719919
        _Isic_353 |          0  (omitted)
        _Isic_354 |   -2.25944   1.018672    -2.22   0.027    -4.256001   -.2628791
        _Isic_355 |  -1.066146    .687653    -1.55   0.121    -2.413921    .2816288
        _Isic_356 |  -.8180295   .7119038    -1.15   0.251    -2.213335    .5772764
        _Isic_357 |  -1.528279   1.176809    -1.30   0.194    -3.834782    .7782233
        _Isic_358 |          0  (omitted)
        _Isic_359 |          0  (omitted)
        _Isic_361 |          0  (omitted)
        _Isic_362 |  -1.491167   .7432747    -2.01   0.045    -2.947958   -.0343751
        _Isic_363 |  -1.336369    .915861    -1.46   0.145    -3.131423     .458686
        _Isic_364 |  -1.527206   .8422138    -1.81   0.070    -3.177915    .1235023
        _Isic_365 |          0  (omitted)
        _Isic_366 |  -.1413986   .7292703    -0.19   0.846    -1.570742    1.287945
        _Isic_367 |          0  (omitted)
        _Isic_369 |  -1.822136   .9595662    -1.90   0.058    -3.702852     .058579
        _Isic_371 |  -2.427068   .7241237    -3.35   0.001    -3.846324   -1.007812
        _Isic_372 |  -1.940658   1.118821    -1.73   0.083    -4.133507    .2521915
        _Isic_373 |          0  (omitted)
        _Isic_374 |  -.4596884   .9858354    -0.47   0.641     -2.39189    1.472513
        _Isic_375 |          0  (omitted)
        _Isic_379 |          0  (omitted)
        _Isic_381 |  -1.019552   .8458308    -1.21   0.228     -2.67735    .6382458
        _Isic_382 |          0  (omitted)
        _Isic_384 |   -.878294   .8590612    -1.02   0.307    -2.562023    .8054349
        _Isic_391 |          0  (omitted)
        _Isic_394 |          0  (omitted)
        _Isic_395 |          0  (omitted)
        _Isic_399 |  -1.429713   .9541253    -1.50   0.134    -3.299764    .4403382
        _Isic_514 |          0  (omitted)
        _Isic_671 |   10.45559   1.363893     7.67   0.000     7.782409    13.12877
            cc_cn |          0  (omitted)
            cc_fr |  -.0209291   1.168145    -0.02   0.986     -2.31045    2.268592
            cc_ge |   1.884278   1.111368     1.70   0.090    -.2939622    4.062519
            cc_gr |          0  (omitted)
            cc_in |          0  (omitted)
            cc_it |   3.504291   1.677847     2.09   0.037     .2157705    6.792811
            cc_jp |          0  (omitted)
            cc_po |  -6.893814   1.513482    -4.55   0.000    -9.860185   -3.927443
            cc_pt |          0  (omitted)
            cc_sw |   3.515929   1.628768     2.16   0.031     .3236027    6.708256
            cc_uk |  -1.627934   1.090379    -1.49   0.135    -3.765038    .5091699
      _Iwvs_reg_2 |  -.5035166   .7671963    -0.66   0.512    -2.007194     1.00016
      _Iwvs_reg_3 |          0  (omitted)
      _Iwvs_reg_4 |   -1.83438   .7581749    -2.42   0.016    -3.320376   -.3483846
      _Iwvs_reg_5 |          0  (omitted)
      _Iwvs_reg_6 |          0  (omitted)
      _Iwvs_reg_7 |    4.34872   1.176415     3.70   0.000      2.04299    6.654451
      _Iwvs_reg_8 |  -.6354671    .739376    -0.86   0.390    -2.084617    .8136833
      _Iwvs_reg_9 |          0  (omitted)
     _Iwvs_reg_10 |          0  (omitted)
     _Iwvs_reg_11 |   .3943778   .9988786     0.39   0.693    -1.563388    2.352144
     _Iwvs_reg_12 |   1.337479   1.154027     1.16   0.246    -.9243734    3.599331
     _Iwvs_reg_13 |   .2986111    .795235     0.38   0.707    -1.260021    1.857243
     _Iwvs_reg_14 |          0  (omitted)
     _Iwvs_reg_15 |          0  (omitted)
     _Iwvs_reg_16 |          0  (omitted)
     _Iwvs_reg_17 |          0  (omitted)
     _Iwvs_reg_18 |  -2.325364   1.407837    -1.65   0.099    -5.084674    .4339461
     _Iwvs_reg_19 |          0  (omitted)
     _Iwvs_reg_20 |  -.9629667   .8216623    -1.17   0.241    -2.573395    .6474617
     _Iwvs_reg_21 |          0  (omitted)
     _Iwvs_reg_22 |  -.0960993   1.042638    -0.09   0.927    -2.139633    1.947434
     _Iwvs_reg_23 |          0  (omitted)
     _Iwvs_reg_24 |  -2.376761   .9048274    -2.63   0.009     -4.15019   -.6033321
     _Iwvs_reg_25 |  -2.062491   1.331118    -1.55   0.121    -4.671435    .5464536
     _Iwvs_reg_26 |          0  (omitted)
     _Iwvs_reg_27 |   1.991078   .9408808     2.12   0.034     .1469853     3.83517
     _Iwvs_reg_28 |          0  (omitted)
     _Iwvs_reg_29 |          0  (omitted)
     _Iwvs_reg_30 |          0  (omitted)
     _Iwvs_reg_31 |          0  (omitted)
     _Iwvs_reg_32 |          0  (omitted)
     _Iwvs_reg_33 |          0  (omitted)
     _Iwvs_reg_34 |          0  (omitted)
     _Iwvs_reg_35 |          0  (omitted)
     _Iwvs_reg_36 |          0  (omitted)
     _Iwvs_reg_37 |          0  (omitted)
     _Iwvs_reg_38 |   3.073563   1.052408     2.92   0.003     1.010881    5.136245
     _Iwvs_reg_39 |  -2.089326   1.376064    -1.52   0.129    -4.786362    .6077107
     _Iwvs_reg_40 |  -.1080727   .9579424    -0.11   0.910    -1.985605     1.76946
     _Iwvs_reg_41 |   1.921862   .9462659     2.03   0.042     .0672154    3.776509
     _Iwvs_reg_42 |  -1.646915   1.481189    -1.11   0.266    -4.549992    1.256162
     _Iwvs_reg_43 |          0  (omitted)
     _Iwvs_reg_44 |          0  (omitted)
     _Iwvs_reg_45 |  -2.479593   1.322889    -1.87   0.061    -5.072408    .1132229
     _Iwvs_reg_46 |          0  (omitted)
     _Iwvs_reg_47 |          0  (omitted)
     _Iwvs_reg_48 |  -2.452603   1.340999    -1.83   0.067    -5.080913    .1757068
     _Iwvs_reg_49 |          0  (omitted)
     _Iwvs_reg_50 |   1.163889   .9468869     1.23   0.219    -.6919749    3.019753
     _Iwvs_reg_51 |          0  (omitted)
     _Iwvs_reg_52 |          0  (omitted)
     _Iwvs_reg_53 |          0  (omitted)
     _Iwvs_reg_54 |  -.4603909   .8478571    -0.54   0.587     -2.12216    1.201379
     _Iwvs_reg_55 |          0  (omitted)
     _Iwvs_reg_56 |  -.5459686   1.017842    -0.54   0.592    -2.540902    1.448965
     _Iwvs_reg_57 |  -.9040314   1.131515    -0.80   0.424     -3.12176    1.313697
     _Iwvs_reg_58 |          0  (omitted)
     _Iwvs_reg_59 |          0  (omitted)
     _Iwvs_reg_60 |  -.0196578   .9340288    -0.02   0.983    -1.850321    1.811005
     _Iwvs_reg_61 |          0  (omitted)
     _Iwvs_reg_62 |          0  (omitted)
     _Iwvs_reg_63 |          0  (omitted)
     _Iwvs_reg_64 |          0  (omitted)
     _Iwvs_reg_65 |   -2.04766   1.342321    -1.53   0.127    -4.678561    .5832403
     _Iwvs_reg_66 |          0  (omitted)
            _cons |   .4089283   8.663127     0.05   0.962    -16.57049    17.38834
-----------------------------------------------------------------------------------
Note: 13 failures and 0 successes completely determined.
(est2 stored)

. * 8 Adding extra firm controls
. eststo:xi:probit pace w_workstation  w_net ln_k_n* ln_y_n* ln_wages* ln_age* public*  ln_global*     lpcemp lpcempm yy* ldegree_t* $
> collapse $firm $noise_a cc* i.sic , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: ln_agemiss != 0 predicts failure perfectly
      ln_agemiss dropped and 4 obs not used

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 20 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.24347  
Iteration 1:   log pseudolikelihood = -189.46741  
Iteration 2:   log pseudolikelihood = -181.15791  
Iteration 3:   log pseudolikelihood =  -180.6877  
Iteration 4:   log pseudolikelihood = -180.62465  
Iteration 5:   log pseudolikelihood = -180.61431  
Iteration 6:   log pseudolikelihood = -180.61249  
Iteration 7:   log pseudolikelihood = -180.61215  
Iteration 8:   log pseudolikelihood = -180.61208  
Iteration 9:   log pseudolikelihood = -180.61206  

Probit regression                                 Number of obs   =        646
                                                  Wald chi2(119)  =          .
                                                  Prob > chi2     =          .
Log pseudolikelihood = -180.61206                 Pseudo R2       =     0.3390

                                  (Std. Err. adjusted for 611 clusters in company_id)
-------------------------------------------------------------------------------------
                    |               Robust
               pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
      w_workstation |   .8620575   .4094607     2.11   0.035     .0595293    1.664586
              w_net |  -.4275894   .2354364    -1.82   0.069    -.8890362    .0338574
             ln_k_n |  -.0560138   .1167377    -0.48   0.631    -.2848155    .1727879
         ln_k_nmiss |   -5.43117   11.96282    -0.45   0.650    -28.87786    18.01552
             ln_y_n |  -.3273624   .1553873    -2.11   0.035     -.631916   -.0228088
         ln_y_nmiss |  -34.41167   16.19354    -2.13   0.034    -66.15044   -2.672915
         ln_wages_a |  -.1963465   .1297955    -1.51   0.130    -.4507411    .0580481
     ln_wages_amiss |  -22.25896    14.0837    -1.58   0.114    -49.86251    5.344579
             ln_age |  -.0986847   .0862107    -1.14   0.252    -.2676546    .0702853
         ln_agemiss |          0  (omitted)
             public |  -.2198264   .3387819    -0.65   0.516    -.8838268    .4441739
         publicmiss |  -21.87371   33.66632    -0.65   0.516    -87.85849    44.11108
    ln_globaluo_emp |  -.0536188   .0511873    -1.05   0.295    -.1539441    .0467065
ln_globaluo_empmiss |  -5.841647   5.509446    -1.06   0.289    -16.63996    4.956668
             lpcemp |   .2860842   .1238266     2.31   0.021     .0433885      .52878
            lpcempm |   28.79555   12.11025     2.38   0.017     5.059889     52.5312
                 yy |          0  (omitted)
          ldegree_t |   .3446153   .0976501     3.53   0.000     .1532246     .536006
      ldegree_tmiss |   .7149076   .3458085     2.07   0.039     .0371353     1.39268
           _Inobs_2 |  -5.411251   .9052132    -5.98   0.000    -7.185436   -3.637066
           _Inobs_3 |  -.2978812    .620512    -0.48   0.631    -1.514062       .9183
           _Inobs_4 |   -.861903   .5862825    -1.47   0.142    -2.010996    .2871896
           _Inobs_5 |   .4449159   .4590292     0.97   0.332    -.4547648    1.344597
           _Inobs_6 |   .1633544   .3996729     0.41   0.683    -.6199901    .9466989
           _Inobs_7 |   .2398851   .5256262     0.46   0.648    -.7903234    1.270093
               ln_N |   .2176919   .1197089     1.82   0.069    -.0169332    .4523171
          ln_N_miss |    22.7939   12.64643     1.80   0.071    -1.992643    47.58044
              share |  -.0126873   .1371287    -0.09   0.926    -.2814547    .2560801
          sharemiss |   -1.22381   13.52018    -0.09   0.928    -27.72289    25.27526
              MNE_f |    .307441   .2317142     1.33   0.185    -.1467105    .7615926
              MNE_d |    .278264   .2216797     1.26   0.209    -.1562202    .7127482
             onsite |  -.0499061    .169205    -0.29   0.768    -.3815418    .2817295
            onsitem |          0  (omitted)
                aa1 |          0  (omitted)
                aa2 |          0  (omitted)
                aa3 |  -1.296984   .8215489    -1.58   0.114     -2.90719    .3132224
                aa4 |          0  (omitted)
                aa5 |  -2.541004   .6958735    -3.65   0.000    -3.904891   -1.177117
                aa6 |  -1.719652     .70511    -2.44   0.015    -3.101642   -.3376622
                aa7 |          0  (omitted)
                aa8 |  -2.511128    .663765    -3.78   0.000    -3.812083   -1.210172
                aa9 |          0  (omitted)
               aa10 |   .1626354   .6144776     0.26   0.791    -1.041719    1.366989
               aa11 |          0  (omitted)
               aa12 |          0  (omitted)
               aa13 |          0  (omitted)
               aa14 |  -2.464566   .6396661    -3.85   0.000    -3.718288   -1.210843
               aa15 |  -1.231036   .9673777    -1.27   0.203    -3.127061    .6649899
               aa16 |  -2.060089    .619649    -3.32   0.001    -3.274579   -.8455995
               aa17 |          0  (omitted)
               aa18 |          0  (omitted)
               aa19 |  -1.172101   .6726742    -1.74   0.081    -2.490518     .146316
               aa20 |          0  (omitted)
               aa21 |  -.3725593   .7992562    -0.47   0.641    -1.939073    1.193954
               aa22 |          0  (omitted)
               aa23 |  -3.100828   .7274165    -4.26   0.000    -4.526538   -1.675118
               aa24 |          0  (omitted)
               aa25 |  -4.800106   1.029851    -4.66   0.000    -6.818577   -2.781636
               aa26 |  -3.000659   .7847229    -3.82   0.000    -4.538688    -1.46263
               aa27 |          0  (omitted)
               aa28 |          0  (omitted)
               aa29 |          0  (omitted)
               aa30 |          0  (omitted)
               aa31 |  -2.229864   .7484806    -2.98   0.003    -3.696859   -.7628692
               aa32 |  -.4753503   .6434839    -0.74   0.460    -1.736556    .7858549
               aa33 |          0  (omitted)
               aa34 |          0  (omitted)
               aa35 |  -2.032987   .5610851    -3.62   0.000    -3.132693   -.9332801
               aa36 |    5.18762   .7559537     6.86   0.000     3.705977    6.669262
               aa37 |          0  (omitted)
               aa38 |  -1.271716   .7822215    -1.63   0.104    -2.804842    .2614095
               aa39 |  -2.509876   .6603507    -3.80   0.000    -3.804139   -1.215612
               aa40 |   .6145233   .7755493     0.79   0.428    -.9055254    2.134572
               aa41 |          0  (omitted)
               aa42 |          0  (omitted)
               aa43 |          0  (omitted)
               aa44 |          0  (omitted)
               aa45 |          0  (omitted)
               aa46 |          0  (omitted)
               aa47 |          0  (omitted)
               aa48 |          0  (omitted)
        reliability |  -.0822138   .0644636    -1.28   0.202    -.2085602    .0441326
    reliabilitymiss |  -7.752824   7.175359    -1.08   0.280    -21.81627    6.310621
                dd1 |  -.2394376   .4295255    -0.56   0.577    -1.081292    .6024169
                dd2 |  -.3190844   .3220636    -0.99   0.322    -.9503175    .3121487
                dd3 |  -.3527966   .3214798    -1.10   0.272    -.9828855    .2772923
                dd4 |  -.2520168   .3100076    -0.81   0.416    -.8596206     .355587
                dd5 |   -.285005   .2820469    -1.01   0.312    -.8378067    .2677967
                dd6 |  -.6979643   .3389273    -2.06   0.039     -1.36225   -.0336791
                dd7 |   .5392982   .5482797     0.98   0.325    -.5353103    1.613907
                dd8 |          0  (omitted)
       i_comptenure |   .0047267    .007099     0.67   0.506    -.0091871    .0186406
   i_comptenuremiss |          0  (omitted)
        i_seniority |  -.0686334   .0953351    -0.72   0.472    -.2554867    .1182199
    i_senioritymiss |  -7.487117   9.722294    -0.77   0.441    -26.54246    11.56823
           duration |  -.0030512   .0071277    -0.43   0.669    -.0170213    .0109189
       durationmiss |  -.8024796   1.395163    -0.58   0.565    -3.536949     1.93199
              cc_cn |          0  (omitted)
              cc_fr |  -.7055135   .9020204    -0.78   0.434    -2.473441    1.062414
              cc_ge |    .329486   .5934275     0.56   0.579    -.8336105    1.492583
              cc_gr |          0  (omitted)
              cc_in |          0  (omitted)
              cc_it |    3.10122   1.080596     2.87   0.004     .9832906     5.21915
              cc_jp |          0  (omitted)
              cc_po |  -6.740013    .971305    -6.94   0.000    -8.643736   -4.836291
              cc_pt |          0  (omitted)
              cc_sw |   1.206455   .7169662     1.68   0.092    -.1987729    2.611683
              cc_uk |  -.4335404   .4637886    -0.93   0.350    -1.342549    .4754686
          _Isic_202 |   -.160328   .6666298    -0.24   0.810    -1.466898    1.146243
          _Isic_203 |          0  (omitted)
          _Isic_204 |          0  (omitted)
          _Isic_205 |   .0212682   .6796025     0.03   0.975    -1.310728    1.353265
          _Isic_206 |   .0150268   .7312925     0.02   0.984     -1.41828    1.448334
          _Isic_207 |          0  (omitted)
          _Isic_208 |          0  (omitted)
          _Isic_209 |          0  (omitted)
          _Isic_211 |          0  (omitted)
          _Isic_214 |          0  (omitted)
          _Isic_221 |   .7710141   1.063547     0.72   0.468      -1.3135    2.855529
          _Isic_224 |   .0519974    .870012     0.06   0.952    -1.653195     1.75719
          _Isic_225 |          0  (omitted)
          _Isic_226 |          0  (omitted)
          _Isic_227 |          0  (omitted)
          _Isic_228 |   .0164723   .6709756     0.02   0.980    -1.298616     1.33156
          _Isic_229 |  -.7643681   .7047241    -1.08   0.278    -2.145602    .6168657
          _Isic_232 |  -.7138061   .8124001    -0.88   0.380    -2.306081    .8784688
          _Isic_233 |          0  (omitted)
          _Isic_235 |          0  (omitted)
          _Isic_238 |          0  (omitted)
          _Isic_239 |          0  (omitted)
          _Isic_242 |          0  (omitted)
          _Isic_243 |          0  (omitted)
          _Isic_245 |          0  (omitted)
          _Isic_249 |          0  (omitted)
          _Isic_251 |   .3001761    .678326     0.44   0.658    -1.029318    1.629671
          _Isic_252 |          0  (omitted)
          _Isic_254 |   1.012249   .9645696     1.05   0.294    -.8782723    2.902771
          _Isic_261 |          0  (omitted)
          _Isic_262 |   .4012179    .551672     0.73   0.467    -.6800393    1.482475
          _Isic_265 |  -.6177533   .6140067    -1.01   0.314    -1.821184    .5856776
          _Isic_267 |  -.7908036   .6556544    -1.21   0.228    -2.075863    .4942554
          _Isic_271 |          0  (omitted)
          _Isic_272 |          0  (omitted)
          _Isic_273 |  -.5225544   .7815615    -0.67   0.504    -2.054387    1.009278
          _Isic_274 |   2.105923   1.059347     1.99   0.047     .0296424    4.182204
          _Isic_275 |  -.5801511   .5895722    -0.98   0.325    -1.735691    .5753891
          _Isic_278 |          0  (omitted)
          _Isic_279 |    1.79926   .9719456     1.85   0.064    -.1057189    3.704238
          _Isic_281 |          0  (omitted)
          _Isic_282 |  -.9188736   .7073762    -1.30   0.194    -2.305305    .4675582
          _Isic_283 |          0  (omitted)
          _Isic_284 |          0  (omitted)
          _Isic_285 |  -1.374626   .7095449    -1.94   0.053    -2.765308    .0160566
          _Isic_286 |  -.4480666   .8238787    -0.54   0.587    -2.062839    1.166706
          _Isic_287 |   -.094644   .7936544    -0.12   0.905    -1.650178     1.46089
          _Isic_289 |  -.1406186   .6138839    -0.23   0.819    -1.343809    1.062572
          _Isic_299 |   .6369705   .7721606     0.82   0.409    -.8764365    2.150377
          _Isic_301 |          0  (omitted)
          _Isic_302 |          0  (omitted)
          _Isic_305 |          0  (omitted)
          _Isic_306 |  -.1812151    .632236    -0.29   0.774    -1.420375    1.057945
          _Isic_308 |  -.4302958   .5190631    -0.83   0.407    -1.447641    .5870492
          _Isic_311 |          0  (omitted)
          _Isic_321 |          0  (omitted)
          _Isic_322 |          0  (omitted)
          _Isic_323 |  -.5080273    1.08649    -0.47   0.640    -2.637509    1.621455
          _Isic_324 |          0  (omitted)
          _Isic_325 |          0  (omitted)
          _Isic_326 |  -.4904949   .8440502    -0.58   0.561    -2.144803    1.163813
          _Isic_327 |          0  (omitted)
          _Isic_328 |          0  (omitted)
          _Isic_329 |          0  (omitted)
          _Isic_331 |  -.4620994   .6468847    -0.71   0.475     -1.72997    .8057713
          _Isic_332 |          0  (omitted)
          _Isic_333 |  -.4170461   .6931538    -0.60   0.547    -1.775602    .9415104
          _Isic_334 |          0  (omitted)
          _Isic_335 |          0  (omitted)
          _Isic_336 |          0  (omitted)
          _Isic_339 |          0  (omitted)
          _Isic_341 |          0  (omitted)
          _Isic_342 |   .0948408    .807398     0.12   0.906     -1.48763    1.677312
          _Isic_343 |          0  (omitted)
          _Isic_344 |   .0599922    .651953     0.09   0.927    -1.217812    1.337797
          _Isic_345 |          0  (omitted)
          _Isic_346 |          0  (omitted)
          _Isic_347 |   6.904048   1.105501     6.25   0.000     4.737306    9.070789
          _Isic_348 |          0  (omitted)
          _Isic_349 |  -1.043264   .5592585    -1.87   0.062    -2.139391    .0528623
          _Isic_351 |          0  (omitted)
          _Isic_352 |  -.2777853   .7782047    -0.36   0.721    -1.803039    1.247468
          _Isic_353 |          0  (omitted)
          _Isic_354 |  -1.284597    .736346    -1.74   0.081    -2.727808     .158615
          _Isic_355 |  -.8396006   .5636171    -1.49   0.136     -1.94427    .2650687
          _Isic_356 |   -.722881   .5723222    -1.26   0.207    -1.844612    .3988499
          _Isic_357 |  -.9103443   .8976862    -1.01   0.311    -2.669777    .8490883
          _Isic_358 |          0  (omitted)
          _Isic_359 |          0  (omitted)
          _Isic_361 |          0  (omitted)
          _Isic_362 |  -.8769766   .5895501    -1.49   0.137    -2.032474    .2785204
          _Isic_363 |  -1.391962    .779703    -1.79   0.074    -2.920151    .1362283
          _Isic_364 |  -1.186817   .6587959    -1.80   0.072    -2.478034     .104399
          _Isic_365 |          0  (omitted)
          _Isic_366 |   .0448962   .6326742     0.07   0.943    -1.195122    1.284915
          _Isic_367 |          0  (omitted)
          _Isic_369 |  -1.143775   .6855268    -1.67   0.095    -2.487383    .1998323
          _Isic_371 |  -1.409774   .6340122    -2.22   0.026    -2.652415   -.1671334
          _Isic_372 |  -1.113995    .927544    -1.20   0.230    -2.931947    .7039582
          _Isic_373 |          0  (omitted)
          _Isic_374 |   -.348235   .7767327    -0.45   0.654    -1.870603    1.174133
          _Isic_375 |          0  (omitted)
          _Isic_379 |          0  (omitted)
          _Isic_381 |  -.7550695   .7229056    -1.04   0.296    -2.171938    .6617993
          _Isic_382 |          0  (omitted)
          _Isic_384 |  -.7088618   .6641808    -1.07   0.286    -2.010632    .5929086
          _Isic_391 |          0  (omitted)
          _Isic_394 |          0  (omitted)
          _Isic_395 |          0  (omitted)
          _Isic_399 |  -.6968979   .8380338    -0.83   0.406    -2.339414    .9456181
          _Isic_514 |          0  (omitted)
          _Isic_671 |   .4445517   .8270426     0.54   0.591    -1.176422    2.065525
              _cons |   5.154924   1.858506     2.77   0.006      1.51232    8.797528
-------------------------------------------------------------------------------------
Note: 11 failures and 0 successes completely determined.
(est3 stored)

. * 5 Alternative network variables
. eststo:xi:probit pace w_workstation  w_net2  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a i.sic cc* , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -195.74961  
Iteration 2:   log pseudolikelihood = -188.69548  
Iteration 3:   log pseudolikelihood = -188.29744  
Iteration 4:   log pseudolikelihood =   -188.248  
Iteration 5:   log pseudolikelihood = -188.24233  
Iteration 6:   log pseudolikelihood = -188.24128  
Iteration 7:   log pseudolikelihood = -188.24107  
Iteration 8:   log pseudolikelihood = -188.24103  
Iteration 9:   log pseudolikelihood = -188.24102  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(109)  =    3331.00
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -188.24102                 Pseudo R2       =     0.3123

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |    .897453    .424946     2.11   0.035     .0645741    1.730332
          w_net2 |  -.0111224   .0061467    -1.81   0.070    -.0231697    .0009249
          lpcemp |   .1428065   .1231032     1.16   0.246    -.0984712    .3840842
         lpcempm |   14.65552   12.03724     1.22   0.223    -8.937033    38.24807
              yy |          0  (omitted)
       ldegree_t |   .2902557   .0951374     3.05   0.002     .1037898    .4767215
   ldegree_tmiss |    .563365   .3288804     1.71   0.087    -.0812287    1.207959
        _Inobs_2 |   -4.91745   .9374122    -5.25   0.000    -6.754744   -3.080156
        _Inobs_3 |  -.6245809   .6597078    -0.95   0.344    -1.917584    .6684226
        _Inobs_4 |  -1.266596   .6110147    -2.07   0.038    -2.464163   -.0690291
        _Inobs_5 |   .1355828   .4434769     0.31   0.760     -.733616    1.004782
        _Inobs_6 |   -.051136   .3915102    -0.13   0.896    -.8184818    .7162098
        _Inobs_7 |   .0523226    .532524     0.10   0.922    -.9914053    1.096051
            ln_N |   .0197139   .0971188     0.20   0.839    -.1706354    .2100632
       ln_N_miss |   2.353912   10.14591     0.23   0.817     -17.5317    22.23952
           share |   -.039139   .1271976    -0.31   0.758    -.2884416    .2101637
       sharemiss |  -3.996108   12.54178    -0.32   0.750    -28.57755    20.58533
           MNE_f |   .3381975   .2168965     1.56   0.119    -.0869118    .7633068
           MNE_d |   .1982637   .2127222     0.93   0.351    -.2186641    .6151915
          onsite |  -.0402329   .1597082    -0.25   0.801    -.3532552    .2727894
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.4616756   .8280679    -0.56   0.577    -2.084659    1.161308
             aa4 |          0  (omitted)
             aa5 |  -1.800802   .5891624    -3.06   0.002    -2.955539   -.6460647
             aa6 |  -1.251288   .6298361    -1.99   0.047    -2.485744   -.0168321
             aa7 |          0  (omitted)
             aa8 |  -1.986507   .6546783    -3.03   0.002    -3.269653   -.7033608
             aa9 |          0  (omitted)
            aa10 |   .3452599   .5986839     0.58   0.564     -.828139    1.518659
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.075681   .6361379    -3.26   0.001    -3.322488   -.8288733
            aa15 |   -1.05261   .9229432    -1.14   0.254    -2.861546     .756325
            aa16 |  -1.816384    .601797    -3.02   0.003    -2.995885   -.6368837
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8046989   .6588806    -1.22   0.222    -2.096081    .4866833
            aa20 |          0  (omitted)
            aa21 |  -.1741004   .7770124    -0.22   0.823    -1.697017    1.348816
            aa22 |          0  (omitted)
            aa23 |  -2.747225   .6669055    -4.12   0.000    -4.054336   -1.440114
            aa24 |          0  (omitted)
            aa25 |  -4.894527   1.008581    -4.85   0.000     -6.87131   -2.917744
            aa26 |  -2.699218   .7670297    -3.52   0.000    -4.202568   -1.195867
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.931373   .6937043    -2.78   0.005    -3.291008   -.5717376
            aa32 |   -.221436   .6351286    -0.35   0.727    -1.466265    1.023393
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.585709   .5270884    -3.01   0.003    -2.618783   -.5526346
            aa36 |   5.995057   .7063956     8.49   0.000     4.610547    7.379567
            aa37 |          0  (omitted)
            aa38 |  -1.136995   .8182608    -1.39   0.165    -2.740757    .4667664
            aa39 |  -2.097613   .6438124    -3.26   0.001    -3.359462   -.8357639
            aa40 |   .6951572   .7988861     0.87   0.384    -.8706308    2.260945
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0778779   .0592907    -1.31   0.189    -.1940855    .0383297
 reliabilitymiss |  -7.378857   6.581529    -1.12   0.262    -20.27842    5.520702
             dd1 |  -.0548909   .4267059    -0.13   0.898    -.8912191    .7814373
             dd2 |  -.4436677   .3102081    -1.43   0.153    -1.051664     .164329
             dd3 |  -.4262515   .3119982    -1.37   0.172    -1.037757    .1852537
             dd4 |  -.3297593   .2991749    -1.10   0.270    -.9161313    .2566126
             dd5 |  -.4272679   .2659227    -1.61   0.108    -.9484668     .093931
             dd6 |  -.9093482   .3272298    -2.78   0.005    -1.550707   -.2679895
             dd7 |    .482532   .5105556     0.95   0.345    -.5181387    1.483203
             dd8 |          0  (omitted)
    i_comptenure |   .0020391    .006817     0.30   0.765     -.011322    .0154001
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0873911   .0935799    -0.93   0.350    -.2708043     .096022
 i_senioritymiss |  -9.280347    9.54961    -0.97   0.331    -27.99724    9.436546
        duration |  -.0011956   .0066915    -0.18   0.858    -.0143107    .0119195
    durationmiss |  -.4909348   1.356412    -0.36   0.717    -3.149454    2.167585
       _Isic_202 |  -.3183371   .6401202    -0.50   0.619     -1.57295    .9362755
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0172048   .6720496     0.03   0.980    -1.299988    1.334398
       _Isic_206 |  -.1454564   .8738354    -0.17   0.868    -1.858142     1.56723
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .8996069   .9561136     0.94   0.347    -.9743413    2.773555
       _Isic_224 |   .2365323   .8160523     0.29   0.772    -1.362901    1.835966
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1434123   .6616136     0.22   0.828    -1.153326    1.440151
       _Isic_229 |  -.6967004   .7457843    -0.93   0.350    -2.158411    .7650099
       _Isic_232 |  -.3536489   .7998627    -0.44   0.658    -1.921351    1.214053
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .5502982   .7039984     0.78   0.434    -.8295132     1.93011
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.400535   1.010761     1.39   0.166    -.5805196     3.38159
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .1037861   .5388146     0.19   0.847     -.952271    1.159843
       _Isic_265 |  -.5338673   .6128754    -0.87   0.384    -1.735081    .6673464
       _Isic_267 |  -.8331609    .657546    -1.27   0.205    -2.121927    .4556057
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.0779749   .8198993    -0.10   0.924    -1.684948    1.528998
       _Isic_274 |   2.383746   .9796771     2.43   0.015     .4636139    4.303878
       _Isic_275 |  -.5177081    .574492    -0.90   0.368    -1.643692    .6082755
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.756465   1.049453     1.67   0.094    -.3004253    3.813355
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.303601   .7217877    -1.81   0.071    -2.718279    .1110773
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.463725   .7099184    -2.06   0.039     -2.85514    -.072311
       _Isic_286 |  -.7884637   .7007932    -1.13   0.261    -2.161993    .5850657
       _Isic_287 |  -.5170656   .6844208    -0.76   0.450    -1.858506    .8243744
       _Isic_289 |  -.2782258   .5713676    -0.49   0.626    -1.398086    .8416341
       _Isic_299 |  -.3301126   .7757504    -0.43   0.670    -1.850555     1.19033
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |    .186496   .6399293     0.29   0.771    -1.067742    1.440734
       _Isic_308 |  -.3077147   .5123495    -0.60   0.548    -1.311901    .6964719
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |    -.07555   .9661861    -0.08   0.938     -1.96924     1.81814
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.2317687   .7186397    -0.32   0.747    -1.640277    1.176739
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.4643439   .6310155    -0.74   0.462    -1.701111    .7724237
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.5539138   .6707526    -0.83   0.409    -1.868565    .7607372
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .3466249   .9363234     0.37   0.711    -1.488535    2.181785
       _Isic_343 |          0  (omitted)
       _Isic_344 |   .0833947   .6059459     0.14   0.891    -1.104237    1.271027
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.942439   1.142397     6.08   0.000     4.703382    9.181497
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.7738584   .5127847    -1.51   0.131    -1.778898    .2311811
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.1740347   .7550969    -0.23   0.818    -1.653997    1.305928
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.215715   .7249172    -1.68   0.094    -2.636526    .2050972
       _Isic_355 |  -.6617886   .5327486    -1.24   0.214    -1.705957    .3823795
       _Isic_356 |  -.6704662   .5221096    -1.28   0.199    -1.693782    .3528498
       _Isic_357 |  -.6927591   .8390764    -0.83   0.409    -2.337319    .9518005
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.5674643    .535472    -1.06   0.289     -1.61697    .4820414
       _Isic_363 |  -.9906863   .7831897    -1.26   0.206     -2.52571    .5443373
       _Isic_364 |   -.859692    .639417    -1.34   0.179    -2.112926    .3935424
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .1312718   .5951359     0.22   0.825    -1.035173    1.297717
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.8042728   .6292704    -1.28   0.201     -2.03762    .4290745
       _Isic_371 |  -1.278593    .613182    -2.09   0.037    -2.480408   -.0767788
       _Isic_372 |  -.8770163    .892341    -0.98   0.326    -2.625973    .8719399
       _Isic_373 |          0  (omitted)
       _Isic_374 |  -.3424297   .8174131    -0.42   0.675     -1.94453    1.259671
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.5740599   .7050131    -0.81   0.415     -1.95586    .8077403
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.5652721   .6678277    -0.85   0.397     -1.87419    .7436461
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |   -.566579    .857252    -0.66   0.509    -2.246762    1.113604
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .4835324   .7792887     0.62   0.535    -1.043845     2.01091
           cc_cn |          0  (omitted)
           cc_fr |   .3255289   .8180479     0.40   0.691    -1.277816    1.928873
           cc_ge |   .8869146   .5854261     1.51   0.130    -.2604994    2.034329
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.349711   1.050141     4.14   0.000     2.291472     6.40795
           cc_jp |          0  (omitted)
           cc_po |  -6.150597   .8902284    -6.91   0.000    -7.895413   -4.405781
           cc_pt |          0  (omitted)
           cc_sw |    1.89541   .5817662     3.26   0.001     .7551688    3.035651
           cc_uk |   .3835651   .3787821     1.01   0.311    -.3588341    1.125964
           _cons |   .4597801   1.174409     0.39   0.695    -1.842019     2.76158
----------------------------------------------------------------------------------
Note: 9 failures and 0 successes completely determined.
(est4 stored)

. * 4 Different codification of tech variables
. *eststo:xi:probit pace w_work_int   w_net_int  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a  i.sic cc* , cluster(company_i
> d) 
. * 6 Controlling for management
. eststo:xi:probit pace w_workstation    w_net zmanagement lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a i.sic cc*  , cluster
> (company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -194.09238  
Iteration 2:   log pseudolikelihood = -187.23569  
Iteration 3:   log pseudolikelihood = -186.92958  
Iteration 4:   log pseudolikelihood = -186.88824  
Iteration 5:   log pseudolikelihood = -186.88327  
Iteration 6:   log pseudolikelihood = -186.88234  
Iteration 7:   log pseudolikelihood = -186.88216  
Iteration 8:   log pseudolikelihood = -186.88212  
Iteration 9:   log pseudolikelihood = -186.88211  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(110)  =    3176.97
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -186.88211                 Pseudo R2       =     0.3173

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .8219666   .4289491     1.92   0.055    -.0187582    1.662691
           w_net |  -.4040401   .2303796    -1.75   0.079    -.8555758    .0474956
     zmanagement |  -.3226042   .1577876    -2.04   0.041    -.6318622   -.0133462
          lpcemp |   .1855391   .1273364     1.46   0.145    -.0640357    .4351138
         lpcempm |   19.10045   12.45465     1.53   0.125    -5.310228    43.51112
              yy |          0  (omitted)
       ldegree_t |   .3153157   .0960267     3.28   0.001     .1271068    .5035245
   ldegree_tmiss |   .6269614   .3270308     1.92   0.055    -.0140072     1.26793
        _Inobs_2 |  -4.487177    .781666    -5.74   0.000    -6.019214   -2.955139
        _Inobs_3 |  -.5829518   .6541192    -0.89   0.373    -1.865002    .6990982
        _Inobs_4 |   -.903871   .5839619    -1.55   0.122    -2.048415    .2406732
        _Inobs_5 |   .2631889   .4477751     0.59   0.557    -.6144341    1.140812
        _Inobs_6 |   .0532434   .3948919     0.13   0.893    -.7207304    .8272173
        _Inobs_7 |   .2820414   .5490024     0.51   0.607    -.7939834    1.358066
            ln_N |   .0922432   .0978654     0.94   0.346    -.0995695    .2840559
       ln_N_miss |   9.507296   10.20519     0.93   0.352    -10.49451    29.50911
           share |   .0023731   .1283738     0.02   0.985    -.2492349    .2539811
       sharemiss |   .3043981   12.66864     0.02   0.981    -24.52567    25.13447
           MNE_f |   .3680976   .2255111     1.63   0.103     -.073896    .8100912
           MNE_d |   .2346827   .2150833     1.09   0.275    -.1868728    .6562383
          onsite |   -.026525   .1598372    -0.17   0.868    -.3398001    .2867501
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.7656392   .7905928    -0.97   0.333    -2.315173    .7838943
             aa4 |          0  (omitted)
             aa5 |  -1.865884   .5819583    -3.21   0.001    -3.006501   -.7252664
             aa6 |  -1.307388   .6359094    -2.06   0.040    -2.553747   -.0610283
             aa7 |          0  (omitted)
             aa8 |  -2.075535   .6368385    -3.26   0.001    -3.323716   -.8273549
             aa9 |          0  (omitted)
            aa10 |   .4402328   .5903455     0.75   0.456    -.7168231    1.597289
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.079904   .6291488    -3.31   0.001    -3.313013   -.8467951
            aa15 |  -.9667327   .9204336    -1.05   0.294    -2.770749    .8372841
            aa16 |  -1.980384   .6009552    -3.30   0.001    -3.158235   -.8025338
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8386199   .6473212    -1.30   0.195    -2.107346    .4301064
            aa20 |          0  (omitted)
            aa21 |  -.1281228   .7789328    -0.16   0.869    -1.654803    1.398557
            aa22 |          0  (omitted)
            aa23 |  -2.789077   .6609435    -4.22   0.000    -4.084503   -1.493652
            aa24 |          0  (omitted)
            aa25 |  -5.138559   1.361659    -3.77   0.000    -7.807361   -2.469757
            aa26 |  -2.590012   .7541478    -3.43   0.001    -4.068115    -1.11191
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |   -1.84817   .6893405    -2.68   0.007    -3.199253   -.4970879
            aa32 |  -.2171395   .6315223    -0.34   0.731    -1.454901    1.020621
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.707047   .5231738    -3.26   0.001    -2.732449   -.6816452
            aa36 |    5.35365   .7200123     7.44   0.000     3.942452    6.764848
            aa37 |          0  (omitted)
            aa38 |  -1.061968   .8033906    -1.32   0.186    -2.636584    .5126488
            aa39 |  -2.103379   .6411251    -3.28   0.001    -3.359961   -.8467969
            aa40 |   .6314801   .7791565     0.81   0.418    -.8956385    2.158599
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0390228   .0624387    -0.62   0.532    -.1614004    .0833547
 reliabilitymiss |  -3.004533    6.92253    -0.43   0.664    -16.57244    10.56338
             dd1 |  -.0633211   .4398513    -0.14   0.886    -.9254139    .7987716
             dd2 |   -.328999    .313005    -1.05   0.293    -.9424775    .2844796
             dd3 |  -.3798505   .3143367    -1.21   0.227    -.9959391    .2362381
             dd4 |  -.3047845   .2956518    -1.03   0.303    -.8842514    .2746824
             dd5 |  -.3605907   .2691318    -1.34   0.180    -.8880793     .166898
             dd6 |  -.7124901   .3183582    -2.24   0.025    -1.336461   -.0885194
             dd7 |   .4716287   .5102762     0.92   0.355    -.5284944    1.471752
             dd8 |          0  (omitted)
    i_comptenure |    .003536   .0068751     0.51   0.607    -.0099388    .0170109
i_comptenuremiss |          0  (omitted)
     i_seniority |   -.097667   .0928894    -1.05   0.293     -.279727     .084393
 i_senioritymiss |  -10.39051   9.476527    -1.10   0.273    -28.96416    8.183144
        duration |  -.0029373   .0070142    -0.42   0.675     -.016685    .0108103
    durationmiss |  -.7755144   1.396883    -0.56   0.579    -3.513354    1.962325
       _Isic_202 |   -.257355   .6627399    -0.39   0.698    -1.556301    1.041591
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .1612213   .6871579     0.23   0.815    -1.185583    1.508026
       _Isic_206 |  -.0504121    .881876    -0.06   0.954    -1.778857    1.678033
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |    .770185   .9430796     0.82   0.414    -1.078217    2.618587
       _Isic_224 |   .2383493   .7845592     0.30   0.761    -1.299359    1.776057
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1944954   .6707199     0.29   0.772    -1.120091    1.509082
       _Isic_229 |  -.8289862   .7462376    -1.11   0.267    -2.291585    .6336127
       _Isic_232 |  -.4704849   .7766031    -0.61   0.545    -1.992599    1.051629
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .5396861   .7095717     0.76   0.447    -.8510489    1.930421
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.392896   .9739776     1.43   0.153    -.5160652    3.301857
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .1510677    .548835     0.28   0.783    -.9246292    1.226765
       _Isic_265 |  -.7031337   .6414068    -1.10   0.273    -1.960268    .5540006
       _Isic_267 |  -.8532922   .6477618    -1.32   0.188    -2.122882    .4162975
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.3382813   .8330604    -0.41   0.685     -1.97105    1.294487
       _Isic_274 |   1.961392    1.03052     1.90   0.057    -.0583904    3.981174
       _Isic_275 |  -.6591348   .5957818    -1.11   0.269    -1.826846     .508576
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.779889   1.019651     1.75   0.081    -.2185898    3.778369
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.200023   .7425239    -1.62   0.106    -2.655343     .255297
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.534436   .7009442    -2.19   0.029    -2.908261   -.1606105
       _Isic_286 |  -.9239461   .7041744    -1.31   0.189    -2.304103    .4562105
       _Isic_287 |  -.6091261   .6893248    -0.88   0.377    -1.960178    .7419257
       _Isic_289 |  -.4543833   .5995537    -0.76   0.449    -1.629487    .7207204
       _Isic_299 |  -.1219011    .768826    -0.16   0.874    -1.628772     1.38497
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |     .04867   .6422395     0.08   0.940    -1.210096    1.307436
       _Isic_308 |   -.329464   .5137504    -0.64   0.521    -1.336396    .6774682
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.3005238   .9848183    -0.31   0.760    -2.230732    1.629685
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.2199445   .8087743    -0.27   0.786    -1.805113    1.365224
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.5711947   .6180787    -0.92   0.355    -1.782607    .6402174
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.6419185   .7100061    -0.90   0.366    -2.033505     .749668
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .2550247    .902622     0.28   0.778    -1.514082    2.024131
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.0838811   .6065988    -0.14   0.890    -1.272793    1.105031
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.252178   .9909806     6.31   0.000     4.309891    8.194464
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.8877429   .5367794    -1.65   0.098    -1.939811    .1643253
       _Isic_351 |          0  (omitted)
       _Isic_352 |   -.357476   .7250896    -0.49   0.622    -1.778625    1.063673
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.419076   .7736913    -1.83   0.067    -2.935483    .0973311
       _Isic_355 |  -.7776662   .5481706    -1.42   0.156    -1.852061    .2967286
       _Isic_356 |  -.6902365   .5265359    -1.31   0.190    -1.722228    .3417549
       _Isic_357 |  -.7520774   .9109533    -0.83   0.409    -2.537513    1.033358
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.6801673   .5534684    -1.23   0.219    -1.764945    .4046109
       _Isic_363 |  -.8825775   .7930426    -1.11   0.266    -2.436912    .6717574
       _Isic_364 |  -.9219291   .6300436    -1.46   0.143    -2.156792    .3129337
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .0905975   .6123781     0.15   0.882    -1.109641    1.290836
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.8377685   .6775533    -1.24   0.216    -2.165749    .4902115
       _Isic_371 |  -1.305593   .6300205    -2.07   0.038     -2.54041   -.0707751
       _Isic_372 |  -1.197963    .920753    -1.30   0.193    -3.002606    .6066795
       _Isic_373 |          0  (omitted)
       _Isic_374 |   -.358103   .7946563    -0.45   0.652    -1.915601    1.199395
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.6358678   .7254719    -0.88   0.381    -2.057767    .7860309
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.5516398   .6475227    -0.85   0.394    -1.820761    .7174814
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.7099482   .8249582    -0.86   0.389    -2.326837    .9069402
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .5262022   .7978224     0.66   0.510    -1.037501    2.089905
           cc_cn |          0  (omitted)
           cc_fr |  -.0961055   .8108272    -0.12   0.906    -1.685298    1.493087
           cc_ge |    .602624   .5723492     1.05   0.292    -.5191599    1.724408
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |    4.35778   1.385629     3.14   0.002     1.641997    7.073563
           cc_jp |          0  (omitted)
           cc_po |  -5.806694   .9333211    -6.22   0.000     -7.63597   -3.977418
           cc_pt |          0  (omitted)
           cc_sw |   1.754551   .5916109     2.97   0.003      .595015    2.914087
           cc_uk |   .2244017   .3772712     0.59   0.552    -.5150364    .9638397
           _cons |   .0987307   1.230984     0.08   0.936    -2.313954    2.511416
----------------------------------------------------------------------------------
Note: 8 failures and 0 successes completely determined.
(est5 stored)

. * 2 Only paceoftask
. eststo:xi:probit pace_tk w_workstation  w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic , cluster(company_id
> ) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts success perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 19 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 5 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 4 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 4 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 4 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 2 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 2 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 12 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 3 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 13 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 7 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood =  -395.6671  
Iteration 1:   log pseudolikelihood = -281.15183  
Iteration 2:   log pseudolikelihood = -272.42038  
Iteration 3:   log pseudolikelihood = -272.20321  
Iteration 4:   log pseudolikelihood =  -272.1987  
Iteration 5:   log pseudolikelihood = -272.19788  
Iteration 6:   log pseudolikelihood = -272.19772  
Iteration 7:   log pseudolikelihood = -272.19768  
Iteration 8:   log pseudolikelihood = -272.19768  

Probit regression                                 Number of obs   =        840
                                                  Wald chi2(133)  =    1746.48
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -272.19768                 Pseudo R2       =     0.3121

                               (Std. Err. adjusted for 796 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
         pace_tk |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .7043321   .3728833     1.89   0.059    -.0265058     1.43517
           w_net |  -.4089036   .1927093    -2.12   0.034    -.7866068   -.0312004
          lpcemp |   .2462047   .1033139     2.38   0.017     .0437132    .4486962
         lpcempm |   24.71639   10.11249     2.44   0.015     4.896276     44.5365
              yy |          0  (omitted)
       ldegree_t |   .1307797    .079505     1.64   0.100    -.0250472    .2866066
   ldegree_tmiss |   .4012477   .2650877     1.51   0.130    -.1183147    .9208101
        _Inobs_2 |  -.9982841   .5870814    -1.70   0.089    -2.148942    .1523742
        _Inobs_3 |  -.4575069   .4533571    -1.01   0.313     -1.34607    .4310567
        _Inobs_4 |   -.029029   .4879338    -0.06   0.953    -.9853617    .9273038
        _Inobs_5 |   .0950118   .4027529     0.24   0.814    -.6943694     .884393
        _Inobs_6 |    .084223    .347316     0.24   0.808    -.5965039    .7649499
        _Inobs_7 |   .0776172   .4734876     0.16   0.870    -.8504015    1.005636
            ln_N |   .0783777   .0830356     0.94   0.345    -.0843691    .2411244
       ln_N_miss |   8.444855   8.692202     0.97   0.331    -8.591548    25.48126
           share |   .1171783   .1006884     1.16   0.245    -.0801673    .3145239
       sharemiss |    11.5015   9.904269     1.16   0.246    -7.910512    30.91351
           MNE_f |    .326607   .1780309     1.83   0.067    -.0223272    .6755412
           MNE_d |     .34099   .1739937     1.96   0.050    -.0000314    .6820115
          onsite |  -.3203329   .1410448    -2.27   0.023    -.5967756   -.0438903
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.5006612   .7495021    -0.67   0.504    -1.969658    .9683359
             aa4 |          0  (omitted)
             aa5 |  -1.034559   .5540571    -1.87   0.062    -2.120491    .0513727
             aa6 |  -.0369968   .5650372    -0.07   0.948    -1.144449    1.070456
             aa7 |   7.071412   1.300335     5.44   0.000     4.522802    9.620022
             aa8 |  -.7902449   .5613944    -1.41   0.159    -1.890558    .3100679
             aa9 |          0  (omitted)
            aa10 |   .1584539   .5385958     0.29   0.769    -.8971746    1.214082
            aa11 |          0  (omitted)
            aa12 |  -.2798958   .9832465    -0.28   0.776    -2.207024    1.647232
            aa13 |          0  (omitted)
            aa14 |  -1.384655   .5803648    -2.39   0.017    -2.522149   -.2471614
            aa15 |   .6764794   .6585773     1.03   0.304    -.6143085    1.967267
            aa16 |  -1.278304    .544377    -2.35   0.019    -2.345263   -.2113444
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.6114544   .6223596    -0.98   0.326    -1.831257     .608348
            aa20 |  -.9021955   .5641796    -1.60   0.110    -2.007967    .2035761
            aa21 |    .308239   .9128525     0.34   0.736    -1.480919    2.097397
            aa22 |   1.129558   .7967963     1.42   0.156    -.4321339     2.69125
            aa23 |  -1.287844    .605447    -2.13   0.033    -2.474498   -.1011898
            aa24 |          0  (omitted)
            aa25 |   1.183472   .9022939     1.31   0.190    -.5849919    2.951935
            aa26 |  -1.693376   .6392254    -2.65   0.008    -2.946235   -.4405177
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.154876   .9907402     1.17   0.244    -.7869391    3.096691
            aa31 |  -1.090164   .5433753    -2.01   0.045     -2.15516   -.0251675
            aa32 |  -.2729944   .5654732    -0.48   0.629    -1.381302    .8353128
            aa33 |          0  (omitted)
            aa34 |   1.865821   .8265716     2.26   0.024      .245771    3.485872
            aa35 |  -1.321255   .4834655    -2.73   0.006     -2.26883     -.37368
            aa36 |   6.005428    .605924     9.91   0.000     4.817838    7.193017
            aa37 |          0  (omitted)
            aa38 |  -.6156191   .7039223    -0.87   0.382    -1.995281    .7640433
            aa39 |  -1.107693   .5778127    -1.92   0.055    -2.240185    .0247993
            aa40 |   .9392906   .7557985     1.24   0.214    -.5420473    2.420629
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0622175   .0523732    -1.19   0.235    -.1648671    .0404321
 reliabilitymiss |  -7.866593   5.716039    -1.38   0.169    -19.06982    3.336639
             dd1 |  -.3931101   .4679819    -0.84   0.401    -1.310338    .5241176
             dd2 |  -.3845078   .2792817    -1.38   0.169    -.9318898    .1628742
             dd3 |  -.3811388   .2617533    -1.46   0.145    -.8941658    .1318883
             dd4 |  -.4667321   .2804052    -1.66   0.096    -1.016316    .0828519
             dd5 |  -.4214492   .2371174    -1.78   0.076    -.8861908    .0432924
             dd6 |   -.668259   .2638958    -2.53   0.011    -1.185485   -.1510327
             dd7 |   .3472894   .4182926     0.83   0.406     -.472549    1.167128
             dd8 |          0  (omitted)
    i_comptenure |   .0040327   .0057918     0.70   0.486    -.0073191    .0153845
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0546765   .0783991    -0.70   0.486     -.208336    .0989829
 i_senioritymiss |  -4.564088     8.0514    -0.57   0.571    -20.34454    11.21637
        duration |   .0087767   .0059526     1.47   0.140    -.0028902    .0204435
    durationmiss |   1.819861   1.091702     1.67   0.096     -.319836    3.959558
           cc_cn |          0  (omitted)
           cc_fr |  -.5866914   .6349382    -0.92   0.355    -1.831147    .6577646
           cc_ge |   .7311353   .5161767     1.42   0.157    -.2805524    1.742823
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -1.390898    .914547    -1.52   0.128    -3.183378    .4015809
           cc_jp |          0  (omitted)
           cc_po |  -5.690347   .6775869    -8.40   0.000    -7.018393   -4.362302
           cc_pt |  -5.609768   1.120865    -5.00   0.000    -7.806623   -3.412913
           cc_sw |   1.303211   .5631492     2.31   0.021     .1994585    2.406963
           cc_uk |   .3231076   .3525795     0.92   0.359    -.3679355    1.014151
       _Isic_202 |  -.3242472   .5735864    -0.57   0.572    -1.448456    .7999615
       _Isic_203 |  -1.411157   .6750793    -2.09   0.037    -2.734288   -.0880256
       _Isic_204 |          0  (omitted)
       _Isic_205 |  -.0789577   .6094131    -0.13   0.897    -1.273385     1.11547
       _Isic_206 |   .9370716   .7130069     1.31   0.189    -.4603962    2.334539
       _Isic_207 |          0  (omitted)
       _Isic_208 |  -1.417223   .6453402    -2.20   0.028    -2.682066   -.1523792
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .3732535   .8686853     0.43   0.667    -1.329338    2.075845
       _Isic_224 |   .0347382   .8766749     0.04   0.968    -1.683513    1.752989
       _Isic_225 |  -.0611278   .9030095    -0.07   0.946    -1.830994    1.708738
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .2391685   .6063387     0.39   0.693    -.9492336    1.427571
       _Isic_229 |  -1.635582   .7613823    -2.15   0.032    -3.127864   -.1433005
       _Isic_232 |  -.7082487   .6406961    -1.11   0.269     -1.96399    .5474927
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |  -.5639451   .7277438    -0.77   0.438    -1.990297    .8624066
       _Isic_243 |          0  (omitted)
       _Isic_245 |  -.5816386   .6327004    -0.92   0.358    -1.821709    .6584315
       _Isic_249 |          0  (omitted)
       _Isic_251 |  -.1735831   .6604764    -0.26   0.793    -1.468093    1.120927
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.212904   .9441527     1.28   0.199    -.6376016    3.063409
       _Isic_261 |          0  (omitted)
       _Isic_262 |  -.2929934   .5050157    -0.58   0.562    -1.282806    .6968192
       _Isic_265 |  -1.143367   .5557255    -2.06   0.040    -2.232569   -.0541656
       _Isic_267 |   -.813204   .5920682    -1.37   0.170    -1.973636    .3472285
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |   -.345484   .7218683    -0.48   0.632     -1.76032    1.069352
       _Isic_274 |   .8681991   .8178629     1.06   0.288    -.7347827    2.471181
       _Isic_275 |  -.6350676   .4656472    -1.36   0.173    -1.547719    .2775842
       _Isic_278 |          0  (omitted)
       _Isic_279 |    1.13055   1.133647     1.00   0.319    -1.091357    3.352457
       _Isic_281 |  -1.000597   .7883463    -1.27   0.204    -2.545727    .5445333
       _Isic_282 |  -1.884935   .7036135    -2.68   0.007    -3.263992   -.5058782
       _Isic_283 |  -2.066051   .6416163    -3.22   0.001    -3.323596   -.8085066
       _Isic_284 |  -1.368736   .5931345    -2.31   0.021    -2.531259    -.206214
       _Isic_285 |  -2.278494   .6752085    -3.37   0.001    -3.601879     -.95511
       _Isic_286 |  -1.092537   .7497621    -1.46   0.145    -2.562044    .3769697
       _Isic_287 |  -1.391146   .5966831    -2.33   0.020    -2.560624   -.2216689
       _Isic_289 |  -.8997297    .603746    -1.49   0.136     -2.08305    .2835907
       _Isic_299 |  -.3319885   .7282834    -0.46   0.648    -1.759398    1.095421
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |  -.3456744   .5676153    -0.61   0.543     -1.45818    .7668311
       _Isic_308 |  -.8139206   .4542519    -1.79   0.073    -1.704238    .0763968
       _Isic_311 |          0  (omitted)
       _Isic_321 |   -.834309   .7747608    -1.08   0.282    -2.352812    .6841942
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.5533463   .8283278    -0.67   0.504    -2.176839    1.070146
       _Isic_324 |          0  (omitted)
       _Isic_325 |  -.7899516   .9978084    -0.79   0.429     -2.74562    1.165717
       _Isic_326 |  -.3260505   .7532969    -0.43   0.665    -1.802485    1.150384
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -1.153272   .6055558    -1.90   0.057    -2.340139    .0335959
       _Isic_332 |  -.4392801   1.003672    -0.44   0.662    -2.406442    1.527882
       _Isic_333 |  -1.322188   .6836522    -1.93   0.053    -2.662122    .0177453
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |  -.5376938   .7682784    -0.70   0.484    -2.043492    .9681042
       _Isic_341 |    .910256   .7817517     1.16   0.244    -.6219492    2.442461
       _Isic_342 |  -.0386188   .9500078    -0.04   0.968      -1.9006    1.823362
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.6238598    .612369    -1.02   0.308    -1.824081    .5763613
       _Isic_345 |  -.7304169   .7286973    -1.00   0.316    -2.158637    .6978036
       _Isic_346 |   -1.32661   .5855551    -2.27   0.023    -2.474277   -.1789431
       _Isic_347 |    2.26208   .7830123     2.89   0.004     .7274037    3.796755
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.9635779   .4450029    -2.17   0.030    -1.835768   -.0913882
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.6882905   .6904124    -1.00   0.319    -2.041474     .664893
       _Isic_353 |  -1.359302   .5852978    -2.32   0.020    -2.506465   -.2121396
       _Isic_354 |  -1.997515   .6850767    -2.92   0.004     -3.34024    -.654789
       _Isic_355 |  -1.160375   .5015377    -2.31   0.021    -2.143371    -.177379
       _Isic_356 |  -1.081694    .471287    -2.30   0.022    -2.005399   -.1579881
       _Isic_357 |  -.8415063   .6072694    -1.39   0.166    -2.031732    .3487198
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -1.452287   .5096457    -2.85   0.004    -2.451175   -.4534002
       _Isic_363 |  -1.223263   .7867744    -1.55   0.120    -2.765312    .3187869
       _Isic_364 |  -1.631031   .6591537    -2.47   0.013    -2.922948   -.3391131
       _Isic_365 |          0  (omitted)
       _Isic_366 |  -.4164406   .5569603    -0.75   0.455    -1.508063    .6751817
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -1.336662   .5863038    -2.28   0.023    -2.485796   -.1875277
       _Isic_371 |  -1.845198   .5209962    -3.54   0.000    -2.866331    -.824064
       _Isic_372 |  -.9640933   .7045664    -1.37   0.171    -2.345018    .4168314
       _Isic_373 |          0  (omitted)
       _Isic_374 |   .1931853   .7945375     0.24   0.808     -1.36408     1.75045
       _Isic_375 |          0  (omitted)
       _Isic_379 |  -.1312721   1.123056    -0.12   0.907    -2.332421    2.069876
       _Isic_381 |  -.2352973   .5771789    -0.41   0.684    -1.366547    .8959526
       _Isic_382 |          0  (omitted)
       _Isic_384 |   -.374453   .5900006    -0.63   0.526    -1.530833    .7819269
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |   .0238579   .7246842     0.03   0.974    -1.396497    1.444213
       _Isic_514 |          0  (omitted)
       _Isic_671 |  -.1892598   .7307361    -0.26   0.796    -1.621476    1.242957
           _cons |   .1594388   1.075822     0.15   0.882    -1.949134    2.268012
----------------------------------------------------------------------------------
(est6 stored)

. * Drop size controls
. eststo:xi:probit pace w_workstation  w_net       lpcemp lpcempm yy* ldegree_t* $collapse $firmn_o $noise_a cc* i.sic , cluster(compa
> ny_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -195.78261  
Iteration 2:   log pseudolikelihood = -189.10674  
Iteration 3:   log pseudolikelihood = -188.77433  
Iteration 4:   log pseudolikelihood = -188.72824  
Iteration 5:   log pseudolikelihood = -188.72292  
Iteration 6:   log pseudolikelihood = -188.72193  
Iteration 7:   log pseudolikelihood = -188.72174  
Iteration 8:   log pseudolikelihood = -188.72169  
Iteration 9:   log pseudolikelihood = -188.72169  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(105)  =    3474.26
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -188.72169                 Pseudo R2       =     0.3106

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .9166608   .4145724     2.21   0.027     .1041139    1.729208
           w_net |  -.3579436   .2255772    -1.59   0.113    -.8000669    .0841796
          lpcemp |   .1884061   .1229672     1.53   0.125    -.0526051    .4294174
         lpcempm |   19.38031   12.04904     1.61   0.108    -4.235383      42.996
              yy |          0  (omitted)
       ldegree_t |   .2861346   .0943314     3.03   0.002     .1012485    .4710207
   ldegree_tmiss |   .5832854   .3242942     1.80   0.072    -.0523195     1.21889
        _Inobs_2 |  -4.876158   .9162842    -5.32   0.000    -6.672042   -3.080274
        _Inobs_3 |  -.6494177   .6715522    -0.97   0.334    -1.965636    .6668005
        _Inobs_4 |  -.9679467   .5744529    -1.68   0.092    -2.093854    .1579602
        _Inobs_5 |   .1620368   .4372978     0.37   0.711    -.6950512    1.019125
        _Inobs_6 |  -.0151957   .3857277    -0.04   0.969    -.7712081    .7408167
        _Inobs_7 |   .1545846   .5343087     0.29   0.772    -.8926412     1.20181
           MNE_f |   .3382446   .2171294     1.56   0.119    -.0873212    .7638103
           MNE_d |   .2384455   .2047273     1.16   0.244    -.1628125    .6397036
          onsite |  -.0454964   .1569442    -0.29   0.772    -.3531013    .2621085
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.7445371   .7743137    -0.96   0.336    -2.262164    .7730898
             aa4 |          0  (omitted)
             aa5 |  -1.772481    .576828    -3.07   0.002    -2.903043   -.6419189
             aa6 |  -1.308307    .634116    -2.06   0.039    -2.551151   -.0654625
             aa7 |          0  (omitted)
             aa8 |   -1.95535   .6088968    -3.21   0.001    -3.148766   -.7619345
             aa9 |          0  (omitted)
            aa10 |   .3972695   .5833323     0.68   0.496    -.7460408     1.54058
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.087394    .627556    -3.33   0.001    -3.317381   -.8574066
            aa15 |  -1.058544   .9136862    -1.16   0.247    -2.849336    .7322483
            aa16 |  -1.878834    .593573    -3.17   0.002    -3.042215    -.715452
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8802029   .6228567    -1.41   0.158     -2.10098    .3405739
            aa20 |          0  (omitted)
            aa21 |   -.168056   .7679582    -0.22   0.827    -1.673226    1.337114
            aa22 |          0  (omitted)
            aa23 |  -2.735585   .6623746    -4.13   0.000    -4.033815   -1.437354
            aa24 |          0  (omitted)
            aa25 |  -4.904889   1.003909    -4.89   0.000    -6.872514   -2.937263
            aa26 |  -2.532069    .751355    -3.37   0.001    -4.004698    -1.05944
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.914373   .6862543    -2.79   0.005    -3.259406   -.5693389
            aa32 |  -.2979492   .5937069    -0.50   0.616    -1.461593     .865695
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.641512   .5197133    -3.16   0.002    -2.660132   -.6228931
            aa36 |   5.606244   .7140128     7.85   0.000     4.206805    7.005683
            aa37 |          0  (omitted)
            aa38 |  -1.138685   .8060953    -1.41   0.158    -2.718603    .4412325
            aa39 |  -2.123644   .6356022    -3.34   0.001    -3.369402   -.8778867
            aa40 |   .6210409   .7865593     0.79   0.430    -.9205871    2.162669
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0777321   .0592043    -1.31   0.189    -.1937705    .0383062
 reliabilitymiss |  -7.330389   6.604343    -1.11   0.267    -20.27466    5.613886
             dd1 |  -.0182765   .4263819    -0.04   0.966    -.8539697    .8174166
             dd2 |  -.3604058   .3075883    -1.17   0.241    -.9632678    .2424563
             dd3 |  -.4014878   .3053476    -1.31   0.189     -.999958    .1969824
             dd4 |  -.3133651   .2922788    -1.07   0.284    -.8862209    .2594908
             dd5 |  -.3889168   .2623773    -1.48   0.138    -.9031668    .1253332
             dd6 |  -.8051467   .3191622    -2.52   0.012    -1.430693   -.1796003
             dd7 |   .4636209   .5141991     0.90   0.367    -.5441907    1.471433
             dd8 |          0  (omitted)
    i_comptenure |   .0035767   .0067962     0.53   0.599    -.0097436    .0168971
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0934635    .093038    -1.00   0.315    -.2758146    .0888875
 i_senioritymiss |  -9.939667   9.489354    -1.05   0.295    -28.53846    8.659124
        duration |  -.0038758   .0069499    -0.56   0.577    -.0174974    .0097457
    durationmiss |  -.8180499   1.354776    -0.60   0.546    -3.473362    1.837262
           cc_cn |          0  (omitted)
           cc_fr |   .0797678   .7951299     0.10   0.920    -1.478658    1.638194
           cc_ge |   .7650937   .5694629     1.34   0.179    -.3510331     1.88122
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.180532   1.023971     4.08   0.000     2.173586    6.187478
           cc_jp |          0  (omitted)
           cc_po |  -5.831323   .9334373    -6.25   0.000    -7.660827    -4.00182
           cc_pt |          0  (omitted)
           cc_sw |   1.854665    .571415     3.25   0.001     .7347125    2.974618
           cc_uk |   .3299526   .3448139     0.96   0.339    -.3458703    1.005775
       _Isic_202 |  -.3297509   .6382329    -0.52   0.605    -1.580664    .9211627
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0328233   .6539047     0.05   0.960    -1.248806    1.314453
       _Isic_206 |  -.1215556   .8699793    -0.14   0.889    -1.826684    1.583572
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .8164104   .9818494     0.83   0.406    -1.107979      2.7408
       _Isic_224 |   .2438826   .8055886     0.30   0.762    -1.335042    1.822807
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1277807   .6624132     0.19   0.847    -1.170525    1.426087
       _Isic_229 |  -.8486219   .7198663    -1.18   0.238    -2.259534    .5622902
       _Isic_232 |  -.3918928   .7605102    -0.52   0.606    -1.882465     1.09868
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .4042124   .7177078     0.56   0.573    -1.002469    1.810894
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.307682   .9670834     1.35   0.176    -.5877666     3.20313
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .1814587    .532875     0.34   0.733    -.8629571    1.225875
       _Isic_265 |  -.6762908   .6106834    -1.11   0.268    -1.873208    .5206268
       _Isic_267 |  -.9151419   .6301248    -1.45   0.146    -2.150164    .3198801
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.2776058   .7926434    -0.35   0.726    -1.831158    1.275947
       _Isic_274 |   2.029147   .9937998     2.04   0.041     .0813353    3.976959
       _Isic_275 |  -.5799047   .5621047    -1.03   0.302     -1.68161    .5218002
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.632396   .9890194     1.65   0.099    -.3060459    3.570839
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.347341   .7151243    -1.88   0.060    -2.748959    .0542772
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.580628    .705329    -2.24   0.025    -2.963047   -.1982082
       _Isic_286 |  -.8635097   .6894623    -1.25   0.210    -2.214831    .4878116
       _Isic_287 |  -.6067283   .6592603    -0.92   0.357    -1.898855    .6853981
       _Isic_289 |  -.3857322   .5852094    -0.66   0.510    -1.532722    .7612572
       _Isic_299 |  -.3535147   .7529007    -0.47   0.639    -1.829173    1.122144
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |  -.0347309   .6325669    -0.05   0.956    -1.274539    1.205077
       _Isic_308 |  -.3792823   .4937345    -0.77   0.442    -1.346984    .5884196
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.2287186   .9359037    -0.24   0.807    -2.063056    1.605619
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |   -.131615   .8122916    -0.16   0.871    -1.723677    1.460447
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.5443832   .6029872    -0.90   0.367    -1.726216      .63745
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.6183621   .6619718    -0.93   0.350    -1.915803    .6790788
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .2301467   .9409048     0.24   0.807    -1.613993    2.074286
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.0844221   .6058032    -0.14   0.889    -1.271775     1.10293
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.597346   1.126744     5.86   0.000     4.388969    8.805724
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.9074979   .5127221    -1.77   0.077    -1.912415     .097419
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.2218824   .7296639    -0.30   0.761    -1.651997    1.208233
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.468908   .7439923    -1.97   0.048    -2.927106   -.0107094
       _Isic_355 |  -.8054477   .5380674    -1.50   0.134     -1.86004     .249145
       _Isic_356 |  -.7226153    .518635    -1.39   0.164    -1.739121    .2938907
       _Isic_357 |  -.7565445   .8601925    -0.88   0.379    -2.442491    .9294019
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.7495507   .5352951    -1.40   0.161     -1.79871    .2996085
       _Isic_363 |  -1.032094   .7860329    -1.31   0.189     -2.57269    .5085022
       _Isic_364 |  -.9844925   .6267212    -1.57   0.116    -2.212844    .2438585
       _Isic_365 |          0  (omitted)
       _Isic_366 |  -.0070775   .5943546    -0.01   0.990    -1.171991    1.157836
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.9660265   .6493821    -1.49   0.137    -2.238792     .306739
       _Isic_371 |  -1.336626    .619166    -2.16   0.031    -2.550169   -.1230824
       _Isic_372 |   -1.13093   .9326817    -1.21   0.225    -2.958953    .6970924
       _Isic_373 |          0  (omitted)
       _Isic_374 |  -.4089708   .8450774    -0.48   0.628    -2.065292     1.24735
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.6736082   .7072643    -0.95   0.341    -2.059821    .7126043
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.6357461   .6429095    -0.99   0.323    -1.895825    .6243333
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.7327593   .7954491    -0.92   0.357    -2.291811    .8262924
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .5362329   .7721544     0.69   0.487    -.9771618    2.049628
           _cons |   1.022264   1.015701     1.01   0.314    -.9684738    3.013002
----------------------------------------------------------------------------------
Note: 8 failures and 0 successes completely determined.
(est7 stored)

. * Condition on industries with at least 3 firms
. bys sa3 sic: egen count_sic1=sum(v)

. eststo:xi:probit pace w_workstation  w_net       lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic if count_sic1>3, c
> luster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: _Inobs_2 != 0 predicts failure perfectly
      _Inobs_2 dropped and 31 obs not used

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 11 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 29 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 12 obs not used

note: aa5 != 0 predicts failure perfectly
      aa5 dropped and 11 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 4 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 32 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 3 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 27 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 16 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 3 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 4 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 19 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 2 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 1 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 3 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 5 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 7 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 3 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 19 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 4 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 6 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 15 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 4 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 3 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 11 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 9 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 14 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 11 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 11 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_214 omitted because of collinearity
note: _Isic_221 omitted because of collinearity
note: _Isic_224 omitted because of collinearity
note: _Isic_233 omitted because of collinearity
note: _Isic_235 omitted because of collinearity
note: _Isic_238 omitted because of collinearity
note: _Isic_239 omitted because of collinearity
note: _Isic_249 omitted because of collinearity
note: _Isic_254 omitted because of collinearity
note: _Isic_261 omitted because of collinearity
note: _Isic_272 omitted because of collinearity
note: _Isic_274 omitted because of collinearity
note: _Isic_278 omitted because of collinearity
note: _Isic_279 omitted because of collinearity
note: _Isic_299 omitted because of collinearity
note: _Isic_301 omitted because of collinearity
note: _Isic_305 omitted because of collinearity
note: _Isic_322 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_329 omitted because of collinearity
note: _Isic_334 omitted because of collinearity
note: _Isic_335 omitted because of collinearity
note: _Isic_347 omitted because of collinearity
note: _Isic_348 omitted because of collinearity
note: _Isic_351 omitted because of collinearity
note: _Isic_358 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_361 omitted because of collinearity
note: _Isic_365 omitted because of collinearity
note: _Isic_374 omitted because of collinearity
note: _Isic_375 omitted because of collinearity
note: _Isic_379 omitted because of collinearity
note: _Isic_394 omitted because of collinearity
note: _Isic_395 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -253.15958  
Iteration 1:   log pseudolikelihood = -182.59318  
Iteration 2:   log pseudolikelihood = -177.11463  
Iteration 3:   log pseudolikelihood = -176.95438  
Iteration 4:   log pseudolikelihood = -176.94237  
Iteration 5:   log pseudolikelihood = -176.94012  
Iteration 6:   log pseudolikelihood = -176.93971  
Iteration 7:   log pseudolikelihood = -176.93964  
Iteration 8:   log pseudolikelihood = -176.93963  

Probit regression                                 Number of obs   =        608
                                                  Wald chi2(99)   =    2027.47
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -176.93963                 Pseudo R2       =     0.3011

                               (Std. Err. adjusted for 574 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .8757135   .3976684     2.20   0.028     .0962978    1.655129
           w_net |  -.4305009    .227622    -1.89   0.059    -.8766319      .01563
          lpcemp |   .2410323   .1271863     1.90   0.058    -.0082482    .4903129
         lpcempm |   24.27759   12.43677     1.95   0.051    -.0980279    48.65322
              yy |          0  (omitted)
       ldegree_t |   .3064386    .099174     3.09   0.002     .1120611     .500816
   ldegree_tmiss |   .5743042   .3378821     1.70   0.089    -.0879325    1.236541
        _Inobs_2 |          0  (omitted)
        _Inobs_3 |  -.7969433   .6608828    -1.21   0.228     -2.09225    .4983631
        _Inobs_4 |    -1.0349   .5691581    -1.82   0.069    -2.150429    .0806295
        _Inobs_5 |   .0451549   .4341464     0.10   0.917    -.8057565    .8960662
        _Inobs_6 |  -.1932666   .3820462    -0.51   0.613    -.9420633    .5555302
        _Inobs_7 |   .1094976    .539244     0.20   0.839    -.9474011    1.166396
            ln_N |   .0661987   .0957268     0.69   0.489    -.1214223    .2538197
       ln_N_miss |   7.185218   10.02255     0.72   0.473    -12.45862    26.82906
           share |  -.0358949   .1267325    -0.28   0.777     -.284286    .2124962
       sharemiss |  -3.535895   12.48494    -0.28   0.777    -28.00592    20.93413
           MNE_f |    .367212   .2254746     1.63   0.103    -.0747101    .8091341
           MNE_d |   .2363452   .2161796     1.09   0.274    -.1873591    .6600494
          onsite |  -.0149757   .1611833    -0.09   0.926    -.3308891    .3009378
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.3860091   .7947763    -0.49   0.627    -1.943742    1.171724
             aa4 |          0  (omitted)
             aa5 |          0  (omitted)
             aa6 |  -1.118533    .624082    -1.79   0.073    -2.341711    .1046452
             aa7 |          0  (omitted)
             aa8 |  -1.807107   .5813873    -3.11   0.002    -2.946605   -.6676088
             aa9 |          0  (omitted)
            aa10 |   .6027586   .5788562     1.04   0.298    -.5317786    1.737296
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -1.949116   .6218585    -3.13   0.002    -3.167936   -.7302955
            aa15 |  -.9551481   .8961113    -1.07   0.286    -2.711494    .8011977
            aa16 |  -1.765645   .5791466    -3.05   0.002    -2.900752   -.6305388
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.6550077   .6638918    -0.99   0.324    -1.956212    .6461963
            aa20 |          0  (omitted)
            aa21 |   -.028793   .7681343    -0.04   0.970    -1.534309    1.476723
            aa22 |          0  (omitted)
            aa23 |  -2.549365    .649586    -3.92   0.000     -3.82253     -1.2762
            aa24 |          0  (omitted)
            aa25 |   -4.53185   .9727808    -4.66   0.000    -6.438466   -2.625235
            aa26 |  -1.969571    .586667    -3.36   0.001    -3.119418   -.8197252
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.878809   .6674097    -2.82   0.005    -3.186908   -.5707105
            aa32 |  -.2848895   .6145764    -0.46   0.643    -1.489437    .9196582
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.720641   .5259412    -3.27   0.001    -2.751467    -.689815
            aa36 |   5.483952    .704129     7.79   0.000     4.103884    6.864019
            aa37 |          0  (omitted)
            aa38 |  -1.065996   .8050967    -1.32   0.185    -2.643956    .5119646
            aa39 |  -1.942106   .6242201    -3.11   0.002    -3.165555   -.7186567
            aa40 |   .5495018   .7749467     0.71   0.478    -.9693659    2.068369
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0645049   .0593038    -1.09   0.277    -.1807383    .0517285
 reliabilitymiss |  -1.870216   6.646761    -0.28   0.778    -14.89763     11.1572
             dd1 |   .0993694   .4274279     0.23   0.816    -.7383739    .9371126
             dd2 |  -.2712863   .3108177    -0.87   0.383    -.8804778    .3379051
             dd3 |  -.2664042   .3167415    -0.84   0.400    -.8872061    .3543977
             dd4 |  -.2515413   .3022226    -0.83   0.405    -.8438868    .3408041
             dd5 |  -.2227773   .2724604    -0.82   0.414    -.7567899    .3112353
             dd6 |  -.7552123   .3278505    -2.30   0.021    -1.397788   -.1126371
             dd7 |   .5329375   .5081457     1.05   0.294    -.4630097    1.528885
             dd8 |          0  (omitted)
    i_comptenure |   .0012427   .0069148     0.18   0.857    -.0123101    .0147954
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.1010434   .0934305    -1.08   0.279    -.2841637    .0820769
 i_senioritymiss |  -14.84468   9.531166    -1.56   0.119    -33.52542    3.836065
        duration |  -.0056405   .0070417    -0.80   0.423     -.019442    .0081609
    durationmiss |  -.9081781   1.353103    -0.67   0.502    -3.560211    1.743855
           cc_cn |          0  (omitted)
           cc_fr |   .3537753   .8020433     0.44   0.659    -1.218201    1.925751
           cc_ge |   .9218494   .5721629     1.61   0.107    -.1995692    2.043268
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.473957   1.026654     4.36   0.000     2.461752    6.486163
           cc_jp |          0  (omitted)
           cc_po |   -5.28379   .9216821    -5.73   0.000    -7.090254   -3.477327
           cc_pt |          0  (omitted)
           cc_sw |   1.932355   .5853357     3.30   0.001     .7851187    3.079592
           cc_uk |   .6718417   .3916473     1.72   0.086    -.0957729    1.439456
       _Isic_202 |  -.3629914   .6365402    -0.57   0.569    -1.610587    .8846044
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |    .133673   .6641573     0.20   0.840    -1.168051    1.435397
       _Isic_206 |  -.0632382   .8641375    -0.07   0.942    -1.756917     1.63044
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |          0  (omitted)
       _Isic_224 |          0  (omitted)
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .2992509   .6672676     0.45   0.654    -1.008569    1.607071
       _Isic_229 |  -.7543976   .7241647    -1.04   0.298    -2.173734    .6649391
       _Isic_232 |  -.3824467   .7317396    -0.52   0.601     -1.81663    1.051737
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |   .4159517   .7028971     0.59   0.554    -.9617013    1.793605
       _Isic_252 |          0  (omitted)
       _Isic_254 |          0  (omitted)
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .2441707   .5231462     0.47   0.641    -.7811771    1.269518
       _Isic_265 |  -.6335347   .6315483    -1.00   0.316    -1.871347    .6042771
       _Isic_267 |  -.8659206   .6667349    -1.30   0.194    -2.172697    .4408559
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |   -.262453   .7834341    -0.34   0.738    -1.797956     1.27305
       _Isic_274 |          0  (omitted)
       _Isic_275 |  -.5616017     .57381    -0.98   0.328    -1.686249    .5630453
       _Isic_278 |          0  (omitted)
       _Isic_279 |          0  (omitted)
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.236531   .6960053    -1.78   0.076    -2.600677     .127614
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.496866   .7108343    -2.11   0.035    -2.890076   -.1036563
       _Isic_286 |  -.8214034   .6886458    -1.19   0.233    -2.171124    .5283176
       _Isic_287 |  -.5336261   .6726373    -0.79   0.428    -1.851971    .7847189
       _Isic_289 |  -.5228982   .5704113    -0.92   0.359    -1.640884    .5950875
       _Isic_299 |          0  (omitted)
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |   .0894127   .6300366     0.14   0.887    -1.145436    1.324262
       _Isic_308 |   -.340121   .4973448    -0.68   0.494    -1.314899    .6346569
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.1330018   .9010107    -0.15   0.883     -1.89895    1.632947
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.0920705   .7983631    -0.12   0.908    -1.656833    1.472692
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.4580986   .6085042    -0.75   0.452    -1.650745    .7345477
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.5307404   .6588237    -0.81   0.420    -1.822011    .7605302
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .2489861   .9765736     0.25   0.799    -1.665063    2.163035
       _Isic_343 |          0  (omitted)
       _Isic_344 |   .0415564   .6077043     0.07   0.945    -1.149522    1.232635
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |          0  (omitted)
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.8546279   .5138774    -1.66   0.096    -1.861809    .1525533
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.0647956   .7209558    -0.09   0.928    -1.477843    1.348252
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.229931   .7175071    -1.71   0.086     -2.63622    .1763567
       _Isic_355 |  -.7889384    .535486    -1.47   0.141    -1.838472     .260595
       _Isic_356 |    -.64159   .5214581    -1.23   0.219    -1.663629    .3804491
       _Isic_357 |  -.6824597   .8695692    -0.78   0.433    -2.386784    1.021865
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.6870568   .5400307    -1.27   0.203    -1.745498     .371384
       _Isic_363 |  -.9525255   .7720532    -1.23   0.217    -2.465722    .5606709
       _Isic_364 |   -.869036   .6270268    -1.39   0.166    -2.097986    .3599139
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .0233777   .6001861     0.04   0.969    -1.152966    1.199721
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.8883089    .636443    -1.40   0.163    -2.135714    .3590964
       _Isic_371 |  -1.307119   .6228534    -2.10   0.036    -2.527889   -.0863483
       _Isic_372 |  -1.099225   .9179523    -1.20   0.231    -2.898378    .6999288
       _Isic_373 |          0  (omitted)
       _Isic_374 |          0  (omitted)
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.6911608   .6937301    -1.00   0.319    -2.050847    .6685253
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.6277554   .6478946    -0.97   0.333    -1.897606    .6420947
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.8098826   .8017931    -1.01   0.312    -2.381368     .761603
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .3711106   .7786321     0.48   0.634     -1.15498    1.897202
           _cons |   .3217559   1.165854     0.28   0.783    -1.963276    2.606788
----------------------------------------------------------------------------------
Note: 1 failure and 0 successes completely determined.
(est8 stored)

. esttab using Table7_B.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) kee
> p(w_work* w_net*) nogap
(note: file Table7_B.csv not found)
(output written to Table7_B.csv)

. 
. 
. 
. * Marginal effects
. cap estimates drop *

. * 1 Baseline
. eststo:xi:dprobit pace w_workstation  w_net  lpcemp lpcempm yy* ldegree_t*  $collapse $firm $noise_a cc* i.sic , cluster(company_id)
>  
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa40 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -196.94188
Iteration 2:   log pseudolikelihood = -189.57158
Iteration 3:   log pseudolikelihood = -188.63457
Iteration 4:   log pseudolikelihood = -188.54163
Iteration 5:   log pseudolikelihood =  -188.5199
Iteration 6:   log pseudolikelihood = -188.51333
Iteration 7:   log pseudolikelihood = -188.51126
Iteration 8:   log pseudolikelihood =  -188.5106
Iteration 9:   log pseudolikelihood = -188.51038
Iteration 10:  log pseudolikelihood =  -188.5103
Iteration 11:  log pseudolikelihood = -188.51028
Iteration 12:  log pseudolikelihood = -188.51027
Iteration 13:  log pseudolikelihood = -188.51027
Iteration 14:  log pseudolikelihood = -188.51027
Iteration 15:  log pseudolikelihood = -188.51026
Iteration 16:  log pseudolikelihood = -188.51026
Iteration 17:  log pseudolikelihood = -188.51026
Iteration 18:  log pseudolikelihood = -188.51026
Iteration 19:  log pseudolikelihood = -188.51026
Iteration 20:  log pseudolikelihood = -188.51026

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(105)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -188.51026                       Pseudo R2     = 0.3113

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |    .103512   .0475847     2.23   0.026   .028197   .010248  .196776
   w_net |  -.0415464   .0253085    -1.63   0.103   .362801   -.09115  .008057
  lpcemp |   .0205249   .0144261     1.44   0.150  -2.52755   -.00775  .048799
 lpcempm*|   .9715578   .0148305     1.52   0.130   .016949    .94249  1.00063
ldegre~t |   .0326515   .0105552     3.03   0.002   2.02669   .011964  .053339
ldegre~s*|   .0940159   .0670923     1.81   0.070   .127889  -.037482  .225514
_Inobs_2*|  -.0757433   .0120245    -7.85   0.000   .024653  -.099311 -.052176
_Inobs_3*|  -.0467575   .0260259    -0.99   0.321   .047766  -.097767  .004252
_Inobs_4*|  -.0552126   .0136347    -1.66   0.096   .046225  -.081936 -.028489
_Inobs_5*|   .0233554   .0625316     0.42   0.676   .109399  -.099204  .145915
_Inobs_6*|  -.0018031   .0442614    -0.04   0.967   .699538  -.088554  .084948
_Inobs_7*|   .0184728   .0751191     0.27   0.785   .035439  -.128758  .165704
    ln_N |   .0048362   .0109979     0.44   0.657   4.17367  -.016719  .026392
ln_N_m~s*|   .9497735   .0846618     0.45   0.654   .016949   .783839  1.11571
   share |  -.0025469   .0143185    -0.18   0.859  -8.33264  -.030611  .025517
sharem~s*|  -.0788097   .1453021    -0.18   0.856   .077042  -.363597  .205977
   MNE_f*|   .0410193   .0283534     1.52   0.128   .371341  -.014552  .096591
   MNE_d*|   .0255061    .027003     0.99   0.322    .31433  -.027419  .078431
  onsite*|  -.0035806   .0181331    -0.20   0.842   .607088  -.039121   .03196
     aa3*|  -.0567367   .0109917    -1.47   0.142   .013867   -.07828 -.035193
     aa5*|  -.0600016   .0100128    -3.12   0.002   .013867  -.079626 -.040377
     aa6*|  -.0790301   .0161776    -2.50   0.012    .09245  -.110738 -.047323
     aa8*|  -.0686999   .0112486    -3.34   0.001   .038521  -.090747 -.046653
    aa10*|  -.0216987   .0602402    -0.30   0.767   .026194  -.139767   .09637
    aa14*|  -.1035695   .0210303    -3.43   0.001   .120185  -.144788 -.062351
    aa15*|   -.067822   .0157379    -1.68   0.093   .060092  -.098668 -.036976
    aa16*|  -.0748298   .0126573    -3.28   0.001   .058552  -.099638 -.050022
    aa19*|   -.060649   .0108598    -1.92   0.055   .030817  -.081934 -.039364
    aa21*|  -.0472025   .0256244    -0.82   0.413   .006163  -.097425   .00302
    aa23*|   -.108486   .0204219    -4.12   0.000   .104777  -.148512  -.06846
    aa25*|  -.0869222   .0136777    -7.52   0.000   .035439   -.11373 -.060114
    aa26*|  -.0736308   .0117538    -3.58   0.000   .043143  -.096668 -.050594
    aa31*|  -.0799423   .0150076    -3.04   0.002   .070878  -.109357 -.050528
    aa32*|  -.0527534   .0174884    -1.20   0.229   .026194   -.08703 -.018477
    aa35*|  -.0791858   .0140015    -3.21   0.001   .077042  -.106628 -.051743
    aa36*|   .9645831   .0065633        .       .    .03698   .951719  .977447
    aa38*|  -.0596292   .0101598    -1.88   0.060    .01849  -.079542 -.039716
    aa39*|  -.0945981   .0179702    -3.39   0.001   .100154  -.129819 -.059377
    aa43*|  -.0449577   .0274502    -0.85   0.397   .020031  -.098759  .008844
reliab~y |  -.0087929   .0068676    -1.31   0.190   7.45917  -.022253  .004667
reliab~s*|  -.0628395   .0123457    -1.11   0.267   .007704  -.087037 -.038642
     dd1*|  -.0384866   .0290651    -0.84   0.399   .026194  -.095453   .01848
     dd2*|  -.0573486   .0220511    -1.58   0.115   .115562  -.100568 -.014129
     dd3*|  -.0637245   .0251893    -1.70   0.089   .171032  -.113095 -.014354
     dd4*|  -.0608044   .0279927    -1.56   0.119   .189522  -.115669  -.00594
     dd5*|  -.0660719   .0274126    -1.72   0.085   .198767    -.1198 -.012344
     dd6*|  -.0714435   .0161309    -2.56   0.010   .114022   -.10306 -.039827
     dd8*|   -.041637   .0339164    -0.94   0.350   .152542  -.108112  .024838
i_comp~e |   .0003482    .000765     0.45   0.650   13.9521  -.001151  .001848
i_seni~y |  -.0096072   .0104413    -0.92   0.359   1.51772  -.030072  .010857
i_seni~s*|  -.0718395   .0205212    -0.96   0.338   .013867   -.11206 -.031619
duration |  -.0004235   .0007816    -0.54   0.590   44.7211  -.001955  .001108
durati~s*|  -.0499286   .0315241    -0.62   0.536   .015408  -.111715  .011857
   cc_fr*|    .009024   .0999104     0.09   0.925   .120185  -.186797  .204845
   cc_ge*|   .1133722   .1212306     1.25   0.213   .186441  -.124235   .35098
   cc_it*|   .9597032   .0071096        .       .   .032357   .945769  .973638
   cc_po*|  -.0890482   .0141207    -6.95   0.000   .035439  -.116724 -.061372
   cc_sw*|   .4384643   .1956364     3.17   0.002   .183359   .055024  .821904
   cc_uk*|   .0410664   .0532321     0.87   0.383   .278891  -.063267  .145399
_Isi~202*|   -.026728   .0437274    -0.47   0.642   .016949  -.112432  .058976
_Isi~205*|   .0077007   .0838644     0.10   0.923   .016949  -.156671  .172072
_Isi~206*|  -.0146288   .0770945    -0.17   0.867   .009245  -.165731  .136474
_Isi~221*|   .1756059   .3015325     0.87   0.386   .004622  -.415387  .766599
_Isi~224*|   .0330485   .1325975     0.30   0.768   .003082  -.226838  .292935
_Isi~228*|   .0250682   .1000036     0.29   0.774   .009245  -.170935  .221072
_Isi~229*|  -.0490398   .0181953    -1.11   0.269   .016949  -.084702 -.013378
_Isi~232*|  -.0316517   .0450752    -0.49   0.624   .010786  -.119998  .056694
_Isi~251*|   .0725819   .1510958     0.64   0.524    .01849   -.22356  .368724
_Isi~254*|   .3523187   .3766715     1.41   0.160   .003082  -.385944  1.09058
_Isi~262*|   .0264978   .0812036     0.38   0.707   .033898  -.132658  .185654
_Isi~265*|  -.0446905   .0234925    -1.01   0.312   .035439  -.090735  .001354
_Isi~267*|   -.050703   .0153441    -1.34   0.180   .020031  -.080777 -.020629
_Isi~273*|  -.0213181    .062421    -0.28   0.781   .009245  -.143661  .101025
_Isi~274*|    .627433   .3608202     2.04   0.041   .003082  -.079762  1.33463
_Isi~275*|  -.0403997   .0256849    -0.94   0.348   .029276  -.090741  .009942
_Isi~279*|   .4948249   .3996506     1.71   0.088   .003082  -.288476  1.27813
_Isi~282*|  -.0570049   .0103585    -1.76   0.079   .021572  -.077307 -.036703
_Isi~285*|  -.0593146   .0096533    -2.15   0.032   .023112  -.078235 -.040394
_Isi~286*|  -.0489335    .017172    -1.16   0.246   .010786   -.08259 -.015277
_Isi~287*|  -.0413955    .027103    -0.85   0.394   .015408  -.094516  .011726
_Isi~289*|  -.0338421   .0320863    -0.71   0.478    .01849   -.09673  .029046
_Isi~299*|  -.0280664   .0493958    -0.42   0.676   .004622   -.12488  .068748
_Isi~306*|  -.0001211   .0726425    -0.00   0.999   .020031  -.142498  .142256
_Isi~308*|  -.0301151   .0346713    -0.66   0.509   .080123   -.09807  .037839
_Isi~323*|  -.0218062   .0730606    -0.24   0.808   .007704  -.165002   .12139
_Isi~326*|  -.0116507   .0757026    -0.14   0.889   .010786  -.160025  .136724
_Isi~331*|  -.0392302   .0282562    -0.84   0.402   .023112  -.094611  .016151
_Isi~333*|   -.042323    .026199    -0.89   0.376   .020031  -.093672  .009026
_Isi~342*|   .0398666   .1626161     0.30   0.766   .006163  -.278855  .358588
_Isi~344*|  -.0041352   .0652014    -0.06   0.951   .023112  -.131928  .123657
_Isi~347*|   .9465362   .0091639        .       .   .003082   .928575  .964497
_Isi~349*|   -.054653   .0165063    -1.61   0.107    .07396  -.087005 -.022301
_Isi~352*|  -.0186677   .0601387    -0.26   0.794   .006163  -.136537  .099202
_Isi~354*|  -.0587488    .010149    -1.86   0.063   .026194  -.078641 -.038857
_Isi~355*|  -.0505074    .017509    -1.41   0.159   .050847  -.084824  -.01619
_Isi~356*|  -.0481042    .018659    -1.33   0.183   .050847  -.084675 -.011533
_Isi~357*|  -.0466018   .0242152    -0.85   0.397   .007704  -.094063  .000859
_Isi~362*|  -.0476131   .0186408    -1.31   0.191   .040062  -.084148 -.011078
_Isi~363*|  -.0523871   .0128186    -1.31   0.191   .007704  -.077511 -.027263
_Isi~364*|  -.0519274   .0139864    -1.45   0.147   .020031   -.07934 -.024515
_Isi~366*|   .0053931   .0730367     0.08   0.939   .015408  -.137756  .148542
_Isi~369*|  -.0516943   .0148058    -1.37   0.169   .023112  -.080713 -.022675
_Isi~371*|  -.0619394   .0105225    -2.10   0.035   .052388  -.082563 -.041316
_Isi~372*|  -.0538666   .0131265    -1.16   0.247   .013867  -.079594 -.028139
_Isi~374*|  -.0318527   .0484629    -0.45   0.651   .004622  -.126838  .063133
_Isi~381*|  -.0440018   .0253223    -0.89   0.375   .020031  -.093633  .005629
_Isi~384*|  -.0417163   .0258007    -0.89   0.374    .01849  -.092285  .008852
_Isi~399*|  -.0454487   .0247326    -0.85   0.393   .009245  -.093924  .003026
_Isi~671*|   .0728081   .1663183     0.58   0.563   .006163   -.25317  .398786
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0561741  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est1 stored)

. * 7 Regional dummies
. eststo:xi:dprobit pace w_workstation llernermedian*     w_net lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a i.sic cc* i.wvs
>    , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)
i.wvs_reg         _Iwvs_reg_1-66      (_Iwvs_reg_1 for wvs~g==Alentejo omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: _Iwvs_reg_3 != 0 predicts failure perfectly
      _Iwvs_reg_3 dropped and 15 obs not used

note: _Iwvs_reg_6 != 0 predicts failure perfectly
      _Iwvs_reg_6 dropped and 1 obs not used

note: _Iwvs_reg_9 != 0 predicts failure perfectly
      _Iwvs_reg_9 dropped and 3 obs not used

note: _Iwvs_reg_14 != 0 predicts failure perfectly
      _Iwvs_reg_14 dropped and 3 obs not used

note: _Iwvs_reg_15 != 0 predicts failure perfectly
      _Iwvs_reg_15 dropped and 7 obs not used

note: _Iwvs_reg_19 != 0 predicts failure perfectly
      _Iwvs_reg_19 dropped and 2 obs not used

note: _Iwvs_reg_21 != 0 predicts failure perfectly
      _Iwvs_reg_21 dropped and 4 obs not used

note: _Iwvs_reg_28 != 0 predicts failure perfectly
      _Iwvs_reg_28 dropped and 1 obs not used

note: _Iwvs_reg_29 != 0 predicts failure perfectly
      _Iwvs_reg_29 dropped and 11 obs not used

note: _Iwvs_reg_30 != 0 predicts failure perfectly
      _Iwvs_reg_30 dropped and 4 obs not used

note: _Iwvs_reg_32 != 0 predicts failure perfectly
      _Iwvs_reg_32 dropped and 4 obs not used

note: _Iwvs_reg_33 != 0 predicts failure perfectly
      _Iwvs_reg_33 dropped and 6 obs not used

note: _Iwvs_reg_35 != 0 predicts failure perfectly
      _Iwvs_reg_35 dropped and 1 obs not used

note: _Iwvs_reg_36 != 0 predicts success perfectly
      _Iwvs_reg_36 dropped and 1 obs not used

note: _Iwvs_reg_37 != 0 predicts failure perfectly
      _Iwvs_reg_37 dropped and 3 obs not used

note: _Iwvs_reg_44 != 0 predicts failure perfectly
      _Iwvs_reg_44 dropped and 2 obs not used

note: _Iwvs_reg_46 != 0 predicts failure perfectly
      _Iwvs_reg_46 dropped and 1 obs not used

note: _Iwvs_reg_47 != 0 predicts failure perfectly
      _Iwvs_reg_47 dropped and 1 obs not used

note: _Iwvs_reg_51 != 0 predicts failure perfectly
      _Iwvs_reg_51 dropped and 3 obs not used

note: _Iwvs_reg_53 != 0 predicts failure perfectly
      _Iwvs_reg_53 dropped and 9 obs not used

note: _Iwvs_reg_55 != 0 predicts failure perfectly
      _Iwvs_reg_55 dropped and 5 obs not used

note: _Iwvs_reg_58 != 0 predicts failure perfectly
      _Iwvs_reg_58 dropped and 6 obs not used

note: _Iwvs_reg_59 != 0 predicts failure perfectly
      _Iwvs_reg_59 dropped and 3 obs not used

note: _Iwvs_reg_62 != 0 predicts failure perfectly
      _Iwvs_reg_62 dropped and 6 obs not used

note: yy dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_it dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_po dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Iwvs_reg_5 dropped because of collinearity
note: _Iwvs_reg_10 dropped because of collinearity
note: _Iwvs_reg_12 dropped because of collinearity
note: _Iwvs_reg_16 dropped because of collinearity
note: _Iwvs_reg_17 dropped because of collinearity
note: _Iwvs_reg_22 dropped because of collinearity
note: _Iwvs_reg_26 dropped because of collinearity
note: _Iwvs_reg_34 dropped because of collinearity
note: _Iwvs_reg_43 dropped because of collinearity
note: _Iwvs_reg_49 dropped because of collinearity
note: _Iwvs_reg_61 dropped because of collinearity
note: _Iwvs_reg_64 dropped because of collinearity
note: _Iwvs_reg_66 dropped because of collinearity
Iteration 0:   log pseudolikelihood =  -254.0843
Iteration 1:   log pseudolikelihood = -168.68726
Iteration 2:   log pseudolikelihood = -155.31708
Iteration 3:   log pseudolikelihood =  -152.0462
Iteration 4:   log pseudolikelihood = -151.58246
Iteration 5:   log pseudolikelihood = -151.51589
Iteration 6:   log pseudolikelihood = -151.49204
Iteration 7:   log pseudolikelihood = -151.48394
Iteration 8:   log pseudolikelihood = -151.48141
Iteration 9:   log pseudolikelihood = -151.48061
Iteration 10:  log pseudolikelihood = -151.48035
Iteration 11:  log pseudolikelihood = -151.48026
Iteration 12:  log pseudolikelihood = -151.48024
Iteration 13:  log pseudolikelihood = -151.48023
Iteration 14:  log pseudolikelihood = -151.48022
Iteration 15:  log pseudolikelihood = -151.48022
Iteration 16:  log pseudolikelihood = -151.48022
Iteration 17:  log pseudolikelihood = -151.48022
Iteration 18:  log pseudolikelihood = -151.48022
Iteration 19:  log pseudolikelihood = -151.48022
Iteration 20:  log pseudolikelihood = -151.48022
Iteration 21:  log pseudolikelihood = -151.48022

Probit regression, reporting marginal effects           Number of obs =    547
                                                        Wald chi2(130)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -151.48022                       Pseudo R2     = 0.4038

                           (Std. Err. adjusted for 512 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .0951172    .852909     2.73   0.006   .032236  -1.57655  1.76679
llerne~n |   .2745855   1.847141     0.45   0.650  -.312573  -3.34574  3.89491
llerne~s*|          1   1.84e-10        .       .   .012797         1        1
   w_net |  -.0346067   .3103991    -1.77   0.076   .395464  -.642978  .573764
  lpcemp |   .0072486   .0665718     0.67   0.504  -2.22279   -.12323  .137727
 lpcempm*|   .9795347   .2348108     0.77   0.442   .014625   .519314  1.43976
ldegre~t |   .0227066   .2018395     3.17   0.002   2.06555  -.372892  .418305
ldegre~s*|   .0544252    .423202     1.36   0.174   .126143  -.775036  .883886
_Inobs_2*|  -.0628446   .5892679   -12.65   0.000   .025594  -1.21779   1.0921
_Inobs_3*|  -.0298918   .3089825    -1.32   0.188   .023766  -.635486  .575703
_Inobs_4*|  -.0363966   .3797744    -2.87   0.004   .040219  -.780741  .707948
_Inobs_5*|  -.0001775   .0377475    -0.00   0.996   .104205  -.074161  .073806
_Inobs_6*|  -.0359672   .2993589    -0.87   0.382   .729433    -.6227  .550765
_Inobs_7*|  -.0205961   .1989754    -0.66   0.507   .042048  -.410581  .369388
    ln_N |  -.0062183   .0552103    -0.81   0.418   4.25251  -.114429  .101992
ln_N_m~s*|  -.0441265    .443585    -0.87   0.384   .016453  -.913537  .825284
   share |  -.0170095   .1523208    -1.74   0.082  -7.60593  -.315553  .281534
sharem~s*|  -.4136322   1.899675    -1.72   0.086    .06947  -4.13693  3.30966
   MNE_f*|   .0264979   .2341994     1.29   0.198     .3766  -.432524   .48552
   MNE_d*|  -.0006756   .0181395    -0.04   0.970   .329068  -.036228  .034877
  onsite*|  -.0085404   .0764511    -0.63   0.529   .612431  -.158382  .141301
     aa3*|  -.0270829    .276112    -0.76   0.446   .014625  -.568253  .514087
     aa5*|  -.0330352   .3509935    -2.67   0.008   .016453   -.72097  .654899
     aa6*|  -.0301679   .2966482    -0.88   0.378   .109689  -.611588  .551252
     aa8*|  -.0366427   .3828862    -2.56   0.011   .032907  -.787086    .7138
    aa10*|   .1057985   .7274797     0.98   0.328   .023766  -1.32004  1.53163
    aa14*|  -.0592537   .5630758    -3.00   0.003   .133455  -1.16286  1.04435
    aa15*|  -.0253825   .2529276    -0.63   0.530   .047532  -.521111  .470346
    aa16*|  -.0394119   .4046784    -2.53   0.011   .063985  -.832567  .753743
    aa19*|  -.0287948   .2936716    -0.93   0.352   .027422  -.604381  .546791
    aa23*|  -.0639327   .5972102    -3.34   0.001   .124314  -1.23444  1.10658
    aa25*|  -.0445401   .4481876    -3.40   0.001   .034735  -.922972  .833891
    aa26*|  -.0404143   .4150385    -2.40   0.016   .047532  -.853875  .773046
    aa31*|  -.0348253   .3618439    -1.68   0.093   .047532  -.744026  .674376
    aa32*|   .0425925   .3419533     0.53   0.595   .031079  -.627624  .712809
    aa35*|  -.0397022   .4057965    -2.19   0.029   .074954  -.835049  .755644
    aa36*|   .9759118   .2703169        .       .   .012797     .4461  1.50572
    aa38*|  -.0285509   .2951991    -0.87   0.382   .014625  -.607131  .550029
    aa39*|  -.0516527   .5050568    -3.07   0.002   .104205  -1.04155   .93824
    aa40*|   .2537279   1.341284     1.38   0.167   .007313  -2.37514   2.8826
    aa43*|   .1747466   1.054342     1.25   0.210   .023766  -1.89173  2.24122
reliab~y |  -.0072765   .0653891    -1.50   0.134   7.34369  -.135437  .120884
reliab~s*|  -.0377847   .3930589    -1.33   0.184   .009141  -.808166  .732597
     dd1*|  -.0216887   .2145777    -0.71   0.476   .021938  -.442253  .398876
     dd2*|  -.0430438   .4294764    -2.03   0.042   .120658  -.884802  .798715
     dd3*|  -.0484086   .4688179    -1.90   0.057   .175503  -.967275  .870458
     dd4*|   -.054529     .52094    -2.26   0.024   .182815  -1.07555  .966495
     dd5*|  -.0509942   .4874046    -2.05   0.040   .197441  -1.00629  .904301
     dd6*|  -.0456761   .4559357    -2.63   0.009   .102377  -.939294  .847942
     dd8*|  -.0305492   .2960803    -1.02   0.306   .164534  -.610856  .549758
i_comp~e |   .0002159   .0019958     0.36   0.721    13.897  -.003696  .004128
i_seni~y |  -.0097068   .0880371    -1.23   0.219   1.25594  -.182256  .162843
i_seni~s*|  -.0529603   .5179576    -1.32   0.186   .016453  -1.06814  .962218
duration |  -.0002564   .0023033    -0.42   0.673   44.6161  -.004771  .004258
durati~s*|  -.0160097   .1557517    -0.20   0.841   .016453  -.321277  .289258
_Isi~202*|  -.0319608   .3395711    -1.89   0.059   .014625  -.697508  .633586
_Isi~205*|  -.0304586   .3186491    -1.44   0.151   .016453  -.654999  .594082
_Isi~206*|  -.0296604   .3127092    -0.98   0.328   .007313  -.642559  .583238
_Isi~221*|   .6236232   1.457565     2.25   0.025   .003656  -2.23315   3.4804
_Isi~224*|   .9629731   .2226786        .       .   .003656   .526531  1.39942
_Isi~228*|   -.030987   .3290698    -1.83   0.067   .009141  -.675952  .613978
_Isi~229*|   -.032282   .3414645    -1.79   0.073    .02011   -.70154  .636976
_Isi~232*|  -.0244351   .2497302    -0.66   0.512   .010969  -.513897  .465027
_Isi~251*|   .0221555   .1955098     0.32   0.751   .018282  -.361037  .405348
_Isi~254*|   .9709479    .316064        .       .   .003656   .351474  1.59042
_Isi~262*|  -.0267582   .2711214    -1.02   0.310   .032907  -.558146   .50463
_Isi~265*|  -.0308046    .319241    -1.33   0.184   .036563  -.656505  .594896
_Isi~267*|  -.0328994   .3488028    -2.00   0.045    .02011   -.71654  .650742
_Isi~273*|  -.0278131   .2901992    -0.83   0.405   .010969  -.596593  .540967
_Isi~274*|   .7282959   1.148724     2.17   0.030   .003656  -1.52316  2.97975
_Isi~275*|  -.0333552   .3500933    -1.89   0.058   .032907  -.719525  .652815
_Isi~279*|   .0425511   .3163681     0.31   0.754   .003656  -.577519  .662621
_Isi~282*|  -.0323827   .3435334    -1.87   0.061   .018282  -.705696   .64093
_Isi~285*|   -.034091   .3605708    -2.50   0.012   .021938  -.740797  .672615
_Isi~286*|  -.0320601   .3424305    -2.30   0.021   .010969  -.703212  .639091
_Isi~287*|  -.0285604   .3006771    -0.82   0.412   .010969  -.617877  .560756
_Isi~289*|  -.0063234    .086101    -0.12   0.901   .021938  -.175078  .162432
_Isi~299*|  -.0098595   .1112608    -0.14   0.889   .003656  -.227927  .208208
_Isi~306*|  -.0243222    .245732    -0.76   0.448    .02011  -.505948  .457304
_Isi~308*|  -.0362083   .3706751    -1.68   0.093   .080439  -.762718  .690302
_Isi~323*|  -.0218715   .2187334    -0.43   0.665   .007313  -.450581  .406838
_Isi~326*|   -.019787   .2045253    -0.40   0.691   .010969  -.420649  .381075
_Isi~331*|  -.0278653   .2876318    -0.94   0.347   .023766  -.591613  .535883
_Isi~333*|  -.0256044   .2624877    -0.76   0.450   .018282  -.540071  .488862
_Isi~342*|   .0940109   .6261046     0.61   0.545   .005484  -1.13313  1.32115
_Isi~344*|  -.0277897   .2868876    -1.14   0.253   .012797  -.590079    .5345
_Isi~347*|   .9725953   .3011386        .       .   .003656   .382374  1.56282
_Isi~349*|  -.0387432   .3968805    -2.13   0.034   .078611  -.816615  .739128
_Isi~352*|  -.0270686   .2795809    -0.99   0.322   .007313  -.575037    .5209
_Isi~354*|  -.0351822   .3706594    -2.22   0.027   .027422  -.761661  .691297
_Isi~355*|  -.0328027   .3377935    -1.55   0.121   .053016  -.694866   .62926
_Isi~356*|  -.0297125   .3046739    -1.15   0.251   .053016  -.626862  .567437
_Isi~357*|  -.0310886   .3317663    -1.30   0.194   .007313  -.681339  .619161
_Isi~362*|  -.0343669    .360183    -2.01   0.045   .038391  -.740313  .671579
_Isi~363*|  -.0308155   .3277519    -1.46   0.145   .009141  -.673197  .611566
_Isi~364*|  -.0328723   .3475673    -1.81   0.070   .023766  -.714092  .648347
_Isi~366*|   -.008617   .0876933    -0.19   0.846   .014625  -.180493  .163259
_Isi~369*|  -.0336506   .3562718    -1.90   0.058   .023766   -.73193  .664629
_Isi~371*|  -.0418681   .4273737    -3.35   0.001   .058501  -.879505  .795769
_Isi~372*|  -.0325996   .3473592    -1.73   0.083   .014625  -.713411  .648212
_Isi~374*|  -.0208506   .2097762    -0.47   0.641   .003656  -.432004  .390303
_Isi~381*|   -.030055   .3147928    -1.21   0.228    .02011  -.647037  .586927
_Isi~384*|  -.0285541   .2985397    -1.02   0.307   .016453  -.613681  .556573
_Isi~399*|  -.0310695   .3307064    -1.50   0.134   .009141  -.679242  .617103
_Isi~671*|   .9749525    .652917     0.01   0.989   .007313  -.304741  2.25465
   cc_fr*|  -.0614048    .577996    -2.73   0.006   .080439  -1.19426  1.07145
   cc_ge*|  -.0722966   .6535862    -1.54   0.123   .190128   -1.3533  1.20871
   cc_sw*|  -.0289283   .2848961    -0.29   0.773    .21755  -.587314  .529458
   cc_uk*|  -.3270257   1.703207    -2.99   0.003   .327239  -3.66525   3.0112
_Iwvs~_2*|  -.0230737   .2273708    -0.66   0.512   .051188  -.468712  .422565
_Iwvs~_4*|  -.0359926   .3759335    -2.42   0.016   .040219  -.772809  .700823
_Iwvs~_7*|  -.0321783   .3440581        .       .   .003656   -.70652  .642163
_Iwvs~_8*|  -.0257338   .2576084    -0.86   0.390   .034735  -.530637  .479169
_Iwvs~11*|  -.0298451   .3080749    -0.95   0.343   .027422  -.633661  .573971
_Iwvs~13*|   .0268954   .2434997     0.38   0.707   .025594  -.450355  .504146
_Iwvs~18*|  -.0315376   .3382494    -1.65   0.099   .005484  -.694494  .631419
_Iwvs~20*|  -.0299243   .3098556    -1.17   0.241   .025594   -.63723  .577381
_Iwvs~23*|   .0072476   .1011754     0.09   0.927   .025594  -.191053  .205548
_Iwvs~24*|  -.0431705    .437148    -2.63   0.009   .065814  -.899965  .813624
_Iwvs~25*|  -.0359081   .3759125    -1.55   0.121   .034735  -.772683  .700867
_Iwvs~27*|   .0745443   .5627398     0.78   0.434   .084095  -1.02841  1.17749
_Iwvs~31*|  -.0369477   .3854292        .       .   .007313  -.792375   .71848
_Iwvs~38*|   .4062641   1.611125     1.74   0.081   .016453  -2.75148  3.56401
_Iwvs~39*|  -.0350922   .3689685    -1.52   0.129    .02925  -.758257  .688073
_Iwvs~40*|  -.0382944   .3919351    -1.73   0.083   .074954  -.806473  .729884
_Iwvs~41*|   .0663068   .5111909     0.67   0.501   .034735  -.935609  1.06822
_Iwvs~42*|  -.0310641   .3320802    -1.11   0.266   .005484  -.681929  .619801
_Iwvs~45*|  -.0401496   .4122379    -1.87   0.061    .04936  -.848121  .767822
_Iwvs~48*|   -.037401   .3889641    -1.83   0.067   .036563  -.799757  .724955
_Iwvs~50*|   -.010431   .1092021    -0.20   0.840   .060329  -.224463  .203601
_Iwvs~52*|  -.0320089   .3371314    -1.16   0.246   .021938  -.692774  .628756
_Iwvs~54*|   -.057764   .5510425    -3.38   0.001   .065814  -1.13779  1.02226
_Iwvs~56*|  -.0376508   .3912788    -3.32   0.001    .02011  -.804543  .729242
_Iwvs~57*|  -.0367618   .3837479    -3.32   0.001   .016453  -.788894   .71537
_Iwvs~60*|  -.0405381   .4150538    -2.95   0.003   .031079  -.854029  .772952
_Iwvs~63*|  -.0327716   .3492428    -2.80   0.005   .007313  -.717275  .651732
_Iwvs~65*|  -.0389103   .4012576    -1.53   0.127   .053016  -.825361   .74754
---------+--------------------------------------------------------------------
  obs. P |   .1755027
 pred. P |   .0306578  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est2 stored)

. * 8 Adding extra firm controls
. eststo:xi:dprobit pace w_workstation  w_net ln_k_n* ln_y_n* ln_wages* ln_age* public*  ln_global*     lpcemp lpcempm yy* ldegree_t* 
> $collapse $firm $noise_a cc* i.sic , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: ln_agemiss != 0 predicts failure perfectly
      ln_agemiss dropped and 4 obs not used

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 20 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.24347
Iteration 1:   log pseudolikelihood = -191.22412
Iteration 2:   log pseudolikelihood =  -182.2077
Iteration 3:   log pseudolikelihood = -180.80298
Iteration 4:   log pseudolikelihood = -180.65539
Iteration 5:   log pseudolikelihood = -180.62469
Iteration 6:   log pseudolikelihood = -180.61594
Iteration 7:   log pseudolikelihood = -180.61329
Iteration 8:   log pseudolikelihood = -180.61246
Iteration 9:   log pseudolikelihood = -180.61219
Iteration 10:  log pseudolikelihood =  -180.6121
Iteration 11:  log pseudolikelihood = -180.61207
Iteration 12:  log pseudolikelihood = -180.61206
Iteration 13:  log pseudolikelihood = -180.61206
Iteration 14:  log pseudolikelihood = -180.61206
Iteration 15:  log pseudolikelihood = -180.61206
Iteration 16:  log pseudolikelihood = -180.61206
Iteration 17:  log pseudolikelihood = -180.61206
Iteration 18:  log pseudolikelihood = -180.61206
Iteration 19:  log pseudolikelihood = -180.61206
Iteration 20:  log pseudolikelihood = -180.61206

Probit regression, reporting marginal effects           Number of obs =    646
                                                        Wald chi2(116)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -180.61206                       Pseudo R2     = 0.3390

                           (Std. Err. adjusted for 611 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |    .086262   .0425588     2.11   0.035    .02807   .002848  .169676
   w_net |  -.0427858   .0235803    -1.82   0.069   .364486  -.089002  .003431
  ln_k_n |  -.0056057   .0115683    -0.48   0.631  -24.4473  -.028279  .017068
ln_k_n~s*|  -.4273049   1.273285    -0.45   0.650   .272446   -2.9229  2.06829
  ln_y_n |  -.0327583    .015672    -2.11   0.035  -8.35951  -.063475 -.002042
ln_y_n~s*|  -.9979133   .0139764    -2.13   0.034   .131579  -1.02531  -.97052
ln_wag~a |  -.0196468   .0132112    -1.51   0.130  -22.5042   -.04554  .006247
ln_wag~s*|  -.9999996   9.30e-06    -1.58   0.114   .295666  -1.00002 -.999981
  ln_age |   -.009875   .0088301    -1.14   0.252   3.56852  -.027182  .007432
  public |  -.0219978   .0338228    -0.65   0.516  -1.91796  -.088289  .044294
public~s*|  -.1106791   .1278553    -0.65   0.516   .020124  -.361271  .139913
ln_glo~p |  -.0053654     .00514    -1.05   0.295  -64.5435   -.01544  .004709
ln_glo~s*|  -.9892576   .1057118    -1.06   0.289   .679567  -1.19645 -.782066
  lpcemp |   .0286264   .0127699     2.31   0.021  -2.54022   .003598  .053655
 lpcempm*|   .9843571   .0090442     2.38   0.017   .017028   .966631  1.00208
ldegre~t |   .0344837   .0099191     3.53   0.000    2.0251   .015043  .053925
ldegre~s*|   .1095201   .0724334     2.07   0.039   .128483  -.032447  .251487
_Inobs_2*|  -.0676854   .0115303    -7.90   0.000   .024768  -.090284 -.045086
_Inobs_3*|  -.0238047     .03862    -0.48   0.631   .047988  -.099499  .051889
_Inobs_4*|   -.045689   .0136868    -1.47   0.142   .044892  -.072515 -.018863
_Inobs_5*|   .0591701   .0786031     0.97   0.332   .108359  -.094889  .213229
_Inobs_6*|   .0155013   .0361208     0.41   0.683   .701238  -.055294  .086297
_Inobs_7*|   .0288053   .0748569     0.46   0.648   .035604  -.117912  .175522
    ln_N |   .0217828   .0124938     1.82   0.069   4.16733  -.002705   .04627
ln_N_m~s*|   .9798775   .0111848     1.80   0.071   .017028   .957956   1.0018
   share |  -.0012703   .0136982    -0.09   0.926  -8.36531  -.028118  .025578
sharem~s*|  -.0557889   .2216803    -0.09   0.928   .077399  -.490274  .378697
   MNE_f*|   .0330638   .0261457     1.33   0.185   .369969  -.018181  .084308
   MNE_d*|   .0304583   .0257415     1.26   0.209   .314241  -.019994  .080911
  onsite*|  -.0050401   .0173404    -0.29   0.768   .606811  -.039027  .028946
     aa3*|  -.0444315   .0167894    -0.94   0.347   .013932  -.077338 -.011525
     aa5*|  -.0511726   .0090914    -2.61   0.009   .013932  -.068991 -.033354
     aa6*|  -.0600679   .0166562    -1.58   0.115   .092879  -.092714 -.027422
     aa8*|  -.0569129   .0101221    -2.51   0.012     .0387  -.076752 -.037074
    aa10*|   .0799643   .1674429     0.66   0.510   .026316  -.248218  .408146
    aa14*|  -.0789626   .0182458    -2.57   0.010   .120743  -.114724 -.043201
    aa15*|  -.0467985   .0284177    -0.79   0.432   .060372  -.102496  .008899
    aa16*|  -.0583524   .0111605    -2.25   0.024   .058824  -.080227 -.036478
    aa19*|  -.0431841     .02014    -0.93   0.350   .029412  -.082658  -.00371
    aa23*|  -.0844012   .0180893    -3.07   0.002   .105263  -.119855 -.048947
    aa25*|  -.0705843   .0118818        .       .   .035604  -.093872 -.047296
    aa26*|  -.0606513    .010564    -2.80   0.005   .043344  -.081356 -.039946
    aa31*|  -.0625499   .0140196    -2.01   0.044   .071207  -.090028 -.035072
    aa32*|  -.0094832   .0673344    -0.13   0.897   .024768  -.141456   .12249
    aa35*|  -.0614331   .0128987    -2.12   0.034   .075851  -.086714 -.036152
    aa36*|   .9716154   .0058201     6.13   0.000   .037152   .960208  .983023
    aa38*|  -.0443848   .0168556    -0.97   0.330   .018576  -.077421 -.011348
    aa39*|  -.0736319   .0153808    -2.63   0.008   .100619  -.103778 -.043486
    aa40*|   .2000252   .2886838     1.08   0.282   .006192  -.365785  .765835
    aa43*|   .0497254   .1366039     0.47   0.641   .020124  -.218013  .317464
reliab~y |  -.0082266   .0065946    -1.28   0.202   7.44892  -.021152  .004699
reliab~s*|  -.0544553    .011588    -1.08   0.280    .00774  -.077167 -.031743
     dd1*|  -.0424986   .0166209    -1.24   0.213   .026316  -.075075 -.009922
     dd2*|  -.0511226   .0201598    -1.51   0.130   .114551  -.090635  -.01161
     dd3*|  -.0573878   .0237961    -1.65   0.100   .171827  -.104027 -.010748
     dd4*|  -.0545912   .0265984    -1.48   0.139   .190402  -.106723 -.002459
     dd5*|  -.0567727   .0263652    -1.55   0.122   .198142  -.108448 -.005098
     dd6*|  -.0611787   .0158104    -2.24   0.025   .114551  -.092167 -.030191
     dd8*|  -.0399249   .0297516    -0.98   0.325   .151703  -.098237  .018387
i_comp~e |   .0004731   .0007081     0.67   0.505   13.8837  -.000915  .001861
i_seni~y |  -.0068677    .009489    -0.72   0.472   1.51393  -.025466   .01173
i_seni~s*|  -.0595208   .0182202    -0.77   0.441   .013932  -.095232  -.02381
duration |  -.0003053   .0007133    -0.43   0.669   44.6718  -.001703  .001093
durati~s*|  -.0423201   .0299306    -0.58   0.565    .01548  -.100983  .016343
   cc_fr*|  -.0460893   .0344701    -0.78   0.434   .120743   -.11365  .021471
   cc_ge*|   .0391762   .0829856     0.56   0.579   .187307  -.123473  .201825
   cc_it*|   .9518192   .0303821     4.32   0.000   .032508   .892271  1.01137
   cc_po*|  -.0823879   .0133654        .       .   .035604  -.108584 -.056192
   cc_sw*|   .2188996   .1951935     1.68   0.092   .184211  -.163673  .601472
   cc_uk*|  -.0374567   .0344798    -0.93   0.350   .280186  -.105036  .030122
_Isi~202*|  -.0140928   .0508526    -0.24   0.810   .017028  -.113762  .085576
_Isi~205*|    .002164   .0704211     0.03   0.975   .017028  -.135859  .140187
_Isi~206*|   .0015204   .0750158     0.02   0.984   .009288  -.145508  .148549
_Isi~221*|   .1374078   .2846401     0.72   0.469   .004644  -.420476  .695292
_Isi~224*|   .0054318   .0948654     0.06   0.952   .003096  -.180501  .191365
_Isi~228*|   .0016713   .0689866     0.02   0.980   .009288   -.13354  .136883
_Isi~229*|  -.0415822   .0163721    -1.08   0.278   .017028  -.073671 -.009493
_Isi~232*|  -.0400105   .0202228    -0.88   0.380   .010836  -.079646 -.000375
_Isi~251*|   .0379828   .1064415     0.44   0.658   .018576  -.170639  .246604
_Isi~254*|   .2087064   .3124912     1.05   0.294   .003096  -.403765  .821178
_Isi~262*|   .0542617    .097457     0.73   0.467   .034056   -.13675  .245274
_Isi~265*|  -.0384401   .0201786    -1.01   0.314   .035604  -.077989  .001109
_Isi~267*|  -.0423741   .0151033    -1.21   0.228   .020124  -.071976 -.012772
_Isi~273*|   -.034034   .0287207    -0.67   0.504   .009288  -.090326  .022258
_Isi~274*|   .6211607   .3843271     1.99   0.047   .003096  -.132107  1.37443
_Isi~275*|  -.0368753   .0206094    -0.98   0.325   .029412  -.077269  .003518
_Isi~279*|   .5043265    .385981     1.85   0.064   .003096  -.252182  1.26084
_Isi~282*|  -.0449682   .0136314    -1.30   0.194   .021672  -.071685 -.018251
_Isi~285*|  -.0501003   .0090874    -1.94   0.053    .02322  -.067911 -.032289
_Isi~286*|  -.0310443    .035926    -0.54   0.587   .010836  -.101458  .039369
_Isi~287*|  -.0087745   .0677362    -0.12   0.905   .013932  -.141535  .123986
_Isi~289*|  -.0125654   .0484528    -0.23   0.819   .018576  -.107531    .0824
_Isi~299*|   .1038599   .1817511     0.82   0.409   .004644  -.252366  .460085
_Isi~306*|   -.015676   .0462992    -0.29   0.774   .020124  -.106421  .075069
_Isi~308*|  -.0319533    .026322    -0.83   0.407   .080495  -.083544  .019637
_Isi~323*|    -.03343   .0416888    -0.47   0.640    .00774  -.115138  .048279
_Isi~326*|  -.0328334   .0332664    -0.58   0.561   .010836  -.098034  .032367
_Isi~331*|  -.0319911   .0279369    -0.71   0.475    .02322  -.086746  .022764
_Isi~333*|  -.0298477   .0326489    -0.60   0.547   .020124  -.093838  .034143
_Isi~342*|    .010254   .0942177     0.12   0.906   .006192  -.174409  .194917
_Isi~344*|   .0062898   .0718322     0.09   0.927    .02322  -.134499  .147078
_Isi~347*|   .9543872   .0084257        .       .   .003096   .937873  .970901
_Isi~349*|  -.0521314   .0116593    -1.87   0.062   .074303  -.074983  -.02928
_Isi~352*|  -.0220729   .0472472    -0.36   0.721   .006192  -.114676   .07053
_Isi~354*|  -.0496401   .0095354    -1.74   0.081   .024768  -.068329 -.030951
_Isi~355*|  -.0455273   .0136328    -1.49   0.136   .049536  -.072247 -.018808
_Isi~356*|  -.0425451   .0162343    -1.26   0.207   .051084  -.074364 -.010727
_Isi~357*|  -.0437166   .0145158    -1.01   0.311    .00774  -.072167 -.015266
_Isi~362*|  -.0456554   .0132127    -1.49   0.137   .040248  -.071552 -.019759
_Isi~363*|  -.0480664   .0084111    -1.79   0.074    .00774  -.064552 -.031581
_Isi~364*|  -.0482263   .0094117    -1.80   0.072   .020124  -.066673  -.02978
_Isi~366*|   .0046592   .0681527     0.07   0.943    .01548  -.128918  .138236
_Isi~369*|  -.0481463   .0098208    -1.67   0.095    .02322  -.067395 -.028898
_Isi~371*|   -.054684   .0094475    -2.22   0.026   .052632  -.073201 -.036167
_Isi~372*|  -.0468417   .0106544    -1.20   0.230   .013932  -.067724  -.02596
_Isi~374*|  -.0260759   .0409492    -0.45   0.654   .004644  -.106335  .054183
_Isi~381*|   -.041554   .0168205    -1.04   0.296   .020124  -.074522 -.008586
_Isi~384*|  -.0403091   .0168908    -1.07   0.286   .018576  -.073414 -.007204
_Isi~399*|   -.039498   .0213682    -0.83   0.406   .009288  -.081379  .002383
_Isi~671*|   .0631097   .1568589     0.54   0.591   .006192  -.244328  .370547
---------+--------------------------------------------------------------------
  obs. P |   .1501548
 pred. P |   .0481449  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est3 stored)

. * 5 Alternative network variables
. eststo:xi:dprobit pace w_workstation  w_net2  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a i.sic cc* , cluster(company_id)
>  
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa40 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -197.02903
Iteration 2:   log pseudolikelihood = -189.45516
Iteration 3:   log pseudolikelihood =  -188.3818
Iteration 4:   log pseudolikelihood = -188.27434
Iteration 5:   log pseudolikelihood =  -188.2512
Iteration 6:   log pseudolikelihood = -188.24424
Iteration 7:   log pseudolikelihood = -188.24207
Iteration 8:   log pseudolikelihood = -188.24137
Iteration 9:   log pseudolikelihood = -188.24114
Iteration 10:  log pseudolikelihood = -188.24106
Iteration 11:  log pseudolikelihood = -188.24103
Iteration 12:  log pseudolikelihood = -188.24103
Iteration 13:  log pseudolikelihood = -188.24102
Iteration 14:  log pseudolikelihood = -188.24102
Iteration 15:  log pseudolikelihood = -188.24102
Iteration 16:  log pseudolikelihood = -188.24102
Iteration 17:  log pseudolikelihood = -188.24102
Iteration 18:  log pseudolikelihood = -188.24102
Iteration 19:  log pseudolikelihood = -188.24102
Iteration 20:  log pseudolikelihood = -188.24102

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(105)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -188.24102                       Pseudo R2     = 0.3123

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .0993323   .0483623     2.11   0.035   .028197   .004544  .194121
  w_net2 |   -.001231   .0006862    -1.81   0.070  -1.20236  -.002576  .000114
  lpcemp |    .015806   .0137779     1.16   0.246  -2.52755  -.011198   .04281
 lpcempm*|   .9678236   .0159974     1.22   0.223   .016949   .936469  .999178
ldegre~t |   .0321268   .0104014     3.05   0.002   2.02669    .01174  .052513
ldegre~s*|   .0863705   .0650432     1.71   0.087   .127889  -.041112  .213853
_Inobs_2*|  -.0740016   .0118967    -8.08   0.000   .024653  -.097319 -.050685
_Inobs_3*|  -.0439913   .0267731    -0.95   0.344   .047766  -.096466  .008483
_Inobs_4*|  -.0589593   .0106732    -2.07   0.038   .046225  -.079878  -.03804
_Inobs_5*|   .0163283   .0582032     0.31   0.760   .109399  -.097748  .130405
_Inobs_6*|  -.0057534   .0447142    -0.13   0.896   .699538  -.093392  .081885
_Inobs_7*|   .0060174   .0637589     0.10   0.922   .035439  -.118948  .130983
    ln_N |    .002182   .0108051     0.20   0.839   4.17367  -.018996   .02336
ln_N_m~s*|   .7115944   3.107592     0.23   0.817   .016949  -5.37917  6.80236
   share |  -.0043325   .0139668    -0.31   0.758  -8.33264  -.031707  .023042
sharem~s*|  -.0979295   .1645109    -0.32   0.750   .077042  -.420365  .224506
   MNE_f*|   .0403695   .0274248     1.56   0.119   .371341  -.013382  .094121
   MNE_d*|   .0233173   .0262311     0.93   0.351    .31433  -.028095  .074729
  onsite*|  -.0044843   .0179602    -0.25   0.801   .607088  -.039686  .030717
     aa3*|  -.0533981    .013101    -1.21   0.228   .013867  -.079076 -.027721
     aa5*|  -.0585656    .009861    -3.19   0.001   .013867  -.077893 -.039238
     aa6*|  -.0772235   .0157362    -2.52   0.012    .09245  -.108066 -.046381
     aa8*|  -.0670473   .0108791    -3.28   0.001   .038521   -.08837 -.045725
    aa10*|  -.0296088   .0477532    -0.45   0.651   .026194  -.123203  .063986
    aa14*|  -.1023145   .0207301    -3.46   0.001   .120185  -.142945 -.061684
    aa15*|  -.0666973    .015059    -1.73   0.083   .060092  -.096212 -.037182
    aa16*|  -.0728976   .0124298    -3.24   0.001   .058552   -.09726 -.048536
    aa19*|   -.058834   .0108149    -1.88   0.060   .030817  -.080031 -.037637
    aa21*|  -.0484002    .019977    -0.93   0.353   .006163  -.087554 -.009246
    aa23*|  -.1073651   .0201625    -4.18   0.000   .104777  -.146883 -.067847
    aa25*|   -.084215   .0134107    -7.41   0.000   .035439    -.1105 -.057931
    aa26*|  -.0728492    .011687    -3.72   0.000   .043143  -.095755 -.049943
    aa31*|  -.0784825   .0146641    -3.06   0.002   .070878  -.107224 -.049741
    aa32*|  -.0510431   .0175427    -1.17   0.244   .026194  -.085426  -.01666
    aa35*|  -.0768847   .0136495    -3.15   0.002   .077042  -.103637 -.050132
    aa36*|   .9664012   .0065368     6.34   0.000    .03698   .953589  .979213
    aa38*|  -.0581664   .0099623    -1.91   0.056    .01849  -.077692 -.038641
    aa39*|  -.0931267   .0177366    -3.41   0.001   .100154   -.12789 -.058364
    aa43*|  -.0449822   .0252272    -0.87   0.384   .020031  -.094427  .004462
reliab~y |  -.0086199   .0066757    -1.31   0.189   7.45917  -.021704  .004464
reliab~s*|  -.0612353   .0119626    -1.12   0.262   .007704  -.084681 -.037789
     dd2*|  -.0339295   .0298094    -0.88   0.377   .115562  -.092355  .024496
     dd3*|  -.0339271    .032039    -0.86   0.388   .171032  -.096722  .028868
     dd4*|  -.0265951   .0377712    -0.61   0.540   .189522  -.100625  .047435
     dd5*|  -.0346043    .031772    -0.91   0.364   .198767  -.096876  .027668
     dd6*|  -.0571251    .017747    -1.96   0.050   .114022  -.091909 -.022342
     dd7*|   .0870273   .1287215     0.91   0.362   .032357  -.165262  .339317
     dd8*|   .0062639   .0501828     0.13   0.898   .152542  -.092093   .10462
i_comp~e |   .0002257   .0007537     0.30   0.765   13.9521  -.001252  .001703
i_seni~y |  -.0096728   .0103936    -0.93   0.350   1.51772  -.030044  .010698
i_seni~s*|   -.070424   .0208866    -0.97   0.331   .013867  -.111361 -.029487
duration |  -.0001323     .00074    -0.18   0.858   44.7211  -.001583  .001318
durati~s*|  -.0369462   .0629953    -0.36   0.717   .015408  -.160415  .086522
_Isi~202*|  -.0274592   .0410278    -0.50   0.619   .016949  -.107872  .052954
_Isi~205*|   .0019285   .0764343     0.03   0.980   .016949   -.14788  .151737
_Isi~206*|    -.01435   .0759094    -0.17   0.868   .009245   -.16313   .13443
_Isi~221*|   .1859268   .2976807     0.94   0.347   .004622  -.397517   .76937
_Isi~224*|   .0314746   .1284475     0.29   0.772   .003082  -.220278  .283227
_Isi~228*|   .0177455   .0909831     0.22   0.828   .009245  -.160578  .196069
_Isi~229*|  -.0448509   .0223806    -0.93   0.350   .016949  -.088716 -.000986
_Isi~232*|  -.0295571   .0476593    -0.44   0.658   .010786  -.122968  .063853
_Isi~251*|   .0907621    .160421     0.78   0.434    .01849  -.223657  .405181
_Isi~254*|   .3645463   .3961627     1.39   0.166   .003082  -.411918  1.14101
_Isi~262*|   .0124062    .069662     0.19   0.847   .033898  -.124129  .148941
_Isi~265*|  -.0396171   .0269547    -0.87   0.384   .035439  -.092447  .013213
_Isi~267*|  -.0487166   .0158815    -1.27   0.205   .020031  -.079844 -.017589
_Isi~273*|  -.0081192   .0798327    -0.10   0.924   .009245  -.164588   .14835
_Isi~274*|    .727005   .2890417     2.43   0.015   .003082   .160494  1.29352
_Isi~275*|  -.0386554   .0259445    -0.90   0.368   .029276  -.089506  .012195
_Isi~279*|   .5054284   .4149092     1.67   0.094   .003082  -.307779  1.31864
_Isi~282*|  -.0558262   .0099442    -1.81   0.071   .021572  -.075317 -.036336
_Isi~285*|  -.0572808   .0095729    -2.06   0.039   .023112  -.076043 -.038518
_Isi~286*|  -.0469733   .0175471    -1.13   0.261   .010786  -.081365 -.012582
_Isi~287*|  -.0381301   .0298294    -0.76   0.450   .015408  -.096595  .020334
_Isi~289*|  -.0247878   .0394831    -0.49   0.626    .01849  -.102173  .052598
_Isi~299*|  -.0280132   .0477684    -0.43   0.670   .004622  -.121638  .065611
_Isi~306*|   .0237703   .0934341     0.29   0.771   .020031  -.159357  .206898
_Isi~308*|  -.0276791   .0356453    -0.60   0.548   .080123  -.097543  .042184
_Isi~323*|  -.0078777    .094604    -0.08   0.938   .007704  -.193298  .177543
_Isi~326*|   -.021349    .053542    -0.32   0.747   .010786  -.126289  .083591
_Isi~331*|  -.0359081   .0310277    -0.74   0.462   .023112  -.096721  .024905
_Isi~333*|  -.0398805   .0274953    -0.83   0.409   .020031   -.09377  .014009
_Isi~342*|    .049984   .1698481     0.37   0.711   .006163  -.282912   .38288
_Isi~344*|   .0098351   .0761367     0.14   0.891   .023112   -.13939   .15906
_Isi~347*|   .9481223   .0090093        .       .   .003082   .930464   .96578
_Isi~349*|  -.0510568   .0173562    -1.51   0.131    .07396  -.085074 -.017039
_Isi~352*|  -.0167614   .0622563    -0.23   0.818   .006163  -.138782  .105259
_Isi~354*|  -.0555921   .0107711    -1.68   0.094   .026194  -.076703 -.034481
_Isi~355*|  -.0455865   .0196598    -1.24   0.214   .050847  -.084119 -.007054
_Isi~356*|  -.0459093   .0189317    -1.28   0.199   .050847  -.083015 -.008804
_Isi~357*|  -.0441984    .024951    -0.83   0.409   .007704  -.093102  .004705
_Isi~362*|    -.04128   .0227679    -1.06   0.289   .040062  -.085904  .003344
_Isi~363*|  -.0506239   .0129598    -1.26   0.206   .007704  -.076025 -.025223
_Isi~364*|  -.0493175   .0150776    -1.34   0.179   .020031  -.078869 -.019766
_Isi~366*|   .0160717   .0806231     0.22   0.825   .015408  -.141947   .17409
_Isi~369*|   -.048247   .0164454    -1.28   0.201   .023112  -.080479 -.016015
_Isi~371*|  -.0600174   .0104592    -2.09   0.037   .052388  -.080517 -.039518
_Isi~372*|   -.049183   .0179541    -0.98   0.326   .013867  -.084372 -.013994
_Isi~374*|  -.0287689   .0493573    -0.42   0.675   .004622  -.125507   .06797
_Isi~381*|     -.0407   .0274566    -0.81   0.415   .020031  -.094514  .013114
_Isi~384*|  -.0402816   .0263881    -0.85   0.397    .01849  -.092001  .011438
_Isi~399*|  -.0399516   .0331347    -0.66   0.509   .009245  -.104894  .024991
_Isi~671*|   .0768663   .1657852     0.62   0.535   .006163  -.248067  .401799
   cc_fr*|   .0438057   .1323798     0.40   0.691   .120185  -.215654  .303265
   cc_ge*|   .1508469   .1389963     1.51   0.130   .186441  -.121581  .423275
   cc_it*|   .9608299   .0069801        .       .   .032357   .947149  .974511
   cc_po*|  -.0882465    .013575        .       .   .035439  -.114853  -.06164
   cc_sw*|   .4530194   .1967873     3.26   0.001   .183359   .067323  .838715
   cc_uk*|   .0488355    .055954     1.01   0.311   .278891  -.060832  .158503
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0546514  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est4 stored)

. * 4 Different codification of tech variables
. *eststo:xi:dprobit pace w_work_int   w_net_int  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a  i.sic cc* , cluster(company_
> id) 
. * 6 Controlling for management
. eststo:xi:dprobit pace w_workstation    w_net zmanagement lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a i.sic cc*   , clust
> er(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa40 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -195.48746
Iteration 2:   log pseudolikelihood = -187.89712
Iteration 3:   log pseudolikelihood = -186.99415
Iteration 4:   log pseudolikelihood = -186.91085
Iteration 5:   log pseudolikelihood = -186.89099
Iteration 6:   log pseudolikelihood = -186.88495
Iteration 7:   log pseudolikelihood = -186.88304
Iteration 8:   log pseudolikelihood = -186.88242
Iteration 9:   log pseudolikelihood = -186.88221
Iteration 10:  log pseudolikelihood = -186.88215
Iteration 11:  log pseudolikelihood = -186.88212
Iteration 12:  log pseudolikelihood = -186.88212
Iteration 13:  log pseudolikelihood = -186.88211
Iteration 14:  log pseudolikelihood = -186.88211
Iteration 15:  log pseudolikelihood = -186.88211
Iteration 16:  log pseudolikelihood = -186.88211
Iteration 17:  log pseudolikelihood = -186.88211
Iteration 18:  log pseudolikelihood = -186.88211
Iteration 19:  log pseudolikelihood = -186.88211
Iteration 20:  log pseudolikelihood = -186.88211

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(106)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -186.88211                       Pseudo R2     = 0.3173

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .0923984   .0492519     1.92   0.055   .028197  -.004134   .18893
   w_net |  -.0454195   .0258325    -1.75   0.079   .362801   -.09605  .005211
zmanag~t |  -.0362655   .0180778    -2.04   0.041   .207816  -.071697 -.000834
  lpcemp |   .0208569   .0145774     1.46   0.145  -2.52755  -.007714  .049428
 lpcempm*|   .9722767   .0145119     1.53   0.125   .016949   .943834  1.00072
ldegre~t |   .0354458   .0106314     3.28   0.001   2.02669   .014609  .056283
ldegre~s*|   .1007669   .0685078     1.92   0.055   .127889  -.033506   .23504
_Inobs_2*|  -.0737539   .0117763    -7.27   0.000   .024653  -.096835 -.050673
_Inobs_3*|   -.043028   .0289842    -0.89   0.373   .047766  -.099836   .01378
_Inobs_4*|  -.0535199   .0146198    -1.55   0.122   .046225  -.082174 -.024866
_Inobs_5*|   .0347818   .0690259     0.59   0.557   .109399  -.100507   .17007
_Inobs_6*|   .0058865   .0429814     0.13   0.893   .699538  -.078355  .090128
_Inobs_7*|   .0388637   .0911891     0.51   0.607   .035439  -.139864  .217591
    ln_N |   .0103691   .0112664     0.94   0.346   4.17367  -.011713  .032451
ln_N_m~s*|   .9601786   .0156463     0.93   0.352   .016949   .929512  .990845
   share |   .0002663   .0144381     0.02   0.985  -8.33264  -.028032  .028564
sharem~s*|   .0417665   2.081705     0.02   0.981   .077042   -4.0383  4.12183
   MNE_f*|    .044916   .0290642     1.63   0.103   .371341  -.012049  .101881
   MNE_d*|   .0283399   .0273773     1.09   0.275    .31433  -.025319  .081998
  onsite*|  -.0029956   .0181589    -0.17   0.868   .607088  -.038586  .032595
     aa3*|  -.0564544   .0108276    -1.49   0.135   .013867  -.077676 -.035233
     aa5*|  -.0597109   .0099856    -3.26   0.001   .013867  -.079282  -.04014
     aa6*|  -.0785172   .0162132    -2.50   0.012    .09245  -.110294  -.04674
     aa8*|  -.0684475   .0111951    -3.39   0.001   .038521   -.09039 -.046506
    aa10*|   -.018587    .063522    -0.25   0.803   .026194  -.143088  .105914
    aa14*|   -.102765   .0210789    -3.44   0.001   .120185  -.144079 -.061451
    aa15*|  -.0663927   .0161276    -1.60   0.111   .060092  -.098002 -.034783
    aa16*|  -.0750927   .0127385    -3.41   0.001   .058552   -.10006 -.050126
    aa19*|  -.0597345   .0110077    -1.84   0.066   .030817  -.081309  -.03816
    aa21*|  -.0467879   .0254887    -0.82   0.414   .006163  -.096745  .003169
    aa23*|  -.1087429   .0207018    -4.19   0.000   .104777  -.149318 -.068168
    aa25*|  -.0878047   .0134305        .       .   .035439  -.114128 -.061481
    aa26*|  -.0731603   .0118001    -3.63   0.000   .043143  -.096288 -.050033
    aa31*|  -.0783574   .0149466    -2.94   0.003   .070878  -.107652 -.049063
    aa32*|  -.0504753   .0202434    -1.08   0.280   .026194  -.090152 -.010799
    aa35*|  -.0789658   .0140665    -3.27   0.001   .077042  -.106536 -.051396
    aa36*|    .963952   .0069882     5.78   0.000    .03698   .950255  .977649
    aa38*|  -.0587735   .0101665    -1.80   0.073    .01849    -.0787 -.038848
    aa39*|  -.0937739   .0179414    -3.36   0.001   .100154  -.128938 -.058609
    aa43*|  -.0436346   .0287804    -0.81   0.418   .020031  -.100043  .012774
reliab~y |  -.0043866   .0070922    -0.62   0.532   7.45917  -.018287  .009514
reliab~s*|  -.0583825   .0120433    -0.43   0.664   .007704  -.081987 -.034778
     dd1*|  -.0400083   .0275284    -0.89   0.373   .026194  -.093963  .013946
     dd2*|  -.0561921   .0227252    -1.52   0.127   .115562  -.100733 -.011652
     dd3*|  -.0632938    .025547    -1.69   0.092   .171032  -.113365 -.013223
     dd4*|   -.061124    .027897    -1.58   0.113   .189522  -.115801 -.006447
     dd5*|  -.0649446   .0278332    -1.69   0.091   .198767  -.119497 -.010393
     dd6*|   -.068476    .016975    -2.33   0.020   .114022  -.101746 -.035206
     dd8*|  -.0410722   .0340904    -0.92   0.355   .152542  -.107888  .025744
i_comp~e |   .0003975   .0007699     0.51   0.607   13.9521  -.001112  .001907
i_seni~y |  -.0109789   .0104438    -1.05   0.293   1.51772  -.031448  .009491
i_seni~s*|  -.0738733   .0211701    -1.10   0.273   .013867  -.115366 -.032381
duration |  -.0003302   .0007854    -0.42   0.675   44.7211  -.001869  .001209
durati~s*|  -.0478335    .036928    -0.56   0.579   .015408  -.120211  .024544
_Isi~202*|  -.0236802   .0483506    -0.39   0.698   .016949  -.118446  .071085
_Isi~205*|   .0204791    .098435     0.23   0.815   .016949   -.17245  .213408
_Isi~206*|  -.0054513   .0913954    -0.06   0.954   .009245  -.184583   .17368
_Isi~221*|   .1493417   .2679675     0.82   0.414   .004622  -.375865  .674548
_Isi~224*|   .0322187   .1255445     0.30   0.761   .003082  -.213844  .278281
_Isi~228*|   .0253861   .1005377     0.29   0.772   .009245  -.171664  .222436
_Isi~229*|  -.0492804   .0176215    -1.11   0.267   .016949  -.083818 -.014743
_Isi~232*|  -.0364666   .0377152    -0.61   0.545   .010786  -.110387  .037454
_Isi~251*|    .089513   .1616385     0.76   0.447    .01849  -.227293  .406319
_Isi~254*|   .3642872   .3816991     1.43   0.153   .003082  -.383829   1.1124
_Isi~262*|   .0189715   .0769182     0.28   0.783   .033898  -.131785  .169728
_Isi~265*|  -.0469834   .0209926    -1.10   0.273   .035439  -.088128 -.005839
_Isi~267*|  -.0500877   .0156242    -1.32   0.188   .020031  -.080711 -.019465
_Isi~273*|  -.0290861   .0516662    -0.41   0.685   .009245   -.13035  .072178
_Isi~274*|   .5868931   .3843581     1.90   0.057   .003082  -.166435  1.34022
_Isi~275*|  -.0451121   .0211699    -1.11   0.269   .029276  -.086604  -.00362
_Isi~279*|   .5173748    .400758     1.75   0.081   .003082  -.268096  1.30285
_Isi~282*|  -.0558656   .0109308    -1.62   0.106   .021572  -.077289 -.034442
_Isi~285*|  -.0588363   .0096788    -2.19   0.029   .023112  -.077807 -.039866
_Isi~286*|  -.0507518   .0141764    -1.31   0.189   .010786  -.078537 -.022967
_Isi~287*|   -.042586   .0256864    -0.88   0.377   .015408   -.09293  .007758
_Isi~289*|  -.0358915   .0304273    -0.76   0.449    .01849  -.095528  .023745
_Isi~299*|   -.012439   .0706077    -0.16   0.874   .004622  -.150828   .12595
_Isi~306*|   .0056759   .0778082     0.08   0.940   .020031  -.146825  .158177
_Isi~308*|  -.0296989   .0353472    -0.64   0.521   .080123  -.098978   .03958
_Isi~323*|  -.0266056   .0660703    -0.31   0.760   .007704  -.156101   .10289
_Isi~326*|  -.0207933    .062596    -0.27   0.786   .010786  -.143479  .101893
_Isi~331*|  -.0414421   .0254228    -0.92   0.355   .023112   -.09127  .008386
_Isi~333*|  -.0440091   .0249047    -0.90   0.366   .020031  -.092821  .004803
_Isi~342*|   .0348573   .1473332     0.28   0.778   .006163  -.253911  .323625
_Isi~344*|  -.0088457   .0597095    -0.14   0.890   .023112  -.125874  .108183
_Isi~347*|   .9468412   .0091218        .       .   .003082   .928963   .96472
_Isi~349*|  -.0556139    .015868    -1.65   0.098    .07396  -.086715 -.024513
_Isi~352*|   -.030208   .0434065    -0.49   0.622   .006163  -.115283  .054867
_Isi~354*|  -.0585661    .010031    -1.83   0.067   .026194  -.078227 -.038906
_Isi~355*|  -.0504118   .0173245    -1.42   0.156   .050847  -.084367 -.016457
_Isi~356*|   -.047464   .0190631    -1.31   0.190   .050847  -.084827 -.010101
_Isi~357*|  -.0466933   .0242769    -0.83   0.409   .007704  -.094275  .000888
_Isi~362*|  -.0464659   .0198564    -1.23   0.219   .040062  -.085384 -.007548
_Isi~363*|  -.0496983   .0164396    -1.11   0.266   .007704  -.081919 -.017477
_Isi~364*|   -.051545   .0139035    -1.46   0.143   .020031  -.078795 -.024295
_Isi~366*|   .0109168   .0791436     0.15   0.882   .015408  -.144202  .166035
_Isi~369*|  -.0499697   .0167792    -1.24   0.216   .023112  -.082856 -.017083
_Isi~371*|  -.0615154    .010692    -2.07   0.038   .052388  -.082471  -.04056
_Isi~372*|  -.0548497   .0111229    -1.30   0.193   .013867   -.07665 -.033049
_Isi~374*|  -.0302172   .0473936    -0.45   0.652   .004622  -.123107  .062673
_Isi~381*|  -.0437929   .0254722    -0.88   0.381   .020031  -.093718  .006132
_Isi~384*|  -.0404302   .0269707    -0.85   0.394    .01849  -.093292  .012431
_Isi~399*|  -.0456105   .0240649    -0.86   0.389   .009245  -.092777  .001556
_Isi~671*|   .0872373   .1797092     0.66   0.510   .006163  -.264986  .439461
   cc_fr*|  -.0101951    .080655    -0.12   0.906   .120185  -.168276  .147886
   cc_ge*|   .0911786   .1117729     1.05   0.292   .186441  -.127892   .31025
   cc_it*|   .9607933    .007396     6.18   0.000   .032357   .946297  .975289
   cc_po*|  -.0878506   .0134357        .       .   .035439  -.114184 -.061517
   cc_sw*|   .4090607   .1985342     2.97   0.003   .183359   .019941  .798181
   cc_uk*|   .0273425   .0501792     0.59   0.552   .278891  -.071007  .125692
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0557345  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est5 stored)

. * 3 Only paceofwork 
. eststo:xi:dprobit pace_tk w_workstation  w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic , cluster(company_i
> d) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts success perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 19 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 5 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 4 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 4 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 4 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 2 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 2 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 12 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 3 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 13 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 7 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa7 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood =  -395.6671
Iteration 1:   log pseudolikelihood = -285.23698
Iteration 2:   log pseudolikelihood = -273.51672
Iteration 3:   log pseudolikelihood =  -272.2428
Iteration 4:   log pseudolikelihood = -272.20211
Iteration 5:   log pseudolikelihood = -272.19905
Iteration 6:   log pseudolikelihood = -272.19812
Iteration 7:   log pseudolikelihood = -272.19782
Iteration 8:   log pseudolikelihood = -272.19773
Iteration 9:   log pseudolikelihood = -272.19769
Iteration 10:  log pseudolikelihood = -272.19768
Iteration 11:  log pseudolikelihood = -272.19768
Iteration 12:  log pseudolikelihood = -272.19768
Iteration 13:  log pseudolikelihood = -272.19768
Iteration 14:  log pseudolikelihood = -272.19768
Iteration 15:  log pseudolikelihood = -272.19768
Iteration 16:  log pseudolikelihood = -272.19768
Iteration 17:  log pseudolikelihood = -272.19768
Iteration 18:  log pseudolikelihood = -272.19768

Probit regression, reporting marginal effects           Number of obs =    840
                                                        Wald chi2(130)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -272.19768                       Pseudo R2     = 0.3121

                           (Std. Err. adjusted for 796 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
 pace_tk |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .1150517   .0609998     1.89   0.059    .02754  -.004506  .234609
   w_net |  -.0667929   .0318931    -2.12   0.034   .371636  -.129302 -.004284
  lpcemp |   .0402171   .0172157     2.38   0.017  -2.14472   .006475  .073959
 lpcempm*|   .9515504   .0154362     2.44   0.015   .013095   .921296  .981805
ldegre~t |   .0213624   .0129249     1.64   0.100    1.9981   -.00397  .046695
ldegre~s*|   .0789631   .0610539     1.51   0.130   .138095    -.0407  .198627
_Inobs_2*|  -.0849104   .0203799    -1.70   0.089   .028571  -.124854 -.044967
_Inobs_3*|  -.0562774   .0394257    -1.01   0.313    .05119   -.13355  .020995
_Inobs_4*|   -.004657   .0768192    -0.06   0.953   .039286   -.15522  .145906
_Inobs_5*|   .0163196   .0728135     0.24   0.813    .10119  -.126392  .159031
_Inobs_6*|   .0134382   .0542102     0.24   0.808   .709524  -.092812  .119688
_Inobs_7*|   .0132977   .0850301     0.16   0.870   .038095  -.153358  .179954
    ln_N |   .0128026   .0136166     0.94   0.345   4.45757  -.013885  .039491
ln_N_m~s*|   .9274471   .0199999     0.97   0.331   .014286   .888248  .966646
   share |   .0191408   .0166657     1.16   0.245  -7.57855  -.013523  .051805
sharem~s*|   .9834379   .0281763     1.16   0.246   .069048   .928213  1.03866
   MNE_f*|   .0566608   .0325322     1.83   0.067   .366667  -.007101  .120423
   MNE_d*|   .0610821   .0335876     1.96   0.050    .29881  -.004748  .126913
  onsite*|  -.0549909   .0259938    -2.27   0.023   .610714  -.105938 -.004044
     aa3*|  -.1104543   .0138696    -9.64   0.000   .013095  -.137638  -.08327
     aa5*|  -.1117786   .0138439   -11.41   0.000   .013095  -.138912 -.084645
     aa6*|  -.2544567   .0281896    -9.96   0.000   .083333  -.309707 -.199206
     aa8*|   -.151414   .0174811   -12.25   0.000   .034524  -.185676 -.117152
    aa10*|  -.1274513   .0153914   -11.06   0.000      .025  -.157618 -.097285
    aa12*|  -.1405521   .0176122    -7.35   0.000   .030952  -.175071 -.106033
    aa14*|  -.3776079   .0366008   -12.06   0.000   .108333  -.449344 -.305872
    aa15*|  -.1874593   .0247499    -8.79   0.000   .060714  -.235968  -.13895
    aa16*|   -.195536   .0207731   -12.28   0.000    .05119  -.236251 -.154821
    aa19*|  -.1405354   .0165562   -11.46   0.000   .029762  -.172985 -.108086
    aa20*|   -.117653   .0143556   -11.47   0.000   .016667  -.145789 -.089517
    aa21*|  -.0969003   .0125987    -7.11   0.000   .004762  -.121593 -.072207
    aa22*|  -.0948284   .0124645        .       .   .003571  -.119258 -.070398
    aa23*|  -.3403852   .0350511   -11.10   0.000    .09881  -.409084 -.271686
    aa25*|  -.1377847   .0182399    -6.69   0.000   .035714  -.173534 -.102035
    aa26*|  -.1674417   .0178069   -11.84   0.000   .038095  -.202343 -.132541
    aa30*|  -.0934305   .0123289    -6.21   0.000   .002381  -.117595 -.069266
    aa31*|  -.2476668    .026502   -11.33   0.000   .071429   -.29961 -.195724
    aa32*|  -.1276289   .0153506   -11.01   0.000    .02381  -.157716 -.097542
    aa34*|  -.0968956   .0126685    -6.40   0.000   .005952  -.121725 -.072066
    aa35*|  -.2565037   .0255782   -13.49   0.000   .072619  -.306636 -.206371
    aa36*|  -.0842462   .0320232    -1.15   0.250   .041667  -.147011 -.021482
    aa38*|  -.1167135   .0141906    -9.92   0.000   .016667  -.144527   -.0889
    aa39*|  -.2988945   .0301997   -11.88   0.000   .088095  -.358085 -.239704
    aa40*|  -.0963859   .0125618    -7.63   0.000   .004762  -.121007 -.071765
    aa43*|  -.1184807   .0144588   -10.13   0.000   .019048  -.146819 -.090142
reliab~y |  -.0101631   .0086059    -1.19   0.235   7.42262   -.02703  .006704
reliab~s*|  -.1018932   .0154741    -1.38   0.169   .008333  -.132222 -.071565
     dd2*|   .0014087   .0773543     0.02   0.985   .110714  -.150203   .15302
     dd3*|   .0019636   .0753409     0.03   0.979   .170238  -.145702  .149629
     dd4*|  -.0116704   .0735768    -0.15   0.878   .194048  -.155878  .132537
     dd5*|  -.0045788    .071859    -0.06   0.950   .196429   -.14542  .136262
     dd6*|  -.0391907   .0562763    -0.60   0.546   .132143   -.14949  .071109
     dd7*|   .1808161   .1863043     1.28   0.201   .032143  -.184334  .545966
     dd8*|   .0769542   .1068536     0.84   0.401   .141667  -.132475  .286384
i_comp~e |   .0006587   .0009437     0.70   0.486   13.7989  -.001191  .002508
i_seni~y |  -.0089315   .0127824    -0.70   0.486   1.82738  -.033985  .016122
i_seni~s*|  -.0989618   .0192541    -0.57   0.571   .010714  -.136699 -.061225
duration |   .0014336   .0009763     1.47   0.140   44.9571   -.00048  .003347
durati~s*|   .5893712   .3888817     1.67   0.096   .015476  -.172823  1.35157
   cc_fr*|  -.0708089   .0527132    -0.92   0.355   .120238  -.174125  .032507
   cc_ge*|   .1607628   .1415696     1.42   0.157   .170238  -.116709  .438234
   cc_it*|  -.1014658   .0231523    -1.52   0.128   .061905  -.146844 -.056088
   cc_po*|  -.1445706   .0167973        .       .   .040476  -.177493 -.111649
   cc_pt*|  -.0986698   .0128307    -7.32   0.000   .007143  -.123818 -.073522
   cc_sw*|   .3401947   .1886819     2.31   0.021   .169048  -.029615  .710005
   cc_uk*|   .0581335   .0692314     0.92   0.359    .27619  -.077558  .193825
_Isi~202*|  -.0425863   .0584984    -0.57   0.572   .013095  -.157241  .072068
_Isi~203*|  -.0903265   .0132977    -2.09   0.037   .011905  -.116389 -.064263
_Isi~205*|  -.0122492   .0895009    -0.13   0.897   .014286  -.187668  .163169
_Isi~206*|   .2527441   .2611694     1.31   0.189   .007143  -.259139  .764627
_Isi~208*|  -.0941728   .0134112    -2.20   0.028   .028571  -.120458 -.067887
_Isi~221*|   .0769193    .217516     0.43   0.667   .003571  -.349404  .503243
_Isi~224*|   .0058037   .1499017     0.04   0.968   .002381  -.287998  .299606
_Isi~225*|  -.0095852   .1357115    -0.07   0.946   .003571  -.275575  .256404
_Isi~228*|   .0454554   .1319889     0.39   0.693   .008333  -.213238  .304149
_Isi~229*|  -.0929909   .0120946    -2.15   0.032   .014286  -.116696 -.069286
_Isi~232*|  -.0709414   .0331297    -1.11   0.269   .008333  -.135874 -.006008
_Isi~242*|  -.0623452   .0480609    -0.77   0.438   .005952  -.156543  .031853
_Isi~245*|  -.0636444   .0415973    -0.92   0.358   .008333  -.145174  .017885
_Isi~251*|  -.0252825   .0848165    -0.26   0.793   .015476   -.19152  .140955
_Isi~254*|   .3595128   .3733359     1.28   0.199   .002381  -.372212  1.09124
_Isi~262*|  -.0395587   .0543051    -0.58   0.562   .027381  -.145995  .066877
_Isi~265*|  -.0893742   .0164961    -2.06   0.040   .030952  -.121706 -.057042
_Isi~267*|  -.0764858   .0261341    -1.37   0.170   .015476  -.127708 -.025264
_Isi~273*|  -.0445795   .0705937    -0.48   0.632   .007143  -.182941  .093782
_Isi~274*|    .228718   .2916854     1.06   0.288   .002381  -.342975  .800411
_Isi~275*|  -.0679943   .0291429    -1.36   0.173    .02381  -.125113 -.010875
_Isi~279*|   .3271905   .4420517     1.00   0.319   .002381  -.539215   1.1936
_Isi~281*|  -.0826391   .0223732    -1.27   0.204   .011905   -.12649 -.038789
_Isi~282*|  -.0956161   .0124164    -2.68   0.007   .017857  -.119952  -.07128
_Isi~283*|  -.0969236   .0124924    -3.22   0.001   .019048  -.121408 -.072439
_Isi~284*|  -.0918688   .0137978    -2.31   0.021   .021429  -.118912 -.064826
_Isi~285*|  -.0978294   .0125267    -3.37   0.001   .019048  -.122381 -.073278
_Isi~286*|  -.0844435   .0192514    -1.46   0.145   .008333  -.122176 -.046711
_Isi~287*|  -.0900918   .0131949    -2.33   0.020   .011905  -.115953  -.06423
_Isi~289*|  -.0800141   .0233073    -1.49   0.136   .016667  -.125696 -.034333
_Isi~299*|  -.0431918   .0722112    -0.46   0.648   .004762  -.184723   .09834
_Isi~306*|   -.044844   .0561413    -0.61   0.543   .017857  -.154879  .065191
_Isi~308*|  -.0814803   .0244792    -1.79   0.073   .063095  -.129459 -.033502
_Isi~321*|  -.0763593   .0309435    -1.08   0.282   .005952  -.137008 -.015711
_Isi~323*|   -.061635   .0567243    -0.67   0.504   .005952  -.172813  .049543
_Isi~325*|  -.0743167   .0426401    -0.79   0.429   .003571   -.15789  .009256
_Isi~326*|  -.0426727    .075844    -0.43   0.665   .008333  -.191324  .105979
_Isi~331*|   -.087963   .0163338    -1.90   0.057   .021429  -.119977 -.055949
_Isi~332*|  -.0530735   .0837145    -0.44   0.662   .007143  -.217151  .111004
_Isi~333*|  -.0899307   .0143592    -1.93   0.053   .015476  -.118074 -.061787
_Isi~339*|  -.0604341    .053301    -0.70   0.484   .003571  -.164902  .044034
_Isi~341*|   .2436294   .2833188     1.16   0.244   .003571  -.311665  .798924
_Isi~342*|  -.0061456   .1472487    -0.04   0.968   .004762  -.294748  .282457
_Isi~344*|  -.0669042    .038231    -1.02   0.308   .017857  -.141836  .008027
_Isi~345*|  -.0722485    .036302    -1.00   0.316   .010714  -.143399 -.001098
_Isi~346*|  -.0895038   .0129611    -2.27   0.023   .013095  -.114907 -.064101
_Isi~347*|   .7315012   .2031268     2.89   0.004   .002381    .33338  1.12962
_Isi~349*|  -.0881475   .0200546    -2.17   0.030   .060714  -.127454 -.048841
_Isi~352*|  -.0696314   .0365416    -1.00   0.319   .004762  -.141252  .001989
_Isi~353*|  -.0919869   .0137206    -2.32   0.020   .022619  -.118879 -.065095
_Isi~354*|  -.0969989   .0126011    -2.92   0.004   .020238  -.121697 -.072301
_Isi~355*|  -.0914791    .016314    -2.31   0.021   .040476  -.123454 -.059504
_Isi~356*|   -.089475   .0169047    -2.30   0.022   .041667  -.122608 -.056342
_Isi~357*|  -.0767654   .0244774    -1.39   0.166   .007143   -.12474 -.028791
_Isi~362*|   -.095807   .0135563    -2.85   0.004   .033333  -.122377 -.069237
_Isi~363*|  -.0867742   .0162192    -1.55   0.120   .007143  -.118563 -.054985
_Isi~364*|  -.0935921   .0126488    -2.47   0.013   .016667  -.118383 -.068801
_Isi~366*|  -.0512828   .0488372    -0.75   0.455   .011905  -.147002  .044436
_Isi~369*|  -.0908874   .0139097    -2.28   0.023   .019048   -.11815 -.063625
_Isi~371*|  -.1037521   .0131706    -3.54   0.000   .044048  -.129566 -.077938
_Isi~372*|   -.081404    .022749    -1.37   0.171   .010714  -.125991 -.036817
_Isi~374*|   .0357463   .1648167     0.24   0.808   .003571  -.287289  .358781
_Isi~379*|   -.019614   .1526753    -0.12   0.907   .002381  -.318852  .279624
_Isi~381*|  -.0328866   .0677018    -0.41   0.684   .016667   -.16558  .099806
_Isi~384*|  -.0475403   .0553372    -0.63   0.526   .014286  -.155999  .060919
_Isi~399*|   .0039589   .1221301     0.03   0.974   .007143  -.235412   .24333
_Isi~671*|  -.0272017   .0913221    -0.26   0.796   .004762   -.20619  .151786
---------+--------------------------------------------------------------------
  obs. P |   .1797619
 pred. P |   .0907102  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est6 stored)

. * Drop size controls
. eststo:xi:dprobit pace w_workstation  w_net       lpcemp lpcempm yy* ldegree_t* $collapse $firmn_o $noise_a cc* i.sic , cluster(comp
> any_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 15 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 39 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 15 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 5 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 35 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 4 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 36 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 21 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 6 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 20 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 4 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 4 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 5 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 6 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 8 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 4 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 20 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_214 != 0 predicts failure perfectly
      _Isic_214 dropped and 1 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_233 != 0 predicts failure perfectly
      _Isic_233 dropped and 1 obs not used

note: _Isic_235 != 0 predicts failure perfectly
      _Isic_235 dropped and 1 obs not used

note: _Isic_238 != 0 predicts failure perfectly
      _Isic_238 dropped and 1 obs not used

note: _Isic_239 != 0 predicts failure perfectly
      _Isic_239 dropped and 1 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 6 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 7 obs not used

note: _Isic_249 != 0 predicts failure perfectly
      _Isic_249 dropped and 3 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_261 != 0 predicts failure perfectly
      _Isic_261 dropped and 2 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_272 != 0 predicts success perfectly
      _Isic_272 dropped and 1 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 2 obs not used

note: _Isic_278 != 0 predicts failure perfectly
      _Isic_278 dropped and 2 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 17 obs not used

note: _Isic_301 != 0 predicts failure perfectly
      _Isic_301 dropped and 1 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_305 != 0 predicts failure perfectly
      _Isic_305 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_322 != 0 predicts failure perfectly
      _Isic_322 dropped and 1 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_329 != 0 predicts failure perfectly
      _Isic_329 dropped and 2 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 5 obs not used

note: _Isic_334 != 0 predicts failure perfectly
      _Isic_334 dropped and 2 obs not used

note: _Isic_335 != 0 predicts failure perfectly
      _Isic_335 dropped and 2 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 4 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 13 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 10 obs not used

note: _Isic_348 != 0 predicts failure perfectly
      _Isic_348 dropped and 2 obs not used

note: _Isic_351 != 0 predicts failure perfectly
      _Isic_351 dropped and 2 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 15 obs not used

note: _Isic_358 != 0 predicts failure perfectly
      _Isic_358 dropped and 2 obs not used

note: _Isic_361 != 0 predicts success perfectly
      _Isic_361 dropped and 1 obs not used

note: _Isic_365 != 0 predicts failure perfectly
      _Isic_365 dropped and 1 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 12 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_375 != 0 predicts failure perfectly
      _Isic_375 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 2 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 12 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: _Isic_394 != 0 predicts failure perfectly
      _Isic_394 dropped and 1 obs not used

note: _Isic_395 != 0 predicts failure perfectly
      _Isic_395 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -197.08366
Iteration 2:   log pseudolikelihood = -189.77333
Iteration 3:   log pseudolikelihood = -188.84524
Iteration 4:   log pseudolikelihood = -188.75309
Iteration 5:   log pseudolikelihood = -188.73133
Iteration 6:   log pseudolikelihood = -188.72475
Iteration 7:   log pseudolikelihood = -188.72268
Iteration 8:   log pseudolikelihood = -188.72202
Iteration 9:   log pseudolikelihood =  -188.7218
Iteration 10:  log pseudolikelihood = -188.72172
Iteration 11:  log pseudolikelihood =  -188.7217
Iteration 12:  log pseudolikelihood = -188.72169
Iteration 13:  log pseudolikelihood = -188.72169
Iteration 14:  log pseudolikelihood = -188.72169
Iteration 15:  log pseudolikelihood = -188.72169
Iteration 16:  log pseudolikelihood = -188.72169
Iteration 17:  log pseudolikelihood = -188.72169
Iteration 18:  log pseudolikelihood = -188.72169
Iteration 19:  log pseudolikelihood = -188.72169
Iteration 20:  log pseudolikelihood = -188.72169

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(101)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -188.72169                       Pseudo R2     = 0.3106

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .1040035   .0482713     2.21   0.027   .028197   .009393  .198613
   w_net |  -.0406129     .02542    -1.59   0.113   .362801  -.090435  .009209
  lpcemp |   .0213766   .0140535     1.53   0.125  -2.52755  -.006168  .048921
 lpcempm*|   .9722068   .0144258     1.61   0.108   .016949   .943933  1.00048
ldegre~t |   .0324652   .0106407     3.03   0.002   2.02669    .01161  .053321
ldegre~s*|   .0923007   .0665152     1.80   0.072   .127889  -.038067  .222668
_Inobs_2*|  -.0760179   .0119652        .       .   .024653  -.099469 -.052567
_Inobs_3*|   -.046246   .0271882    -0.97   0.334   .047766  -.099534  .007042
_Inobs_4*|   -.055599   .0139946    -1.68   0.092   .046225  -.083028  -.02817
_Inobs_5*|   .0203136    .060261     0.37   0.711   .109399  -.097796  .138423
_Inobs_6*|  -.0017313   .0441972    -0.04   0.969   .699538  -.088356  .084894
_Inobs_7*|   .0196264   .0754922     0.29   0.772   .035439  -.128336  .167588
   MNE_f*|   .0413506   .0280843     1.56   0.119   .371341  -.013694  .096395
   MNE_d*|   .0290884   .0263037     1.16   0.244    .31433  -.022466  .080643
  onsite*|  -.0052027   .0181477    -0.29   0.772   .607088  -.040772  .030366
     aa3*|     -.0417   .0376316    -0.62   0.535   .013867  -.115457  .032057
     aa5*|  -.0581956   .0098293    -2.13   0.033   .013867  -.077461  -.03893
     aa6*|  -.0649992   .0205023    -1.44   0.149    .09245  -.105183 -.024815
     aa8*|  -.0641648   .0111707    -2.24   0.025   .038521  -.086059 -.042271
    aa10*|   .0955319   .1814943     0.72   0.472   .026194   -.26019  .451254
    aa14*|  -.0871621   .0192451    -2.42   0.016   .120185  -.124882 -.049442
    aa15*|  -.0550256   .0306584    -0.85   0.396   .060092  -.115115  .005064
    aa16*|  -.0679944   .0122798    -2.33   0.020   .058552  -.092062 -.043927
    aa19*|  -.0475047   .0268518    -0.88   0.380   .030817  -.100133  .005124
    aa23*|  -.0939067   .0184762    -3.09   0.002   .104777   -.13012 -.057694
    aa25*|  -.0819678   .0131053    -6.48   0.000   .035439  -.107654 -.056282
    aa26*|  -.0688719   .0109554    -2.62   0.009   .043143  -.090344   -.0474
    aa31*|  -.0712016   .0149704    -2.00   0.045   .070878  -.100543  -.04186
    aa32*|  -.0133605   .0720837    -0.17   0.867   .026194  -.154642  .127921
    aa35*|  -.0688633   .0148074    -1.97   0.048   .077042  -.097885 -.039841
    aa36*|   .9665556   .0062271        .       .    .03698   .954351  .978761
    aa38*|  -.0528927   .0182319    -1.01   0.315    .01849  -.088627 -.017159
    aa39*|  -.0818654   .0164514    -2.45   0.014   .100154   -.11411 -.049621
    aa40*|   .1555521   .2671313     0.85   0.394   .006163  -.368016   .67912
    aa43*|   .0216259   .1112757     0.22   0.827   .020031   -.19647  .239722
reliab~y |  -.0088196   .0068513    -1.31   0.189   7.45917  -.022248  .004609
reliab~s*|  -.0630936   .0122556    -1.11   0.267   .007704  -.087114 -.039073
     dd1*|  -.0379037   .0304031    -0.80   0.422   .026194  -.097493  .021685
     dd2*|  -.0577207   .0220537    -1.57   0.116   .115562  -.100945 -.014496
     dd3*|  -.0646006   .0253352    -1.71   0.087   .171032  -.114257 -.014944
     dd4*|    -.06178   .0279809    -1.58   0.115   .189522  -.116622 -.006938
     dd5*|  -.0667009   .0278101    -1.71   0.087   .198767  -.121208 -.012194
     dd6*|  -.0714102   .0164801    -2.49   0.013   .114022  -.103711  -.03911
     dd8*|  -.0409519   .0348038    -0.90   0.367   .152542  -.109166  .027262
i_comp~e |   .0004058   .0007703     0.53   0.599   13.9521  -.001104  .001916
i_seni~y |  -.0106044   .0105046    -1.00   0.315   1.51772  -.031193  .009984
i_seni~s*|  -.0738157   .0207532    -1.05   0.295   .013867  -.114491  -.03314
duration |  -.0004397   .0007862    -0.56   0.577   44.7211  -.001981  .001101
durati~s*|  -.0494423   .0333286    -0.60   0.546   .015408  -.114765  .015881
   cc_fr*|   .0094917   .0994353     0.10   0.920   .120185  -.185398  .204381
   cc_ge*|   .1257322     .12557     1.34   0.179   .186441  -.120381  .371845
   cc_it*|   .9587201   .0070639        .       .   .032357   .944875  .972565
   cc_po*|  -.0889258   .0142253    -6.89   0.000   .035439  -.116807 -.061045
   cc_sw*|   .4445561   .1910285     3.25   0.001   .183359   .070147  .818965
   cc_uk*|   .0421586   .0496476     0.96   0.339   .278891  -.055149  .139466
_Isi~202*|  -.0289613   .0416243    -0.52   0.605   .016949  -.110543  .052621
_Isi~205*|   .0038163   .0780511     0.05   0.960   .016949  -.149161  .156794
_Isi~206*|  -.0125413   .0809579    -0.14   0.889   .009245  -.171216  .146133
_Isi~221*|   .1637378   .2900398     0.83   0.406   .004622   -.40473  .732205
_Isi~224*|   .0333854   .1306004     0.30   0.762   .003082  -.222587  .289358
_Isi~228*|   .0159978    .091005     0.19   0.847   .009245  -.162369  .194364
_Isi~229*|  -.0502854   .0170532    -1.18   0.238   .016949  -.083709 -.016862
_Isi~232*|  -.0326539   .0438805    -0.52   0.606   .010786  -.118658   .05335
_Isi~251*|   .0616576   .1410773     0.56   0.573    .01849  -.214849  .338164
_Isi~254*|   .3329636   .3710566     1.35   0.176   .003082  -.394294  1.06022
_Isi~262*|   .0234982   .0783749     0.34   0.733   .033898  -.130114   .17711
_Isi~265*|  -.0465588   .0217808    -1.11   0.268   .035439  -.089248 -.003869
_Isi~267*|  -.0519831   .0145538    -1.45   0.146   .020031  -.080508 -.023458
_Isi~273*|  -.0253039   .0559605    -0.35   0.726   .009245  -.134985  .084377
_Isi~274*|    .613279    .358184     2.04   0.041   .003082  -.088749  1.31531
_Isi~275*|  -.0425179   .0237945    -1.03   0.302   .029276  -.089154  .004118
_Isi~279*|   .4607371   .3938604     1.65   0.099   .003082  -.311215  1.23269
_Isi~282*|  -.0579265    .010291    -1.88   0.060   .021572  -.078096 -.037757
_Isi~285*|  -.0597861   .0098579    -2.24   0.025   .023112  -.079107 -.040465
_Isi~286*|  -.0501147   .0160595    -1.25   0.210   .010786  -.081591 -.018639
_Isi~287*|  -.0429526   .0254911    -0.92   0.357   .015408  -.092914  .007009
_Isi~289*|  -.0324662   .0346611    -0.66   0.510    .01849  -.100401  .035468
_Isi~299*|  -.0302486   .0460039    -0.47   0.639   .004622  -.120415  .059917
_Isi~306*|  -.0038396    .067986    -0.05   0.956   .020031   -.13709  .129411
_Isi~308*|  -.0334117   .0321453    -0.77   0.442   .080123  -.096415  .029592
_Isi~323*|  -.0216591   .0724909    -0.24   0.807   .007704  -.163739   .12042
_Isi~326*|  -.0134737   .0742617    -0.16   0.871   .010786  -.159024  .132077
_Isi~331*|  -.0407314   .0266997    -0.90   0.367   .023112  -.093062  .011599
_Isi~333*|  -.0436153   .0250776    -0.93   0.350   .020031  -.092767  .005536
_Isi~342*|   .0311426   .1496186     0.24   0.807   .006163  -.262105   .32439
_Isi~344*|  -.0089836   .0602434    -0.14   0.889   .023112  -.127059  .109091
_Isi~347*|   .9463302   .0091603    10.53   0.000   .003082   .928376  .964284
_Isi~349*|  -.0567939   .0157394    -1.77   0.077    .07396  -.087643 -.025945
_Isi~352*|   -.021112   .0570517    -0.30   0.761   .006163  -.132931  .090707
_Isi~354*|  -.0596145   .0102162    -1.97   0.048   .026194  -.079638 -.039591
_Isi~355*|  -.0518142    .017083    -1.50   0.134   .050847  -.085296 -.018332
_Isi~356*|  -.0491325   .0185152    -1.39   0.164   .050847  -.085422 -.012843
_Isi~357*|  -.0473264   .0233622    -0.88   0.379   .007704  -.093115 -.001537
_Isi~362*|  -.0493083    .017844    -1.40   0.161   .040062  -.084282 -.014335
_Isi~363*|  -.0527737   .0129822    -1.31   0.189   .007704  -.078218 -.027329
_Isi~364*|  -.0532893   .0133165    -1.57   0.116   .020031  -.079389 -.027189
_Isi~366*|  -.0007984   .0666943    -0.01   0.991   .015408  -.131517   .12992
_Isi~369*|  -.0532612   .0139441    -1.49   0.137   .023112  -.080591 -.025931
_Isi~371*|  -.0626204   .0111093    -2.16   0.031   .052388  -.084394 -.040847
_Isi~372*|  -.0547396   .0125355    -1.21   0.225   .013867  -.079309 -.030171
_Isi~374*|   -.033471   .0463434    -0.48   0.628   .004622  -.124302   .05736
_Isi~381*|  -.0455865   .0238244    -0.95   0.341   .020031  -.092282  .001109
_Isi~384*|  -.0441794   .0234509    -0.99   0.323    .01849  -.090142  .001784
_Isi~399*|  -.0467722   .0230857    -0.92   0.357   .009245  -.092019 -.001525
_Isi~671*|   .0901806   .1764026     0.69   0.487   .006163  -.255562  .435923
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0563939  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est7 stored)

. * Condition on industries with at least 3 firms
. eststo:xi:dprobit pace w_workstation  w_net       lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic if count_sic1>3, 
> cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: _Inobs_2 != 0 predicts failure perfectly
      _Inobs_2 dropped and 31 obs not used

note: onsitem != 0 predicts failure perfectly
      onsitem dropped and 11 obs not used

note: aa1 != 0 predicts failure perfectly
      aa1 dropped and 29 obs not used

note: aa2 != 0 predicts failure perfectly
      aa2 dropped and 1 obs not used

note: aa4 != 0 predicts failure perfectly
      aa4 dropped and 12 obs not used

note: aa5 != 0 predicts failure perfectly
      aa5 dropped and 11 obs not used

note: aa7 != 0 predicts failure perfectly
      aa7 dropped and 4 obs not used

note: aa9 != 0 predicts failure perfectly
      aa9 dropped and 1 obs not used

note: aa12 != 0 predicts failure perfectly
      aa12 dropped and 32 obs not used

note: aa13 != 0 predicts failure perfectly
      aa13 dropped and 3 obs not used

note: aa17 != 0 predicts failure perfectly
      aa17 dropped and 27 obs not used

note: aa22 != 0 predicts failure perfectly
      aa22 dropped and 4 obs not used

note: aa24 != 0 predicts failure perfectly
      aa24 dropped and 2 obs not used

note: aa27 != 0 predicts failure perfectly
      aa27 dropped and 16 obs not used

note: aa33 != 0 predicts failure perfectly
      aa33 dropped and 3 obs not used

note: aa34 != 0 predicts failure perfectly
      aa34 dropped and 4 obs not used

note: aa37 != 0 predicts failure perfectly
      aa37 dropped and 19 obs not used

note: aa41 != 0 predicts failure perfectly
      aa41 dropped and 2 obs not used

note: aa42 != 0 predicts failure perfectly
      aa42 dropped and 1 obs not used

note: aa44 != 0 predicts failure perfectly
      aa44 dropped and 3 obs not used

note: aa45 != 0 predicts failure perfectly
      aa45 dropped and 5 obs not used

note: aa46 != 0 predicts failure perfectly
      aa46 dropped and 7 obs not used

note: aa47 != 0 predicts failure perfectly
      aa47 dropped and 1 obs not used

note: i_comptenuremiss != 0 predicts failure perfectly
      i_comptenuremiss dropped and 3 obs not used

note: _Isic_203 != 0 predicts failure perfectly
      _Isic_203 dropped and 10 obs not used

note: _Isic_204 != 0 predicts failure perfectly
      _Isic_204 dropped and 3 obs not used

note: _Isic_207 != 0 predicts failure perfectly
      _Isic_207 dropped and 3 obs not used

note: _Isic_208 != 0 predicts failure perfectly
      _Isic_208 dropped and 19 obs not used

note: aa30 != 0 predicts success perfectly
      aa30 dropped and 1 obs not used

note: _Isic_209 != 0 predicts failure perfectly
      _Isic_209 dropped and 5 obs not used

note: _Isic_225 != 0 predicts failure perfectly
      _Isic_225 dropped and 3 obs not used

note: _Isic_226 != 0 predicts failure perfectly
      _Isic_226 dropped and 3 obs not used

note: _Isic_227 != 0 predicts failure perfectly
      _Isic_227 dropped and 4 obs not used

note: _Isic_242 != 0 predicts failure perfectly
      _Isic_242 dropped and 4 obs not used

note: _Isic_243 != 0 predicts failure perfectly
      _Isic_243 dropped and 4 obs not used

note: _Isic_245 != 0 predicts failure perfectly
      _Isic_245 dropped and 6 obs not used

note: _Isic_252 != 0 predicts failure perfectly
      _Isic_252 dropped and 3 obs not used

note: _Isic_271 != 0 predicts failure perfectly
      _Isic_271 dropped and 3 obs not used

note: _Isic_281 != 0 predicts failure perfectly
      _Isic_281 dropped and 8 obs not used

note: _Isic_283 != 0 predicts failure perfectly
      _Isic_283 dropped and 16 obs not used

note: _Isic_284 != 0 predicts failure perfectly
      _Isic_284 dropped and 15 obs not used

note: _Isic_302 != 0 predicts failure perfectly
      _Isic_302 dropped and 1 obs not used

note: _Isic_311 != 0 predicts failure perfectly
      _Isic_311 dropped and 1 obs not used

note: _Isic_321 != 0 predicts failure perfectly
      _Isic_321 dropped and 5 obs not used

note: _Isic_324 != 0 predicts failure perfectly
      _Isic_324 dropped and 4 obs not used

note: _Isic_325 != 0 predicts failure perfectly
      _Isic_325 dropped and 3 obs not used

note: _Isic_327 != 0 predicts failure perfectly
      _Isic_327 dropped and 11 obs not used

note: _Isic_332 != 0 predicts failure perfectly
      _Isic_332 dropped and 4 obs not used

note: _Isic_336 != 0 predicts failure perfectly
      _Isic_336 dropped and 3 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 3 obs not used

note: _Isic_341 != 0 predicts success perfectly
      _Isic_341 dropped and 1 obs not used

note: aa20 != 0 predicts failure perfectly
      aa20 dropped and 11 obs not used

note: _Isic_343 != 0 predicts failure perfectly
      _Isic_343 dropped and 2 obs not used

note: _Isic_345 != 0 predicts failure perfectly
      _Isic_345 dropped and 9 obs not used

note: _Isic_346 != 0 predicts failure perfectly
      _Isic_346 dropped and 9 obs not used

note: _Isic_353 != 0 predicts failure perfectly
      _Isic_353 dropped and 14 obs not used

note: _Isic_367 != 0 predicts failure perfectly
      _Isic_367 dropped and 11 obs not used

note: _Isic_373 != 0 predicts failure perfectly
      _Isic_373 dropped and 5 obs not used

note: _Isic_382 != 0 predicts failure perfectly
      _Isic_382 dropped and 11 obs not used

note: _Isic_391 != 0 predicts failure perfectly
      _Isic_391 dropped and 3 obs not used

note: yy dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_214 dropped because of collinearity
note: _Isic_221 dropped because of collinearity
note: _Isic_224 dropped because of collinearity
note: _Isic_233 dropped because of collinearity
note: _Isic_235 dropped because of collinearity
note: _Isic_238 dropped because of collinearity
note: _Isic_239 dropped because of collinearity
note: _Isic_249 dropped because of collinearity
note: _Isic_254 dropped because of collinearity
note: _Isic_261 dropped because of collinearity
note: _Isic_272 dropped because of collinearity
note: _Isic_274 dropped because of collinearity
note: _Isic_278 dropped because of collinearity
note: _Isic_279 dropped because of collinearity
note: _Isic_299 dropped because of collinearity
note: _Isic_301 dropped because of collinearity
note: _Isic_305 dropped because of collinearity
note: _Isic_322 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_329 dropped because of collinearity
note: _Isic_334 dropped because of collinearity
note: _Isic_335 dropped because of collinearity
note: _Isic_347 dropped because of collinearity
note: _Isic_348 dropped because of collinearity
note: _Isic_351 dropped because of collinearity
note: _Isic_358 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_361 dropped because of collinearity
note: _Isic_365 dropped because of collinearity
note: _Isic_374 dropped because of collinearity
note: _Isic_375 dropped because of collinearity
note: _Isic_379 dropped because of collinearity
note: _Isic_394 dropped because of collinearity
note: _Isic_395 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -253.15958
Iteration 1:   log pseudolikelihood = -183.76559
Iteration 2:   log pseudolikelihood = -177.50427
Iteration 3:   log pseudolikelihood = -176.97599
Iteration 4:   log pseudolikelihood = -176.94891
Iteration 5:   log pseudolikelihood = -176.94253
Iteration 6:   log pseudolikelihood = -176.94056
Iteration 7:   log pseudolikelihood = -176.93993
Iteration 8:   log pseudolikelihood = -176.93973
Iteration 9:   log pseudolikelihood = -176.93966
Iteration 10:  log pseudolikelihood = -176.93964
Iteration 11:  log pseudolikelihood = -176.93963
Iteration 12:  log pseudolikelihood = -176.93963
Iteration 13:  log pseudolikelihood = -176.93963
Iteration 14:  log pseudolikelihood = -176.93963
Iteration 15:  log pseudolikelihood = -176.93963
Iteration 16:  log pseudolikelihood = -176.93963
Iteration 17:  log pseudolikelihood = -176.93963
Iteration 18:  log pseudolikelihood = -176.93963
Iteration 19:  log pseudolikelihood = -176.93963

Probit regression, reporting marginal effects           Number of obs =    608
                                                        Wald chi2(96) =      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -176.93963                       Pseudo R2     = 0.3011

                           (Std. Err. adjusted for 574 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |    .115473   .0545383     2.20   0.028   .029002    .00858  .222366
   w_net |  -.0567651   .0301347    -1.89   0.059   .362677  -.115828  .002298
  lpcemp |   .0317828    .017031     1.90   0.058  -2.47411  -.001597  .065163
 lpcempm*|   .9704405   .0155078     1.95   0.051   .016447   .940046  1.00084
ldegre~t |   .0404063    .013115     3.09   0.002   2.02592   .014701  .066111
ldegre~s*|   .1025425   .0771548     1.70   0.089   .128289  -.048678  .253763
_Inobs_3*|  -.0613501   .0257769    -1.21   0.228   .049342  -.111872 -.010828
_Inobs_4*|  -.0686461   .0158051    -1.82   0.069   .049342  -.099624 -.037669
_Inobs_5*|   .0061182   .0603965     0.10   0.917   .111842  -.112257  .124493
_Inobs_6*|  -.0271334   .0566532    -0.51   0.613   .715461  -.138172  .083905
_Inobs_7*|   .0155746   .0826348     0.20   0.839   .036184  -.146387  .177536
    ln_N |    .008729   .0127407     0.69   0.489   4.06115  -.016242    .0337
ln_N_m~s*|   .9471685   .0215736     0.72   0.473   .018092   .904885  .989452
   share |  -.0047312   .0166001    -0.28   0.777  -8.20173  -.037267  .027804
sharem~s*|  -.1111192    .176499    -0.28   0.777   .075658  -.457051  .234813
   MNE_f*|   .0520979   .0341024     1.63   0.103      .375  -.014741  .118937
   MNE_d*|   .0331719   .0321483     1.09   0.274   .327303  -.029838  .096181
  onsite*|  -.0019795    .021385    -0.09   0.926   .611842  -.043893  .039934
     aa3*|  -.0360787   .0694902    -0.38   0.704   .009868  -.172277  .100119
     aa6*|  -.0767266    .026513    -1.37   0.170   .097039  -.128691 -.024762
     aa8*|  -.0778485   .0142117    -2.25   0.024   .041118  -.105703 -.049994
    aa10*|   .1249714   .2110686     0.81   0.419   .027961  -.288715  .538658
    aa14*|  -.1046854   .0236173    -2.41   0.016   .123355  -.150975 -.058396
    aa15*|  -.0671195    .035128    -0.90   0.369     .0625  -.135969   .00173
    aa16*|  -.0821027    .015426    -2.37   0.018   .059211  -.112337 -.051868
    aa19*|  -.0528893   .0400358    -0.75   0.456    .03125  -.131358  .025579
    aa23*|  -.1122057   .0223683    -3.05   0.002   .108553  -.156047 -.068365
    aa25*|  -.0972031    .016587    -6.46   0.000   .034539  -.129713 -.064693
    aa26*|  -.0786636   .0138934    -2.45   0.014   .039474  -.105894 -.051433
    aa31*|  -.0871716   .0181352    -2.13   0.033   .072368  -.122716 -.051627
    aa32*|     -.0281   .0698186    -0.33   0.744   .026316  -.164942  .108742
    aa35*|   -.085777    .017158    -2.23   0.026   .075658  -.119406 -.052148
    aa36*|   .9551784   .0091462     6.88   0.000    .03125   .937252  .973105
    aa38*|  -.0649874   .0211023    -1.07   0.287   .019737  -.106347 -.023628
    aa39*|   -.098428   .0212206    -2.41   0.016   .105263   -.14002 -.056836
    aa40*|   .1126369   .2437702     0.62   0.532   .006579  -.365144  .590418
    aa43*|   .0038893    .105556     0.04   0.970   .021382  -.202997  .210775
reliab~y |  -.0085062   .0081105    -1.09   0.277   7.40461  -.024402   .00739
reliab~s*|  -.0429687   .7684569    -0.04   0.971   .008224  -1.54912  1.46318
     dd2*|  -.0394573   .0372922    -0.85   0.398   .113487  -.112549  .033634
     dd3*|  -.0403857   .0395501    -0.85   0.395   .171053  -.117903  .037131
     dd4*|  -.0391972   .0426375    -0.78   0.437   .179276  -.122765  .044371
     dd5*|  -.0368682   .0411219    -0.78   0.435   .200658  -.117466  .043729
     dd6*|  -.0702502   .0229931    -1.97   0.049   .118421  -.115316 -.025185
     dd7*|   .0760905   .1311058     0.74   0.462   .032895  -.180872  .333053
     dd8*|  -.0124535   .0508572    -0.23   0.816    .15625  -.112132  .087225
i_comp~e |   .0001639   .0009118     0.18   0.857   13.9168  -.001623  .001951
i_seni~y |  -.0133237   .0131897    -1.08   0.279   1.59868  -.039175  .012528
i_seni~s*|  -.1013104   .0165273        .       .   .013158  -.133703 -.068917
duration |  -.0007437   .0009236    -0.80   0.423   44.9161  -.002554  .001066
durati~s*|  -.0617372   .0347951    -0.67   0.502   .016447  -.129934   .00646
   cc_fr*|    .056636   .1533447     0.44   0.659   .123355  -.243914  .357186
   cc_ge*|   .1797411   .1492283     1.61   0.107   .197368  -.112741  .472223
   cc_it*|   .9514077   .0093688        .       .    .03125   .933045   .96977
   cc_po*|  -.0973992   .0160584        .       .   .029605  -.128873 -.065925
   cc_sw*|   .4995383   .1952671     3.30   0.001   .189145   .116822  .882255
   cc_uk*|   .1114433   .0792707     1.72   0.086   .273026  -.043924  .266811
_Isi~202*|  -.0366816   .0468734    -0.57   0.569   .018092  -.128552  .055188
_Isi~205*|   .0193829   .1055303     0.20   0.840   .018092  -.187453  .226218
_Isi~206*|  -.0079508   .1036572    -0.07   0.942   .009868  -.211115  .195214
_Isi~228*|   .0486981   .1302335     0.45   0.654   .009868  -.206555  .303951
_Isi~229*|  -.0572764   .0255036    -1.04   0.298   .018092  -.107263  -.00729
_Isi~232*|  -.0379384   .0518758    -0.52   0.601   .011513  -.139613  .063736
_Isi~251*|    .072721   .1567712     0.59   0.554   .019737  -.234545  .379987
_Isi~262*|   .0379498   .0947303     0.47   0.641   .036184  -.147718  .223618
_Isi~265*|  -.0533303   .0298092    -1.00   0.316   .032895  -.111755  .005095
_Isi~267*|  -.0609321   .0205194    -1.30   0.194   .019737  -.101149 -.020715
_Isi~273*|  -.0284626   .0679207    -0.33   0.738   .009868  -.161585  .104659
_Isi~275*|  -.0496437   .0308587    -0.98   0.328    .03125  -.110126  .010838
_Isi~282*|  -.0684431   .0139761    -1.78   0.076   .021382  -.095836 -.041051
_Isi~285*|  -.0717798    .012978    -2.11   0.035   .024671  -.097216 -.046343
_Isi~286*|  -.0589052   .0217518    -1.19   0.233   .011513  -.101538 -.016273
_Isi~287*|  -.0473318   .0363653    -0.79   0.428   .013158  -.118606  .023943
_Isi~289*|  -.0469561   .0314192    -0.92   0.359   .018092  -.108537  .014625
_Isi~306*|   .0125652   .0941808     0.14   0.887   .021382  -.172026  .197156
_Isi~308*|  -.0361874   .0409123    -0.68   0.494   .080592  -.116374  .043999
_Isi~323*|  -.0158921   .0970246    -0.15   0.883   .008224  -.206057  .174273
_Isi~326*|  -.0113443   .0915113    -0.12   0.908   .011513  -.190703  .168015
_Isi~331*|  -.0433681   .0384557    -0.75   0.452   .024671   -.11874  .032004
_Isi~333*|  -.0474578   .0357006    -0.81   0.420   .019737   -.11743  .022514
_Isi~342*|   .0392249   .1804754     0.26   0.799   .006579    -.3145   .39295
_Isi~344*|   .0056464   .0849964     0.07   0.945   .023026  -.160944  .172236
_Isi~349*|  -.0659532    .021294    -1.66   0.096   .075658  -.107689 -.024218
_Isi~352*|  -.0081443   .0862002    -0.09   0.928   .004934  -.177094  .160805
_Isi~354*|  -.0693845   .0147649    -1.71   0.086   .027961  -.098323 -.040446
_Isi~355*|  -.0614645   .0215314    -1.47   0.141   .054276  -.103665 -.019264
_Isi~356*|  -.0547915   .0258699    -1.23   0.219   .050987  -.105496 -.004087
_Isi~357*|  -.0539168   .0340704    -0.78   0.433   .008224  -.120694   .01286
_Isi~362*|  -.0562732   .0244878    -1.27   0.203   .041118  -.104268 -.008278
_Isi~363*|  -.0619205   .0188493    -1.23   0.217   .008224  -.098864 -.024976
_Isi~364*|  -.0611763   .0199403    -1.39   0.166   .021382  -.100259 -.022094
_Isi~366*|   .0031375   .0818847     0.04   0.969   .016447  -.157354  .163629
_Isi~369*|  -.0620348   .0191541    -1.40   0.163   .024671  -.099576 -.024493
_Isi~371*|  -.0750087   .0141694    -2.10   0.036   .054276   -.10278 -.047237
_Isi~372*|   -.065475   .0166319    -1.20   0.231   .014803  -.098073 -.032877
_Isi~381*|  -.0551266   .0280113    -1.00   0.319   .021382  -.110028 -.000225
_Isi~384*|  -.0521207   .0290889    -0.97   0.333   .016447  -.109134  .004892
_Isi~399*|  -.0584195   .0251722    -1.01   0.312   .009868  -.107756 -.009083
_Isi~671*|   .0634552   .1655243     0.48   0.634   .006579  -.260966  .387877
---------+--------------------------------------------------------------------
  obs. P |   .1463816
 pred. P |   .0683752  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est8 stored)

. esttab using Table7_B_marg.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(nostar fmt(3))) star(* 0.10 ** 0.05 *** 0.01) keep(w_work
> * w_net*) nogap margin
(note: file Table7_B_marg.csv not found)
(output written to Table7_B_marg.csv)

. 
. 
. * PM span
. cap estimates drop *

. * 1 Baseline
. eststo:areg lspa w_workstation w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa4==1,
>  cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  83,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2147
                                                  Adj R-squared   =     0.0048
                                                  Root MSE        =     0.5246

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2464462   .1186768     2.08   0.038     .0135154     .479377
           w_net |  -.0207178   .0580539    -0.36   0.721     -.134662    .0932265
          lpcemp |   .0060324   .0300176     0.20   0.841    -.0528841     .064949
         lpcempm |   .6824172   2.954216     0.23   0.817    -5.115919    6.480754
              yy |          0  (omitted)
       ldegree_t |   .0391692   .0231183     1.69   0.091    -.0062058    .0845442
   ldegree_tmiss |   .1771992   .0840719     2.11   0.035     .0121886    .3422098
                 |
            nobs |
              2  |  -.0215549   .1876898    -0.11   0.909    -.3899398      .34683
              3  |  -.0228144   .1882275    -0.12   0.904    -.3922547    .3466259
              4  |   .0687344   .1753185     0.39   0.695     -.275369    .4128378
              5  |  -.0185654   .1512631    -0.12   0.902    -.3154545    .2783237
              6  |   .0134094   .1436704     0.09   0.926    -.2685772     .295396
              7  |  -.0177447   .1841312    -0.10   0.923    -.3791451    .3436556
                 |
            ln_N |   .0607442   .0264286     2.30   0.022     .0088719    .1126164
       ln_N_miss |   11.57265   5.429036     2.13   0.033     .9169002    22.22839
           share |    .049791   .0333309     1.49   0.136    -.0156287    .1152107
       sharemiss |          0  (omitted)
           MNE_f |   .0248153   .0566071     0.44   0.661    -.0862894    .1359199
           MNE_d |   .0641588   .0573852     1.12   0.264     -.048473    .1767907
          onsite |   .0142838   .0470392     0.30   0.761    -.0780415     .106609
         onsitem |    1.25887   4.677206     0.27   0.788    -7.921235    10.43897
             aa1 |   .0234513    .250239     0.09   0.925    -.4677009    .5146036
             aa2 |   .8302725   .2232349     3.72   0.000     .3921221    1.268423
             aa3 |  -.2646865   .2981636    -0.89   0.375     -.849902    .3205289
             aa4 |   .5220732   .4968225     1.05   0.294    -.4530565    1.497203
             aa5 |   .1445602   .2048466     0.71   0.481    -.2574989    .5466193
             aa6 |  -.1456164   .1914363    -0.76   0.447    -.5213547    .2301218
             aa7 |  -.4387394   .3667578    -1.20   0.232    -1.158587     .281108
             aa8 |  -.1351531   .1575435    -0.86   0.391    -.4443688    .1740626
             aa9 |   .1622693   .2480982     0.65   0.513    -.3246812    .6492198
            aa10 |  -.4043445   .1801269    -2.24   0.025    -.7578854   -.0508036
            aa11 |          0  (omitted)
            aa12 |   .3494972    .431362     0.81   0.418    -.4971512    1.196146
            aa13 |   .2329385   .2752278     0.85   0.398    -.3072601    .7731371
            aa14 |  -.1401179   .1846332    -0.76   0.448    -.5025036    .2222678
            aa15 |  -.3464172   .2236149    -1.55   0.122    -.7853135    .0924791
            aa16 |  -.1282667   .1761811    -0.73   0.467    -.4740632    .2175298
            aa17 |  -.0365013    .292249    -0.12   0.901     -.610108    .5371053
            aa18 |          0  (omitted)
            aa19 |  -.0634903   .1623755    -0.39   0.696    -.3821899    .2552093
            aa20 |   .0322865   .2418507     0.13   0.894    -.4424017    .5069748
            aa21 |  -.4502919   .3203301    -1.41   0.160    -1.079014    .1784304
            aa22 |   .4517143   .2125928     2.12   0.034     .0344516    .8689771
            aa23 |   .0298457   .1867428     0.16   0.873    -.3366805     .396372
            aa24 |  -.1889432   .3495908    -0.54   0.589    -.8750965      .49721
            aa25 |   .0876599   .4095568     0.21   0.831    -.7161907    .8915105
            aa26 |  -.0322793   .1548687    -0.21   0.835    -.3362451    .2716866
            aa27 |   .0345729   .2157999     0.16   0.873    -.3889845    .4581304
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.174848   .2374485     4.95   0.000     .7087997    1.640896
            aa31 |   .0228717   .1865295     0.12   0.902    -.3432359    .3889793
            aa32 |  -.5264718   .3738784    -1.41   0.159    -1.260295    .2073515
            aa33 |          0  (omitted)
            aa34 |    -.35054    .214352    -1.64   0.102    -.7712557    .0701757
            aa35 |   -.132864   .1552174    -0.86   0.392    -.4375143    .1717863
            aa36 |  -.0180582   .2881548    -0.06   0.950    -.5836291    .5475127
            aa37 |          0  (omitted)
            aa38 |   .0841786   .2134382     0.39   0.693    -.3347435    .5031007
            aa39 |  -.0257978   .1882544    -0.14   0.891    -.3952908    .3436953
            aa40 |   .0163922   .2162707     0.08   0.940    -.4080894    .4408738
            aa41 |  -.5812711      .3139    -1.85   0.064    -1.197373    .0348306
            aa42 |          0  (omitted)
            aa43 |   .0530701   .1802626     0.29   0.769    -.3007373    .4068775
            aa44 |  -.4006465   .2062042    -1.94   0.052    -.8053703    .0040773
            aa45 |  -.0681178   .2528476    -0.27   0.788      -.56439    .4281544
            aa46 |  -.1275367   .2461956    -0.52   0.605    -.6107528    .3556793
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |    .015774    .015505     1.02   0.309    -.0146581    .0462061
 reliabilitymiss |   2.498619    1.70908     1.46   0.144    -.8558484    5.853087
             dd1 |   -.080161   .1549073    -0.52   0.605    -.3842026    .2238806
             dd2 |  -.0427279   .0831926    -0.51   0.608    -.2060127    .1205568
             dd3 |   .0398248   .0794924     0.50   0.617    -.1161976    .1958472
             dd4 |  -.0244916   .0751976    -0.33   0.745    -.1720844    .1231012
             dd5 |  -.0362806    .075289    -0.48   0.630    -.1840529    .1114917
             dd6 |  -.0238854   .0826988    -0.29   0.773    -.1862011    .1384303
             dd7 |  -.1659901   .1175622    -1.41   0.158    -.3967332    .0647531
             dd8 |          0  (omitted)
    i_comptenure |  -.0013465   .0019627    -0.69   0.493    -.0051988    .0025057
i_comptenuremiss |  -.5679051   .2893556    -1.96   0.050    -1.135833    .0000226
     i_seniority |  -.0323045   .0275192    -1.17   0.241    -.0863172    .0217083
 i_senioritymiss |  -3.366623   2.817778    -1.19   0.233    -8.897169    2.163922
        duration |  -.0054561   .0019233    -2.84   0.005    -.0092311   -.0016811
    durationmiss |  -1.060832   .3351121    -3.17   0.002    -1.718568   -.4030969
          zcount |  -.0662892   .1094562    -0.61   0.545    -.2811224     .148544
         zcount4 |  -.2625975   .2457685    -1.07   0.286    -.7449755    .2197805
         zcount5 |   .0259569   .1256409     0.21   0.836    -.2206427    .2725564
         zcount6 |   .2322211   .3082306     0.75   0.451    -.3727532    .8371954
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   .0208899   .1666861     0.13   0.900    -.3062704    .3480502
           cc_ge |   .0127482   .1270345     0.10   0.920    -.2365866    .2620831
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3998769   .4066218    -0.98   0.326    -1.197967     .398213
           cc_jp |          0  (omitted)
           cc_po |  -.0698476   .2767981    -0.25   0.801    -.6131284    .4734331
           cc_pt |   .6450879   .2716462     2.37   0.018      .111919    1.178257
           cc_sw |   .0521923   .1485377     0.35   0.725    -.2393474     .343732
           cc_uk |  -.0818494   .0860902    -0.95   0.342    -.2508215    .0871227
           _cons |   2.043218   .5638742     3.62   0.000     .9364833    3.149952
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est1 stored)

. * 7 Regional dummies
. eststo:xi: areg lspa llernermedian*   w_workstation w_net lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* i.wvs i
> f levels_ceopm>0 & sa4==1  , cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.wvs_reg         _Iwvs_reg_1-66      (_Iwvs_reg_1 for wvs~g==Alentejo omitted)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: _Iwvs_reg_26 omitted because of collinearity
note: _Iwvs_reg_43 omitted because of collinearity
note: _Iwvs_reg_46 omitted because of collinearity
note: _Iwvs_reg_49 omitted because of collinearity
note: _Iwvs_reg_51 omitted because of collinearity
note: _Iwvs_reg_61 omitted because of collinearity
note: _Iwvs_reg_63 omitted because of collinearity
note: _Iwvs_reg_64 omitted because of collinearity
note: _Iwvs_reg_66 omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F( 139,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2852
                                                  Adj R-squared   =     0.0137
                                                  Root MSE        =     0.5214

                                (Std. Err. adjusted for 859 clusters in company_id)
-----------------------------------------------------------------------------------
                  |               Robust
             lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
    llernermedian |  -2.068956   1.753383    -1.18   0.238    -5.510377    1.372466
llernermedianmiss |  -207.5996   175.2776    -1.18   0.237    -551.6226    136.4234
    w_workstation |   .3404827   .1199166     2.84   0.005     .1051185    .5758468
            w_net |  -.0097029   .0624663    -0.16   0.877    -.1323075    .1129017
           lpcemp |  -.0052495   .0310075    -0.17   0.866    -.0661088    .0556099
          lpcempm |  -.5006072    3.04587    -0.16   0.869    -6.478836    5.477621
               yy |          0  (omitted)
        ldegree_t |   .0378972   .0235273     1.61   0.108    -.0082805    .0840749
    ldegree_tmiss |   .1495643   .0875732     1.71   0.088    -.0223186    .3214472
         _Inobs_2 |  -.0793486   .1979325    -0.40   0.689    -.4678371      .30914
         _Inobs_3 |  -.0880449   .1905465    -0.46   0.644    -.4620367    .2859469
         _Inobs_4 |   .1253902    .177927     0.70   0.481    -.2238328    .4746133
         _Inobs_5 |  -.0054599   .1596551    -0.03   0.973    -.3188202    .3079004
         _Inobs_6 |   .0091984    .151021     0.06   0.951    -.2872155    .3056122
         _Inobs_7 |   .0058514   .1951988     0.03   0.976    -.3772716    .3889745
             ln_N |    .061902   .0284217     2.18   0.030     .0061177    .1176862
        ln_N_miss |   10.61596   5.720444     1.86   0.064    -.6117378    21.84367
            share |   .0390174   .0350684     1.11   0.266    -.0298125    .1078473
        sharemiss |          0  (omitted)
            MNE_f |   .0215454    .058623     0.37   0.713     -.093516    .1366067
            MNE_d |   .0628263   .0584614     1.07   0.283    -.0519178    .1775704
           onsite |   .0250398   .0490557     0.51   0.610    -.0712434    .1213229
          onsitem |   2.301098   4.881699     0.47   0.637    -7.280373    11.88257
              aa1 |   .1968458   .2762527     0.71   0.476    -.3453644    .7390559
              aa2 |   1.030033   .2953067     3.49   0.001     .4504247    1.609641
              aa3 |   .0329465   .3259729     0.10   0.920    -.6068511    .6727441
              aa4 |   .7684313   .5353874     1.44   0.152    -.2823911    1.819254
              aa5 |    .426623   .2569975     1.66   0.097    -.0777943    .9310403
              aa6 |   .1374157   .2415716     0.57   0.570    -.3367247    .6115561
              aa7 |   .1256335   .3892166     0.32   0.747    -.6382947    .8895616
              aa8 |   .1496039   .2204544     0.68   0.498    -.2830892     .582297
              aa9 |   .4260579   .2906594     1.47   0.143    -.1444287    .9965446
             aa10 |  -.1625251   .2152177    -0.76   0.450    -.5849398    .2598896
             aa11 |          0  (omitted)
             aa12 |   .6046611   .4583012     1.32   0.187    -.2948617    1.504184
             aa13 |   .3960859   .3522616     1.12   0.261    -.2953094    1.087481
             aa14 |   .1342243    .223165     0.60   0.548    -.3037888    .5722375
             aa15 |  -.0676838   .2640915    -0.26   0.798    -.5860248    .4506571
             aa16 |   .1625701   .2217281     0.73   0.464    -.2726229     .597763
             aa17 |    .137381    .313843     0.44   0.662    -.4786089    .7533709
             aa18 |          0  (omitted)
             aa19 |   .0804158   .1987763     0.40   0.686     -.309729    .4705607
             aa20 |    .233032   .2753859     0.85   0.398     -.307477    .7735409
             aa21 |  -.2144578   .3419505    -0.63   0.531    -.8856153    .4566997
             aa22 |   .3664464   .2373405     1.54   0.123    -.0993895    .8322824
             aa23 |    .328332   .2363848     1.39   0.165    -.1356282    .7922922
             aa24 |  -.0081058   .4032037    -0.02   0.984     -.799487    .7832753
             aa25 |   .3754602   .4579785     0.82   0.413    -.5234292     1.27435
             aa26 |   .2106877   .2094546     1.01   0.315    -.2004157    .6217911
             aa27 |   .2438145   .2374552     1.03   0.305    -.2222466    .7098756
             aa28 |          0  (omitted)
             aa29 |          0  (omitted)
             aa30 |   1.470114   .3055099     4.81   0.000     .8704797    2.069748
             aa31 |   .2402975   .2337493     1.03   0.304      -.21849    .6990849
             aa32 |   -.174482   .4064031    -0.43   0.668    -.9721427    .6231787
             aa33 |          0  (omitted)
             aa34 |  -.1680327   .2666887    -0.63   0.529    -.6914713    .3554058
             aa35 |   .1234142   .2061548     0.60   0.550    -.2812125    .5280409
             aa36 |   .1293251   .3087261     0.42   0.675    -.4766217    .7352718
             aa37 |          0  (omitted)
             aa38 |   .3293399   .2371313     1.39   0.165    -.1360855    .7947654
             aa39 |   .2224058   .2236992     0.99   0.320     -.216656    .6614675
             aa40 |   .2374573   .2454042     0.97   0.334    -.2442056    .7191202
             aa41 |  -.3174492   .3434412    -0.92   0.356    -.9915326    .3566341
             aa42 |          0  (omitted)
             aa43 |   .3222752   .2335644     1.38   0.168    -.1361494    .7806997
             aa44 |  -.1174371   .2512459    -0.47   0.640    -.6105656    .3756914
             aa45 |   .1229637   .2933653     0.42   0.675     -.452834    .6987614
             aa46 |   .1674029   .3042025     0.55   0.582    -.4296653    .7644712
             aa47 |          0  (omitted)
             aa48 |          0  (omitted)
      reliability |   .0065881   .0171518     0.38   0.701    -.0270763    .0402525
  reliabilitymiss |   1.675269     1.8982     0.88   0.378     -2.05039    5.400928
              dd1 |  -.0760781    .170261    -0.45   0.655    -.4102549    .2580986
              dd2 |  -.0064562   .0891571    -0.07   0.942    -.1814479    .1685355
              dd3 |   .0737991   .0847259     0.87   0.384    -.0924952    .2400934
              dd4 |   .0038493   .0813648     0.05   0.962    -.1558481    .1635467
              dd5 |  -.0223645   .0802856    -0.28   0.781    -.1799437    .1352147
              dd6 |  -.0075129   .0891703    -0.08   0.933    -.1825303    .1675046
              dd7 |  -.0942307   .1226091    -0.77   0.442    -.3348796    .1464183
              dd8 |          0  (omitted)
     i_comptenure |  -.0017918   .0021732    -0.82   0.410    -.0060573    .0024736
 i_comptenuremiss |  -.7554499   .3152883    -2.40   0.017    -1.374277   -.1366232
      i_seniority |  -.0390164   .0293056    -1.33   0.183    -.0965354    .0185025
  i_senioritymiss |  -4.136492   3.006938    -1.38   0.169    -10.03831    1.765324
         duration |  -.0063087   .0019724    -3.20   0.001    -.0101801   -.0024373
     durationmiss |  -1.357213   .3978769    -3.41   0.001    -2.138139   -.5762865
           zcount |  -.0548936   .1194126    -0.46   0.646    -.2892687    .1794814
          zcount4 |  -.2254265   .2754572    -0.82   0.413    -.7660754    .3152225
          zcount5 |   .0077483   .1391731     0.06   0.956    -.2654112    .2809079
          zcount6 |   .2590371   .3334811     0.78   0.438    -.3954973    .9135714
          zcount7 |          0  (omitted)
            cc_cn |          0  (omitted)
            cc_fr |   .0225978   .2650878     0.09   0.932    -.4976986    .5428942
            cc_ge |   .2940759   .3468555     0.85   0.397    -.3867086    .9748605
            cc_gr |          0  (omitted)
            cc_in |          0  (omitted)
            cc_it |  -.2216646   .5291225    -0.42   0.675    -1.260191    .8168615
            cc_jp |          0  (omitted)
            cc_po |   -.006791   .3317362    -0.02   0.984    -.6579005    .6443185
            cc_pt |   .2999675   .3856436     0.78   0.437    -.4569478    1.056883
            cc_sw |  -.0404887   .3888685    -0.10   0.917    -.8037337    .7227563
            cc_uk |   1.087527   .2616077     4.16   0.000     .5740608    1.600993
      _Iwvs_reg_2 |  -.2285263   .3108735    -0.74   0.462    -.8386879    .3816352
      _Iwvs_reg_3 |   .2452727   .2212039     1.11   0.268    -.1888913    .6794368
      _Iwvs_reg_4 |    .137029   .3179944     0.43   0.667    -.4871091     .761167
      _Iwvs_reg_5 |    .009817   .3535016     0.03   0.978    -.6840123    .7036462
      _Iwvs_reg_6 |  -.6974945   .4379436    -1.59   0.112    -1.557061    .1620718
      _Iwvs_reg_7 |   .1873177   .2159638     0.87   0.386    -.2365614    .6111968
      _Iwvs_reg_8 |   .2063112   .2345208     0.88   0.379    -.2539905    .6666128
      _Iwvs_reg_9 |    .066863   .3342049     0.20   0.841    -.5890919    .7228178
     _Iwvs_reg_10 |   .2076521   .3834352     0.54   0.588    -.5449288     .960233
     _Iwvs_reg_11 |  -.9543335   .2261616    -4.22   0.000    -1.398228   -.5104387
     _Iwvs_reg_12 |  -.7180858   .3797372    -1.89   0.059    -1.463408    .0272369
     _Iwvs_reg_13 |   .5342067    .196994     2.71   0.007     .1475601    .9208533
     _Iwvs_reg_14 |  -.1673756   .4054686    -0.41   0.680    -.9632021    .6284509
     _Iwvs_reg_15 |  -.1237485   .3342334    -0.37   0.711    -.7797593    .5322623
     _Iwvs_reg_16 |   .2661759   .3652958     0.73   0.466    -.4508021    .9831539
     _Iwvs_reg_17 |   .5934312   .2564373     2.31   0.021     .0901134    1.096749
     _Iwvs_reg_18 |   .4235851   .4572134     0.93   0.354    -.4738025    1.320973
     _Iwvs_reg_19 |   .2732547   .2827697     0.97   0.334    -.2817466     .828256
     _Iwvs_reg_20 |  -.0468903   .3543323    -0.13   0.895    -.7423499    .6485692
     _Iwvs_reg_21 |   .5588969   .4828109     1.16   0.247    -.3887318    1.506526
     _Iwvs_reg_22 |    .028903   .3270959     0.09   0.930    -.6130989    .6709049
     _Iwvs_reg_23 |  -.0931566   .3088613    -0.30   0.763    -.6993687    .5130555
     _Iwvs_reg_24 |  -.1463763   .3134453    -0.47   0.641    -.7615858    .4688331
     _Iwvs_reg_25 |   .3504942   .3497952     1.00   0.317    -.3360603    1.037049
     _Iwvs_reg_26 |          0  (omitted)
     _Iwvs_reg_27 |   -.980505   .2195008    -4.47   0.000    -1.411327   -.5496836
     _Iwvs_reg_28 |   -.415376   .3323669    -1.25   0.212    -1.067723    .2369714
     _Iwvs_reg_29 |   .1285593   .2806511     0.46   0.647    -.4222838    .6794023
     _Iwvs_reg_30 |   .3762839   .2611861     1.44   0.150    -.1363547    .8889225
     _Iwvs_reg_31 |   .3062087   .2667712     1.15   0.251    -.2173919    .8298092
     _Iwvs_reg_32 |   .4395534   .2481549     1.77   0.077    -.0475083    .9266151
     _Iwvs_reg_33 |   .1998544   .2753776     0.73   0.468    -.3406383    .7403471
     _Iwvs_reg_34 |  -.7095847   .3488909    -2.03   0.042    -1.394364   -.0248052
     _Iwvs_reg_35 |   -.301641   .3658116    -0.82   0.410    -1.019631    .4163494
     _Iwvs_reg_36 |   .0919048    .528879     0.17   0.862    -.9461433    1.129953
     _Iwvs_reg_37 |   .0444882   .3462292     0.13   0.898    -.6350672    .7240436
     _Iwvs_reg_38 |  -.8847118   .2484456    -3.56   0.000    -1.372344   -.3970795
     _Iwvs_reg_39 |   .4339616   .3681124     1.18   0.239    -.2885448    1.156468
     _Iwvs_reg_40 |  -.9806167   .2297925    -4.27   0.000    -1.431638   -.5295955
     _Iwvs_reg_41 |  -.8705422   .2360976    -3.69   0.000    -1.333939   -.4071458
     _Iwvs_reg_42 |   .2478814   .3384275     0.73   0.464    -.4163612     .912124
     _Iwvs_reg_43 |          0  (omitted)
     _Iwvs_reg_44 |  -.4806853   .3123536    -1.54   0.124    -1.093752    .1323813
     _Iwvs_reg_45 |   .1299013   .3266204     0.40   0.691    -.5111672    .7709697
     _Iwvs_reg_46 |          0  (omitted)
     _Iwvs_reg_47 |  -2.538548   .3541013    -7.17   0.000    -3.233554   -1.843542
     _Iwvs_reg_48 |   .0947046   .3470469     0.27   0.785    -.5864557    .7758649
     _Iwvs_reg_49 |          0  (omitted)
     _Iwvs_reg_50 |  -1.066179    .232205    -4.59   0.000    -1.521936   -.6104226
     _Iwvs_reg_51 |          0  (omitted)
     _Iwvs_reg_52 |    -1.0067   .2562633    -3.93   0.000    -1.509677   -.5037238
     _Iwvs_reg_53 |   .1274008   .2084781     0.61   0.541    -.2817861    .5365877
     _Iwvs_reg_54 |   .1825862   .1674708     1.09   0.276    -.1461143    .5112867
     _Iwvs_reg_55 |   .4313851   .2076262     2.08   0.038     .0238704    .8388999
     _Iwvs_reg_56 |   .5166338   .1991717     2.59   0.010     .1257131    .9075546
     _Iwvs_reg_57 |     .34732   .2050381     1.69   0.091     -.055115    .7497549
     _Iwvs_reg_58 |    .086802   .2292803     0.38   0.705     -.363214     .536818
     _Iwvs_reg_59 |  -.0784108   .4050832    -0.19   0.847    -.8734808    .7166592
     _Iwvs_reg_60 |   .3163309   .2088322     1.51   0.130     -.093551    .7262128
     _Iwvs_reg_61 |          0  (omitted)
     _Iwvs_reg_62 |   .0200765   .2607397     0.08   0.939    -.4916859    .5318388
     _Iwvs_reg_63 |          0  (omitted)
     _Iwvs_reg_64 |          0  (omitted)
     _Iwvs_reg_65 |   .3411991   .3265547     1.04   0.296    -.2997405    .9821387
     _Iwvs_reg_66 |          0  (omitted)
            _cons |   3.654015   1.765715     2.07   0.039      .188388    7.119643
------------------+----------------------------------------------------------------
              sic |   absorbed                                     (107 categories)
(est2 stored)

. * 8 Adding extra firm controls
. eststo:areg lspa w_workstation w_net ln_k_n* ln_y_n* ln_wages* ln_age* public*  ln_global*   lpcemp lpcempm yy* ldegree_t* $collapse
>  $firm $noise_a zcount* cc* if levels_ceopm>0 & sa4==1, cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  95,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2220
                                                  Adj R-squared   =    -0.0028
                                                  Root MSE        =     0.5266

                                  (Std. Err. adjusted for 859 clusters in company_id)
-------------------------------------------------------------------------------------
                    |               Robust
               lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
--------------------+----------------------------------------------------------------
      w_workstation |    .263201   .1219238     2.16   0.031      .023897    .5025049
              w_net |  -.0364114   .0585449    -0.62   0.534    -.1513195    .0784966
             ln_k_n |  -.0051608    .028535    -0.18   0.857    -.0611675    .0508458
         ln_k_nmiss |  -.3557119   2.917446    -0.12   0.903    -6.081878    5.370454
             ln_y_n |   .0124259    .043383     0.29   0.775    -.0727232    .0975751
         ln_y_nmiss |   1.314286   4.514951     0.29   0.771    -7.547356    10.17593
         ln_wages_a |   .0573975   .0323139     1.78   0.076    -.0060261     .120821
     ln_wages_amiss |   6.044501   3.484317     1.73   0.083    -.7942809    12.88328
             ln_age |   .0054066   .0232888     0.23   0.816    -.0403031    .0511162
         ln_agemiss |   .3161413   2.388155     0.13   0.895    -4.371168    5.003451
             public |   .0658343   .0863453     0.76   0.446    -.1036384     .235307
         publicmiss |   6.494087   8.573852     0.76   0.449    -10.33409    23.32227
    ln_globaluo_emp |   .0002145     .01388     0.02   0.988    -.0270283    .0274572
ln_globaluo_empmiss |   .0172148   1.492409     0.01   0.991    -2.911985    2.946414
             lpcemp |   .0032106   .0307781     0.10   0.917    -.0571986    .0636198
            lpcempm |   .4342967   3.029392     0.14   0.886     -5.51159    6.380183
                 yy |          0  (omitted)
          ldegree_t |   .0345596   .0236591     1.46   0.144    -.0118769     .080996
      ldegree_tmiss |    .158543   .0850216     1.86   0.063    -.0083317    .3254177
                    |
               nobs |
                 2  |  -.0468016   .1937701    -0.24   0.809    -.4271204    .3335172
                 3  |  -.0609198   .1910833    -0.32   0.750    -.4359652    .3141256
                 4  |   .0664225   .1785049     0.37   0.710    -.2839349    .4167798
                 5  |  -.0381568   .1528706    -0.25   0.803    -.3382009    .2618874
                 6  |  -.0053277   .1456171    -0.04   0.971     -.291135    .2804797
                 7  |  -.0372173   .1871221    -0.20   0.842    -.4044879    .3300533
                    |
               ln_N |   .0328505   .0318277     1.03   0.302    -.0296188    .0953198
          ln_N_miss |   7.720998   6.088716     1.27   0.205    -4.229524    19.67152
              share |   .0404197   .0352259     1.15   0.252    -.0287194    .1095588
          sharemiss |          0  (omitted)
              MNE_f |   .0288329   .0653946     0.44   0.659    -.0995192    .1571851
              MNE_d |   .0504855   .0587852     0.86   0.391    -.0648942    .1658652
             onsite |   .0110256   .0478055     0.23   0.818    -.0828038    .1048551
            onsitem |   .9670356   4.751638     0.20   0.839     -8.35916    10.29323
                aa1 |   .0151881   .2642072     0.06   0.954      -.50338    .5337562
                aa2 |   .8425044   .2418872     3.48   0.001     .3677444    1.317264
                aa3 |  -.2582966   .3132426    -0.82   0.410    -.8731081    .3565148
                aa4 |   .5527084   .5045301     1.10   0.274    -.4375492    1.542966
                aa5 |   .1550994   .2189317     0.71   0.479     -.274605    .5848038
                aa6 |  -.1351482   .2174662    -0.62   0.534    -.5619762    .2916797
                aa7 |  -.3580918   .3860505    -0.93   0.354    -1.115806    .3996221
                aa8 |  -.1141704   .1878629    -0.61   0.544    -.4828949    .2545542
                aa9 |   .2000193   .2684343     0.75   0.456    -.3268456    .7268842
               aa10 |  -.3984252   .2066817    -1.93   0.054    -.8040861    .0072357
               aa11 |          0  (omitted)
               aa12 |   .3705943   .4385073     0.85   0.398    -.4900782    1.231267
               aa13 |   .2415307   .2863342     0.84   0.399    -.3204667    .8035281
               aa14 |  -.1458516   .2048065    -0.71   0.477    -.5478321    .2561288
               aa15 |  -.3051997   .2417236    -1.26   0.207    -.7796385    .1692392
               aa16 |  -.1182629   .1997686    -0.59   0.554    -.5103553    .2738294
               aa17 |  -.0599379   .3057109    -0.20   0.845    -.6599667     .540091
               aa18 |          0  (omitted)
               aa19 |  -.0332279   .1919931    -0.17   0.863     -.410059    .3436032
               aa20 |   .0329642   .2614753     0.13   0.900    -.4802419    .5461702
               aa21 |  -.4178446   .3419133    -1.22   0.222    -1.088929    .2532397
               aa22 |   .4651759   .2401615     1.94   0.053     -.006197    .9365488
               aa23 |   .0254842   .2169668     0.12   0.907    -.4003636    .4513319
               aa24 |  -.2937809   .3768562    -0.78   0.436    -1.033449    .4458872
               aa25 |   .1462573   .4183159     0.35   0.727     -.674785    .9672996
               aa26 |  -.0147467   .1840408    -0.08   0.936    -.3759696    .3464762
               aa27 |   .0417659   .2409234     0.17   0.862    -.4311024    .5146342
               aa28 |          0  (omitted)
               aa29 |          0  (omitted)
               aa30 |   1.233717    .260314     4.74   0.000     .7227905    1.744644
               aa31 |    .060505    .207788     0.29   0.771    -.3473272    .4683373
               aa32 |  -.4694567   .3812043    -1.23   0.218    -1.217659    .2787454
               aa33 |          0  (omitted)
               aa34 |  -.2860406    .241564    -1.18   0.237    -.7601661    .1880849
               aa35 |  -.1183295   .1826969    -0.65   0.517    -.4769147    .2402557
               aa36 |   -.011237   .3030113    -0.04   0.970    -.6059672    .5834931
               aa37 |          0  (omitted)
               aa38 |   .1184524   .2406382     0.49   0.623    -.3538561    .5907609
               aa39 |  -.0243473   .2087779    -0.12   0.907    -.4341226    .3854279
               aa40 |   .0222242   .2419406     0.09   0.927    -.4526406     .497089
               aa41 |  -.6099943   .3438632    -1.77   0.076    -1.284906    .0649173
               aa42 |          0  (omitted)
               aa43 |   .0249683   .2047448     0.12   0.903     -.376891    .4268276
               aa44 |  -.4150128   .2313235    -1.79   0.073     -.869039    .0390134
               aa45 |  -.0545539   .2657921    -0.21   0.837    -.5762329     .467125
               aa46 |   -.141872   .2673783    -0.53   0.596     -.666664    .3829201
               aa47 |          0  (omitted)
               aa48 |          0  (omitted)
        reliability |    .016622   .0157041     1.06   0.290     -.014201     .047445
    reliabilitymiss |   2.632173   1.734107     1.52   0.129     -.771416    6.035762
                dd1 |  -.0510362   .1598675    -0.32   0.750    -.3648134    .2627411
                dd2 |  -.0451405   .0857146    -0.53   0.599    -.2133754    .1230944
                dd3 |   .0468269   .0817098     0.57   0.567    -.1135475    .2072013
                dd4 |  -.0214469   .0778404    -0.28   0.783    -.1742269     .131333
                dd5 |  -.0359893   .0762652    -0.47   0.637    -.1856775    .1136989
                dd6 |  -.0201118   .0853584    -0.24   0.814    -.1876476     .147424
                dd7 |  -.1793984   .1176703    -1.52   0.128    -.4103538    .0515571
                dd8 |          0  (omitted)
       i_comptenure |  -.0011927   .0019815    -0.60   0.547    -.0050818    .0026964
   i_comptenuremiss |  -.5679609   .2831803    -2.01   0.045    -1.123768   -.0121536
        i_seniority |  -.0356833   .0278753    -1.28   0.201    -.0903951    .0190286
    i_senioritymiss |  -3.762919   2.854326    -1.32   0.188    -9.365199     1.83936
           duration |  -.0055155   .0019598    -2.81   0.005    -.0093621    -.001669
       durationmiss |  -1.051156   .3384452    -3.11   0.002    -1.715434   -.3868786
             zcount |  -.0462991   .1110911    -0.42   0.677    -.2643411     .171743
            zcount4 |  -.2439426   .2480912    -0.98   0.326    -.7308792     .242994
            zcount5 |   .0477397   .1280468     0.37   0.709     -.203582    .2990614
            zcount6 |   .2546441   .3109561     0.82   0.413    -.3556796    .8649677
            zcount7 |          0  (omitted)
              cc_cn |          0  (omitted)
              cc_fr |  -.0280179   .1816935    -0.15   0.877    -.3846337    .3285979
              cc_ge |  -.0026503   .1332954    -0.02   0.984    -.2642736    .2589729
              cc_gr |          0  (omitted)
              cc_in |          0  (omitted)
              cc_it |  -.4041263   .4122344    -0.98   0.327    -1.213232    .4049797
              cc_jp |          0  (omitted)
              cc_po |    .097586   .2886593     0.34   0.735     -.468975    .6641471
              cc_pt |   .6345086   .2870698     2.21   0.027     .0710672     1.19795
              cc_sw |   .0622176   .1736895     0.36   0.720    -.2786884    .4031236
              cc_uk |  -.0916636   .1142116    -0.80   0.422    -.3158304    .1325032
              _cons |   1.536714   .6709567     2.29   0.022     .2198053    2.853623
--------------------+----------------------------------------------------------------
                sic |   absorbed                                     (107 categories)
(est3 stored)

. * 5 Alternative network variables
. eststo:areg lspa w_workstation w_net2  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa4==1
> , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  83,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2148
                                                  Adj R-squared   =     0.0049
                                                  Root MSE        =     0.5246

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2456003   .1191308     2.06   0.040     .0117783    .4794222
          w_net2 |   .0008738   .0015863     0.55   0.582    -.0022396    .0039872
          lpcemp |   .0039091   .0293753     0.13   0.894    -.0537468     .061565
         lpcempm |   .4749225   2.888815     0.16   0.869     -5.19505    6.144895
              yy |          0  (omitted)
       ldegree_t |   .0396235   .0231841     1.71   0.088    -.0058806    .0851276
   ldegree_tmiss |   .1792652   .0843703     2.12   0.034     .0136688    .3448616
                 |
            nobs |
              2  |  -.0324536   .1877168    -0.17   0.863    -.4008915    .3359843
              3  |  -.0288828   .1881965    -0.15   0.878    -.3982621    .3404966
              4  |   .0656962   .1741892     0.38   0.706    -.2761907     .407583
              5  |  -.0299171   .1488035    -0.20   0.841    -.3219786    .2621443
              6  |   -.001055   .1422821    -0.01   0.994    -.2803167    .2782067
              7  |  -.0322037   .1802748    -0.18   0.858    -.3860349    .3216276
                 |
            ln_N |   .0593265   .0263941     2.25   0.025      .007522    .1111311
       ln_N_miss |   11.33555   5.425346     2.09   0.037     .6870516    21.98406
           share |   .0488487   .0333802     1.46   0.144    -.0166677    .1143651
       sharemiss |          0  (omitted)
           MNE_f |   .0228659   .0561835     0.41   0.684    -.0874073    .1331391
           MNE_d |    .061512   .0573282     1.07   0.284    -.0510079     .174032
          onsite |    .015596   .0468464     0.33   0.739    -.0763511     .107543
         onsitem |   1.389709   4.657883     0.30   0.766    -7.752469    10.53189
             aa1 |   .0305111   .2521115     0.12   0.904    -.4643163    .5253385
             aa2 |   .8386988   .2230617     3.76   0.000     .4008883    1.276509
             aa3 |  -.2662752   .2980929    -0.89   0.372    -.8513519    .3188016
             aa4 |   .5369492   .4968644     1.08   0.280    -.4382628    1.512161
             aa5 |   .1452127   .2050285     0.71   0.479    -.2572034    .5476288
             aa6 |  -.1454142   .1911444    -0.76   0.447    -.5205796    .2297511
             aa7 |  -.4256125   .3671146    -1.16   0.247     -1.14616    .2949353
             aa8 |  -.1295465    .158156    -0.82   0.413    -.4399645    .1808715
             aa9 |   .1601766   .2479724     0.65   0.518     -.326527    .6468802
            aa10 |  -.3999461    .181542    -2.20   0.028    -.7562644   -.0436277
            aa11 |          0  (omitted)
            aa12 |   .3628488   .4308245     0.84   0.400    -.4827445    1.208442
            aa13 |   .2341659   .2770734     0.85   0.398     -.309655    .7779869
            aa14 |    -.13822   .1848208    -0.75   0.455    -.5009737    .2245338
            aa15 |  -.3373147   .2241183    -1.51   0.133    -.7771991    .1025696
            aa16 |  -.1253335   .1764466    -0.71   0.478    -.4716511    .2209841
            aa17 |  -.0307142   .2932202    -0.10   0.917     -.606227    .5447985
            aa18 |          0  (omitted)
            aa19 |  -.0682723   .1629733    -0.42   0.675    -.3881453    .2516007
            aa20 |   .0363566   .2416725     0.15   0.880     -.437982    .5106952
            aa21 |  -.4568475   .3183594    -1.44   0.152    -1.081702    .1680069
            aa22 |   .4159195   .2025575     2.05   0.040     .0183533    .8134858
            aa23 |   .0288735   .1869246     0.15   0.877    -.3380094    .3957565
            aa24 |  -.1814187   .3476493    -0.52   0.602    -.8637613    .5009239
            aa25 |   .1022351    .409017     0.25   0.803     -.700556    .9050261
            aa26 |  -.0262542   .1560685    -0.17   0.866    -.3325749    .2800665
            aa27 |   .0320236   .2158715     0.15   0.882    -.3916745    .4557218
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |    1.19229   .2366641     5.04   0.000     .7277819    1.656799
            aa31 |   .0292235    .186632     0.16   0.876    -.3370852    .3955321
            aa32 |  -.5114334   .3775001    -1.35   0.176    -1.252365    .2294985
            aa33 |          0  (omitted)
            aa34 |   -.348668      .2153    -1.62   0.106    -.7712444    .0739083
            aa35 |  -.1282429   .1558594    -0.82   0.411    -.4341533    .1776675
            aa36 |  -.0079429   .2892537    -0.03   0.978    -.5756707    .5597848
            aa37 |          0  (omitted)
            aa38 |   .0891304   .2142991     0.42   0.678    -.3314815    .5097422
            aa39 |  -.0241235   .1886238    -0.13   0.898    -.3943417    .3460946
            aa40 |   .0118797   .2147726     0.06   0.956    -.4096616     .433421
            aa41 |  -.5784572   .3134923    -1.85   0.065    -1.193759    .0368445
            aa42 |          0  (omitted)
            aa43 |   .0566308   .1811268     0.31   0.755    -.2988727    .4121342
            aa44 |  -.3996643     .20593    -1.94   0.053    -.8038498    .0045212
            aa45 |  -.0667318   .2525307    -0.26   0.792    -.5623821    .4289185
            aa46 |  -.1258464   .2478235    -0.51   0.612    -.6122578    .3605649
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0157412   .0154952     1.02   0.310    -.0146717    .0461542
 reliabilitymiss |   2.495525   1.708146     1.46   0.144    -.8571097     5.84816
             dd1 |   -.081552   .1549029    -0.53   0.599    -.3855851     .222481
             dd2 |  -.0433863   .0829561    -0.52   0.601    -.2062069    .1194343
             dd3 |   .0388702   .0796055     0.49   0.625    -.1173741    .1951146
             dd4 |  -.0245728   .0754017    -0.33   0.745    -.1725662    .1234207
             dd5 |  -.0391775   .0750962    -0.52   0.602    -.1865713    .1082162
             dd6 |  -.0229549   .0825914    -0.28   0.781    -.1850597    .1391499
             dd7 |    -.16633   .1172495    -1.42   0.156    -.3964594    .0637993
             dd8 |          0  (omitted)
    i_comptenure |  -.0013739   .0019633    -0.70   0.484    -.0052275    .0024796
i_comptenuremiss |  -.5809777   .2879054    -2.02   0.044    -1.146059   -.0158962
     i_seniority |  -.0333731   .0275271    -1.21   0.226    -.0874013    .0206552
 i_senioritymiss |  -3.477822   2.818579    -1.23   0.218     -9.00994    2.054295
        duration |   -.005486   .0019273    -2.85   0.005    -.0092687   -.0017033
    durationmiss |  -1.073078   .3359233    -3.19   0.001    -1.732405   -.4137501
          zcount |  -.0653747   .1097838    -0.60   0.552    -.2808509    .1501015
         zcount4 |  -.2572679   .2455204    -1.05   0.295    -.7391589    .2246231
         zcount5 |   .0267284   .1260166     0.21   0.832    -.2206085    .2740654
         zcount6 |   .2236923   .3092014     0.72   0.470    -.3831874     .830572
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   .0100215   .1674852     0.06   0.952    -.3187071    .3387501
           cc_ge |   .0039894   .1274733     0.03   0.975    -.2462066    .2541854
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.4219156   .4046804    -1.04   0.297    -1.216195    .3723638
           cc_jp |          0  (omitted)
           cc_po |  -.0900458   .2763227    -0.33   0.745    -.6323934    .4523018
           cc_pt |   .6129191   .2720525     2.25   0.025     .0789527    1.146885
           cc_sw |   .0420002   .1489619     0.28   0.778    -.2503721    .3343725
           cc_uk |  -.0942184   .0855285    -1.10   0.271     -.262088    .0736512
           _cons |   2.063493   .5659853     3.65   0.000     .9526149    3.174371
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est4 stored)

. * 4 Different codification of tech variables
. *eststo:areg lspa w_work_int w_net_int  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa4==
> 1, cluster(company_id) abs(sic)
. * 6 Controlling for management
. eststo:areg lspa w_workstation w_net zmanagement lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>
> 0 & sa4==1  , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  84,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2147
                                                  Adj R-squared   =     0.0034
                                                  Root MSE        =     0.5250

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2464597   .1188322     2.07   0.038     .0132239    .4796956
           w_net |  -.0207226   .0581218    -0.36   0.722    -.1348002     .093355
     zmanagement |   .0001775   .0407171     0.00   0.997    -.0797392    .0800942
          lpcemp |   .0060302   .0300636     0.20   0.841    -.0529767     .065037
         lpcempm |   .6822163   2.958788     0.23   0.818    -5.125094    6.489526
              yy |          0  (omitted)
       ldegree_t |   .0391581   .0231509     1.69   0.091    -.0062809     .084597
   ldegree_tmiss |   .1771904   .0841635     2.11   0.036     .0119999    .3423809
                 |
            nobs |
              2  |  -.0215833   .1880242    -0.11   0.909    -.3906245     .347458
              3  |  -.0228135   .1883469    -0.12   0.904    -.3924882    .3468612
              4  |   .0687351   .1754249     0.39   0.695     -.275577    .4130472
              5  |  -.0185745   .1515384    -0.12   0.902    -.3160038    .2788548
              6  |   .0134095   .1437664     0.09   0.926    -.2687656    .2955845
              7  |  -.0177828   .1845471    -0.10   0.923    -.3799995    .3444338
                 |
            ln_N |    .060722   .0271179     2.24   0.025     .0074967    .1139472
       ln_N_miss |   11.56923   5.538966     2.09   0.037     .6977179    22.44074
           share |   .0497802    .033637     1.48   0.139    -.0162402    .1158005
       sharemiss |          0  (omitted)
           MNE_f |   .0247851   .0570192     0.43   0.664    -.0871283    .1366986
           MNE_d |   .0641436   .0575144     1.12   0.265    -.0487417    .1770289
          onsite |     .01429   .0471201     0.30   0.762    -.0781941    .1067741
         onsitem |   1.259508   4.685632     0.27   0.788    -7.937136    10.45615
             aa1 |   .0234303   .2502539     0.09   0.925    -.4677512    .5146118
             aa2 |   .8303472    .226191     3.67   0.000     .3863949      1.2743
             aa3 |  -.2647268   .2983224    -0.89   0.375    -.8502538    .3208002
             aa4 |   .5220815   .4972754     1.05   0.294    -.4539371      1.4981
             aa5 |   .1446148   .2070037     0.70   0.485    -.2616782    .5509077
             aa6 |  -.1456418   .1909488    -0.76   0.446    -.5204233    .2291398
             aa7 |  -.4388178    .367014    -1.20   0.232    -1.159168    .2815326
             aa8 |   -.135168   .1573825    -0.86   0.391    -.4440678    .1737318
             aa9 |   .1621019   .2544397     0.64   0.524    -.3372953    .6614991
            aa10 |  -.4043973   .1797994    -2.25   0.025    -.7572954   -.0514992
            aa11 |          0  (omitted)
            aa12 |   .3493996   .4317212     0.81   0.419    -.4979536    1.196753
            aa13 |     .23283   .2761045     0.84   0.399    -.3090893    .7747493
            aa14 |  -.1401495   .1840472    -0.76   0.447    -.5013849     .221086
            aa15 |  -.3464591   .2231203    -1.55   0.121    -.7843845    .0914663
            aa16 |  -.1282804   .1762061    -0.73   0.467    -.4741259     .217565
            aa17 |  -.0365527    .292673    -0.12   0.901    -.6109915    .5378862
            aa18 |          0  (omitted)
            aa19 |  -.0635736   .1626711    -0.39   0.696    -.3828534    .2557063
            aa20 |   .0322638   .2419864     0.13   0.894    -.4426908    .5072185
            aa21 |  -.4502919   .3205396    -1.40   0.160    -1.079425    .1788416
            aa22 |   .4517169   .2127769     2.12   0.034     .0340927     .869341
            aa23 |   .0298397   .1867987     0.16   0.873    -.3367962    .3964756
            aa24 |  -.1891783   .3493653    -0.54   0.588     -.874889    .4965323
            aa25 |   .0875792   .4104858     0.21   0.831    -.7180948    .8932532
            aa26 |  -.0322482   .1558509    -0.21   0.836    -.3381417    .2736454
            aa27 |   .0344913   .2162049     0.16   0.873     -.389861    .4588437
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.174904   .2388738     4.92   0.000     .7060582    1.643749
            aa31 |   .0228208   .1865049     0.12   0.903    -.3432384      .38888
            aa32 |   -.526564    .373885    -1.41   0.159      -1.2604    .2072723
            aa33 |          0  (omitted)
            aa34 |  -.3505217   .2149046    -1.63   0.103    -.7723219    .0712785
            aa35 |  -.1328633   .1553482    -0.86   0.393    -.4377703    .1720437
            aa36 |  -.0181181   .2887481    -0.06   0.950    -.5848536    .5486173
            aa37 |          0  (omitted)
            aa38 |   .0840958   .2127254     0.40   0.693    -.3334272    .5016189
            aa39 |  -.0258231   .1877959    -0.14   0.891    -.3944163    .3427702
            aa40 |   .0163595   .2159415     0.08   0.940    -.4074759    .4401949
            aa41 |  -.5813682   .3137946    -1.85   0.064    -1.197263    .0345268
            aa42 |          0  (omitted)
            aa43 |   .0530653   .1802992     0.29   0.769    -.3008138    .4069445
            aa44 |  -.4008168    .206091    -1.94   0.052    -.8053184    .0036848
            aa45 |   -.068141   .2527291    -0.27   0.788    -.5641807    .4278986
            aa46 |  -.1275292   .2465662    -0.52   0.605    -.6114726    .3564143
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0157566   .0159142     0.99   0.322    -.0154788     .046992
 reliabilitymiss |    2.49672   1.757325     1.42   0.156    -.9524393     5.94588
             dd1 |  -.0801326   .1548797    -0.52   0.605    -.3841201    .2238548
             dd2 |  -.0427387   .0832748    -0.51   0.608    -.2061849    .1207075
             dd3 |   .0398403    .079733     0.50   0.617    -.1166544    .1963349
             dd4 |  -.0244902   .0752739    -0.33   0.745    -.1722328    .1232523
             dd5 |  -.0362669   .0754087    -0.48   0.631     -.184274    .1117402
             dd6 |   -.023889   .0826886    -0.29   0.773    -.1861847    .1384067
             dd7 |  -.1659887   .1176682    -1.41   0.159    -.3969398    .0649625
             dd8 |          0  (omitted)
    i_comptenure |   -.001346   .0019658    -0.68   0.494    -.0052042    .0025123
i_comptenuremiss |  -.5677816   .2907562    -1.95   0.051    -1.138458    .0028951
     i_seniority |  -.0322963   .0275763    -1.17   0.242    -.0864212    .0218286
 i_senioritymiss |  -3.365704    2.82566    -1.19   0.234    -8.911718    2.180311
        duration |  -.0054572   .0019373    -2.82   0.005    -.0092596   -.0016547
    durationmiss |  -1.060988   .3371993    -3.15   0.002     -1.72282    -.399156
          zcount |   -.066319    .110595    -0.60   0.549    -.2833874    .1507494
         zcount4 |  -.2625774    .246037    -1.07   0.286    -.7454823    .2203274
         zcount5 |   .0259083   .1272177     0.20   0.839     -.223786    .2756026
         zcount6 |   .2321691   .3102442     0.75   0.454    -.3767573    .8410955
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   .0209447   .1675524     0.13   0.901    -.3079159    .3498052
           cc_ge |   .0127856   .1271604     0.10   0.920    -.2367963    .2623675
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3997989   .4074877    -0.98   0.327    -1.199588    .3999906
           cc_jp |          0  (omitted)
           cc_po |  -.0697401   .2782268    -0.25   0.802    -.6158249    .4763447
           cc_pt |   .6452768   .2745548     2.35   0.019     .1063991    1.184154
           cc_sw |   .0522404   .1488865     0.35   0.726    -.2399841    .3444648
           cc_uk |  -.0818101   .0866982    -0.94   0.346    -.2519755    .0883552
           _cons |    2.04361   .5778354     3.54   0.000     .9094737    3.177746
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est5 stored)

. * Drop size controls
. eststo:areg lspa w_workstation w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firmn_o $noise_a zcount* cc* if levels_ceopm>0 & sa4=
> =1, cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  80,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2072
                                                  Adj R-squared   =    -0.0004
                                                  Root MSE        =     0.5260

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2613241   .1150223     2.27   0.023     .0355662    .4870821
           w_net |  -.0041587   .0584342    -0.07   0.943    -.1188495     .110532
          lpcemp |  -.0037613   .0294479    -0.13   0.898    -.0615596    .0540371
         lpcempm |  -.2591343   2.894429    -0.09   0.929    -5.940125    5.421857
              yy |          0  (omitted)
       ldegree_t |   .0409389   .0231431     1.77   0.077    -.0044848    .0863627
   ldegree_tmiss |   .1839177   .0848658     2.17   0.030     .0173487    .3504866
                 |
            nobs |
              2  |  -.0687763   .1851221    -0.37   0.710    -.4321214    .2945689
              3  |  -.0472051   .1846828    -0.26   0.798     -.409688    .3152778
              4  |    .069397   .1738969     0.40   0.690    -.2719161    .4107101
              5  |   -.037671   .1502762    -0.25   0.802     -.332623    .2572811
              6  |  -.0029148   .1425805    -0.02   0.984    -.2827623    .2769326
              7  |  -.0482432   .1853598    -0.26   0.795     -.412055    .3155685
                 |
           MNE_f |   .0459418    .055987     0.82   0.412    -.0639457    .1558293
           MNE_d |   .0942277   .0547808     1.72   0.086    -.0132924    .2017477
          onsite |   .0074621   .0459716     0.16   0.871    -.0827679    .0976921
         onsitem |   .5680224   4.566482     0.12   0.901     -8.39476    9.530805
             aa1 |   .0254642   .2410837     0.11   0.916    -.4477187    .4986471
             aa2 |   .9003872   .2195098     4.10   0.000     .4695482    1.331226
             aa3 |  -.2630269   .2990662    -0.88   0.379    -.8500139    .3239601
             aa4 |   .5575448   .5027016     1.11   0.268     -.429124    1.544214
             aa5 |   .1545452   .2086585     0.74   0.459    -.2549957    .5640861
             aa6 |  -.1468849   .1905585    -0.77   0.441    -.5209003    .2271306
             aa7 |  -.4220361   .3621551    -1.17   0.244     -1.13285    .2887775
             aa8 |  -.1470635   .1557513    -0.94   0.345    -.4527617    .1586346
             aa9 |   .2102347   .2527175     0.83   0.406    -.2857823    .7062517
            aa10 |  -.3890712   .1732111    -2.25   0.025    -.7290383   -.0491041
            aa11 |          0  (omitted)
            aa12 |   .3652549   .4372828     0.84   0.404    -.4930144    1.223524
            aa13 |   .2111698   .2775878     0.76   0.447    -.3336609    .7560004
            aa14 |  -.1304758   .1830084    -0.71   0.476    -.4896723    .2287206
            aa15 |  -.3284136   .2253707    -1.46   0.145     -.770756    .1139288
            aa16 |  -.1353097   .1752448    -0.77   0.440    -.4792685     .208649
            aa17 |  -.0384509   .2849669    -0.13   0.893    -.5977648    .5208631
            aa18 |          0  (omitted)
            aa19 |  -.0825898    .163037    -0.51   0.613    -.4025879    .2374082
            aa20 |   .0385454   .2391206     0.16   0.872    -.4307844    .5078752
            aa21 |  -.4417196   .3326739    -1.33   0.185     -1.09467    .2112303
            aa22 |   .4227651    .210259     2.01   0.045     .0100829    .8354472
            aa23 |   .0390074   .1878399     0.21   0.836    -.3296721     .407687
            aa24 |  -.2191009   .3424431    -0.64   0.522    -.8912252    .4530234
            aa25 |   .1179731   .4281511     0.28   0.783    -.7223731    .9583193
            aa26 |   -.038286   .1537615    -0.25   0.803    -.3400788    .2635068
            aa27 |   .0276197   .2144275     0.13   0.898    -.3932441    .4484836
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |    1.32187   .2335796     5.66   0.000     .8634155    1.780324
            aa31 |   .0377312   .1869165     0.20   0.840     -.329136    .4045984
            aa32 |  -.5243938   .3503675    -1.50   0.135    -1.212072     .163284
            aa33 |          0  (omitted)
            aa34 |   -.348134   .2102837    -1.66   0.098    -.7608647    .0645967
            aa35 |  -.1182777   .1544609    -0.77   0.444    -.4214432    .1848877
            aa36 |  -.0094729   .2811303    -0.03   0.973    -.5612564    .5423107
            aa37 |          0  (omitted)
            aa38 |   .0834056   .2133715     0.39   0.696    -.3353856    .5021968
            aa39 |  -.0118583   .1868403    -0.06   0.949     -.378576    .3548593
            aa40 |  -.0103533   .2291265    -0.05   0.964    -.4600674    .4393608
            aa41 |  -.6203084    .306981    -2.02   0.044     -1.22283   -.0177867
            aa42 |          0  (omitted)
            aa43 |   .0628604   .1811014     0.35   0.729    -.2925932     .418314
            aa44 |  -.3628237   .2120949    -1.71   0.088    -.7791093    .0534618
            aa45 |  -.0245851    .248999    -0.10   0.921    -.5133036    .4641333
            aa46 |  -.1077514   .2497469    -0.43   0.666    -.5979378    .3824351
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0213432   .0155169     1.38   0.169    -.0091124    .0517987
 reliabilitymiss |   3.115818   1.707736     1.82   0.068     -.236011    6.467647
             dd1 |  -.0573478   .1545297    -0.37   0.711    -.3606482    .2459526
             dd2 |   -.040278   .0831698    -0.48   0.628     -.203518    .1229621
             dd3 |   .0382002   .0791497     0.48   0.629    -.1171496    .1935499
             dd4 |  -.0238969   .0750262    -0.32   0.750    -.1711534    .1233596
             dd5 |  -.0349478   .0752148    -0.46   0.642    -.1825744    .1126787
             dd6 |  -.0206642   .0826166    -0.25   0.803    -.1828186    .1414902
             dd7 |  -.1518211   .1182051    -1.28   0.199    -.3838261    .0801838
             dd8 |          0  (omitted)
    i_comptenure |  -.0010018   .0019729    -0.51   0.612    -.0048741    .0028705
i_comptenuremiss |  -.5777396   .2861267    -2.02   0.044     -1.13933   -.0161494
     i_seniority |  -.0278588   .0277389    -1.00   0.316    -.0823028    .0265852
 i_senioritymiss |  -2.897156   2.840032    -1.02   0.308    -8.471379    2.677067
        duration |  -.0057976   .0019014    -3.05   0.002    -.0095296   -.0020656
    durationmiss |  -1.110821   .3279425    -3.39   0.001    -1.754485   -.4671577
          zcount |  -.0549044   .1114319    -0.49   0.622    -.2736155    .1638066
         zcount4 |  -.2098343   .2469266    -0.85   0.396    -.6944852    .2748166
         zcount5 |   .0505504   .1276116     0.40   0.692    -.1999171     .301018
         zcount6 |   .2156973   .3060519     0.70   0.481    -.3850008    .8163954
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.0109718   .1667871    -0.07   0.948    -.3383304    .3163868
           cc_ge |   .0175433   .1263828     0.14   0.890    -.2305124     .265599
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.4404299   .4162197    -1.06   0.290    -1.257358    .3764981
           cc_jp |          0  (omitted)
           cc_po |  -.0745443    .265614    -0.28   0.779    -.5958735    .4467849
           cc_pt |   .6190015   .2622612     2.36   0.018     .1042529     1.13375
           cc_sw |   .0323172   .1479395     0.22   0.827    -.2580485    .3226828
           cc_uk |   -.120537    .085407    -1.41   0.159    -.2881681    .0470941
           _cons |   2.271671   .5346381     4.25   0.000     1.222319    3.321023
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est6 stored)

. * Condition on industries with at least 3 firms
. bys sa4 sic: egen count_sic2=sum(v)

. eststo:areg lspa w_workstation w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa4==1 
> & count_sic2>3, cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        822
                                                  F(  83,    780) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2023
                                                  Adj R-squared   =     0.0269
                                                  Root MSE        =     0.5182

                               (Std. Err. adjusted for 781 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |    .254893   .1207488     2.11   0.035     .0178619    .4919242
           w_net |  -.0350499   .0584222    -0.60   0.549    -.1497333    .0796336
          lpcemp |   .0015613   .0304476     0.05   0.959    -.0582077    .0613304
         lpcempm |   .2566478    2.99764     0.09   0.932    -5.627749    6.141044
              yy |          0  (omitted)
       ldegree_t |   .0483187   .0236031     2.05   0.041     .0019857    .0946518
   ldegree_tmiss |   .1766508   .0859885     2.05   0.040     .0078546     .345447
                 |
            nobs |
              2  |  -.0661483   .1872292    -0.35   0.724    -.4336811    .3013845
              3  |   .0437369   .1888271     0.23   0.817    -.3269326    .4144064
              4  |   .0570261   .1717074     0.33   0.740    -.2800373    .3940894
              5  |  -.0269327   .1498607    -0.18   0.857    -.3211109    .2672454
              6  |   .0066434   .1421401     0.05   0.963    -.2723791    .2856659
              7  |  -.0164032   .1825538    -0.09   0.928    -.3747582    .3419518
                 |
            ln_N |   .0693746   .0264491     2.62   0.009     .0174547    .1212945
       ln_N_miss |   14.27231   5.537228     2.58   0.010     3.402677    25.14195
           share |   .0687296   .0345499     1.99   0.047     .0009078    .1365514
       sharemiss |          0  (omitted)
           MNE_f |   .0339259   .0564294     0.60   0.548    -.0768455    .1446974
           MNE_d |   .0837644    .057029     1.47   0.142    -.0281841    .1957128
          onsite |   .0151461   .0470295     0.32   0.747    -.0771732    .1074655
         onsitem |   1.511783   4.679239     0.32   0.747     -7.67361    10.69718
             aa1 |  -.0832749   .2525934    -0.33   0.742    -.5791183    .4125685
             aa2 |   .8771048   .2252855     3.89   0.000     .4348671    1.319343
             aa3 |  -.2601071   .2945377    -0.88   0.377    -.8382876    .3180735
             aa4 |   .6124241   .4855087     1.26   0.208    -.3406342    1.565482
             aa5 |   .1785301   .2064687     0.86   0.387    -.2267701    .5838302
             aa6 |  -.1241363   .1912802    -0.65   0.517    -.4996213    .2513488
             aa7 |  -.4619661   .3736595    -1.24   0.217    -1.195463    .2715314
             aa8 |  -.0577824   .1616793    -0.36   0.721    -.3751604    .2595956
             aa9 |   .1174826   .2529668     0.46   0.642    -.3790937    .6140589
            aa10 |   -.302691   .1807575    -1.67   0.094    -.6575199    .0521379
            aa11 |          0  (omitted)
            aa12 |   .4818138   .4086395     1.18   0.239    -.3203497    1.283977
            aa13 |   .2437154   .2697743     0.90   0.367    -.2858542     .773285
            aa14 |  -.1228881   .1861531    -0.66   0.509    -.4883086    .2425324
            aa15 |  -.2736575     .21833    -1.25   0.210    -.7022416    .1549265
            aa16 |  -.1011293   .1801467    -0.56   0.575     -.454759    .2525004
            aa17 |  -.1489156   .2908257    -0.51   0.609    -.7198094    .4219782
            aa18 |          0  (omitted)
            aa19 |  -.0499805    .161933    -0.31   0.758    -.3678565    .2678956
            aa20 |  -.0023628   .2409374    -0.01   0.992    -.4753253    .4705997
            aa21 |  -.4425115    .323616    -1.37   0.172    -1.077773    .1927499
            aa22 |   .4377277   .2111086     2.07   0.038     .0233193    .8521361
            aa23 |   .0870366   .1849405     0.47   0.638    -.2760034    .4500767
            aa24 |  -.1469537    .335988    -0.44   0.662    -.8065016    .5125942
            aa25 |   .0520504   .4254331     0.12   0.903    -.7830791    .8871799
            aa26 |  -.0052094   .1551613    -0.03   0.973    -.3097926    .2993737
            aa27 |   .0484934   .2262049     0.21   0.830    -.3955491    .4925358
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.225249   .2390007     5.13   0.000     .7560882     1.69441
            aa31 |   .0655411   .1849331     0.35   0.723    -.2974844    .4285666
            aa32 |  -.2284988   .3130863    -0.73   0.466    -.8430902    .3860927
            aa33 |          0  (omitted)
            aa34 |  -.3562083   .2318181    -1.54   0.125    -.8112695     .098853
            aa35 |  -.0739238   .1573317    -0.47   0.639    -.3827676      .23492
            aa36 |  -.1158431   .2817342    -0.41   0.681    -.6688903     .437204
            aa37 |          0  (omitted)
            aa38 |   .1161894   .2118788     0.55   0.584    -.2997307    .5321096
            aa39 |     -.0124   .1899552    -0.07   0.948     -.385284    .3604841
            aa40 |   .0712272     .20755     0.34   0.732    -.3361954    .4786499
            aa41 |  -.5241923   .3302775    -1.59   0.113     -1.17253    .1241457
            aa42 |          0  (omitted)
            aa43 |   .1136033   .1864044     0.61   0.542    -.2523104     .479517
            aa44 |  -.2212163   .2259149    -0.98   0.328    -.6646894    .2222568
            aa45 |  -.1288339   .2684634    -0.48   0.631    -.6558303    .3981625
            aa46 |  -.2306299   .2395963    -0.96   0.336    -.7009599    .2397001
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0159405   .0157301     1.01   0.311    -.0149379    .0468189
 reliabilitymiss |   2.157333   1.732976     1.24   0.214    -1.244517    5.559183
             dd1 |  -.0727758   .1515663    -0.48   0.631    -.3703019    .2247503
             dd2 |  -.0347168   .0844665    -0.41   0.681    -.2005254    .1310918
             dd3 |   .0889974   .0820199     1.09   0.278    -.0720085    .2500032
             dd4 |    .002963   .0760616     0.04   0.969    -.1463467    .1522728
             dd5 |    -.04017   .0765172    -0.52   0.600    -.1903741    .1100341
             dd6 |   .0264022   .0834085     0.32   0.752    -.1373296    .1901339
             dd7 |  -.1654636   .1206184    -1.37   0.171    -.4022387    .0713114
             dd8 |          0  (omitted)
    i_comptenure |  -.0017552   .0020089    -0.87   0.383    -.0056987    .0021884
i_comptenuremiss |  -.5931687   .2947161    -2.01   0.044    -1.171699   -.0146381
     i_seniority |  -.0396406    .027622    -1.44   0.152     -.093863    .0145817
 i_senioritymiss |  -4.118947   2.826536    -1.46   0.145    -9.667465     1.42957
        duration |   -.005862   .0019182    -3.06   0.002    -.0096275   -.0020966
    durationmiss |   -.871355   .3037489    -2.87   0.004    -1.467617   -.2750929
          zcount |   -.066102   .1126055    -0.59   0.557    -.2871477    .1549437
         zcount4 |  -.2101242    .186082    -1.13   0.259    -.5754051    .1551566
         zcount5 |   .0553778   .1275304     0.43   0.664    -.1949657    .3057212
         zcount6 |  -.0628329   .2446626    -0.26   0.797     -.543108    .4174422
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   .0160453   .1674717     0.10   0.924    -.3127032    .3447939
           cc_ge |    .001384   .1306036     0.01   0.992    -.2549923    .2577602
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   -.510398    .388878    -1.31   0.190    -1.273769    .2529734
           cc_jp |          0  (omitted)
           cc_po |  -.0086839   .2694109    -0.03   0.974    -.5375401    .5201723
           cc_pt |   .6889275    .280079     2.46   0.014     .1391297    1.238725
           cc_sw |   .0416868    .148211     0.28   0.779    -.2492528    .3326264
           cc_uk |  -.0866154   .0901246    -0.96   0.337     -.263531    .0903001
           _cons |   1.977946    .574842     3.44   0.001     .8495256    3.106367
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (65 categories)
(est7 stored)

. esttab using Table7_C.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) kee
> p(w_work* w_net*) nogap 
(note: file Table7_C.csv not found)
(output written to Table7_C.csv)

. 
. 
. *********
. * Table A3 - Coordination 
. *********
. 
. u ictorg, replace

. 
. rename w_workstation w_work

. rename ldegree_tmiss ldegree_tm

. * For each of the variables, generate interaction terms with ERP, Network, PCEMP, Skills
. foreach y of varlist w_erp_oth w_net w_work lpcemp lpcempm ldegree_t ldegree_tm{
  2. foreach x of varlist multi MNE_f MNE_d MNE multiple_sic_pri1 plant_cont plant_cont1 plant_cont2 plant_q1-plant_q3 ln_N share pro 
> plant_med{
  3. gen a_`y'_`x'=`y'*`x'
  4. }
  5. }
(38 missing values generated)
(38 missing values generated)
(38 missing values generated)
(38 missing values generated)
(108 missing values generated)
(38 missing values generated)
(38 missing values generated)
(38 missing values generated)
(38 missing values generated)
(38 missing values generated)
(38 missing values generated)
(38 missing values generated)
(38 missing values generated)
(45 missing values generated)
(38 missing values generated)
(6 missing values generated)
(6 missing values generated)
(6 missing values generated)
(6 missing values generated)
(77 missing values generated)
(6 missing values generated)
(6 missing values generated)
(6 missing values generated)
(6 missing values generated)
(6 missing values generated)
(6 missing values generated)
(6 missing values generated)
(6 missing values generated)
(13 missing values generated)
(6 missing values generated)
(126 missing values generated)
(126 missing values generated)
(126 missing values generated)
(126 missing values generated)
(190 missing values generated)
(126 missing values generated)
(126 missing values generated)
(126 missing values generated)
(126 missing values generated)
(126 missing values generated)
(126 missing values generated)
(126 missing values generated)
(126 missing values generated)
(129 missing values generated)
(126 missing values generated)
(72 missing values generated)
(7 missing values generated)
(72 missing values generated)
(7 missing values generated)
(72 missing values generated)
(7 missing values generated)
(72 missing values generated)
(7 missing values generated)

. 
. foreach x of varlist multi MNE_f MNE_d MNE multiple_sic_pri1 plant_cont plant_cont1 plant_cont2 plant_q1-plant_q3 ln_N share pro pla
> nt_med{
  2. global just_inte_`x' "a_w_erp_oth_`x'   a_w_net_`x' a_lpcemp_`x' a_lpcempm_`x' "
  3. global just_inten_`x' "a_w_erp_oth_`x'   a_w_net_`x' "
  4. global inte_`x' "`x' a_w_erp_oth_`x'   a_w_net_`x' a_lpcemp_`x' a_lpcempm_`x'"
  5. global inten_`x' "`x' a_w_erp_oth_`x'   a_w_net_`x' "
  6. global ainte_`x' "`x' a_w_work_`x'   a_w_net_`x' a_lpcemp_`x' a_lpcempm_`x'"
  7. }

. 
. 
. 
. cap estimates drop *

. * - Baseline
. xi: eststo:areg zorg    w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 & sa
> 1==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  84,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3585
                                                  Adj R-squared   =     0.2038
                                                  Root MSE        =     0.8720

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |    .191599   .0867873     2.21   0.028     .0212818    .3619162
           w_net |  -.1880609   .0904569    -2.08   0.038    -.3655795   -.0105423
          lpcemp |  -.0433891   .0454668    -0.95   0.340    -.1326163     .045838
         lpcempm |  -4.042456   4.457668    -0.91   0.365    -12.79048     4.70557
              yy |          0  (omitted)
       ldegree_t |   .1041799   .0325485     3.20   0.001     .0403044    .1680553
      ldegree_tm |   .1589102   .1183339     1.34   0.180    -.0733161    .3911365
        _Inobs_2 |  -.1251244   .3040272    -0.41   0.681    -.7217677    .4715189
        _Inobs_3 |  -.0394028   .2912125    -0.14   0.892    -.6108977     .532092
        _Inobs_4 |  -.0163043   .3132851    -0.05   0.959    -.6311159    .5985074
        _Inobs_5 |   .1679468   .3017164     0.56   0.578    -.4241617    .7600553
        _Inobs_6 |   .1493403   .2908369     0.51   0.608    -.4214176    .7200981
        _Inobs_7 |   .4774663    .388735     1.23   0.220    -.2854133    1.240346
            ln_N |   .0645445   .0426352     1.51   0.130    -.0191256    .1482146
       ln_N_miss |   6.138927   4.468141     1.37   0.170    -2.629651    14.90751
           share |   .1248891   .0476281     2.62   0.009     .0314205    .2183578
       sharemiss |   12.48817   4.679678     2.67   0.008     3.304456    21.67188
           MNE_f |   .1835905   .0838199     2.19   0.029     .0190967    .3480842
           MNE_d |   .1555245   .0872783     1.78   0.075    -.0157563    .3268054
          onsite |  -.0836259    .069675    -1.20   0.230    -.2203607     .053109
         onsitem |  -8.269244    6.95049    -1.19   0.234    -21.90935    5.370861
             aa1 |  -1.053408   .5472038    -1.93   0.055    -2.127277    .0204615
             aa2 |  -1.199083   .3133035    -3.83   0.000    -1.813931   -.5842355
             aa3 |  -1.436639   .3663044    -3.92   0.000    -2.155499    -.717779
             aa4 |  -2.041958    .481385    -4.24   0.000     -2.98666   -1.097256
             aa5 |  -1.144567   .3336909    -3.43   0.001    -1.799424   -.4897095
             aa6 |   -.728305    .349342    -2.08   0.037    -1.413877   -.0427329
             aa7 |  -1.282632   .4989794    -2.57   0.010    -2.261862   -.3034011
             aa8 |  -1.312786   .2537406    -5.17   0.000    -1.810743   -.8148281
             aa9 |  -.3002046    .390765    -0.77   0.443    -1.067068    .4666588
            aa10 |  -1.027554   .2756445    -3.73   0.000    -1.568497   -.4866107
            aa11 |          0  (omitted)
            aa12 |  -1.605849   .4178241    -3.84   0.000    -2.425815   -.7858831
            aa13 |  -.8174206   .3225018    -2.53   0.011     -1.45032   -.1845214
            aa14 |   -.434838   .2839443    -1.53   0.126    -.9920692    .1223932
            aa15 |  -1.616056   .3706003    -4.36   0.000    -2.343347   -.8887648
            aa16 |  -1.273397   .2853235    -4.46   0.000    -1.833335   -.7134593
            aa17 |  -1.084557   .5873232    -1.85   0.065     -2.23716    .0680448
            aa18 |          0  (omitted)
            aa19 |  -.6425227   .2626909    -2.45   0.015    -1.158045   -.1270005
            aa20 |    -1.1663   .3458898    -3.37   0.001    -1.845097   -.4875027
            aa21 |  -.2220209   .5746256    -0.39   0.699    -1.349705    .9056628
            aa22 |  -2.760194   .3813561    -7.24   0.000    -3.508592   -2.011795
            aa23 |   -1.16269   .3762403    -3.09   0.002    -1.901049   -.4243303
            aa24 |  -.5286802   .4776593    -1.11   0.269    -1.466071    .4087102
            aa25 |   -1.87044   .4858492    -3.85   0.000    -2.823903   -.9169772
            aa26 |  -.8626278   .2524023    -3.42   0.001    -1.357959   -.3672967
            aa27 |  -.8362097   .2787519    -3.00   0.003    -1.383251   -.2891684
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1429385   .3646234     0.39   0.695    -.5726228    .8584998
            aa31 |  -.9753797   .3202641    -3.05   0.002    -1.603887   -.3468721
            aa32 |  -1.884796   .3809862    -4.95   0.000    -2.632469   -1.137124
            aa33 |          0  (omitted)
            aa34 |  -.5376833   .3216711    -1.67   0.095    -1.168952    .0935856
            aa35 |   -.784425   .2417469    -3.24   0.001    -1.258845   -.3100047
            aa36 |  -.7077026   .5817868    -1.22   0.224     -1.84944    .4340347
            aa37 |          0  (omitted)
            aa38 |  -.9571399   .4370008    -2.19   0.029     -1.81474   -.0995403
            aa39 |  -.4530257   .2935294    -1.54   0.123    -1.029067    .1230161
            aa40 |  -.9821326   .5486647    -1.79   0.074    -2.058869    .0946036
            aa41 |  -.7366673   .4301695    -1.71   0.087    -1.580861    .1075262
            aa42 |          0  (omitted)
            aa43 |  -1.251224   .3322531    -3.77   0.000     -1.90326    -.599188
            aa44 |  -.6226507   .3627847    -1.72   0.086    -1.334604    .0893023
            aa45 |   -.165808   .4347758    -0.38   0.703    -1.019041    .6874251
            aa46 |  -.5980253   .4360457    -1.37   0.171    -1.453751    .2576999
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0529306    .025386     2.09   0.037     .0031114    .1027498
 reliabilitymiss |   5.885833   2.777134     2.12   0.034     .4358003    11.33587
             dd1 |  -.0962748   .2280799    -0.42   0.673     -.543874    .3513245
             dd2 |  -.0297776   .1570449    -0.19   0.850    -.3379731    .2784178
             dd3 |   .2049843   .1400935     1.46   0.144    -.0699447    .4799132
             dd4 |   .0689389   .1385804     0.50   0.619    -.2030205    .3408982
             dd5 |   -.059496   .1360537    -0.44   0.662    -.3264968    .2075049
             dd6 |  -.0308988   .1422103    -0.22   0.828    -.3099817    .2481842
             dd7 |   .1042548    .179715     0.58   0.562      -.24843    .4569395
             dd8 |          0  (omitted)
    i_comptenure |  -.0060017   .0031626    -1.90   0.058    -.0122081    .0002047
i_comptenuremiss |  -.7377565   .4291099    -1.72   0.086    -1.579871    .1043575
     i_seniority |   .0276645   .0440503     0.63   0.530    -.0587829    .1141118
 i_senioritymiss |   2.721876    4.50137     0.60   0.546    -6.111914    11.55567
        duration |  -.0021867    .003033    -0.72   0.471    -.0081389    .0037654
    durationmiss |   .1624135   .5348369     0.30   0.761    -.8871863    1.212013
          zcount |   .0152622   .1869962     0.08   0.935    -.3517116    .3822361
         zcount4 |   .5745269    .370898     1.55   0.122    -.1533481    1.302402
         zcount5 |    .313393   .2191726     1.43   0.153     -.116726     .743512
         zcount6 |   .2854314   .3566772     0.80   0.424    -.4145358    .9853986
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1732004    .306913    -0.56   0.573     -.775507    .4291062
           cc_ge |  -.5373354   .2225834    -2.41   0.016    -.9741479   -.1005229
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4030299   .3883754     1.04   0.300     -.359144    1.165204
           cc_jp |          0  (omitted)
           cc_po |  -.7958397   .5412102    -1.47   0.142    -1.857947    .2662673
           cc_pt |  -.4440261   .4071886    -1.09   0.276     -1.24312     .355068
           cc_sw |   .2201826   .3082592     0.71   0.475    -.3847659     .825131
           cc_uk |   .1176073   .1453569     0.81   0.419    -.1676508    .4028654
           _cons |   .1038584   .9377841     0.11   0.912    -1.736512    1.944229
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est1 stored)

. 
. * MNEs
. foreach var in  0 1  {
  2. xi: eststo:areg zorg    w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm_noMNE $noise_a zcount* cc* if levels_ceo
> pm>0 & sa1==1 & MNE==`var', cluster(company_id) abs(sic)
  3. }
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        648
                                                  F(  81,    617) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.4327
                                                  Adj R-squared   =     0.2089
                                                  Root MSE        =     0.8707

                               (Std. Err. adjusted for 618 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1819605   .1253839     1.45   0.147    -.0642705    .4281915
           w_net |  -.2351307     .12648    -1.86   0.063    -.4835142    .0132528
          lpcemp |  -.0279369   .0575367    -0.49   0.627    -.1409284    .0850545
         lpcempm |  -2.592412   5.632245    -0.46   0.645    -13.65311    8.468283
              yy |          0  (omitted)
       ldegree_t |   .0996598   .0420235     2.37   0.018     .0171333    .1821863
      ldegree_tm |   .3071523   .1661252     1.85   0.065    -.0190872    .6333917
        _Inobs_2 |   .0347227   .4593616     0.08   0.940    -.8673791    .9368245
        _Inobs_3 |   .1235595    .468256     0.26   0.792    -.7960092    1.043128
        _Inobs_4 |   .1268109   .4712386     0.27   0.788    -.7986151    1.052237
        _Inobs_5 |   .1685922   .4627497     0.36   0.716    -.7401632    1.077348
        _Inobs_6 |   .2957522   .4529438     0.65   0.514    -.5937461    1.185251
        _Inobs_7 |   .6601669   .5955948     1.11   0.268    -.5094717    1.829806
            ln_N |     .09561   .0545434     1.75   0.080    -.0115033    .2027233
       ln_N_miss |   9.602089   5.699392     1.68   0.093     -1.59047    20.79465
           share |   .1593613   .0655437     2.43   0.015     .0306456     .288077
       sharemiss |   15.57867   6.430633     2.42   0.016     2.950086    28.20725
          onsite |   -.040851   .0952864    -0.43   0.668    -.2279759    .1462738
         onsitem |  -3.806397   9.559261    -0.40   0.691    -22.57903    14.96624
             aa1 |  -1.668742   .7384189    -2.26   0.024    -3.118861   -.2186227
             aa2 |  -1.107141   .3790808    -2.92   0.004    -1.851586   -.3626959
             aa3 |  -1.040617   .4158254    -2.50   0.013    -1.857221   -.2240121
             aa4 |  -2.500522   .5330965    -4.69   0.000    -3.547425   -1.453618
             aa5 |  -.8240661   .4220959    -1.95   0.051    -1.652985    .0048526
             aa6 |  -.5137996   .4304505    -1.19   0.233    -1.359125     .331526
             aa7 |  -1.941831   .5834726    -3.33   0.001    -3.087664    -.795998
             aa8 |  -1.338244   .3007786    -4.45   0.000    -1.928918   -.7475698
             aa9 |  -.5537064   .4875532    -1.14   0.257    -1.511171    .4037585
            aa10 |  -.7849349   .3471626    -2.26   0.024    -1.466698   -.1031713
            aa11 |          0  (omitted)
            aa12 |  -2.153113   .4381134    -4.91   0.000    -3.013487   -1.292739
            aa13 |  -.7040822   .2743956    -2.57   0.011    -1.242945   -.1652197
            aa14 |  -.1885093   .3727477    -0.51   0.613    -.9205173    .5434987
            aa15 |  -1.461099   .4819311    -3.03   0.003    -2.407523   -.5146749
            aa16 |  -1.323713   .3273777    -4.04   0.000    -1.966622   -.6808029
            aa17 |  -1.757945   .7681401    -2.29   0.022    -3.266431   -.2494587
            aa18 |          0  (omitted)
            aa19 |  -.3245961   .3018468    -1.08   0.283    -.9173678    .2681756
            aa20 |   -1.46027   .3852012    -3.79   0.000    -2.216735   -.7038061
            aa21 |  -.6727028   .7908115    -0.85   0.395    -2.225711    .8803056
            aa22 |  -2.220548   .4721738    -4.70   0.000     -3.14781   -1.293285
            aa23 |  -.7984782   .4713075    -1.69   0.091    -1.724039    .1270831
            aa24 |  -.5269036   .6303403    -0.84   0.404    -1.764776     .710969
            aa25 |  -1.086564   .4958189    -2.19   0.029    -2.060261   -.1128664
            aa26 |   -.614309   .3125698    -1.97   0.050    -1.228139   -.0004793
            aa27 |   -.614182     .38608    -1.59   0.112    -1.372372    .1440081
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .0991287   .4509912     0.22   0.826    -.7865351    .9847925
            aa31 |  -.6633846   .4232985    -1.57   0.118    -1.494665     .167896
            aa32 |  -2.395473   .6019869    -3.98   0.000    -3.577665   -1.213282
            aa33 |          0  (omitted)
            aa34 |  -.8571719   .3832015    -2.24   0.026    -1.609709   -.1046345
            aa35 |  -.7262243   .2797404    -2.60   0.010    -1.275583   -.1768656
            aa36 |  -1.317082   .7174553    -1.84   0.067    -2.726032    .0918684
            aa37 |          0  (omitted)
            aa38 |  -.5244354   .5842864    -0.90   0.370    -1.671867    .6229957
            aa39 |  -.1337411   .3669573    -0.36   0.716    -.8543777    .5868956
            aa40 |  -1.736973   .3400535    -5.11   0.000    -2.404776   -1.069171
            aa41 |   .0733307   .6027396     0.12   0.903    -1.110339    1.257001
            aa42 |          0  (omitted)
            aa43 |    -.87697   .4177384    -2.10   0.036    -1.697331   -.0566085
            aa44 |  -.6242883   .5436912    -1.15   0.251    -1.691998    .4434213
            aa45 |  -.5695234   .4918375    -1.16   0.247    -1.535402     .396355
            aa46 |  -.4977967   .3750325    -1.33   0.185    -1.234292    .2386981
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0705571   .0316134     2.23   0.026     .0084741    .1326401
 reliabilitymiss |   6.956897   3.432957     2.03   0.043     .2151997    13.69859
             dd1 |  -.2636554   .2775318    -0.95   0.342    -.8086769    .2813662
             dd2 |  -.1058223   .2063972    -0.51   0.608    -.5111484    .2995039
             dd3 |   .1493286   .1748618     0.85   0.393    -.1940678    .4927251
             dd4 |  -.0649821   .1728206    -0.38   0.707    -.4043701    .2744059
             dd5 |  -.1726117    .173361    -1.00   0.320    -.5130609    .1678375
             dd6 |  -.1235475   .1953436    -0.63   0.527    -.5071665    .2600714
             dd7 |  -.0011118   .2351223    -0.00   0.996    -.4628488    .4606251
             dd8 |          0  (omitted)
    i_comptenure |  -.0066705   .0039219    -1.70   0.089    -.0143724    .0010314
i_comptenuremiss |  -.6631153    .597066    -1.11   0.267    -1.835643    .5094127
     i_seniority |   .0657061   .0562974     1.17   0.244    -.0448518    .1762639
 i_senioritymiss |   6.814457   5.748471     1.19   0.236    -4.474484     18.1034
        duration |  -.0029217   .0040824    -0.72   0.474    -.0109387    .0050953
    durationmiss |     .14519   .6477602     0.22   0.823    -1.126892    1.417272
          zcount |  -.0291252   .2605015    -0.11   0.911    -.5407023    .4824519
         zcount4 |   .4134643   .4805326     0.86   0.390    -.5302134    1.357142
         zcount5 |   .3443995   .3130324     1.10   0.272    -.2703386    .9591376
         zcount6 |   .1703546   .5521565     0.31   0.758    -.9139793    1.254688
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.3155464   .4069196    -0.78   0.438    -1.114662     .483569
           cc_ge |  -.7634201   .3093916    -2.47   0.014    -1.371008   -.1558319
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |    1.02125   .4303125     2.37   0.018     .1761953    1.866305
           cc_jp |          0  (omitted)
           cc_po |  -.0090063   .7535796    -0.01   0.990    -1.488898    1.470886
           cc_pt |    .209474   .4993542     0.42   0.675    -.7711659    1.190114
           cc_sw |   .1636173   .3892643     0.42   0.674    -.6008263    .9280608
           cc_uk |   .1494496   .1886757     0.79   0.429    -.2210748    .5199739
           _cons |  -.1802544   1.282195    -0.14   0.888    -2.698251    2.337742
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (101 categories)
(est2 stored)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: ln_N_miss omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa22 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount4 omitted because of collinearity
note: zcount6 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_it omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        352
                                                  F(  72,    331) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.5443
                                                  Adj R-squared   =     0.1922
                                                  Root MSE        =     0.8609

                               (Std. Err. adjusted for 332 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .0594356   .1725989     0.34   0.731    -.2800936    .3989647
           w_net |  -.1768982   .1998538    -0.89   0.377     -.570042    .2162456
          lpcemp |  -.0370859   .1102537    -0.34   0.737    -.2539723    .1798005
         lpcempm |  -2.530083   10.76237    -0.24   0.814    -23.70135    18.64118
              yy |          0  (omitted)
       ldegree_t |    .169927   .0625936     2.71   0.007     .0467955    .2930585
      ldegree_tm |    .097487    .257136     0.38   0.705    -.4083399    .6033138
        _Inobs_2 |  -.4051191   .8146267    -0.50   0.619    -2.007618    1.197379
        _Inobs_3 |   .3598373   .6017649     0.60   0.550    -.8239286    1.543603
        _Inobs_4 |   .1478672   .6714322     0.22   0.826    -1.172945     1.46868
        _Inobs_5 |   .6812787   .6567157     1.04   0.300    -.6105841    1.973141
        _Inobs_6 |   .4187869    .634551     0.66   0.510    -.8294743    1.667048
        _Inobs_7 |   .9881256   .8010911     1.23   0.218    -.5877461    2.563997
            ln_N |   .0332383   .0818841     0.41   0.685    -.1278405     .194317
       ln_N_miss |          0  (omitted)
           share |    .028697   .0996992     0.29   0.774    -.1674269    .2248209
       sharemiss |   3.486408   9.840922     0.35   0.723    -15.87223    22.84504
          onsite |  -.2911561   .1346598    -2.16   0.031    -.5560531   -.0262592
         onsitem |  -28.56385    13.3973    -2.13   0.034    -54.91844   -2.209255
             aa1 |   1.524026   .6744593     2.26   0.024     .1972585    2.850793
             aa2 |          0  (omitted)
             aa3 |   .7877487    .729242     1.08   0.281    -.6467847    2.222282
             aa4 |   .9010248   .7056096     1.28   0.203    -.4870199    2.289069
             aa5 |   .6368277   .6333183     1.01   0.315    -.6090087    1.882664
             aa6 |   1.025494    .505156     2.03   0.043     .0317733    2.019215
             aa7 |   3.262233   .9755333     3.34   0.001     1.343206     5.18126
             aa8 |   1.967973   .5670258     3.47   0.001     .8525444    3.083402
             aa9 |          0  (omitted)
            aa10 |   1.055477   .4219181     2.50   0.013     .2254976    1.885456
            aa11 |          0  (omitted)
            aa12 |   1.766384   .5319855     3.32   0.001     .7198849    2.812883
            aa13 |   1.407827   .4600023     3.06   0.002     .5029298    2.312723
            aa14 |   1.927105   .4178822     4.61   0.000     1.105065    2.749144
            aa15 |    .823091     .54714     1.50   0.133    -.2532192    1.899401
            aa16 |   1.573649   .5266506     2.99   0.003     .5376446    2.609653
            aa17 |   1.539769   .7498064     2.05   0.041     .0647818    3.014755
            aa18 |          0  (omitted)
            aa19 |   1.727105   .7165576     2.41   0.016     .3175235    3.136686
            aa20 |   2.484387   .7011393     3.54   0.000     1.105136    3.863638
            aa21 |   2.505194   1.216596     2.06   0.040     .1119595    4.898429
            aa22 |          0  (omitted)
            aa23 |   .4737474   .4854949     0.98   0.330    -.4812971    1.428792
            aa24 |   2.554022   .6656299     3.84   0.000     1.244623     3.86342
            aa25 |   .3904034   .7459361     0.52   0.601     -1.07697    1.857777
            aa26 |   1.242382   .4484161     2.77   0.006     .3602775    2.124487
            aa27 |   1.585846   .4165904     3.81   0.000     .7663474    2.405345
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |    1.16116   .3764328     3.08   0.002     .4206579    1.901663
            aa32 |   1.309198   .6056954     2.16   0.031     .1177002    2.500696
            aa33 |          0  (omitted)
            aa34 |   3.089283   .4863311     6.35   0.000     2.132594    4.045973
            aa35 |    1.79661    .412601     4.35   0.000     .9849594    2.608261
            aa36 |   2.080014   .7319314     2.84   0.005       .64019    3.519838
            aa37 |          0  (omitted)
            aa38 |   1.528597   .8094265     1.89   0.060    -.0636715    3.120866
            aa39 |   1.908853   .4224915     4.52   0.000     1.077746     2.73996
            aa40 |   1.933101   .7624007     2.54   0.012     .4333394    3.432863
            aa41 |   .2980629   .6855479     0.43   0.664    -1.050517    1.646643
            aa42 |          0  (omitted)
            aa43 |   .8064817    .548676     1.47   0.143    -.2728501    1.885814
            aa44 |   1.849991   .5404676     3.42   0.001     .7868064    2.913175
            aa45 |   2.801092   .4704843     5.95   0.000     1.875576    3.726609
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0514089   .0541582     0.95   0.343    -.0551289    .1579466
 reliabilitymiss |   8.680962   5.836434     1.49   0.138     -2.80022    20.16214
             dd1 |   .4939698   .3543041     1.39   0.164    -.2030019    1.190942
             dd2 |   .4429917    .320233     1.38   0.167    -.1869568     1.07294
             dd3 |   .3200499   .2986725     1.07   0.285    -.2674857    .9075855
             dd4 |   .6074291    .271096     2.24   0.026     .0741407    1.140718
             dd5 |   .3206868   .2529091     1.27   0.206     -.176825    .8181987
             dd6 |   .4988196   .2692037     1.85   0.065    -.0307462    1.028385
             dd7 |   .1645813   .3602549     0.46   0.648    -.5440966    .8732592
             dd8 |          0  (omitted)
    i_comptenure |  -.0061826   .0070204    -0.88   0.379    -.0199929    .0076276
i_comptenuremiss |  -.3031097   .9119975    -0.33   0.740    -2.097152    1.490932
     i_seniority |  -.0074211   .0851921    -0.09   0.931    -.1750073    .1601652
 i_senioritymiss |   -1.21213   8.657064    -0.14   0.889    -18.24193    15.81767
        duration |  -.0020842   .0057863    -0.36   0.719    -.0134667    .0092983
    durationmiss |  -.5500584   1.255197    -0.44   0.662    -3.019227     1.91911
          zcount |    .687248   .4336849     1.58   0.114    -.1658781    1.540374
         zcount4 |          0  (omitted)
         zcount5 |   .8049017   .4619705     1.74   0.082    -.1038667     1.71367
         zcount6 |          0  (omitted)
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   .5189601    .463798     1.12   0.264    -.3934032    1.431323
           cc_ge |    .066642    .426526     0.16   0.876    -.7724016    .9056856
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |          0  (omitted)
           cc_jp |          0  (omitted)
           cc_po |  -.9253542   .7564707    -1.22   0.222    -2.413451    .5627423
           cc_pt |  -1.550793   .7255871    -2.14   0.033    -2.978136   -.1234489
           cc_sw |   1.243608    .458564     2.71   0.007      .341541    2.145676
           cc_uk |   .3043596   .3357472     0.91   0.365    -.3561078     .964827
           _cons |  -5.530034   2.195065    -2.52   0.012     -9.84807   -1.211998
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (80 categories)
(est3 stored)

. xi: eststo:areg zorg   $inten_MNE w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm_noMNE $noise_a zcount* cc* if lev
> els_ceopm>0 & sa1==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  85,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3560
                                                  Adj R-squared   =     0.1999
                                                  Root MSE        =     0.8741

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
             MNE |   .0733706   .1237916     0.59   0.554    -.1695663    .3163076
 a_w_erp_oth_MNE |   .0339122   .1649725     0.21   0.837    -.2898408    .3576653
     a_w_net_MNE |   .0240007   .1748618     0.14   0.891    -.3191599    .3671612
       w_erp_oth |   .1807883   .1108019     1.63   0.103    -.0366568    .3982333
           w_net |  -.1845391   .1110951    -1.66   0.097    -.4025596    .0334814
          lpcemp |   -.035432   .0456139    -0.78   0.437    -.1249478    .0540838
         lpcempm |  -3.283608    4.47485    -0.73   0.463    -12.06535    5.498137
              yy |          0  (omitted)
       ldegree_t |   .1078033   .0325459     3.31   0.001     .0439331    .1716734
      ldegree_tm |   .1678931   .1186943     1.41   0.158    -.0650404    .4008267
        _Inobs_2 |  -.1308365   .3068298    -0.43   0.670    -.7329799    .4713069
        _Inobs_3 |  -.0459284   .2947744    -0.16   0.876    -.6244133    .5325565
        _Inobs_4 |  -.0390998   .3173341    -0.12   0.902    -.6618575     .583658
        _Inobs_5 |   .1502062   .3055844     0.49   0.623    -.4494929    .7499054
        _Inobs_6 |   .1250028   .2943199     0.42   0.671    -.4525902    .7025958
        _Inobs_7 |   .4445644   .3954139     1.12   0.261    -.3314224    1.220551
            ln_N |   .0804453   .0420292     1.91   0.056    -.0020356    .1629261
       ln_N_miss |   7.871305   4.405711     1.79   0.074    -.7747558    16.51737
           share |   .1298988   .0479996     2.71   0.007     .0357012    .2240964
       sharemiss |   12.98029   4.715697     2.75   0.006     3.725888    22.23469
          onsite |  -.1000294   .0691706    -1.45   0.148    -.2357745    .0357157
         onsitem |  -9.950074   6.896713    -1.44   0.149    -23.48464    3.584496
             aa1 |  -.9957901   .5470729    -1.82   0.069    -2.069403    .0778225
             aa2 |   -1.22959   .3192736    -3.85   0.000    -1.856153   -.6030257
             aa3 |   -1.35799   .3758388    -3.61   0.000    -2.095562   -.6204192
             aa4 |  -2.003072   .4971914    -4.03   0.000    -2.978794    -1.02735
             aa5 |  -1.140869   .3383532    -3.37   0.001    -1.804876   -.4768625
             aa6 |  -.6805106   .3489792    -1.95   0.051    -1.365371    .0043495
             aa7 |  -1.188418    .488902    -2.43   0.015    -2.147872   -.2289641
             aa8 |  -1.262297   .2557608    -4.94   0.000    -1.764219   -.7603751
             aa9 |  -.3351486   .3955522    -0.85   0.397    -1.111407    .4411095
            aa10 |   -.990407   .2748927    -3.60   0.000    -1.529875   -.4509391
            aa11 |          0  (omitted)
            aa12 |  -1.583224   .4322145    -3.66   0.000    -2.431431   -.7350176
            aa13 |  -.7954177   .3186986    -2.50   0.013    -1.420853   -.1699822
            aa14 |  -.3802688   .2874527    -1.32   0.186    -.9443851    .1838475
            aa15 |  -1.576826   .3732944    -4.22   0.000    -2.309404    -.844248
            aa16 |  -1.215975   .2844747    -4.27   0.000    -1.774247   -.6577028
            aa17 |  -1.050634   .5898979    -1.78   0.075    -2.208289    .1070215
            aa18 |          0  (omitted)
            aa19 |  -.6001393   .2641773    -2.27   0.023    -1.118579      -.0817
            aa20 |  -1.111431   .3457411    -3.21   0.001    -1.789936   -.4329257
            aa21 |  -.1704383   .5839626    -0.29   0.770    -1.316445    .9755689
            aa22 |  -2.721479   .3827926    -7.11   0.000    -3.472697   -1.970261
            aa23 |  -1.112885   .3781753    -2.94   0.003    -1.855042   -.3707288
            aa24 |   -.476854   .4775333    -1.00   0.318    -1.413997    .4602894
            aa25 |   -1.84037   .5039799    -3.65   0.000    -2.829414   -.8513264
            aa26 |   -.807586    .252789    -3.19   0.001    -1.303676   -.3114959
            aa27 |  -.8154942     .27672    -2.95   0.003    -1.358548   -.2724404
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1300308   .3753151     0.35   0.729    -.6065127    .8665744
            aa31 |  -.9341055   .3251395    -2.87   0.004    -1.572181     -.29603
            aa32 |   -1.86813   .4050954    -4.61   0.000    -2.663116   -1.073144
            aa33 |          0  (omitted)
            aa34 |  -.5190133   .3322675    -1.56   0.119    -1.171077    .1330506
            aa35 |  -.7438425   .2440193    -3.05   0.002    -1.222722   -.2649628
            aa36 |  -.6508987    .582938    -1.12   0.264    -1.794895    .4930978
            aa37 |          0  (omitted)
            aa38 |  -.8900875   .4421036    -2.01   0.044    -1.757701   -.0224738
            aa39 |  -.3935903    .295946    -1.33   0.184    -.9743745    .1871939
            aa40 |  -.9817733   .5504711    -1.78   0.075    -2.062055    .0985081
            aa41 |  -.6543998   .4412151    -1.48   0.138     -1.52027    .2114703
            aa42 |          0  (omitted)
            aa43 |  -1.206235   .3374869    -3.57   0.000    -1.868542   -.5439285
            aa44 |  -.5805728   .3667342    -1.58   0.114    -1.300277     .139131
            aa45 |  -.1245312   .4357748    -0.29   0.775    -.9797247    .7306623
            aa46 |  -.5096498   .4367044    -1.17   0.243    -1.366668    .3473682
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0527614   .0253603     2.08   0.038     .0029927      .10253
 reliabilitymiss |   5.886419   2.777242     2.12   0.034     .4361733    11.33666
             dd1 |  -.1086388   .2279056    -0.48   0.634     -.555896    .3386184
             dd2 |  -.0205119   .1570443    -0.13   0.896    -.3287061    .2876823
             dd3 |    .205483   .1401986     1.47   0.143    -.0696522    .4806182
             dd4 |    .067778   .1395791     0.49   0.627    -.2061413    .3416973
             dd5 |  -.0566715   .1362093    -0.42   0.677    -.3239777    .2106347
             dd6 |  -.0437237    .141921    -0.31   0.758    -.3222389    .2347915
             dd7 |   .1099434   .1820366     0.60   0.546    -.2472975    .4671842
             dd8 |          0  (omitted)
    i_comptenure |  -.0060377   .0031723    -1.90   0.057    -.0122632    .0001877
i_comptenuremiss |  -.6603104    .426156    -1.55   0.122    -1.496627    .1760067
     i_seniority |   .0285539   .0442593     0.65   0.519    -.0583035    .1154114
 i_senioritymiss |   2.749738   4.524617     0.61   0.544    -6.129673    11.62915
        duration |  -.0021163   .0030414    -0.70   0.487    -.0080848    .0038523
    durationmiss |    .142835   .5337138     0.27   0.789    -.9045606    1.190231
          zcount |    .006097   .1890536     0.03   0.974    -.3649144    .3771084
         zcount4 |   .6040381   .3760271     1.61   0.109    -.1339027    1.341979
         zcount5 |   .3064684   .2212289     1.39   0.166     -.127686    .7406228
         zcount6 |   .3336668   .3632192     0.92   0.359    -.3791389    1.046473
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1205057   .3071327    -0.39   0.695    -.7232434    .4822321
           cc_ge |  -.5146834   .2246417    -2.29   0.022    -.9555352   -.0738316
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4555927   .4045107     1.13   0.260    -.3382462    1.249432
           cc_jp |          0  (omitted)
           cc_po |  -.8148919   .5417947    -1.50   0.133    -1.878146    .2483622
           cc_pt |  -.4792539   .3989015    -1.20   0.230    -1.262085    .3035771
           cc_sw |   .2627794   .3073778     0.85   0.393    -.3404395    .8659982
           cc_uk |   .1428902   .1470011     0.97   0.331    -.1455946    .4313751
           _cons |   .0849117    .953157     0.09   0.929    -1.785627    1.955451
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est4 stored)

. test $just_inten_MNE

 ( 1)  a_w_erp_oth_MNE = 0
 ( 2)  a_w_net_MNE = 0

       F(  2,   949) =    0.03
            Prob > F =    0.9682

. 
. * Single industries
. foreach var in 0 1 {
  2. xi: eststo:areg zorg    w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 &
>  sa1==1 & multiple_sic_pri1==`var', cluster(company_id) abs(sic)
  3. }
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa34 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount6 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        518
                                                  F(  79,    496) =      62.03
                                                  Prob > F        =     0.0000
                                                  R-squared       =     0.5163
                                                  Adj R-squared   =     0.2645
                                                  Root MSE        =     0.8503

                               (Std. Err. adjusted for 497 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .2333021   .1263201     1.85   0.065    -.0148864    .4814907
           w_net |  -.0973898   .1420248    -0.69   0.493    -.3764342    .1816546
          lpcemp |  -.0516971   .0699492    -0.74   0.460    -.1891303    .0857361
         lpcempm |  -5.239046   6.847458    -0.77   0.445    -18.69265    8.214555
              yy |          0  (omitted)
       ldegree_t |   .1062555   .0500838     2.12   0.034     .0078529    .2046581
      ldegree_tm |   .2719613   .1733832     1.57   0.117    -.0686947    .6126172
        _Inobs_2 |  -.2966789   .5232753    -0.57   0.571    -1.324788    .7314306
        _Inobs_3 |   -.380554   .5573092    -0.68   0.495    -1.475532    .7144238
        _Inobs_4 |  -.0021705    .540267    -0.00   0.997    -1.063664    1.059324
        _Inobs_5 |   .0092214    .502327     0.02   0.985    -.9777298    .9961726
        _Inobs_6 |  -.0356488   .5116113    -0.07   0.944    -1.040841    .9695437
        _Inobs_7 |   .2799459   .6156284     0.45   0.650    -.9296152    1.489507
            ln_N |   .0840273   .0632407     1.33   0.185    -.0402255      .20828
       ln_N_miss |   7.418145    6.65876     1.11   0.266    -5.664708      20.501
           share |   .2614786   .0677078     3.86   0.000     .1284491    .3945082
       sharemiss |   26.16307   6.639707     3.94   0.000     13.11766    39.20849
           MNE_f |   .1290856   .1396468     0.92   0.356    -.1452866    .4034578
           MNE_d |   .1861023   .1326841     1.40   0.161    -.0745899    .4467945
          onsite |  -.1884364   .1051542    -1.79   0.074    -.3950389    .0181662
         onsitem |  -19.44676   10.45674    -1.86   0.064    -39.99174    1.098207
             aa1 |  -.2792025   .7679444    -0.36   0.716    -1.788028    1.229623
             aa2 |          0  (omitted)
             aa3 |   -1.29406   .5594811    -2.31   0.021    -2.393305    -.194815
             aa4 |  -1.570391   .7104689    -2.21   0.028    -2.966291   -.1744915
             aa5 |  -.5643353   .4422328    -1.28   0.203    -1.433216    .3045452
             aa6 |   .2438475   .4937988     0.49   0.622    -.7263477    1.214043
             aa7 |  -1.180179   .5373171    -2.20   0.029    -2.235878   -.1244813
             aa8 |  -.7077097   .4324096    -1.64   0.102     -1.55729    .1418705
             aa9 |   .4678052   .5866904     0.80   0.426    -.6848997     1.62051
            aa10 |  -.4660834   .4469681    -1.04   0.298    -1.344268    .4121009
            aa11 |          0  (omitted)
            aa12 |  -1.238495   .5717636    -2.17   0.031    -2.361872   -.1151173
            aa13 |    .030877   .4312673     0.07   0.943    -.8164591     .878213
            aa14 |  -.1052146   .4776796    -0.22   0.826     -1.04374    .8333103
            aa15 |  -1.467049   .5211805    -2.81   0.005    -2.491043   -.4430551
            aa16 |  -.4279041   .4360065    -0.98   0.327    -1.284551    .4287433
            aa17 |  -.3879382    .849256    -0.46   0.648    -2.056521    1.280645
            aa18 |          0  (omitted)
            aa19 |  -.1788891   .4543939    -0.39   0.694    -1.071663     .713885
            aa20 |  -.6310257   .5500176    -1.15   0.252    -1.711677    .4496259
            aa21 |    .373206   .9276675     0.40   0.688    -1.449436    2.195848
            aa22 |  -2.593849   .6246056    -4.15   0.000    -3.821048   -1.366649
            aa23 |  -.3905931    .552547    -0.71   0.480    -1.476214    .6950282
            aa24 |  -.3123164   .9029745    -0.35   0.730    -2.086443     1.46181
            aa25 |  -1.965995   .6070188    -3.24   0.001     -3.15864   -.7733501
            aa26 |   -.194848   .4346546    -0.45   0.654    -1.048839    .6591433
            aa27 |  -.2436009   .4951134    -0.49   0.623    -1.216379    .7291773
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.094425   .4759542    -2.30   0.022     -2.02956   -.1592904
            aa32 |  -1.371656   .6098492    -2.25   0.025    -2.569862   -.1734497
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |   .0135822   .4161844     0.03   0.974    -.8041195    .8312839
            aa36 |   .3526982   .9003641     0.39   0.695      -1.4163    2.121696
            aa37 |          0  (omitted)
            aa38 |   .7366448   .6836136     1.08   0.282    -.6064907     2.07978
            aa39 |  -.1695122   .4788236    -0.35   0.723    -1.110285    .7712605
            aa40 |   .1846761   .4673971     0.40   0.693    -.7336463    1.102999
            aa41 |   .0516398   .6619966     0.08   0.938    -1.249023    1.352303
            aa42 |          0  (omitted)
            aa43 |  -.7438462   .5436996    -1.37   0.172    -1.812085    .3243921
            aa44 |     .27164    .464389     0.58   0.559    -.6407722    1.184052
            aa45 |   .5714283   .8225315     0.69   0.488    -1.044647    2.187504
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |     .07517   .0397576     1.89   0.059    -.0029441    .1532841
 reliabilitymiss |    7.40556    4.28784     1.73   0.085    -1.019009    15.83013
             dd1 |  -.4173882   .3636719    -1.15   0.252    -1.131916    .2971391
             dd2 |   .0934242    .245862     0.38   0.704    -.3896353    .5764837
             dd3 |   .1619503   .2224846     0.73   0.467    -.2751782    .5990788
             dd4 |   .2313549   .2391332     0.97   0.334    -.2384841    .7011939
             dd5 |   -.058288   .2381447    -0.24   0.807    -.5261848    .4096088
             dd6 |  -.0308247   .2415545    -0.13   0.899     -.505421    .4437716
             dd7 |   .1610745   .2708569     0.59   0.552    -.3710938    .6932429
             dd8 |          0  (omitted)
    i_comptenure |   -.008578   .0046482    -1.85   0.066    -.0177106    .0005545
i_comptenuremiss |  -.8800921   .6203382    -1.42   0.157    -2.098907    .3387225
     i_seniority |    .046316   .0692459     0.67   0.504    -.0897354    .1823674
 i_senioritymiss |   5.323458   7.096975     0.75   0.454    -8.620382     19.2673
        duration |  -.0086911    .004933    -1.76   0.079    -.0183833    .0010011
    durationmiss |  -.7279629   .7992398    -0.91   0.363    -2.298276    .8423501
          zcount |   .2107647    .265253     0.79   0.427    -.3103934    .7319228
         zcount4 |   .7072325   .5727849     1.23   0.218    -.4181513    1.832616
         zcount5 |   .4978485   .3264222     1.53   0.128    -.1434923    1.139189
         zcount6 |          0  (omitted)
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   .5424097   .3622355     1.50   0.135    -.1692954    1.254115
           cc_ge |  -.3151818   .3668188    -0.86   0.391    -1.035892    .4055284
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .5390397    .527907     1.02   0.308      -.49817    1.576249
           cc_jp |          0  (omitted)
           cc_po |  -1.067238   .7992349    -1.34   0.182    -2.637541    .5030657
           cc_pt |          0  (omitted)
           cc_sw |   -.079691   .4479555    -0.18   0.859    -.9598152    .8004332
           cc_uk |   .1172621   .2378828     0.49   0.622      -.35012    .5846442
           _cons |  -.9994948    1.38752    -0.72   0.472    -3.725637    1.726647
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (99 categories)
(est5 stored)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: ln_N_miss omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa19 omitted because of collinearity
note: aa22 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: reliabilitymiss omitted because of collinearity
note: dd8 omitted because of collinearity
note: i_comptenuremiss omitted because of collinearity
note: durationmiss omitted because of collinearity
note: zcount4 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: aa32 omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        438
                                                  F(  74,    408) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.4740
                                                  Adj R-squared   =     0.1849
                                                  Root MSE        =     0.8855

                               (Std. Err. adjusted for 409 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .3611716   .1518713     2.38   0.018     .0626236    .6597196
           w_net |  -.1862546   .1519674    -1.23   0.221    -.4849914    .1124823
          lpcemp |  -.1132001   .0820676    -1.38   0.169    -.2745283     .048128
         lpcempm |  -10.20399   8.044765    -1.27   0.205    -26.01835     5.61037
              yy |          0  (omitted)
       ldegree_t |    .050176    .057154     0.88   0.381    -.0621771    .1625292
      ldegree_tm |  -.0632688   .2110915    -0.30   0.765    -.4782315    .3516938
        _Inobs_2 |  -.5810349   .5249678    -1.11   0.269    -1.613014    .4509443
        _Inobs_3 |  -.3907989   .4993442    -0.78   0.434    -1.372407    .5908097
        _Inobs_4 |  -.5509964   .6017144    -0.92   0.360    -1.733844    .6318509
        _Inobs_5 |     -.2623   .5750407    -0.46   0.649    -1.392712    .8681123
        _Inobs_6 |  -.2363295   .5399288    -0.44   0.662    -1.297719      .82506
        _Inobs_7 |  -.0611278   .6628086    -0.09   0.927    -1.364074    1.241818
            ln_N |   .0547693   .0824378     0.66   0.507    -.1072865    .2168251
       ln_N_miss |          0  (omitted)
           share |    .004902   .0911479     0.05   0.957    -.1742762    .1840802
       sharemiss |   .3164682    8.93829     0.04   0.972    -17.25438    17.88732
           MNE_f |   .3522235   .1761863     2.00   0.046     .0058773    .6985697
           MNE_d |   .1589345   .1729782     0.92   0.359    -.1811052    .4989742
          onsite |   .1401874   .1238037     1.13   0.258    -.1031853      .38356
         onsitem |   14.68473   12.35005     1.19   0.235    -9.592932    38.96239
             aa1 |  -1.306624   1.020437    -1.28   0.201    -3.312594     .699347
             aa2 |  -.5107385   1.078227    -0.47   0.636    -2.630311    1.608834
             aa3 |  -2.434914   1.238859    -1.97   0.050    -4.870257     .000428
             aa4 |  -.9926046   1.416824    -0.70   0.484     -3.77779    1.792581
             aa5 |  -.6711264   1.053307    -0.64   0.524    -2.741712    1.399459
             aa6 |  -.5995747   1.061137    -0.57   0.572    -2.685552    1.486403
             aa7 |  -1.657147    1.16107    -1.43   0.154    -3.939573    .6252797
             aa8 |  -.2276559   1.047282    -0.22   0.828    -2.286398    1.831086
             aa9 |          0  (omitted)
            aa10 |  -1.093518   1.026047    -1.07   0.287    -3.110516    .9234811
            aa11 |          0  (omitted)
            aa12 |   -.643209   1.290001    -0.50   0.618    -3.179087     1.89267
            aa13 |   -.157654   1.039609    -0.15   0.880    -2.201312    1.886004
            aa14 |   .3507466   .9901184     0.35   0.723    -1.595624    2.297117
            aa15 |  -.5044673   1.062213    -0.47   0.635     -2.59256    1.583625
            aa16 |   -.956959   .9870619    -0.97   0.333    -2.897321    .9834027
            aa17 |  -1.187024   1.110173    -1.07   0.286    -3.369397    .9953487
            aa18 |          0  (omitted)
            aa19 |          0  (omitted)
            aa20 |  -.5170304   1.007432    -0.51   0.608    -2.497436    1.463375
            aa21 |   .2258234   1.229414     0.18   0.854    -2.190953      2.6426
            aa22 |          0  (omitted)
            aa23 |  -1.039068   1.063897    -0.98   0.329    -3.130472    1.052336
            aa24 |   .2162794    1.15796     0.19   0.852    -2.060033    2.492592
            aa25 |  -.8918056    1.31893    -0.68   0.499    -3.484553    1.700941
            aa26 |  -.7026305   .9882318    -0.71   0.477    -2.645292    1.240031
            aa27 |  -1.013679   1.030111    -0.98   0.326    -3.038667    1.011309
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1804581   1.132907     0.16   0.874    -2.046606    2.407522
            aa31 |   .1630208   1.022186     0.16   0.873    -1.846389     2.17243
            aa32 |          0  (omitted)
            aa33 |          0  (omitted)
            aa34 |  -.3897434   1.019938    -0.38   0.703    -2.394734    1.615247
            aa35 |  -.4140542   .9465064    -0.44   0.662    -2.274692    1.446584
            aa36 |  -1.039013   1.091515    -0.95   0.342    -3.184708    1.106683
            aa37 |          0  (omitted)
            aa38 |  -.9715702   1.046646    -0.93   0.354    -3.029062    1.085922
            aa39 |    .125006   .9952716     0.13   0.900    -1.831494    2.081506
            aa40 |  -.4963185   1.189406    -0.42   0.677    -2.834448    1.841811
            aa41 |  -1.792482   1.123597    -1.60   0.111    -4.001245     .416281
            aa42 |          0  (omitted)
            aa43 |  -.7761352   1.025985    -0.76   0.450    -2.793012    1.240742
            aa44 |  -.6088863   1.050821    -0.58   0.563    -2.674585    1.456813
            aa45 |   .3938983   1.132868     0.35   0.728    -1.833088    2.620884
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0295782   .0423923     0.70   0.486    -.0537564    .1129128
 reliabilitymiss |          0  (omitted)
             dd1 |   .4174361   .3917016     1.07   0.287    -.3525692    1.187441
             dd2 |  -.1399487   .2883731    -0.49   0.628    -.7068311    .4269338
             dd3 |   .1704575   .2226684     0.77   0.444    -.2672629     .608178
             dd4 |  -.2737749   .2189893    -1.25   0.212     -.704263    .1567131
             dd5 |  -.1782678   .2305729    -0.77   0.440    -.6315269    .2749912
             dd6 |  -.0150704   .2257819    -0.07   0.947    -.4589114    .4287706
             dd7 |  -.1807508   .3045027    -0.59   0.553    -.7793408    .4178392
             dd8 |          0  (omitted)
    i_comptenure |   .0018303   .0055561     0.33   0.742    -.0090918    .0127525
i_comptenuremiss |          0  (omitted)
     i_seniority |   .0265133   .0737422     0.36   0.719    -.1184489    .1714755
 i_senioritymiss |   3.114417   7.481438     0.42   0.677    -11.59256    17.82139
        duration |   .0031525   .0055299     0.57   0.569    -.0077182    .0140231
    durationmiss |          0  (omitted)
          zcount |  -.1255233   .3508835    -0.36   0.721    -.8152885    .5642419
         zcount4 |          0  (omitted)
         zcount5 |   .2385928    .367525     0.65   0.517    -.4838862    .9610719
         zcount6 |  -.7807079   1.029213    -0.76   0.449     -2.80393    1.242514
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   -3.64036   .7692319    -4.73   0.000    -5.152512   -2.128207
           cc_ge |  -3.654197   .6719005    -5.44   0.000    -4.975015   -2.333378
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   -2.90481   1.054335    -2.76   0.006    -4.977416   -.8322028
           cc_jp |          0  (omitted)
           cc_po |  -2.950981   .7789166    -3.79   0.000    -4.482172    -1.41979
           cc_pt |   -3.06303   .8101946    -3.78   0.000    -4.655707   -1.470353
           cc_sw |  -2.376459   .7750603    -3.07   0.002    -3.900069   -.8528492
           cc_uk |  -2.853149   .6130874    -4.65   0.000    -4.058353   -1.647944
           _cons |   3.216218   1.997945     1.61   0.108    -.7113333    7.143769
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (81 categories)
(est6 stored)

. xi: eststo:areg zorg   $inten_multiple_sic_pri1 w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc
> * if levels_ceopm>0 & sa1==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        956
                                                  F(  86,    905) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3600
                                                  Adj R-squared   =     0.1957
                                                  Root MSE        =     0.8853

                                            (Std. Err. adjusted for 906 clusters in company_id)
-----------------------------------------------------------------------------------------------
                              |               Robust
                         zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
------------------------------+----------------------------------------------------------------
            multiple_sic_pri1 |   .0185222   .1177447     0.16   0.875    -.2125622    .2496067
a_w_erp_oth_multiple_sic_pri1 |   .0871535   .1669948     0.52   0.602    -.2405887    .4148957
    a_w_net_multiple_sic_pri1 |  -.2128681   .1638651    -1.30   0.194    -.5344678    .1087317
                    w_erp_oth |   .1766163   .1206814     1.46   0.144    -.0602316    .4134642
                        w_net |  -.0770699   .1241276    -0.62   0.535    -.3206813    .1665416
                       lpcemp |  -.0585503   .0485558    -1.21   0.228    -.1538454    .0367448
                      lpcempm |  -5.456953   4.771098    -1.14   0.253    -14.82066    3.906749
                           yy |          0  (omitted)
                    ldegree_t |   .0975549   .0348514     2.80   0.005      .029156    .1659539
                   ldegree_tm |   .1331515   .1245595     1.07   0.285    -.1113075    .3776105
                     _Inobs_2 |  -.0953237   .3173772    -0.30   0.764    -.7182047    .5275573
                     _Inobs_3 |  -.0358193   .3118263    -0.11   0.909    -.6478061    .5761676
                     _Inobs_4 |   .0341188   .3295021     0.10   0.918    -.6125583     .680796
                     _Inobs_5 |   .1918931   .3141159     0.61   0.541    -.4245872    .8083733
                     _Inobs_6 |   .1532296   .3029428     0.51   0.613    -.4413225    .7477818
                     _Inobs_7 |   .4803754   .4086495     1.18   0.240    -.3216355    1.282386
                         ln_N |   .0638685   .0444034     1.44   0.151     -.023277     .151014
                    ln_N_miss |   5.764019    4.66195     1.24   0.217    -3.385472    14.91351
                        share |   .1190693   .0499132     2.39   0.017     .0211103    .2170283
                    sharemiss |   11.92923   4.906006     2.43   0.015     2.300753     21.5577
                        MNE_f |   .1972893   .0861333     2.29   0.022     .0282451    .3663335
                        MNE_d |   .1733878    .090621     1.91   0.056    -.0044639    .3512395
                       onsite |  -.0858243   .0717135    -1.20   0.232    -.2265684    .0549198
                      onsitem |  -8.474943   7.154864    -1.18   0.237      -22.517    5.567113
                          aa1 |  -.4689952   .6091431    -0.77   0.442    -1.664493     .726502
                          aa2 |  -.4936392   .4397425    -1.12   0.262    -1.356673    .3693945
                          aa3 |  -.9642937   .5326739    -1.81   0.071    -2.009714    .0811261
                          aa4 |  -1.431181   .5707525    -2.51   0.012    -2.551334   -.3110289
                          aa5 |  -.5335724    .438733    -1.22   0.224    -1.394625    .3274801
                          aa6 |  -.0296515   .4646264    -0.06   0.949     -.941522    .8822191
                          aa7 |  -.8514695   .5882526    -1.45   0.148    -2.005967    .3030285
                          aa8 |  -.6912766   .4203544    -1.64   0.100    -1.516259    .1337063
                          aa9 |   .3066529    .513712     0.60   0.551    -.7015526    1.314858
                         aa10 |  -.4355844   .4268929    -1.02   0.308      -1.2734    .4022308
                         aa11 |          0  (omitted)
                         aa12 |  -.9612998   .5082044    -1.89   0.059    -1.958696    .0360964
                         aa13 |  -.2361086   .4489109    -0.53   0.599    -1.117136    .6449189
                         aa14 |   .2201194   .4144435     0.53   0.595    -.5932627    1.033502
                         aa15 |  -.9784906   .4826925    -2.03   0.043    -1.925817   -.0311637
                         aa16 |  -.6541565   .4076359    -1.60   0.109    -1.454178     .145865
                         aa17 |   -.518161   .6517037    -0.80   0.427    -1.797187    .7608653
                         aa18 |          0  (omitted)
                         aa19 |  -.0884057   .4614086    -0.19   0.848    -.9939611    .8171496
                         aa20 |  -.4652656   .4497004    -1.03   0.301    -1.347842    .4173112
                         aa21 |   .4191805   .6373125     0.66   0.511    -.8316019    1.669963
                         aa22 |   -2.33265   .5351113    -4.36   0.000    -3.382854   -1.282447
                         aa23 |  -.4850391   .4867454    -1.00   0.319     -1.44032    .4702421
                         aa24 |   .1539029   .6053773     0.25   0.799    -1.034204    1.342009
                         aa25 |  -1.214612   .5664799    -2.14   0.032    -2.326379   -.1028454
                         aa26 |  -.2736016    .409186    -0.67   0.504    -1.076665    .5294622
                         aa27 |  -.3086161   .4504073    -0.69   0.493     -1.19258    .5753483
                         aa28 |          0  (omitted)
                         aa29 |          0  (omitted)
                         aa30 |   .7552808   .4850055     1.56   0.120    -.1965855    1.707147
                         aa31 |  -.3390617   .4561958    -0.74   0.458    -1.234386     .556263
                         aa32 |  -1.244257   .5113441    -2.43   0.015    -2.247816   -.2406993
                         aa33 |          0  (omitted)
                         aa34 |   .0036144    .476257     0.01   0.994    -.9310823    .9383111
                         aa35 |  -.1381875   .3915266    -0.35   0.724    -.9065933    .6302182
                         aa36 |  -.0838376   .6442398    -0.13   0.896    -1.348215     1.18054
                         aa37 |          0  (omitted)
                         aa38 |  -.3242608   .5204735    -0.62   0.533    -1.345736    .6972146
                         aa39 |   .1870738   .4156567     0.45   0.653    -.6286894    1.002837
                         aa40 |  -.3575623   .6210313    -0.58   0.565    -1.576391    .8612667
                         aa41 |   -.125808   .5236403    -0.24   0.810    -1.153499    .9018826
                         aa42 |          0  (omitted)
                         aa43 |  -.6969656   .4522921    -1.54   0.124    -1.584629    .1906978
                         aa44 |   .1056015   .4696562     0.22   0.822    -.8161406    1.027344
                         aa45 |   .4786094   .5181573     0.92   0.356    -.5383203    1.495539
                         aa46 |          0  (omitted)
                         aa47 |          0  (omitted)
                         aa48 |          0  (omitted)
                  reliability |   .0548696   .0264079     2.08   0.038     .0030417    .1066975
              reliabilitymiss |   5.750237   2.891706     1.99   0.047     .0750085    11.42547
                          dd1 |  -.1109122    .245098    -0.45   0.651    -.5919388    .3701143
                          dd2 |  -.0558546   .1645762    -0.34   0.734      -.37885    .2671409
                          dd3 |   .1536422   .1448232     1.06   0.289    -.1305862    .4378706
                          dd4 |   .0468304   .1464366     0.32   0.749    -.2405645    .3342252
                          dd5 |  -.0762241   .1427554    -0.53   0.594    -.3563943     .203946
                          dd6 |  -.0517516   .1501137    -0.34   0.730    -.3463632    .2428599
                          dd7 |   .0882479   .1903854     0.46   0.643    -.2854003    .4618961
                          dd8 |          0  (omitted)
                 i_comptenure |  -.0045402   .0032668    -1.39   0.165    -.0109515    .0018711
             i_comptenuremiss |  -.6265104   .4490633    -1.40   0.163    -1.507837    .2548161
                  i_seniority |   .0220972   .0456084     0.48   0.628    -.0674134    .1116077
              i_senioritymiss |   2.430956   4.653765     0.52   0.602     -6.70247    11.56438
                     duration |  -.0020807   .0032655    -0.64   0.524    -.0084895    .0043281
                 durationmiss |    .216371   .5893245     0.37   0.714    -.9402306    1.372973
                       zcount |   .0018039   .1935529     0.01   0.993    -.3780609    .3816687
                      zcount4 |   .5922747   .3946782     1.50   0.134    -.1823163    1.366866
                      zcount5 |   .2933079    .226319     1.30   0.195    -.1508633    .7374791
                      zcount6 |    .263402   .6422956     0.41   0.682    -.9971601    1.523964
                      zcount7 |          0  (omitted)
                        cc_cn |          0  (omitted)
                        cc_fr |  -.2436465   .3196106    -0.76   0.446    -.8709108    .3836177
                        cc_ge |  -.6285902   .2375235    -2.65   0.008    -1.094751   -.1624292
                        cc_gr |          0  (omitted)
                        cc_in |          0  (omitted)
                        cc_it |   .3380342   .4011935     0.84   0.400    -.4493437    1.125412
                        cc_jp |          0  (omitted)
                        cc_po |  -.8379415   .5419046    -1.55   0.122    -1.901477    .2255943
                        cc_pt |  -.3392109   .4370597    -0.78   0.438    -1.196979    .5185576
                        cc_sw |   .0978449   .3188079     0.31   0.759     -.527844    .7235338
                        cc_uk |   .0642593   .1659622     0.39   0.699    -.2614563    .3899749
                        _cons |  -.4403128   1.039363    -0.42   0.672    -2.480156     1.59953
------------------------------+----------------------------------------------------------------
                          sic |   absorbed                                     (109 categories)
(est7 stored)

. test $just_inten_multiple_sic_pri1 

 ( 1)  a_w_erp_oth_multiple_sic_pri1 = 0
 ( 2)  a_w_net_multiple_sic_pri1 = 0

       F(  2,   905) =    0.93
            Prob > F =    0.3953

. 
. * Different headquarters
. foreach var in 0 1 {
  2. xi: eststo:areg zorg    w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 &
>  sa1==1 & pro==`var', cluster(company_id) abs(sic)
  3. }
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: MNE_f omitted because of collinearity
note: onsitem omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa13 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount4 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: aa44 omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        439
                                                  F(  75,    424) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.5141
                                                  Adj R-squared   =     0.2176
                                                  Root MSE        =     0.8647

                               (Std. Err. adjusted for 425 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .2485463   .1675478     1.48   0.139    -.0807813     .577874
           w_net |   -.105974   .1634889    -0.65   0.517    -.4273236    .2153757
          lpcemp |  -.0750353   .0740031    -1.01   0.311    -.2204938    .0704232
         lpcempm |  -6.886517   7.177044    -0.96   0.338    -20.99353      7.2205
              yy |          0  (omitted)
       ldegree_t |    .047972    .056305     0.85   0.395    -.0626998    .1586438
      ldegree_tm |   .1095859   .2263844     0.48   0.629    -.3353896    .5545614
        _Inobs_2 |  -1.017046   .5716354    -1.78   0.076    -2.140638    .1065459
        _Inobs_3 |  -.8753937   .4918362    -1.78   0.076    -1.842135    .0913471
        _Inobs_4 |  -.6720402   .6261075    -1.07   0.284    -1.902701    .5586209
        _Inobs_5 |  -1.083723    .583025    -1.86   0.064    -2.229702     .062256
        _Inobs_6 |  -.7471763   .5820545    -1.28   0.200    -1.891248    .3968952
        _Inobs_7 |  -.4415695   .7738433    -0.57   0.569    -1.962616    1.079477
            ln_N |   .0238472   .0783266     0.30   0.761    -.1301096    .1778041
       ln_N_miss |   2.174713   8.202372     0.27   0.791    -13.94766    18.29709
           share |   .0977691   .0815911     1.20   0.231    -.0626042    .2581425
       sharemiss |   9.055719   8.039661     1.13   0.261    -6.746835    24.85827
           MNE_f |          0  (omitted)
           MNE_d |   .1652866    .146102     1.13   0.259    -.1218879    .4524611
          onsite |   -.004205   .0045536    -0.92   0.356    -.0131555    .0047455
         onsitem |          0  (omitted)
             aa1 |  -1.614838   .6018745    -2.68   0.008    -2.797868   -.4318089
             aa2 |          0  (omitted)
             aa3 |  -.9237717   .6450805    -1.43   0.153    -2.191726    .3441824
             aa4 |  -2.429797   .7589199    -3.20   0.001     -3.92151   -.9380827
             aa5 |  -.0106875   .5458653    -0.02   0.984    -1.083627    1.062252
             aa6 |  -.0659998   .6038002    -0.11   0.913    -1.252814    1.120815
             aa7 |  -1.320559   .5677408    -2.33   0.020    -2.436496   -.2046221
             aa8 |  -.2288259   .5453033    -0.42   0.675     -1.30066    .8430084
             aa9 |   .0004379   .6750936     0.00   0.999    -1.326509    1.327385
            aa10 |   .0351988   .6184753     0.06   0.955    -1.180461    1.250858
            aa11 |          0  (omitted)
            aa12 |  -1.848975   .6268191    -2.95   0.003    -3.081034   -.6169147
            aa13 |          0  (omitted)
            aa14 |   .1134657   .5334497     0.21   0.832    -.9350696    1.162001
            aa15 |  -1.382545   .7986297    -1.73   0.084    -2.952312    .1872209
            aa16 |  -.9789239   .5152171    -1.90   0.058    -1.991622    .0337737
            aa17 |  -1.933624   .6624927    -2.92   0.004    -3.235803   -.6314453
            aa18 |          0  (omitted)
            aa19 |  -.0491682   .6846435    -0.07   0.943    -1.394886     1.29655
            aa20 |  -.5495398   .5616005    -0.98   0.328    -1.653408     .554328
            aa21 |   .1032047   .7452638     0.14   0.890    -1.361667    1.568076
            aa22 |  -1.153156   .6782324    -1.70   0.090    -2.486273    .1799604
            aa23 |  -.5277331   .6386924    -0.83   0.409    -1.783131    .7276644
            aa24 |   .1058922   1.060821     0.10   0.921    -1.979231    2.191015
            aa25 |  -1.126388   .7836659    -1.44   0.151    -2.666742     .413966
            aa26 |  -.0014301   .5053179    -0.00   0.998    -.9946702    .9918099
            aa27 |  -.3803621   .5645635    -0.67   0.501    -1.490054    .7293297
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .5108159   .6393621     0.80   0.425    -.7458982     1.76753
            aa31 |  -.0664144   .6801172    -0.10   0.922    -1.403236    1.270407
            aa32 |   -2.43245   .8742921    -2.78   0.006    -4.150936   -.7139632
            aa33 |          0  (omitted)
            aa34 |  -.1388272   .5214419    -0.27   0.790     -1.16376    .8861058
            aa35 |    .019001   .5073842     0.04   0.970    -.9783006    1.016303
            aa36 |  -1.429006   .5583414    -2.56   0.011    -2.526468   -.3315442
            aa37 |          0  (omitted)
            aa38 |  -.6851337   .7180026    -0.95   0.341    -2.096421     .726154
            aa39 |   .1185373   .5350988     0.22   0.825    -.9332395    1.170314
            aa40 |  -.6901776   .5000236    -1.38   0.168    -1.673011    .2926561
            aa41 |    .165216   .7934025     0.21   0.835    -1.394276    1.724708
            aa42 |          0  (omitted)
            aa43 |  -.2798924   .5376498    -0.52   0.603    -1.336683    .7768983
            aa44 |          0  (omitted)
            aa45 |  -.5817418   .8992355    -0.65   0.518    -2.349256    1.185773
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0874915   .0425136     2.06   0.040     .0039278    .1710552
 reliabilitymiss |   9.540144   4.760146     2.00   0.046     .1837204    18.89657
             dd1 |  -.2707637   .3501344    -0.77   0.440    -.9589791    .4174517
             dd2 |  -.3872204   .2882338    -1.34   0.180    -.9537655    .1793247
             dd3 |  -.2289592    .243404    -0.94   0.347    -.7073881    .2494696
             dd4 |  -.2954836   .2269775    -1.30   0.194    -.7416249    .1506577
             dd5 |  -.4167299   .2418858    -1.72   0.086    -.8921745    .0587148
             dd6 |  -.4501615   .2583665    -1.74   0.082    -.9580001    .0576771
             dd7 |    -.40191   .2803519    -1.43   0.152    -.9529626    .1491425
             dd8 |          0  (omitted)
    i_comptenure |  -.0029472   .0051009    -0.58   0.564    -.0129733     .007079
i_comptenuremiss |  -.7122644   .7294718    -0.98   0.329    -2.146096     .721567
     i_seniority |   .1443921   .0721806     2.00   0.046     .0025157    .2862685
 i_senioritymiss |   13.49584   7.393019     1.83   0.069    -1.035691    28.02737
        duration |  -.0030836   .0052099    -0.59   0.554     -.013324    .0071569
    durationmiss |   .7992416   .8394343     0.95   0.342    -.8507293    2.449212
          zcount |  -.3673099   .3394981    -1.08   0.280    -1.034619    .2999989
         zcount4 |          0  (omitted)
         zcount5 |   .0690633   .3670061     0.19   0.851    -.6523147    .7904413
         zcount6 |  -.1051401   1.291273    -0.08   0.935    -2.643233    2.432953
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   .1198849   .6312824     0.19   0.849    -1.120948    1.360718
           cc_ge |   -.307423   .3987441    -0.77   0.441    -1.091184    .4763383
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   1.522902   .5700736     2.67   0.008     .4023794    2.643424
           cc_jp |          0  (omitted)
           cc_po |   .7230035   .5223546     1.38   0.167    -.3037234     1.74973
           cc_pt |          0  (omitted)
           cc_sw |   .5073358   .4639767     1.09   0.275    -.4046452    1.419317
           cc_uk |   .0639526   .2675971     0.24   0.811    -.4620295    .5899347
           _cons |    1.70238   1.728188     0.99   0.325    -1.694502    5.099263
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (90 categories)
(est8 stored)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa22 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        561
                                                  F(  81,    534) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.4541
                                                  Adj R-squared   =     0.1997
                                                  Root MSE        =     0.8588

                               (Std. Err. adjusted for 535 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1928932   .1243077     1.55   0.121    -.0512988    .4370853
           w_net |  -.2893095   .1310367    -2.21   0.028      -.54672   -.0318989
          lpcemp |  -.0423011   .0685247    -0.62   0.537    -.1769121    .0923099
         lpcempm |  -4.171066   6.749642    -0.62   0.537    -17.43017     9.08804
              yy |          0  (omitted)
       ldegree_t |   .1280002    .047387     2.70   0.007     .0349124    .2210881
      ldegree_tm |   .0513007   .1830306     0.28   0.779    -.3082477    .4108491
        _Inobs_2 |   .1410852   .3538914     0.40   0.690     -.554105    .8362753
        _Inobs_3 |   .0663334   .3402517     0.19   0.846    -.6020627    .7347294
        _Inobs_4 |  -.1896968   .3431738    -0.55   0.581    -.8638331    .4844395
        _Inobs_5 |   .3304942   .3434612     0.96   0.336    -.3442066    1.005195
        _Inobs_6 |   .1605311   .3194364     0.50   0.615     -.466975    .7880371
        _Inobs_7 |   .7671246   .4439616     1.73   0.085    -.1050007     1.63925
            ln_N |   .0890441   .0579226     1.54   0.125    -.0247401    .2028283
       ln_N_miss |   9.114976   6.068205     1.50   0.134    -2.805505    21.03546
           share |   .1125825   .0672732     1.67   0.095    -.0195701    .2447351
       sharemiss |   11.38985   6.624981     1.72   0.086    -1.624372    24.40407
           MNE_f |   .3464321   .1501412     2.31   0.021     .0514923    .6413719
           MNE_d |   .2700877   .1469735     1.84   0.067    -.0186295    .5588048
          onsite |  -.1742932   .1172985    -1.49   0.138    -.4047163      .05613
         onsitem |  -17.04332   11.66376    -1.46   0.145     -39.9558    5.869164
             aa1 |  -.5948643   .5804979    -1.02   0.306    -1.735204    .5454754
             aa2 |  -.6218535   .4450645    -1.40   0.163    -1.496145    .2524384
             aa3 |   -1.51017   .5001347    -3.02   0.003    -2.492642   -.5276967
             aa4 |  -.4154792   .7982813    -0.52   0.603    -1.983636    1.152678
             aa5 |  -1.761354   .5828729    -3.02   0.003     -2.90636   -.6163493
             aa6 |  -.8127455    .491425    -1.65   0.099    -1.778109    .1526178
             aa7 |   -.409256   .7066134    -0.58   0.563    -1.797339    .9788269
             aa8 |  -1.442948   .3574165    -4.04   0.000    -2.145063   -.7408331
             aa9 |          0  (omitted)
            aa10 |  -1.152502   .3761818    -3.06   0.002     -1.89148   -.4135243
            aa11 |          0  (omitted)
            aa12 |   .0329554   .8304937     0.04   0.968     -1.59848    1.664391
            aa13 |  -.9230592   .4373121    -2.11   0.035    -1.782122   -.0639962
            aa14 |  -.3263237   .3769208    -0.87   0.387    -1.066753    .4141057
            aa15 |  -1.552577   .5269303    -2.95   0.003    -2.587687   -.5174664
            aa16 |  -.9194368   .4263969    -2.16   0.032    -1.757058   -.0818157
            aa17 |  -.6899796   .6763154    -1.02   0.308    -2.018545    .6385855
            aa18 |          0  (omitted)
            aa19 |  -.3432393   .3310596    -1.04   0.300    -.9935782    .3070995
            aa20 |  -.8746302   .5801553    -1.51   0.132    -2.014297    .2650364
            aa21 |   .1176435   .8970131     0.13   0.896    -1.644464    1.879751
            aa22 |          0  (omitted)
            aa23 |  -1.215512   .5252392    -2.31   0.021    -2.247301   -.1837234
            aa24 |  -.5779468   .6624351    -0.87   0.383    -1.879245    .7233516
            aa25 |  -1.280229   .6517193    -1.96   0.050    -2.560477    .0000193
            aa26 |  -1.071276    .347922    -3.08   0.002     -1.75474   -.3878126
            aa27 |  -.5212047   .3697109    -1.41   0.159    -1.247471    .2050614
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.070599   .4951406    -2.16   0.031    -2.043261   -.0979365
            aa32 |  -1.499106   .5015829    -2.99   0.003    -2.484423   -.5137883
            aa33 |          0  (omitted)
            aa34 |   .4419405   .3901685     1.13   0.258    -.3245128    1.208394
            aa35 |  -.6684353   .3407431    -1.96   0.050    -1.337797    .0009261
            aa36 |  -.1238136   .6749983    -0.18   0.855    -1.449791    1.202164
            aa37 |          0  (omitted)
            aa38 |  -.6531505   .5826966    -1.12   0.263    -1.797809    .4915082
            aa39 |   -.355512   .3910644    -0.91   0.364    -1.123725    .4127014
            aa40 |  -.4996425   .8460789    -0.59   0.555    -2.161694    1.162409
            aa41 |  -1.512657   .4644753    -3.26   0.001    -2.425079   -.6002339
            aa42 |          0  (omitted)
            aa43 |  -1.185288   .4930882    -2.40   0.017    -2.153919   -.2166578
            aa44 |  -.5480954   .4976248    -1.10   0.271    -1.525638    .4294468
            aa45 |   .0713271   .4552795     0.16   0.876    -.8230314    .9656855
            aa46 |  -.7426898    .943899    -0.79   0.432      -2.5969    1.111521
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0438421   .0383202     1.14   0.253    -.0314347    .1191188
 reliabilitymiss |   5.242741   4.205346     1.25   0.213    -3.018309    13.50379
             dd1 |   .0209807   .3667688     0.06   0.954    -.6995059    .7414673
             dd2 |   .2917094   .2187339     1.33   0.183     -.137975    .7213939
             dd3 |   .5120403   .1975386     2.59   0.010     .1239922    .9000884
             dd4 |   .4269244    .195862     2.18   0.030     .0421698     .811679
             dd5 |   .2627197   .1821323     1.44   0.150     -.095064    .6205034
             dd6 |   .3210848   .1936588     1.66   0.098    -.0593417    .7015113
             dd7 |   .2726747   .2825012     0.97   0.335    -.2822753    .8276247
             dd8 |          0  (omitted)
    i_comptenure |  -.0068338   .0048109    -1.42   0.156    -.0162843    .0026168
i_comptenuremiss |  -.4088493    .674562    -0.61   0.545     -1.73397    .9162712
     i_seniority |  -.0140884   .0625521    -0.23   0.822    -.1369668      .10879
 i_senioritymiss |  -1.360782   6.373661    -0.21   0.831    -13.88131    11.15974
        duration |   .0000176   .0040146     0.00   0.997    -.0078688    .0079039
    durationmiss |   .0283912    .770301     0.04   0.971    -1.484801    1.541583
          zcount |   .5791466   .2969454     1.95   0.052    -.0041779    1.162471
         zcount4 |   .6284276    .570357     1.10   0.271    -.4919911    1.748846
         zcount5 |    .811095   .3254718     2.49   0.013     .1717329    1.450457
         zcount6 |     1.2769   .5437232     2.35   0.019     .2088012    2.344999
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   -.113157   .4410136    -0.26   0.798    -.9794913    .7531773
           cc_ge |  -.5422683    .302769    -1.79   0.074    -1.137033     .052496
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -1.041665   .7115693    -1.46   0.144    -2.439483    .3561535
           cc_jp |          0  (omitted)
           cc_po |  -1.383278   .6218755    -2.22   0.027      -2.6049   -.1616558
           cc_pt |  -1.353017   .4243601    -3.19   0.002    -2.186637   -.5193975
           cc_sw |   .1976556   .4456589     0.44   0.658    -.6778041    1.073115
           cc_uk |   .2035394   .2196263     0.93   0.354    -.2278982    .6349769
           _cons |  -2.693303   1.431462    -1.88   0.060    -5.505291    .1186851
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (97 categories)
(est9 stored)

. xi: eststo:areg zorg   $inten_pro  w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc*  if levels_
> ceopm>0 & sa1==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  87,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3596
                                                  Adj R-squared   =     0.2022
                                                  Root MSE        =     0.8728

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
             pro |   -.130432   .1479272    -0.88   0.378    -.4207343    .1598703
 a_w_erp_oth_pro |   .0155022   .1617738     0.10   0.924    -.3019735    .3329779
     a_w_net_pro |  -.0720514   .1693711    -0.43   0.671    -.4044367    .2603338
       w_erp_oth |   .1828083   .1272828     1.44   0.151    -.0669799    .4325966
           w_net |  -.1453822   .1369107    -1.06   0.289    -.4140649    .1233005
          lpcemp |  -.0445883    .045494    -0.98   0.327    -.1338688    .0446922
         lpcempm |  -4.145656   4.458567    -0.93   0.353    -12.89545    4.604134
              yy |          0  (omitted)
       ldegree_t |   .1051682   .0325981     3.23   0.001     .0411954    .1691409
      ldegree_tm |   .1627033   .1188681     1.37   0.171    -.0705714     .395978
        _Inobs_2 |  -.1459691   .3048855    -0.48   0.632    -.7442968    .4523586
        _Inobs_3 |  -.0578352   .2909108    -0.20   0.842     -.628738    .5130675
        _Inobs_4 |  -.0413908   .3139435    -0.13   0.895    -.6574946    .5747129
        _Inobs_5 |   .1517775   .3022849     0.50   0.616    -.4414465    .7450016
        _Inobs_6 |   .1316409   .2908232     0.45   0.651      -.43909    .7023717
        _Inobs_7 |   .4580493   .3887259     1.18   0.239    -.3048123    1.220911
            ln_N |   .0659028   .0428942     1.54   0.125    -.0182755    .1500812
       ln_N_miss |   6.303797   4.496757     1.40   0.161     -2.52094    15.12853
           share |   .1256942   .0478406     2.63   0.009     .0318086    .2195799
       sharemiss |   12.57365   4.700266     2.68   0.008     3.349538    21.79777
           MNE_f |   .2732434   .1182712     2.31   0.021     .0411402    .5053466
           MNE_d |   .1639138   .0886555     1.85   0.065    -.0100696    .3378972
          onsite |  -.1720927   .1043333    -1.65   0.099    -.3768434     .032658
         onsitem |  -17.06495   10.38286    -1.64   0.101    -37.44097    3.311077
             aa1 |  -1.081216   .5487676    -1.97   0.049    -2.158154   -.0042778
             aa2 |  -1.158563   .3184014    -3.64   0.000    -1.783416   -.5337112
             aa3 |  -1.457655   .3713258    -3.93   0.000    -2.186369   -.7289399
             aa4 |  -2.054373   .4902924    -4.19   0.000    -3.016555    -1.09219
             aa5 |  -1.183301   .3315867    -3.57   0.000    -1.834029   -.5325732
             aa6 |  -.7379293   .3521095    -2.10   0.036    -1.428932    -.046926
             aa7 |  -1.332884   .5212503    -2.56   0.011     -2.35582   -.3099475
             aa8 |  -1.324362   .2545543    -5.20   0.000    -1.823916   -.8248073
             aa9 |  -.3388858   .3975269    -0.85   0.394    -1.119019    .4412476
            aa10 |  -1.039634   .2783367    -3.74   0.000     -1.58586   -.4934072
            aa11 |          0  (omitted)
            aa12 |   -1.61095   .4213248    -3.82   0.000    -2.437786   -.7841142
            aa13 |  -.8491101   .3331984    -2.55   0.011    -1.503001   -.1952193
            aa14 |  -.4497382   .2854209    -1.58   0.115    -1.009867    .1103909
            aa15 |  -1.629635   .3709819    -4.39   0.000    -2.357674   -.9015953
            aa16 |  -1.291394   .2860175    -4.52   0.000    -1.852693   -.7300939
            aa17 |  -1.099359   .5885743    -1.87   0.062    -2.254417    .0556982
            aa18 |          0  (omitted)
            aa19 |  -.6479012   .2639705    -2.45   0.014    -1.165935   -.1298679
            aa20 |  -1.185746   .3469168    -3.42   0.001    -1.866558    -.504933
            aa21 |  -.2217982   .5846886    -0.38   0.705     -1.36923    .9256339
            aa22 |  -2.808751   .3874406    -7.25   0.000     -3.56909   -2.048412
            aa23 |  -1.187402   .3776293    -3.14   0.002    -1.928487   -.4463166
            aa24 |  -.5213847   .4795416    -1.09   0.277    -1.462469    .4196998
            aa25 |  -1.865656   .4842763    -3.85   0.000    -2.816033   -.9152801
            aa26 |  -.8835175   .2539865    -3.48   0.001    -1.381958   -.3850773
            aa27 |  -.8604524   .2836556    -3.03   0.002    -1.417117   -.3037878
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1326824   .3711916     0.36   0.721    -.5957688    .8611336
            aa31 |  -.9924299   .3209735    -3.09   0.002     -1.62233     -.36253
            aa32 |  -1.916871   .3722692    -5.15   0.000    -2.647437   -1.186305
            aa33 |          0  (omitted)
            aa34 |   -.582027   .3242845    -1.79   0.073    -1.218425    .0543705
            aa35 |  -.8018825    .244164    -3.28   0.001    -1.281046   -.3227187
            aa36 |   -.734888   .5804324    -1.27   0.206    -1.873967    .4041915
            aa37 |          0  (omitted)
            aa38 |  -.9683823   .4427198    -2.19   0.029    -1.837205   -.0995593
            aa39 |  -.4629918   .2948587    -1.57   0.117    -1.041642    .1156586
            aa40 |  -1.017722   .5471721    -1.86   0.063    -2.091529    .0560851
            aa41 |  -.7743024   .4220793    -1.83   0.067    -1.602619    .0540142
            aa42 |          0  (omitted)
            aa43 |  -1.251575   .3316358    -3.77   0.000      -1.9024   -.6007511
            aa44 |  -.5975042   .3672821    -1.63   0.104    -1.318283    .1232748
            aa45 |  -.1996773   .4361882    -0.46   0.647    -1.055682    .6563276
            aa46 |  -.6283876   .4402695    -1.43   0.154    -1.492402    .2356267
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0527951   .0253496     2.08   0.038     .0030473    .1025428
 reliabilitymiss |   5.852127   2.771291     2.11   0.035     .4135595     11.2907
             dd1 |   -.114126    .226515    -0.50   0.614    -.5586543    .3304022
             dd2 |  -.0344249   .1568245    -0.22   0.826    -.3421878     .273338
             dd3 |   .1996724   .1401947     1.42   0.155    -.0754551       .4748
             dd4 |   .0670361   .1386422     0.48   0.629    -.2050446    .3391168
             dd5 |  -.0626748   .1358065    -0.46   0.645    -.3291906     .203841
             dd6 |  -.0343797    .141412    -0.24   0.808    -.3118961    .2431368
             dd7 |   .0823794   .1812476     0.45   0.650    -.2733131    .4380719
             dd8 |          0  (omitted)
    i_comptenure |  -.0061971   .0031895    -1.94   0.052    -.0124564    .0000623
i_comptenuremiss |  -.7587363   .4354706    -1.74   0.082    -1.613333    .0958603
     i_seniority |   .0286706   .0439631     0.65   0.514    -.0576055    .1149467
 i_senioritymiss |    2.84669   4.491773     0.63   0.526    -5.968266    11.66164
        duration |  -.0019241   .0030654    -0.63   0.530      -.00794    .0040917
    durationmiss |   .1915464   .5358354     0.36   0.721    -.8600128    1.243106
          zcount |   .0214928   .1893542     0.11   0.910    -.3501085    .3930941
         zcount4 |   .6244976   .3791795     1.65   0.100    -.1196296    1.368625
         zcount5 |    .320292   .2213896     1.45   0.148    -.1141777    .7547617
         zcount6 |   .2676509   .3664822     0.73   0.465    -.4515582    .9868601
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   -.186065   .3070046    -0.61   0.545    -.7885513    .4164213
           cc_ge |  -.5477231   .2240263    -2.44   0.015    -.9873673    -.108079
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |    .395036   .3867214     1.02   0.307    -.3638919    1.153964
           cc_jp |          0  (omitted)
           cc_po |  -.7911946   .5391443    -1.47   0.143    -1.849247    .2668582
           cc_pt |  -.4424147   .4198761    -1.05   0.292    -1.266408    .3815782
           cc_sw |   .2230686   .3110343     0.72   0.473    -.3873259     .833463
           cc_uk |   .1141323   .1466523     0.78   0.437     -.173668    .4019327
           _cons |    .192479   .9521494     0.20   0.840    -1.676083    2.061041
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est10 stored)

. test $just_inten_pro

 ( 1)  a_w_erp_oth_pro = 0
 ( 2)  a_w_net_pro = 0

       F(  2,   949) =    0.09
            Prob > F =    0.9130

. 
. * Single vs multi plant
. foreach var in 0 1 {
  2. xi: eststo:areg zorg    w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_ceopm>0 &
>  sa1==1 & multi==`var', cluster(company_id) abs(sic)
  3. }
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: _Inobs_7 omitted because of collinearity
note: MNE_f omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa13 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa22 omitted because of collinearity
note: aa25 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa38 omitted because of collinearity
note: aa41 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa44 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: reliabilitymiss omitted because of collinearity
note: dd8 omitted because of collinearity
note: i_comptenuremiss omitted because of collinearity
note: zcount4 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        230
                                                  F(  67,    227) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.7287
                                                  Adj R-squared   =     0.2692
                                                  Root MSE        =     0.8857

                               (Std. Err. adjusted for 228 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |  -.0666158    .294724    -0.23   0.821    -.6473604    .5141288
           w_net |  -.0454526   .3528387    -0.13   0.898    -.7407104    .6498052
          lpcemp |   .1289193    .194125     0.66   0.507    -.2535981    .5114367
         lpcempm |   13.76575   18.88823     0.73   0.467    -23.45293    50.98443
              yy |          0  (omitted)
       ldegree_t |   .2141848   .1101997     1.94   0.053    -.0029602    .4313299
      ldegree_tm |   .7398013   .4811469     1.54   0.126     -.208284    1.687887
        _Inobs_2 |   .4862599   1.352935     0.36   0.720    -2.179657    3.152177
        _Inobs_3 |   .2552469   1.199171     0.21   0.832    -2.107684    2.618178
        _Inobs_4 |  -.8926149   1.281485    -0.70   0.487    -3.417742    1.632512
        _Inobs_5 |  -.9182891   1.112598    -0.83   0.410    -3.110629    1.274051
        _Inobs_6 |  -.5921675   1.113065    -0.53   0.595    -2.785429    1.601094
        _Inobs_7 |          0  (omitted)
            ln_N |   -.112747   .1932722    -0.58   0.560    -.4935841    .2680901
       ln_N_miss |  -13.51362   20.04283    -0.67   0.501     -53.0074    25.98016
           share |   .0976987   .2467485     0.40   0.693    -.3885116    .5839091
       sharemiss |   9.793237   24.14689     0.41   0.685    -37.78748    57.37395
           MNE_f |          0  (omitted)
           MNE_d |  -.1198809   .3141892    -0.38   0.703    -.7389811    .4992193
          onsite |  -.3087604   .3531575    -0.87   0.383    -1.004646    .3871257
         onsitem |  -30.29088   35.47157    -0.85   0.394    -100.1865    39.60477
             aa1 |  -1.204295   1.160118    -1.04   0.300    -3.490273    1.081683
             aa2 |          0  (omitted)
             aa3 |  -.9994353   1.210956    -0.83   0.410    -3.385587    1.386717
             aa4 |  -1.607239   1.778895    -0.90   0.367    -5.112497     1.89802
             aa5 |   .0962047   .8628001     0.11   0.911    -1.603917    1.796326
             aa6 |   .8458137   .9802446     0.86   0.389    -1.085728    2.777356
             aa7 |  -.3031363   1.106364    -0.27   0.784    -2.483193     1.87692
             aa8 |  -.3207816   1.110994    -0.29   0.773    -2.509961    1.868398
             aa9 |          0  (omitted)
            aa10 |   .5260492   1.011563     0.52   0.604    -1.467204    2.519302
            aa11 |          0  (omitted)
            aa12 |  -.9574667   1.545636    -0.62   0.536    -4.003095    2.088162
            aa13 |          0  (omitted)
            aa14 |   1.323961   1.001394     1.32   0.187    -.6492562    3.297177
            aa15 |  -1.679456   1.294075    -1.30   0.196    -4.229391      .87048
            aa16 |  -.0128538   1.152504    -0.01   0.991    -2.283827     2.25812
            aa17 |  -1.619739   1.130664    -1.43   0.153    -3.847678    .6082002
            aa18 |          0  (omitted)
            aa19 |   1.213362   1.072405     1.13   0.259    -.8997787    3.326502
            aa20 |  -.5653815   1.023541    -0.55   0.581    -2.582238    1.451475
            aa21 |   .6437844   1.358566     0.47   0.636    -2.033228    3.320797
            aa22 |          0  (omitted)
            aa23 |   .3548345   1.172196     0.30   0.762    -1.954941     2.66461
            aa24 |  -.6557279   1.202194    -0.55   0.586    -3.024615    1.713159
            aa25 |          0  (omitted)
            aa26 |  -.1371005   .9560706    -0.14   0.886    -2.021008    1.746807
            aa27 |     .30905   1.168903     0.26   0.792    -1.994237    2.612337
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .9768427   1.373336     0.71   0.478    -1.729273    3.682959
            aa31 |  -.8936396   1.232463    -0.73   0.469    -3.322171    1.534892
            aa32 |  -1.578149    1.82512    -0.86   0.388    -5.174492    2.018194
            aa33 |          0  (omitted)
            aa34 |  -2.248526   1.285331    -1.75   0.082    -4.781232    .2841791
            aa35 |   .1607483   .8618218     0.19   0.852    -1.537445    1.858942
            aa36 |  -.8941962   .9805393    -0.91   0.363    -2.826319    1.037926
            aa37 |          0  (omitted)
            aa38 |          0  (omitted)
            aa39 |   1.445655   1.026775     1.41   0.161     -.577573    3.468883
            aa40 |  -.3784055   1.010458    -0.37   0.708    -2.369481     1.61267
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |   .0960976   .9797865     0.10   0.922    -1.834542    2.026737
            aa44 |          0  (omitted)
            aa45 |  -.0754626   1.612212    -0.05   0.963    -3.252277    3.101352
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .1564774   .0955128     1.64   0.103    -.0317277    .3446824
 reliabilitymiss |          0  (omitted)
             dd1 |   .5444845   .8343337     0.65   0.515    -1.099545    2.188514
             dd2 |   .2368528   .5201707     0.46   0.649    -.7881276    1.261833
             dd3 |   .3405615   .4927522     0.69   0.490    -.6303917    1.311515
             dd4 |  -.0980898   .4814038    -0.20   0.839    -1.046681    .8505017
             dd5 |   .1962977   .5939939     0.33   0.741    -.9741492    1.366745
             dd6 |   .1674382   .4936198     0.34   0.735    -.8052245    1.140101
             dd7 |  -.1592133   .6130564    -0.26   0.795    -1.367222    1.048796
             dd8 |          0  (omitted)
    i_comptenure |   .0035067   .0085129     0.41   0.681    -.0132677    .0202811
i_comptenuremiss |          0  (omitted)
     i_seniority |   .1527302   .1466784     1.04   0.299    -.1362952    .4417556
 i_senioritymiss |   15.28966   15.01626     1.02   0.310    -14.29942    44.87874
        duration |   .0058464   .0104749     0.56   0.577     -.014794    .0264868
    durationmiss |   1.134555   1.675548     0.68   0.499    -2.167061    4.436172
          zcount |  -.3328555   .5602966    -0.59   0.553    -1.436903    .7711918
         zcount4 |          0  (omitted)
         zcount5 |   .8723796   .5909985     1.48   0.141    -.2921648    2.036924
         zcount6 |  -1.124714   1.393546    -0.81   0.420    -3.870654    1.621225
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |   .2265745    1.06778     0.21   0.832    -1.877453    2.330602
           cc_ge |  -1.054007   .7491349    -1.41   0.161    -2.530154    .4221409
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .9148527   1.480374     0.62   0.537    -2.002178    3.831884
           cc_jp |          0  (omitted)
           cc_po |   -.580798   1.202767    -0.48   0.630    -2.950814    1.789218
           cc_pt |          0  (omitted)
           cc_sw |   .0991465   .9423376     0.11   0.916    -1.757701    1.955994
           cc_uk |   .0933766   .5168714     0.18   0.857    -.9251028    1.111856
           _cons |   .5536572   2.949656     0.19   0.851     -5.25855    6.365865
-----------------+----------------------------------------------------------------
             sic |   absorbed                                      (75 categories)
(est11 stored)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        770
                                                  F(  84,    724) =       4.42
                                                  Prob > F        =     0.0000
                                                  R-squared       =     0.3654
                                                  Adj R-squared   =     0.1616
                                                  Root MSE        =     0.8690

                               (Std. Err. adjusted for 725 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |    .150206   .0971637     1.55   0.123    -.0405502    .3409622
           w_net |  -.2230997   .1031983    -2.16   0.031    -.4257033   -.0204961
          lpcemp |  -.0374533   .0520951    -0.72   0.472    -.1397289    .0648222
         lpcempm |  -3.618881   5.118954    -0.71   0.480    -13.66865    6.430885
              yy |          0  (omitted)
       ldegree_t |   .0824208   .0387421     2.13   0.034     .0063605     .158481
      ldegree_tm |   .0354328   .1469809     0.24   0.810    -.2531269    .3239925
        _Inobs_2 |  -.2467107   .3347325    -0.74   0.461    -.9038729    .4104515
        _Inobs_3 |  -.2397069   .3338181    -0.72   0.473     -.895074    .4156602
        _Inobs_4 |  -.1567978   .3386658    -0.46   0.644    -.8216821    .5080865
        _Inobs_5 |   .1193419   .3358789     0.36   0.722     -.540071    .7787549
        _Inobs_6 |  -.0018622   .3176995    -0.01   0.995    -.6255845    .6218602
        _Inobs_7 |   .4748009   .4112863     1.15   0.249    -.3326552    1.282257
            ln_N |   .0818551   .0477711     1.71   0.087    -.0119313    .1756415
       ln_N_miss |   8.460447   5.024412     1.68   0.093    -1.403709     18.3246
           share |   .1210663   .0532167     2.27   0.023     .0165888    .2255438
       sharemiss |    12.2447   5.231173     2.34   0.020     1.974624    22.51478
           MNE_f |   .2180034   .0981233     2.22   0.027     .0253633    .4106435
           MNE_d |   .1664597   .1068908     1.56   0.120    -.0433932    .3763127
          onsite |  -.0727599   .0776362    -0.94   0.349    -.2251788     .079659
         onsitem |  -7.265064   7.723886    -0.94   0.347    -22.42895    7.898825
             aa1 |  -.8112596   .6431365    -1.26   0.208    -2.073895    .4513755
             aa2 |   -1.15574   .3626828    -3.19   0.002    -1.867776   -.4437044
             aa3 |  -1.218768   .4122571    -2.96   0.003     -2.02813   -.4094056
             aa4 |  -1.591666   .7151682    -2.23   0.026    -2.995718   -.1876154
             aa5 |  -1.256507   .4667792    -2.69   0.007     -2.17291   -.3401051
             aa6 |  -.8804667   .3945473    -2.23   0.026     -1.65506   -.1058733
             aa7 |  -1.179858   .5965463    -1.98   0.048    -2.351025   -.0086908
             aa8 |  -1.308647   .3016472    -4.34   0.000    -1.900855    -.716439
             aa9 |  -.3357596    .478111    -0.70   0.483    -1.274409    .6028899
            aa10 |  -1.147883    .327716    -3.50   0.000     -1.79127   -.5044954
            aa11 |          0  (omitted)
            aa12 |  -1.072843    .641093    -1.67   0.095    -2.331466    .1857803
            aa13 |  -.8576089   .3725373    -2.30   0.022    -1.588991   -.1262265
            aa14 |  -.5981904   .3251581    -1.84   0.066    -1.236556     .040175
            aa15 |  -1.661383   .4051263    -4.10   0.000    -2.456746   -.8660204
            aa16 |  -1.313169   .3463209    -3.79   0.000    -1.993083   -.6332562
            aa17 |  -.5864644   .7030835    -0.83   0.404     -1.96679    .7938614
            aa18 |          0  (omitted)
            aa19 |  -.8406436   .2820573    -2.98   0.003    -1.394392   -.2868958
            aa20 |  -.8677948   .4544799    -1.91   0.057    -1.760051    .0244609
            aa21 |  -.3765014    .765268    -0.49   0.623    -1.878911    1.125908
            aa22 |  -2.850693   .5190373    -5.49   0.000    -3.869691   -1.831696
            aa23 |  -1.244812   .4365196    -2.85   0.004    -2.101808   -.3878168
            aa24 |  -.0069954   .4466387    -0.02   0.988     -.883857    .8698663
            aa25 |  -1.925884   .5785535    -3.33   0.001    -3.061727    -.790041
            aa26 |  -.9493625   .3029783    -3.13   0.002    -1.544183   -.3545416
            aa27 |  -.8205652   .3297073    -2.49   0.013    -1.467862   -.1732688
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.003268   .3716441    -2.70   0.007    -1.732897   -.2736393
            aa32 |  -1.618167   .4159777    -3.89   0.000    -2.434834   -.8015007
            aa33 |          0  (omitted)
            aa34 |   -.255347   .3637738    -0.70   0.483    -.9695245    .4588305
            aa35 |  -.8210023   .2888544    -2.84   0.005    -1.388095     -.25391
            aa36 |  -.2791963    .695385    -0.40   0.688    -1.644408    1.086016
            aa37 |          0  (omitted)
            aa38 |  -1.138083    .500131    -2.28   0.023    -2.119963   -.1562024
            aa39 |  -.6385335   .3385719    -1.89   0.060    -1.303233    .0261665
            aa40 |  -.7671253   .6465813    -1.19   0.236    -2.036524    .5022729
            aa41 |  -.8859565   .5011383    -1.77   0.078    -1.869814    .0979013
            aa42 |          0  (omitted)
            aa43 |  -1.610253    .378832    -4.25   0.000    -2.353993   -.8665123
            aa44 |  -.8546793   .4154654    -2.06   0.040     -1.67034   -.0390184
            aa45 |   -.236209   .4910762    -0.48   0.631    -1.200313    .7278944
            aa46 |  -.5846086   .6633414    -0.88   0.378    -1.886911    .7176938
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0428498   .0315007     1.36   0.174    -.0189938    .1046934
 reliabilitymiss |   4.526621   3.404573     1.33   0.184    -2.157395    11.21064
             dd1 |  -.0682754   .2613909    -0.26   0.794      -.58145    .4448992
             dd2 |   -.047426   .1781722    -0.27   0.790    -.3972217    .3023698
             dd3 |    .214636   .1624161     1.32   0.187    -.1042268    .5334988
             dd4 |   .0888402   .1640675     0.54   0.588    -.2332646     .410945
             dd5 |  -.0515743   .1562476    -0.33   0.741    -.3583267    .2551781
             dd6 |  -.0088293   .1659922    -0.05   0.958    -.3347129    .3170543
             dd7 |   .1593509   .2182952     0.73   0.466    -.2692162    .5879181
             dd8 |          0  (omitted)
    i_comptenure |  -.0067755   .0040694    -1.66   0.096    -.0147648    .0012138
i_comptenuremiss |  -.6858007    .532856    -1.29   0.198    -1.731928    .3603267
     i_seniority |  -.0122485   .0519164    -0.24   0.814    -.1141731    .0896761
 i_senioritymiss |  -1.091655   5.319659    -0.21   0.837    -11.53546    9.352145
        duration |  -.0021776   .0036322    -0.60   0.549    -.0093086    .0049534
    durationmiss |   .0009214   .6643177     0.00   0.999    -1.303298     1.30514
          zcount |  -.0416057   .2238508    -0.19   0.853    -.4810799    .3978685
         zcount4 |   .7984245   .4385603     1.82   0.069    -.0625772    1.659426
         zcount5 |   .0763556   .2588631     0.29   0.768    -.4318564    .5845676
         zcount6 |  -.5761345   .6591013    -0.87   0.382    -1.870112    .7178434
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.0037614   .3438847    -0.01   0.991    -.6788918    .6713689
           cc_ge |  -.3632152   .2468863    -1.47   0.142    -.8479136    .1214833
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.0242149   .5979709    -0.04   0.968    -1.198179    1.149749
           cc_jp |          0  (omitted)
           cc_po |  -1.109125   .6413533    -1.73   0.084    -2.368259    .1500096
           cc_pt |  -.5087467    .448094    -1.14   0.257    -1.388465     .370972
           cc_sw |   .2290031   .3422709     0.67   0.504    -.4429588     .900965
           cc_uk |    .174518   .1732227     1.01   0.314    -.1655608    .5145968
           _cons |   .6241355   1.145549     0.54   0.586     -1.62486    2.873131
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (104 categories)
(est12 stored)

. xi: eststo:areg zorg   $inten_multi w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if levels_
> ceopm>0 & sa1==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  87,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3608
                                                  Adj R-squared   =     0.2038
                                                  Root MSE        =     0.8720

                                (Std. Err. adjusted for 950 clusters in company_id)
-----------------------------------------------------------------------------------
                  |               Robust
             zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
------------------+----------------------------------------------------------------
            multi |  -.0594567   .1170667    -0.51   0.612    -.2891962    .1702828
a_w_erp_oth_multi |   .1724061   .1955389     0.88   0.378    -.2113324    .5561446
    a_w_net_multi |  -.2929363   .2218863    -1.32   0.187    -.7283809    .1425083
        w_erp_oth |   .0554609   .1795009     0.31   0.757    -.2968037    .4077254
            w_net |   .0640386   .2051678     0.31   0.755    -.3385965    .4666737
           lpcemp |  -.0424227   .0451597    -0.94   0.348    -.1310472    .0462018
          lpcempm |  -3.954146   4.427129    -0.89   0.372    -12.64224    4.733948
               yy |          0  (omitted)
        ldegree_t |   .1039677   .0327025     3.18   0.002       .03979    .1681453
       ldegree_tm |   .1456897   .1189798     1.22   0.221    -.0878042    .3791837
         _Inobs_2 |  -.1362152   .3053663    -0.45   0.656    -.7354863     .463056
         _Inobs_3 |  -.0488408   .2916414    -0.17   0.867    -.6211775    .5234959
         _Inobs_4 |  -.0247792   .3135669    -0.08   0.937    -.6401439    .5905855
         _Inobs_5 |   .1655779   .3036027     0.55   0.586    -.4302322    .7613881
         _Inobs_6 |   .1359096   .2921271     0.47   0.642    -.4373801    .7091993
         _Inobs_7 |   .4738269   .3921087     1.21   0.227    -.2956735    1.243327
             ln_N |   .0681192   .0426455     1.60   0.111    -.0155712    .1518097
        ln_N_miss |   6.513462   4.467362     1.46   0.145    -2.253588    15.28051
            share |   .1200748   .0478499     2.51   0.012      .026171    .2139786
        sharemiss |   12.02055   4.702804     2.56   0.011     2.791453    21.24965
            MNE_f |   .2152961   .0911369     2.36   0.018      .036443    .3941492
            MNE_d |   .1650932   .0889171     1.86   0.064    -.0094036      .33959
           onsite |  -.0862266   .0696391    -1.24   0.216     -.222891    .0504379
          onsitem |  -8.566018   6.947829    -1.23   0.218     -22.2009    5.068866
              aa1 |  -1.048921   .5259155    -1.99   0.046    -2.081013   -.0168297
              aa2 |  -1.167212    .311702    -3.74   0.000    -1.778917   -.5555073
              aa3 |  -1.446591   .3681007    -3.93   0.000    -2.168976   -.7242056
              aa4 |  -2.088723   .4859997    -4.30   0.000    -3.042481   -1.134964
              aa5 |  -1.212493   .3356626    -3.61   0.000    -1.871219    -.553766
              aa6 |  -.6999518   .3513771    -1.99   0.047    -1.389518    -.010386
              aa7 |  -1.286886   .5203062    -2.47   0.014     -2.30797   -.2658026
              aa8 |   -1.32755   .2556124    -5.19   0.000    -1.829181   -.8259189
              aa9 |  -.2710676    .391873    -0.69   0.489    -1.040105    .4979703
             aa10 |  -1.051017    .277718    -3.78   0.000     -1.59603   -.5060049
             aa11 |          0  (omitted)
             aa12 |  -1.616164   .4189767    -3.86   0.000    -2.438392   -.7939358
             aa13 |    -.81539    .328935    -2.48   0.013    -1.460914   -.1698659
             aa14 |   -.436135    .284476    -1.53   0.126    -.9944098    .1221398
             aa15 |  -1.607387   .3723364    -4.32   0.000    -2.338085   -.8766892
             aa16 |  -1.283494   .2872253    -4.47   0.000    -1.847165   -.7198243
             aa17 |  -1.080121   .5654814    -1.91   0.056     -2.18986    .0296176
             aa18 |          0  (omitted)
             aa19 |  -.6341092   .2645237    -2.40   0.017    -1.153228   -.1149902
             aa20 |  -1.180727    .350435    -3.37   0.001    -1.868444   -.4930095
             aa21 |   -.249907   .5765852    -0.43   0.665    -1.381436    .8816223
             aa22 |  -2.693323   .3837404    -7.02   0.000    -3.446401   -1.940245
             aa23 |  -1.138451   .3787248    -3.01   0.003    -1.881686   -.3952163
             aa24 |  -.6017975   .5105761    -1.18   0.239    -1.603786    .4001912
             aa25 |  -1.865561   .4870394    -3.83   0.000    -2.821359    -.909762
             aa26 |  -.8582975   .2548574    -3.37   0.001    -1.358447   -.3581484
             aa27 |  -.8419098   .2807497    -3.00   0.003    -1.392872   -.2909477
             aa28 |          0  (omitted)
             aa29 |          0  (omitted)
             aa30 |   .0999416   .3769278     0.27   0.791    -.6397667    .8396498
             aa31 |  -.9788963   .3241997    -3.02   0.003    -1.615127    -.342665
             aa32 |  -1.938432   .4039013    -4.80   0.000    -2.731075   -1.145789
             aa33 |          0  (omitted)
             aa34 |  -.5294765   .3267267    -1.62   0.105    -1.170667    .1117139
             aa35 |  -.7942072   .2445515    -3.25   0.001    -1.274131   -.3142831
             aa36 |  -.7092231   .5582048    -1.27   0.204    -1.804682    .3862354
             aa37 |          0  (omitted)
             aa38 |  -.9582874   .4387935    -2.18   0.029    -1.819405   -.0971698
             aa39 |   -.459328   .2935875    -1.56   0.118    -1.035484    .1168278
             aa40 |  -.9995611    .551578    -1.81   0.070    -2.082015    .0828926
             aa41 |  -.7298795   .4323717    -1.69   0.092    -1.578395    .1186356
             aa42 |          0  (omitted)
             aa43 |  -1.268513   .3271688    -3.88   0.000     -1.91057   -.6264548
             aa44 |  -.6082125   .3605516    -1.69   0.092    -1.315783    .0993581
             aa45 |  -.1488225   .4331661    -0.34   0.731    -.9988967    .7012517
             aa46 |  -.6412545   .4348508    -1.47   0.141    -1.494635    .2121258
             aa47 |          0  (omitted)
             aa48 |          0  (omitted)
      reliability |    .053086   .0254544     2.09   0.037     .0031325    .1030394
  reliabilitymiss |   5.897308   2.781945     2.12   0.034     .4378325    11.35678
              dd1 |   -.092956    .228691    -0.41   0.684    -.5417545    .3558425
              dd2 |  -.0291913   .1566656    -0.19   0.852    -.3366423    .2782597
              dd3 |   .2098166   .1395867     1.50   0.133    -.0641177    .4837509
              dd4 |   .0638226   .1383692     0.46   0.645    -.2077223    .3353675
              dd5 |  -.0525967   .1358096    -0.39   0.699    -.3191186    .2139252
              dd6 |  -.0243731   .1408831    -0.17   0.863    -.3008515    .2521053
              dd7 |   .0957517   .1820446     0.53   0.599    -.2615049    .4530083
              dd8 |          0  (omitted)
     i_comptenure |  -.0059721    .003162    -1.89   0.059    -.0121775    .0002332
 i_comptenuremiss |  -.7299706   .4279932    -1.71   0.088    -1.569893    .1099518
      i_seniority |   .0256444    .043935     0.58   0.560    -.0605766    .1118654
  i_senioritymiss |    2.50688   4.489924     0.56   0.577    -6.304446    11.31821
         duration |  -.0022515   .0030173    -0.75   0.456     -.008173    .0036699
     durationmiss |   .1637459   .5338226     0.31   0.759    -.8838633    1.211355
           zcount |   .0081854   .1902369     0.04   0.966    -.3651483    .3815191
          zcount4 |   .6179944   .3681469     1.68   0.094    -.1044816     1.34047
          zcount5 |   .3079797   .2223923     1.38   0.166    -.1284577    .7444172
          zcount6 |    .271699   .3682607     0.74   0.461    -.4510004    .9943983
          zcount7 |          0  (omitted)
            cc_cn |          0  (omitted)
            cc_fr |  -.1827414    .308708    -0.59   0.554    -.7885705    .4230878
            cc_ge |  -.5414921   .2218387    -2.44   0.015    -.9768432   -.1061411
            cc_gr |          0  (omitted)
            cc_in |          0  (omitted)
            cc_it |   .4159585   .3921964     1.06   0.289    -.3537139    1.185631
            cc_jp |          0  (omitted)
            cc_po |  -.8005507   .5188509    -1.54   0.123    -1.818778    .2176769
            cc_pt |  -.4524076   .4119258    -1.10   0.272    -1.260798    .3559831
            cc_sw |   .1890063   .3086484     0.61   0.540     -.416706    .7947186
            cc_uk |   .1193081   .1470995     0.81   0.418    -.1693698    .4079859
            _cons |   .1672318   .9635676     0.17   0.862    -1.723738    2.058201
------------------+----------------------------------------------------------------
              sic |   absorbed                                     (110 categories)
(est13 stored)

. test $just_inten_multi

 ( 1)  a_w_erp_oth_multi = 0
 ( 2)  a_w_net_multi = 0

       F(  2,   949) =    1.25
            Prob > F =    0.2870

. 
. esttab using Table_A3.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01)  ke
> ep(w_erp_oth w_net* a_* multi MNE multiple_sic_pri1  pro) nogap 
(note: file Table_A3.csv not found)
(output written to Table_A3.csv)

. 
. 
. 
. ********
. * Table A5 - Cross Technology regressions 
. ********
. u ictorg, clear

. foreach var in w_erp_oth w_workstation w_net {
  2. ge c_`var'=`var'
  3. replace c_`var'=-99 if c_`var'==.
  4. ge du_`var'=c_`var'==-99
  5. label var c_`var' "`var'"
  6. label var `var' "`var'"
  7. }
(38 missing values generated)
(38 real changes made)
(126 missing values generated)
(126 real changes made)
(6 missing values generated)
(6 real changes made)

. cap estimates drop *

. * Zorg
. eststo:xi: areg zorg  w_erp_oth c_w_workstation w_net du_w_workstation lpcemp lpcempm yy* ldegree_t*  $collapse $firm $noise_a zcoun
> t* cc* if sa1==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  86,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3597
                                                  Adj R-squared   =     0.2034
                                                  Root MSE        =     0.8722

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1931787    .086689     2.23   0.026     .0230545     .363303
 c_w_workstation |   .2189772   .2210978     0.99   0.322      -.21492    .6528744
           w_net |   -.189165   .0902161    -2.10   0.036    -.3662111   -.0121189
du_w_workstation |    21.5952   21.89326     0.99   0.324     -21.3696    64.56001
          lpcemp |  -.0400627   .0453275    -0.88   0.377    -.1290164    .0488909
         lpcempm |  -3.713501   4.442148    -0.84   0.403    -12.43107    5.004066
              yy |          0  (omitted)
       ldegree_t |   .1002375   .0325413     3.08   0.002     .0363763    .1640988
   ldegree_tmiss |   .1561377   .1183578     1.32   0.187    -.0761356    .3884111
        _Inobs_2 |  -.1851411    .317098    -0.58   0.559    -.8074354    .4371531
        _Inobs_3 |  -.1044856   .3134027    -0.33   0.739    -.7195281    .5105569
        _Inobs_4 |  -.0652374   .3194369    -0.20   0.838    -.6921217    .5616469
        _Inobs_5 |   .1047939   .3147774     0.33   0.739    -.5129463     .722534
        _Inobs_6 |   .0568997    .317989     0.18   0.858    -.5671433    .6809427
        _Inobs_7 |   .3843697   .4076622     0.94   0.346    -.4156539    1.184393
            ln_N |   .0616907   .0426188     1.45   0.148    -.0219472    .1453286
       ln_N_miss |   5.835899   4.466555     1.31   0.192    -2.929568    14.60137
           share |   .1225899   .0474777     2.58   0.010     .0294164    .2157633
       sharemiss |   12.26511   4.664637     2.63   0.009     3.110917    21.41931
           MNE_f |   .1849249     .08391     2.20   0.028     .0202542    .3495955
           MNE_d |   .1606816   .0874325     1.84   0.066    -.0109017    .3322649
          onsite |   -.086928   .0697778    -1.25   0.213    -.2238646    .0500085
         onsitem |  -8.596521   6.960791    -1.23   0.217    -22.25684      5.0638
             aa1 |  -1.075407   .5503311    -1.95   0.051    -2.155414    .0045993
             aa2 |  -1.218068   .3189714    -3.82   0.000    -1.844039   -.5920975
             aa3 |  -1.469258   .3659388    -4.02   0.000    -2.187401   -.7511157
             aa4 |  -2.068535   .4868284    -4.25   0.000     -3.02392   -1.113151
             aa5 |  -1.170219   .3359046    -3.48   0.001     -1.82942   -.5110169
             aa6 |  -.7586186   .3504757    -2.16   0.031    -1.446416   -.0708217
             aa7 |  -1.326133    .515634    -2.57   0.010    -2.338048   -.3142183
             aa8 |   -1.34693   .2550787    -5.28   0.000    -1.847514   -.8463466
             aa9 |  -.3201986   .3922548    -0.82   0.415    -1.089986    .4495885
            aa10 |  -1.060429   .2793954    -3.80   0.000    -1.608733   -.5121246
            aa11 |          0  (omitted)
            aa12 |  -1.637847   .4232315    -3.87   0.000    -2.468424   -.8072688
            aa13 |  -.8995536   .3269725    -2.75   0.006    -1.541226   -.2578809
            aa14 |  -.4686346   .2863745    -1.64   0.102    -1.030635    .0933659
            aa15 |  -1.631221   .3750291    -4.35   0.000    -2.367203   -.8952384
            aa16 |  -1.305968   .2859986    -4.57   0.000    -1.867231   -.7447051
            aa17 |  -1.111545   .5910261    -1.88   0.060    -2.271414    .0483242
            aa18 |          0  (omitted)
            aa19 |  -.6722196   .2663035    -2.52   0.012    -1.194831   -.1496078
            aa20 |  -1.206258   .3502871    -3.44   0.001    -1.893685   -.5188314
            aa21 |  -.2324934   .5729703    -0.41   0.685    -1.356929    .8919418
            aa22 |  -2.805751   .3878439    -7.23   0.000    -3.566882   -2.044621
            aa23 |  -1.200218   .3819044    -3.14   0.002    -1.949693    -.450743
            aa24 |  -.5257708   .4746644    -1.11   0.268    -1.457284    .4057424
            aa25 |  -1.891771   .4911646    -3.85   0.000    -2.855666   -.9278771
            aa26 |  -.9054118   .2540368    -3.56   0.000    -1.403951    -.406873
            aa27 |  -.8641096   .2804667    -3.08   0.002    -1.414516    -.313703
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1253663   .3679926     0.34   0.733    -.5968069    .8475395
            aa31 |  -1.000223   .3258359    -3.07   0.002    -1.639665   -.3607812
            aa32 |  -1.901153   .3695339    -5.14   0.000    -2.626351   -1.175955
            aa33 |          0  (omitted)
            aa34 |  -.5687837   .3272459    -1.74   0.083    -1.210993    .0734255
            aa35 |  -.8200638   .2446487    -3.35   0.001    -1.300179   -.3399488
            aa36 |  -.7349072   .5864038    -1.25   0.210    -1.885705    .4158909
            aa37 |          0  (omitted)
            aa38 |  -.9885935   .4414652    -2.24   0.025    -1.854954   -.1222326
            aa39 |  -.4844725   .2965411    -1.63   0.103    -1.066425    .0974797
            aa40 |  -1.001867   .5445765    -1.84   0.066     -2.07058    .0668464
            aa41 |  -.7782998   .4325358    -1.80   0.072    -1.627137    .0705374
            aa42 |          0  (omitted)
            aa43 |  -1.293234   .3326535    -3.89   0.000    -1.946055   -.6404122
            aa44 |  -.6443856    .361607    -1.78   0.075    -1.354027    .0652561
            aa45 |  -.1738815   .4438378    -0.39   0.695    -1.044898    .6971355
            aa46 |  -.6150665   .4375176    -1.41   0.160     -1.47368    .2435473
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0519698   .0255029     2.04   0.042     .0019213    .1020183
 reliabilitymiss |   5.766478   2.792283     2.07   0.039      .286716    11.24624
             dd1 |  -.0895204   .2288149    -0.39   0.696     -.538562    .3595212
             dd2 |  -.0416977   .1573561    -0.26   0.791    -.3505039    .2671085
             dd3 |   .2055313   .1399557     1.47   0.142    -.0691272    .4801898
             dd4 |   .0682873   .1385752     0.49   0.622    -.2036619    .3402366
             dd5 |  -.0700573   .1362752    -0.51   0.607    -.3374929    .1973782
             dd6 |  -.0291901   .1420124    -0.21   0.837    -.3078847    .2495045
             dd7 |    .098885   .1792348     0.55   0.581    -.2528573    .4506273
             dd8 |          0  (omitted)
    i_comptenure |  -.0059436   .0031619    -1.88   0.060    -.0121487    .0002615
i_comptenuremiss |  -.7300186   .4321124    -1.69   0.091    -1.578025    .1179876
     i_seniority |   .0246398   .0440797     0.56   0.576    -.0618651    .1111447
 i_senioritymiss |   2.412157   4.504508     0.54   0.592     -6.42779     11.2521
        duration |  -.0021544    .003051    -0.71   0.480    -.0081418    .0038331
    durationmiss |   .1802571   .5402197     0.33   0.739    -.8799061     1.24042
          zcount |   .0125211   .1868221     0.07   0.947     -.354111    .3791532
         zcount4 |   .5736424   .3684077     1.56   0.120    -.1493454     1.29663
         zcount5 |   .3117898   .2190572     1.42   0.155    -.1181026    .7416823
         zcount6 |   .2811261   .3494002     0.80   0.421    -.4045601    .9668123
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1600202   .3134109    -0.51   0.610    -.7750788    .4550384
           cc_ge |  -.5134604   .2251572    -2.28   0.023     -.955324   -.0715968
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4223033   .3949221     1.07   0.285    -.3527183    1.197325
           cc_jp |          0  (omitted)
           cc_po |  -.8051683   .5441123    -1.48   0.139    -1.872971    .2626341
           cc_pt |  -.4081615   .4257261    -0.96   0.338    -1.243635    .4273119
           cc_sw |   .2373476   .3102112     0.77   0.444    -.3714316    .8461267
           cc_uk |   .1342706   .1494221     0.90   0.369    -.1589653    .4275065
           _cons |   .2593613   .9511147     0.27   0.785     -1.60717    2.125892
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est1 stored)

. * Pace
. eststo: xi: probit pace  w_workstation c_w_erp_oth du_w_erp_oth w_net  lpcemp lpcempm yy* ldegree_t*  $collapse $firm $noise_a cc* i
> .sic  if sa3==1, cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: yy omitted because of collinearity
note: onsitem omitted because of collinearity
note: aa1 omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa4 omitted because of collinearity
note: aa7 omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa12 omitted because of collinearity
note: aa13 omitted because of collinearity
note: aa17 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa20 omitted because of collinearity
note: aa22 omitted because of collinearity
note: aa24 omitted because of collinearity
note: aa27 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa34 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa41 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa44 omitted because of collinearity
note: aa45 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: i_comptenuremiss omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_203 omitted because of collinearity
note: _Isic_204 omitted because of collinearity
note: _Isic_207 omitted because of collinearity
note: _Isic_208 omitted because of collinearity
note: _Isic_209 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_214 omitted because of collinearity
note: _Isic_225 omitted because of collinearity
note: _Isic_226 omitted because of collinearity
note: _Isic_227 omitted because of collinearity
note: _Isic_233 omitted because of collinearity
note: _Isic_235 omitted because of collinearity
note: _Isic_238 omitted because of collinearity
note: _Isic_239 omitted because of collinearity
note: _Isic_242 omitted because of collinearity
note: _Isic_243 omitted because of collinearity
note: _Isic_245 omitted because of collinearity
note: _Isic_249 omitted because of collinearity
note: _Isic_252 omitted because of collinearity
note: _Isic_261 omitted because of collinearity
note: _Isic_271 omitted because of collinearity
note: _Isic_272 omitted because of collinearity
note: _Isic_278 omitted because of collinearity
note: _Isic_281 omitted because of collinearity
note: _Isic_283 omitted because of collinearity
note: _Isic_284 omitted because of collinearity
note: _Isic_301 omitted because of collinearity
note: _Isic_302 omitted because of collinearity
note: _Isic_305 omitted because of collinearity
note: _Isic_311 omitted because of collinearity
note: _Isic_321 omitted because of collinearity
note: _Isic_322 omitted because of collinearity
note: _Isic_324 omitted because of collinearity
note: _Isic_325 omitted because of collinearity
note: _Isic_327 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_329 omitted because of collinearity
note: _Isic_332 omitted because of collinearity
note: _Isic_334 omitted because of collinearity
note: _Isic_335 omitted because of collinearity
note: _Isic_336 omitted because of collinearity
note: _Isic_339 omitted because of collinearity
note: _Isic_341 omitted because of collinearity
note: _Isic_343 omitted because of collinearity
note: _Isic_345 omitted because of collinearity
note: _Isic_346 omitted because of collinearity
note: _Isic_348 omitted because of collinearity
note: _Isic_351 omitted because of collinearity
note: _Isic_353 omitted because of collinearity
note: _Isic_358 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_361 omitted because of collinearity
note: _Isic_365 omitted because of collinearity
note: _Isic_367 omitted because of collinearity
note: _Isic_373 omitted because of collinearity
note: _Isic_375 omitted because of collinearity
note: _Isic_379 omitted because of collinearity
note: _Isic_382 omitted because of collinearity
note: _Isic_391 omitted because of collinearity
note: _Isic_394 omitted because of collinearity
note: _Isic_395 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -194.46869  
Iteration 2:   log pseudolikelihood = -186.97004  
Iteration 3:   log pseudolikelihood = -186.43595  
Iteration 4:   log pseudolikelihood = -186.38784  
Iteration 5:   log pseudolikelihood = -186.38031  
Iteration 6:   log pseudolikelihood =  -186.3791  
Iteration 7:   log pseudolikelihood = -186.37892  
Iteration 8:   log pseudolikelihood = -186.37889  
Iteration 9:   log pseudolikelihood = -186.37888  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(110)  =          .
                                                  Prob > chi2     =          .
Log pseudolikelihood = -186.37888                 Pseudo R2       =     0.3191

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .9500083   .4203682     2.26   0.024     .1261018    1.773915
     c_w_erp_oth |   .0327548   .2243958     0.15   0.884    -.4070528    .4725625
    du_w_erp_oth |    .634199   22.25985     0.03   0.977    -42.99431    44.26271
           w_net |  -.4021726   .2274052    -1.77   0.077    -.8478786    .0435333
          lpcemp |   .2057883    .129659     1.59   0.112    -.0483385    .4599152
         lpcempm |    20.7988   12.68784     1.64   0.101    -4.068918    45.66651
              yy |          0  (omitted)
       ldegree_t |   .2945905   .0956527     3.08   0.002     .1071147    .4820663
   ldegree_tmiss |    .615284   .3284493     1.87   0.061    -.0284648    1.259033
        _Inobs_2 |  -7.128656   1.458289    -4.89   0.000     -9.98685   -4.270461
        _Inobs_3 |   -2.98055   1.363526    -2.19   0.029    -5.653012   -.3080869
        _Inobs_4 |  -3.258454   1.333003    -2.44   0.015    -5.871091   -.6458169
        _Inobs_5 |  -2.105311   1.282336    -1.64   0.101    -4.618644    .4080217
        _Inobs_6 |  -2.337369   1.266593    -1.85   0.065    -4.819846    .1451074
        _Inobs_7 |  -2.190436   1.326617    -1.65   0.099    -4.790558    .4096853
            ln_N |     .03258   .0966409     0.34   0.736    -.1568326    .2219927
       ln_N_miss |   3.594592   10.11949     0.36   0.722    -16.23925    23.42844
           share |   -.028026   .1270071    -0.22   0.825    -.2769554    .2209033
       sharemiss |  -2.840844   12.52213    -0.23   0.821    -27.38378    21.70209
           MNE_f |   .3070041   .2229829     1.38   0.169    -.1300345    .7440426
           MNE_d |   .2243239   .2131244     1.05   0.293    -.1933924    .6420401
          onsite |  -.0095097   .1582127    -0.06   0.952    -.3196009    .3005814
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.5399399    .804649    -0.67   0.502    -2.117023    1.037143
             aa4 |          0  (omitted)
             aa5 |  -1.713756   .5769043    -2.97   0.003    -2.844467   -.5830441
             aa6 |  -1.244194   .6297771    -1.98   0.048    -2.478534   -.0098535
             aa7 |          0  (omitted)
             aa8 |  -2.258452   .7942291    -2.84   0.004    -3.815113    -.701792
             aa9 |          0  (omitted)
            aa10 |   .4925033   .5852962     0.84   0.400    -.6546563    1.639663
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.044923    .623783    -3.28   0.001    -3.267515   -.8223302
            aa15 |   -1.00183   .9280717    -1.08   0.280    -2.820817     .817157
            aa16 |  -1.878437    .598874    -3.14   0.002    -3.052209   -.7046656
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.6612957   .6627131    -1.00   0.318    -1.960189     .637598
            aa20 |          0  (omitted)
            aa21 |  -.0721721   .7786425    -0.09   0.926    -1.598283    1.453939
            aa22 |          0  (omitted)
            aa23 |  -2.668273   .6575832    -4.06   0.000    -3.957113   -1.379434
            aa24 |          0  (omitted)
            aa25 |  -4.852836   1.024497    -4.74   0.000    -6.860813   -2.844858
            aa26 |  -3.211784   .8908218    -3.61   0.000    -4.957763   -1.465806
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.847925   .6781013    -2.73   0.006    -3.176979   -.5188708
            aa32 |  -.2288369   .6123129    -0.37   0.709    -1.428948    .9712745
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.570888   .5195209    -3.02   0.002     -2.58913   -.5526458
            aa36 |    5.58975   .7371706     7.58   0.000     4.144922    7.034578
            aa37 |          0  (omitted)
            aa38 |  -1.140048   .8173368    -1.39   0.163    -2.741998     .461903
            aa39 |  -2.052103    .636264    -3.23   0.001    -3.299157   -.8050484
            aa40 |   .6205524   .7809751     0.79   0.427    -.9101306    2.151235
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.0760884   .0600929    -1.27   0.205    -.1938684    .0416916
 reliabilitymiss |  -7.047023   6.687487    -1.05   0.292    -20.15426     6.06021
             dd1 |  -.0145559   .4273473    -0.03   0.973    -.8521412    .8230294
             dd2 |  -.3613795   .3103704    -1.16   0.244    -.9696943    .2469354
             dd3 |  -.3508866   .3109997    -1.13   0.259    -.9604349    .2586616
             dd4 |  -.3158107   .2970909    -1.06   0.288    -.8980983    .2664768
             dd5 |  -.3512764    .267883    -1.31   0.190    -.8763175    .1737646
             dd6 |  -.7787263   .3187179    -2.44   0.015    -1.403402   -.1540507
             dd7 |   .4520547   .5096228     0.89   0.375    -.5467876    1.450897
             dd8 |          0  (omitted)
    i_comptenure |   .0041524   .0069392     0.60   0.550    -.0094481    .0177529
i_comptenuremiss |          0  (omitted)
     i_seniority |   -.083977   .0932774    -0.90   0.368    -.2667973    .0988433
 i_senioritymiss |  -9.220591   9.509101    -0.97   0.332    -27.85809    9.416903
        duration |  -.0033113   .0070322    -0.47   0.638    -.0170942    .0104716
    durationmiss |  -.6233068   1.365989    -0.46   0.648    -3.300596    2.053982
           cc_cn |          0  (omitted)
           cc_fr |   .2435914   .8329244     0.29   0.770     -1.38891    1.876093
           cc_ge |   .8807541   .5906229     1.49   0.136    -.2768454    2.038354
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.351159   1.085573     4.01   0.000     2.223474    6.478844
           cc_jp |          0  (omitted)
           cc_po |  -5.654164   .9609131    -5.88   0.000    -7.537519   -3.770809
           cc_pt |          0  (omitted)
           cc_sw |   1.997043   .5977604     3.34   0.001      .825454    3.168632
           cc_uk |   .5193017   .3936898     1.32   0.187    -.2523162     1.29092
       _Isic_202 |  -.3130085   .6441938    -0.49   0.627    -1.575605    .9495882
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0308502   .6837153     0.05   0.964    -1.309207    1.370908
       _Isic_206 |  -.1823927   .8727895    -0.21   0.834    -1.893029    1.528243
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .8240021   1.003528     0.82   0.412    -1.142877    2.790881
       _Isic_224 |   .1976282    .818195     0.24   0.809    -1.406005    1.801261
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1543123   .6681483     0.23   0.817    -1.155234    1.463859
       _Isic_229 |  -.8120654   .7417206    -1.09   0.274    -2.265811    .6416803
       _Isic_232 |  -.3619755   .7648949    -0.47   0.636    -1.861142    1.137191
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |    .440896   .7329208     0.60   0.547    -.9956025    1.877394
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.361469   .9984352     1.36   0.173     -.595428    3.318366
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .0618293   .5489505     0.11   0.910    -1.014094    1.137753
       _Isic_265 |  -.6617608   .6328014    -1.05   0.296    -1.902029    .5785072
       _Isic_267 |  -.8878853   .6508046    -1.36   0.172    -2.163439    .3876684
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.3136222   .8195805    -0.38   0.702     -1.91997    1.292726
       _Isic_274 |   2.652943   .9945284     2.67   0.008     .7037033    4.602183
       _Isic_275 |  -.6039748   .5752203    -1.05   0.294    -1.731386    .5234363
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.735057   1.039516     1.67   0.095    -.3023579    3.772471
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.338071   .7267773    -1.84   0.066    -2.762528    .0863866
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.587928    .720131    -2.21   0.027    -2.999359   -.1764977
       _Isic_286 |  -.9204752   .7091947    -1.30   0.194    -2.310471    .4695208
       _Isic_287 |  -.6116605    .676712    -0.90   0.366    -1.937992    .7146706
       _Isic_289 |   -.454084   .5876795    -0.77   0.440    -1.605915    .6977466
       _Isic_299 |  -.3609481   .7699766    -0.47   0.639    -1.870075    1.148178
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |   .0024955   .6557081     0.00   0.997    -1.282669     1.28766
       _Isic_308 |   -.367423   .5088918    -0.72   0.470    -1.364833    .6299866
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.2471884    .933846    -0.26   0.791    -2.077493    1.583116
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.1648044   .8058408    -0.20   0.838    -1.744223    1.414614
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.5300322   .6253889    -0.85   0.397    -1.755772    .6957076
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.6253196   .6788779    -0.92   0.357    -1.955896    .7052567
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .3083995   .9929047     0.31   0.756    -1.637658    2.254457
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.0494194   .6317632    -0.08   0.938    -1.287653    1.188814
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   7.037011    1.15562     6.09   0.000     4.772038    9.301984
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.8889467   .5330456    -1.67   0.095    -1.933697    .1558035
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.2604077   .7382372    -0.35   0.724    -1.707326    1.186511
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.452971   .7480874    -1.94   0.052    -2.919195    .0132536
       _Isic_355 |  -.8004005   .5516945    -1.45   0.147    -1.881702    .2809009
       _Isic_356 |  -.7350196   .5295555    -1.39   0.165    -1.772929    .3028901
       _Isic_357 |  -.7740975   .8820051    -0.88   0.380    -2.502796    .9546007
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |   -.768843   .5448013    -1.41   0.158    -1.836634     .298948
       _Isic_363 |   -1.05518   .7837635    -1.35   0.178    -2.591328    .4809685
       _Isic_364 |  -.9430099   .6413765    -1.47   0.141    -2.200085    .3140649
       _Isic_365 |          0  (omitted)
       _Isic_366 |  -.1397162   .6389763    -0.22   0.827    -1.392087    1.112654
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.9338447   .6682296    -1.40   0.162    -2.243551    .3758613
       _Isic_371 |  -1.288733   .6242279    -2.06   0.039    -2.512197    -.065269
       _Isic_372 |  -1.137457    .930568    -1.22   0.222    -2.961337    .6864228
       _Isic_373 |          0  (omitted)
       _Isic_374 |  -.4210306   .8357328    -0.50   0.614    -2.059037    1.216976
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.7124721   .7276172    -0.98   0.327    -2.138576    .7136315
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.6009808   .6520883    -0.92   0.357     -1.87905    .6770888
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.6284019   .8230005    -0.76   0.445    -2.241453    .9846496
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .4299567   .7945218     0.54   0.588    -1.127277    1.987191
           _cons |   2.834498   1.596655     1.78   0.076     -.294889    5.963885
----------------------------------------------------------------------------------
Note: 8 failures and 0 successes completely determined.
(est2 stored)

. * PM span 
. eststo:xi: areg lspa  w_workstation  c_w_erp_oth du_w_erp_oth w_net lpcemp lpcempm yy* ldegree_t*  $collapse $firm $noise_a cc* if l
> evels_ceopm>0& sa4==1 , cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  81,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2133
                                                  Adj R-squared   =     0.0058
                                                  Root MSE        =     0.5243

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2445351   .1185774     2.06   0.039     .0117993    .4772708
     c_w_erp_oth |   .0449135   .0576921     0.78   0.436    -.0683207    .1581477
    du_w_erp_oth |   4.949981   5.713699     0.87   0.387    -6.264482    16.16444
           w_net |  -.0190165   .0587093    -0.32   0.746    -.1342471    .0962141
          lpcemp |    .000509   .0304884     0.02   0.987    -.0593316    .0603496
         lpcempm |   .1757632   2.999218     0.06   0.953      -5.7109    6.062426
              yy |          0  (omitted)
       ldegree_t |   .0428688   .0231542     1.85   0.064    -.0025768    .0883143
   ldegree_tmiss |   .1906574   .0824628     2.31   0.021     .0288049    .3525099
        _Inobs_2 |   .4359686    .259068     1.68   0.093    -.0725126    .9444498
        _Inobs_3 |   .4125171   .2644095     1.56   0.119     -.106448    .9314823
        _Inobs_4 |   .5408758   .2613847     2.07   0.039     .0278474    1.053904
        _Inobs_5 |   .4450048   .2370141     1.88   0.061    -.0201905    .9102002
        _Inobs_6 |   .4761639   .2355462     2.02   0.044     .0138497    .9384781
        _Inobs_7 |   .4596968   .2694396     1.71   0.088    -.0691412    .9885348
            ln_N |   .0604892   .0265599     2.28   0.023     .0083593    .1126191
       ln_N_miss |   11.56894    5.45191     2.12   0.034     .8683011    22.26959
           share |   .0499717   .0334075     1.50   0.135    -.0155983    .1155417
       sharemiss |          0  (omitted)
           MNE_f |   .0289875   .0566439     0.51   0.609    -.0821894    .1401644
           MNE_d |   .0672441   .0573001     1.17   0.241    -.0452208    .1797089
          onsite |    .011874   .0467745     0.25   0.800    -.0799319    .1036799
         onsitem |   1.129501   4.655511     0.24   0.808    -8.008024    10.26703
             aa1 |   .0209072   .2512793     0.08   0.934    -.4722868    .5141012
             aa2 |    .874179   .2270281     3.85   0.000     .4285836    1.319774
             aa3 |  -.2604988   .2988323    -0.87   0.384    -.8470267    .3260291
             aa4 |   .5192719   .4875583     1.07   0.287    -.4376746    1.476218
             aa5 |   .1724759   .2056324     0.84   0.402    -.2311254    .5760773
             aa6 |  -.1078127   .1952424    -0.55   0.581    -.4910214     .275396
             aa7 |   -.422869   .3715039    -1.14   0.255    -1.152032    .3062938
             aa8 |  -.0935065   .1592913    -0.59   0.557    -.4061528    .2191397
             aa9 |   .2639623   .2249005     1.17   0.241    -.1774573     .705382
            aa10 |  -.3536865      .1759    -2.01   0.045    -.6989311   -.0084418
            aa11 |          0  (omitted)
            aa12 |   .3866211   .4199939     0.92   0.358    -.4377147    1.210957
            aa13 |   .2801028   .2648035     1.06   0.290    -.2396356    .7998412
            aa14 |  -.1140813     .18498    -0.62   0.538    -.4771475     .248985
            aa15 |  -.2918107   .2253585    -1.29   0.196    -.7341292    .1505078
            aa16 |  -.0832821   .1750586    -0.48   0.634    -.4268752    .2603111
            aa17 |  -.0121226    .289445    -0.04   0.967    -.5802257    .5559805
            aa18 |          0  (omitted)
            aa19 |  -.0443078   .1619996    -0.27   0.785    -.3622697    .2736541
            aa20 |   .0517188   .2422483     0.21   0.831    -.4237499    .5271875
            aa21 |  -.3881433   .3098082    -1.25   0.211    -.9962139    .2199274
            aa22 |   .4617361   .2124487     2.17   0.030      .044756    .8787161
            aa23 |   .0580367   .1892683     0.31   0.759    -.3134464    .4295198
            aa24 |  -.1437821   .3442388    -0.42   0.676    -.8194308    .5318666
            aa25 |   .1085167   .4028853     0.27   0.788    -.6822394    .8992728
            aa26 |   .0079158   .1543054     0.05   0.959    -.2949445    .3107761
            aa27 |   .0504075   .2159115     0.23   0.815     -.373369    .4741841
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.284198   .2190029     5.86   0.000     .8543535    1.714042
            aa31 |   .0499907   .1885403     0.27   0.791    -.3200636    .4200449
            aa32 |  -.3522494   .3032566    -1.16   0.246     -.947461    .2429622
            aa33 |          0  (omitted)
            aa34 |   -.349452   .2156421    -1.62   0.105    -.7726998    .0737958
            aa35 |  -.1079799   .1546984    -0.70   0.485    -.4116115    .1956517
            aa36 |   -.019847   .2881869    -0.07   0.945     -.585481    .5457869
            aa37 |          0  (omitted)
            aa38 |   .1161011     .21185     0.55   0.584    -.2997038    .5319059
            aa39 |  -.0010381   .1889378    -0.01   0.996    -.3718725    .3697963
            aa40 |   .0265022   .2172841     0.12   0.903    -.3999684    .4529728
            aa41 |  -.5648186   .3005711    -1.88   0.061    -1.154759    .0251221
            aa42 |          0  (omitted)
            aa43 |   .0755391   .1781628     0.42   0.672    -.2741469    .4252252
            aa44 |  -.3659179   .2025792    -1.81   0.071    -.7635268     .031691
            aa45 |  -.0417696   .2508897    -0.17   0.868     -.534199    .4506597
            aa46 |   -.111204   .2431376    -0.46   0.648    -.5884181    .3660101
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0131638   .0155704     0.85   0.398    -.0173967    .0437243
 reliabilitymiss |   2.263326   1.709447     1.32   0.186    -1.091861    5.618513
             dd1 |  -.0844315   .1552655    -0.54   0.587    -.3891761    .2203131
             dd2 |  -.0467689   .0830569    -0.56   0.574    -.2097873    .1162495
             dd3 |   .0350865   .0791836     0.44   0.658    -.1203297    .1905026
             dd4 |  -.0298353   .0751527    -0.40   0.691      -.17734    .1176695
             dd5 |  -.0379217    .075264    -0.50   0.614    -.1856448    .1098014
             dd6 |  -.0235555   .0822513    -0.29   0.775    -.1849928    .1378818
             dd7 |  -.1765456   .1162565    -1.52   0.129    -.4047259    .0516348
             dd8 |          0  (omitted)
    i_comptenure |  -.0015635   .0019378    -0.81   0.420    -.0053668    .0022398
i_comptenuremiss |  -.6465824   .2809372    -2.30   0.022    -1.197987   -.0951779
     i_seniority |  -.0327951   .0273586    -1.20   0.231    -.0864927    .0209024
 i_senioritymiss |  -3.411583   2.800416    -1.22   0.223     -8.90805    2.084885
        duration |  -.0052357   .0018991    -2.76   0.006    -.0089631   -.0015082
    durationmiss |  -1.025168    .321618    -3.19   0.001    -1.656418    -.393918
           cc_cn |          0  (omitted)
           cc_fr |  -.0089605   .1669927    -0.05   0.957    -.3367226    .3188016
           cc_ge |   .0001334   .1280585     0.00   0.999    -.2512113    .2514781
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3960612   .3956387    -1.00   0.317    -1.172594    .3804718
           cc_jp |          0  (omitted)
           cc_po |  -.0444607   .2765021    -0.16   0.872    -.5871605     .498239
           cc_pt |   .6293812   .2776422     2.27   0.024     .0844438    1.174319
           cc_sw |   .0205072   .1521834     0.13   0.893    -.2781882    .3192026
           cc_uk |  -.0927753   .0857742    -1.08   0.280    -.2611271    .0755766
           _cons |   1.298618   .4020434     3.23   0.001     .5095139    2.087722
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est3 stored)

. esttab using TableA5.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) keep
> (w_erp_oth w_net w_workstation c_*) nogap 
(note: file TableA5.csv not found)
(output written to TableA5.csv)

. 
. * Marginal effects
. cap estimates drop *

. * Zorg
. eststo: xi:areg zorg  w_erp_oth c_w_workstation w_net du_w_workstation lpcemp lpcempm yy* ldegree_t*  $collapse $firm $noise_a zcoun
> t* cc* if sa1==1, cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  86,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3597
                                                  Adj R-squared   =     0.2034
                                                  Root MSE        =     0.8722

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1931787    .086689     2.23   0.026     .0230545     .363303
 c_w_workstation |   .2189772   .2210978     0.99   0.322      -.21492    .6528744
           w_net |   -.189165   .0902161    -2.10   0.036    -.3662111   -.0121189
du_w_workstation |    21.5952   21.89326     0.99   0.324     -21.3696    64.56001
          lpcemp |  -.0400627   .0453275    -0.88   0.377    -.1290164    .0488909
         lpcempm |  -3.713501   4.442148    -0.84   0.403    -12.43107    5.004066
              yy |          0  (omitted)
       ldegree_t |   .1002375   .0325413     3.08   0.002     .0363763    .1640988
   ldegree_tmiss |   .1561377   .1183578     1.32   0.187    -.0761356    .3884111
        _Inobs_2 |  -.1851411    .317098    -0.58   0.559    -.8074354    .4371531
        _Inobs_3 |  -.1044856   .3134027    -0.33   0.739    -.7195281    .5105569
        _Inobs_4 |  -.0652374   .3194369    -0.20   0.838    -.6921217    .5616469
        _Inobs_5 |   .1047939   .3147774     0.33   0.739    -.5129463     .722534
        _Inobs_6 |   .0568997    .317989     0.18   0.858    -.5671433    .6809427
        _Inobs_7 |   .3843697   .4076622     0.94   0.346    -.4156539    1.184393
            ln_N |   .0616907   .0426188     1.45   0.148    -.0219472    .1453286
       ln_N_miss |   5.835899   4.466555     1.31   0.192    -2.929568    14.60137
           share |   .1225899   .0474777     2.58   0.010     .0294164    .2157633
       sharemiss |   12.26511   4.664637     2.63   0.009     3.110917    21.41931
           MNE_f |   .1849249     .08391     2.20   0.028     .0202542    .3495955
           MNE_d |   .1606816   .0874325     1.84   0.066    -.0109017    .3322649
          onsite |   -.086928   .0697778    -1.25   0.213    -.2238646    .0500085
         onsitem |  -8.596521   6.960791    -1.23   0.217    -22.25684      5.0638
             aa1 |  -1.075407   .5503311    -1.95   0.051    -2.155414    .0045993
             aa2 |  -1.218068   .3189714    -3.82   0.000    -1.844039   -.5920975
             aa3 |  -1.469258   .3659388    -4.02   0.000    -2.187401   -.7511157
             aa4 |  -2.068535   .4868284    -4.25   0.000     -3.02392   -1.113151
             aa5 |  -1.170219   .3359046    -3.48   0.001     -1.82942   -.5110169
             aa6 |  -.7586186   .3504757    -2.16   0.031    -1.446416   -.0708217
             aa7 |  -1.326133    .515634    -2.57   0.010    -2.338048   -.3142183
             aa8 |   -1.34693   .2550787    -5.28   0.000    -1.847514   -.8463466
             aa9 |  -.3201986   .3922548    -0.82   0.415    -1.089986    .4495885
            aa10 |  -1.060429   .2793954    -3.80   0.000    -1.608733   -.5121246
            aa11 |          0  (omitted)
            aa12 |  -1.637847   .4232315    -3.87   0.000    -2.468424   -.8072688
            aa13 |  -.8995536   .3269725    -2.75   0.006    -1.541226   -.2578809
            aa14 |  -.4686346   .2863745    -1.64   0.102    -1.030635    .0933659
            aa15 |  -1.631221   .3750291    -4.35   0.000    -2.367203   -.8952384
            aa16 |  -1.305968   .2859986    -4.57   0.000    -1.867231   -.7447051
            aa17 |  -1.111545   .5910261    -1.88   0.060    -2.271414    .0483242
            aa18 |          0  (omitted)
            aa19 |  -.6722196   .2663035    -2.52   0.012    -1.194831   -.1496078
            aa20 |  -1.206258   .3502871    -3.44   0.001    -1.893685   -.5188314
            aa21 |  -.2324934   .5729703    -0.41   0.685    -1.356929    .8919418
            aa22 |  -2.805751   .3878439    -7.23   0.000    -3.566882   -2.044621
            aa23 |  -1.200218   .3819044    -3.14   0.002    -1.949693    -.450743
            aa24 |  -.5257708   .4746644    -1.11   0.268    -1.457284    .4057424
            aa25 |  -1.891771   .4911646    -3.85   0.000    -2.855666   -.9278771
            aa26 |  -.9054118   .2540368    -3.56   0.000    -1.403951    -.406873
            aa27 |  -.8641096   .2804667    -3.08   0.002    -1.414516    -.313703
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1253663   .3679926     0.34   0.733    -.5968069    .8475395
            aa31 |  -1.000223   .3258359    -3.07   0.002    -1.639665   -.3607812
            aa32 |  -1.901153   .3695339    -5.14   0.000    -2.626351   -1.175955
            aa33 |          0  (omitted)
            aa34 |  -.5687837   .3272459    -1.74   0.083    -1.210993    .0734255
            aa35 |  -.8200638   .2446487    -3.35   0.001    -1.300179   -.3399488
            aa36 |  -.7349072   .5864038    -1.25   0.210    -1.885705    .4158909
            aa37 |          0  (omitted)
            aa38 |  -.9885935   .4414652    -2.24   0.025    -1.854954   -.1222326
            aa39 |  -.4844725   .2965411    -1.63   0.103    -1.066425    .0974797
            aa40 |  -1.001867   .5445765    -1.84   0.066     -2.07058    .0668464
            aa41 |  -.7782998   .4325358    -1.80   0.072    -1.627137    .0705374
            aa42 |          0  (omitted)
            aa43 |  -1.293234   .3326535    -3.89   0.000    -1.946055   -.6404122
            aa44 |  -.6443856    .361607    -1.78   0.075    -1.354027    .0652561
            aa45 |  -.1738815   .4438378    -0.39   0.695    -1.044898    .6971355
            aa46 |  -.6150665   .4375176    -1.41   0.160     -1.47368    .2435473
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0519698   .0255029     2.04   0.042     .0019213    .1020183
 reliabilitymiss |   5.766478   2.792283     2.07   0.039      .286716    11.24624
             dd1 |  -.0895204   .2288149    -0.39   0.696     -.538562    .3595212
             dd2 |  -.0416977   .1573561    -0.26   0.791    -.3505039    .2671085
             dd3 |   .2055313   .1399557     1.47   0.142    -.0691272    .4801898
             dd4 |   .0682873   .1385752     0.49   0.622    -.2036619    .3402366
             dd5 |  -.0700573   .1362752    -0.51   0.607    -.3374929    .1973782
             dd6 |  -.0291901   .1420124    -0.21   0.837    -.3078847    .2495045
             dd7 |    .098885   .1792348     0.55   0.581    -.2528573    .4506273
             dd8 |          0  (omitted)
    i_comptenure |  -.0059436   .0031619    -1.88   0.060    -.0121487    .0002615
i_comptenuremiss |  -.7300186   .4321124    -1.69   0.091    -1.578025    .1179876
     i_seniority |   .0246398   .0440797     0.56   0.576    -.0618651    .1111447
 i_senioritymiss |   2.412157   4.504508     0.54   0.592     -6.42779     11.2521
        duration |  -.0021544    .003051    -0.71   0.480    -.0081418    .0038331
    durationmiss |   .1802571   .5402197     0.33   0.739    -.8799061     1.24042
          zcount |   .0125211   .1868221     0.07   0.947     -.354111    .3791532
         zcount4 |   .5736424   .3684077     1.56   0.120    -.1493454     1.29663
         zcount5 |   .3117898   .2190572     1.42   0.155    -.1181026    .7416823
         zcount6 |   .2811261   .3494002     0.80   0.421    -.4045601    .9668123
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1600202   .3134109    -0.51   0.610    -.7750788    .4550384
           cc_ge |  -.5134604   .2251572    -2.28   0.023     -.955324   -.0715968
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4223033   .3949221     1.07   0.285    -.3527183    1.197325
           cc_jp |          0  (omitted)
           cc_po |  -.8051683   .5441123    -1.48   0.139    -1.872971    .2626341
           cc_pt |  -.4081615   .4257261    -0.96   0.338    -1.243635    .4273119
           cc_sw |   .2373476   .3102112     0.77   0.444    -.3714316    .8461267
           cc_uk |   .1342706   .1494221     0.90   0.369    -.1589653    .4275065
           _cons |   .2593613   .9511147     0.27   0.785     -1.60717    2.125892
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est1 stored)

. * Pace
. eststo: xi:dprobit pace  w_workstation c_w_erp_oth du_w_erp_oth w_net  lpcemp lpcempm yy* ldegree_t*  $collapse $firm $noise_a cc* i
> .sic  if sa3==1, cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: yy dropped because of collinearity
note: onsitem dropped because of collinearity
note: aa1 dropped because of collinearity
note: aa2 dropped because of collinearity
note: aa4 dropped because of collinearity
note: aa7 dropped because of collinearity
note: aa9 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa12 dropped because of collinearity
note: aa13 dropped because of collinearity
note: aa17 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa20 dropped because of collinearity
note: aa22 dropped because of collinearity
note: aa24 dropped because of collinearity
note: aa27 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa30 dropped because of collinearity
note: aa33 dropped because of collinearity
note: aa34 dropped because of collinearity
note: aa37 dropped because of collinearity
note: aa40 dropped because of collinearity
note: aa41 dropped because of collinearity
note: aa42 dropped because of collinearity
note: aa44 dropped because of collinearity
note: aa45 dropped because of collinearity
note: aa46 dropped because of collinearity
note: aa47 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: i_comptenuremiss dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_203 dropped because of collinearity
note: _Isic_204 dropped because of collinearity
note: _Isic_207 dropped because of collinearity
note: _Isic_208 dropped because of collinearity
note: _Isic_209 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_214 dropped because of collinearity
note: _Isic_225 dropped because of collinearity
note: _Isic_226 dropped because of collinearity
note: _Isic_227 dropped because of collinearity
note: _Isic_233 dropped because of collinearity
note: _Isic_235 dropped because of collinearity
note: _Isic_238 dropped because of collinearity
note: _Isic_239 dropped because of collinearity
note: _Isic_242 dropped because of collinearity
note: _Isic_243 dropped because of collinearity
note: _Isic_245 dropped because of collinearity
note: _Isic_249 dropped because of collinearity
note: _Isic_252 dropped because of collinearity
note: _Isic_261 dropped because of collinearity
note: _Isic_271 dropped because of collinearity
note: _Isic_272 dropped because of collinearity
note: _Isic_278 dropped because of collinearity
note: _Isic_281 dropped because of collinearity
note: _Isic_283 dropped because of collinearity
note: _Isic_284 dropped because of collinearity
note: _Isic_301 dropped because of collinearity
note: _Isic_302 dropped because of collinearity
note: _Isic_305 dropped because of collinearity
note: _Isic_311 dropped because of collinearity
note: _Isic_321 dropped because of collinearity
note: _Isic_322 dropped because of collinearity
note: _Isic_324 dropped because of collinearity
note: _Isic_325 dropped because of collinearity
note: _Isic_327 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_329 dropped because of collinearity
note: _Isic_332 dropped because of collinearity
note: _Isic_334 dropped because of collinearity
note: _Isic_335 dropped because of collinearity
note: _Isic_336 dropped because of collinearity
note: _Isic_339 dropped because of collinearity
note: _Isic_341 dropped because of collinearity
note: _Isic_343 dropped because of collinearity
note: _Isic_345 dropped because of collinearity
note: _Isic_346 dropped because of collinearity
note: _Isic_348 dropped because of collinearity
note: _Isic_351 dropped because of collinearity
note: _Isic_353 dropped because of collinearity
note: _Isic_358 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_361 dropped because of collinearity
note: _Isic_365 dropped because of collinearity
note: _Isic_367 dropped because of collinearity
note: _Isic_373 dropped because of collinearity
note: _Isic_375 dropped because of collinearity
note: _Isic_379 dropped because of collinearity
note: _Isic_382 dropped because of collinearity
note: _Isic_391 dropped because of collinearity
note: _Isic_394 dropped because of collinearity
note: _Isic_395 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood =  -195.7681
Iteration 2:   log pseudolikelihood = -187.85007
Iteration 3:   log pseudolikelihood = -186.55965
Iteration 4:   log pseudolikelihood = -186.41139
Iteration 5:   log pseudolikelihood = -186.38855
Iteration 6:   log pseudolikelihood = -186.38195
Iteration 7:   log pseudolikelihood = -186.37988
Iteration 8:   log pseudolikelihood = -186.37921
Iteration 9:   log pseudolikelihood = -186.37899
Iteration 10:  log pseudolikelihood = -186.37892
Iteration 11:  log pseudolikelihood = -186.37889
Iteration 12:  log pseudolikelihood = -186.37888
Iteration 13:  log pseudolikelihood = -186.37888
Iteration 14:  log pseudolikelihood = -186.37888
Iteration 15:  log pseudolikelihood = -186.37888
Iteration 16:  log pseudolikelihood = -186.37888
Iteration 17:  log pseudolikelihood = -186.37888
Iteration 18:  log pseudolikelihood = -186.37888
Iteration 19:  log pseudolikelihood = -186.37888
Iteration 20:  log pseudolikelihood = -186.37888

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(107)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -186.37888                       Pseudo R2     = 0.3191

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .1000173   .0459099     2.26   0.024   .028197   .010035  .189999
c_w_er~h |   .0034482   .0236652     0.15   0.884  -3.01665  -.042935  .049831
du_w_e~h*|   .1047852   5.177281     0.03   0.977   .033898  -10.0425  10.2521
   w_net |  -.0423423   .0238534    -1.77   0.077   .362801  -.089094   .00441
  lpcemp |   .0216657   .0138108     1.59   0.112  -2.52755  -.005403  .048734
 lpcempm*|   .9764174   .0132923     1.64   0.101   .016949   .950365  1.00247
ldegre~t |   .0310151   .0100421     3.08   0.002   2.02669   .011333  .050697
ldegre~s*|   .0930632   .0659305     1.87   0.061   .127889  -.036158  .222285
_Inobs_2*|  -.0772975    .012925        .       .   .024653   -.10263 -.051965
_Inobs_3*|  -.0681201   .0152929    -2.19   0.029   .047766  -.098094 -.038147
_Inobs_4*|  -.0692145   .0147055    -2.44   0.015   .046225  -.098037 -.040392
_Inobs_5*|   -.080239   .0269651    -1.64   0.101   .109399   -.13309 -.027388
_Inobs_6*|  -.4913824   .3691861    -1.85   0.065   .699538  -1.21497  .232209
_Inobs_7*|  -.0599241   .0127396    -1.65   0.099   .035439  -.084893 -.034955
    ln_N |   .0034298   .0102119     0.34   0.736   4.17367  -.016585  .023445
ln_N_m~s*|   .9261533   .6674817     0.36   0.722   .016949  -.382087  2.23439
   share |  -.0029516   .0133227    -0.22   0.825  -8.33264  -.029064   .02316
sharem~s*|   -.078766   .1411628    -0.23   0.820   .077042   -.35544  .197908
   MNE_f*|   .0346557   .0266741     1.38   0.169   .371341  -.017625  .086936
   MNE_d*|   .0253376   .0255295     1.05   0.293    .31433  -.024699  .075375
  onsite*|  -.0010032   .0167198    -0.06   0.952   .607088  -.033773  .031767
     aa3*|  -.0502805   .0125486    -1.23   0.220   .013867  -.074875 -.025686
     aa5*|  -.0547666   .0098377    -3.04   0.002   .013867  -.074048 -.035485
     aa6*|  -.0717171   .0152086    -2.42   0.016    .09245  -.101525 -.041909
     aa8*|  -.0640765   .0111657    -3.05   0.002   .038521  -.085961 -.042192
    aa10*|   -.012202    .066188    -0.17   0.868   .026194  -.141928  .117524
    aa14*|  -.0947356   .0198677    -3.37   0.001   .120185  -.133676 -.055796
    aa15*|  -.0616199   .0153856    -1.60   0.109   .060092  -.091775 -.031465
    aa16*|  -.0686097   .0124375    -3.24   0.001   .058552  -.092987 -.044233
    aa19*|  -.0535816    .011653    -1.57   0.117   .030817  -.076421 -.030742
    aa21*|  -.0416087   .0267918    -0.74   0.459   .006163   -.09412  .010902
    aa23*|  -.0989231   .0193383    -4.03   0.000   .104777  -.136825 -.061021
    aa25*|  -.0797912   .0136565    -7.35   0.000   .035439  -.106557 -.053025
    aa26*|  -.0711977   .0118514    -3.79   0.000   .043143  -.094426 -.047969
    aa31*|  -.0724695   .0145312    -2.93   0.003   .070878   -.10095 -.043989
    aa32*|  -.0467364   .0182731    -1.10   0.272   .026194  -.082551 -.010922
    aa35*|  -.0715424     .01357    -3.05   0.002   .077042  -.098139 -.044946
    aa36*|   .9677505   .0064298        .       .    .03698   .955148  .980353
    aa38*|  -.0544394   .0098776    -1.84   0.066    .01849  -.073799  -.03508
    aa39*|  -.0861606   .0171175    -3.29   0.001   .100154   -.11971 -.052611
    aa43*|  -.0400992   .0269409    -0.79   0.427   .020031  -.092902  .012704
reliab~y |  -.0080105   .0064999    -1.27   0.205   7.45917   -.02075  .004729
reliab~s*|  -.0572828   .0121004    -1.05   0.292   .007704  -.080999 -.033566
     dd1*|    -.03415   .0279921    -0.79   0.428   .026194  -.089013  .020713
     dd2*|   -.052646   .0205342    -1.56   0.120   .115562  -.092892   -.0124
     dd3*|  -.0566784   .0244312    -1.59   0.112   .171032  -.104563 -.008794
     dd4*|  -.0564606   .0262548    -1.55   0.121   .189522  -.107919 -.005002
     dd5*|  -.0590027   .0262259    -1.63   0.104   .198767  -.110404 -.007601
     dd6*|  -.0646187   .0155766    -2.46   0.014   .114022  -.095148 -.034089
     dd8*|  -.0370551   .0320585    -0.89   0.375   .152542  -.099889  .025778
i_comp~e |   .0004372     .00073     0.60   0.550   13.9521  -.000994  .001868
i_seni~y |  -.0088411   .0098013    -0.90   0.368   1.51772  -.028051  .010369
i_seni~s*|  -.0662364   .0196902    -0.97   0.332   .013867  -.104829 -.027644
duration |  -.0003487   .0007372    -0.47   0.638   44.7211  -.001794  .001096
durati~s*|  -.0399786   .0453563    -0.46   0.648   .015408  -.128875  .048918
   cc_fr*|   .0297942    .117876     0.29   0.770   .120185  -.201239  .260827
   cc_ge*|   .1436947   .1344375     1.49   0.136   .186441  -.119798  .407187
   cc_it*|   .9639564   .0069243        .       .   .032357   .950385  .977528
   cc_po*|  -.0807246   .0139905    -6.64   0.000   .035439  -.108145 -.053304
   cc_sw*|   .4765992   .1993957     3.34   0.001   .183359   .085791  .867408
   cc_uk*|   .0664521    .061066     1.32   0.187   .278891  -.053235  .186139
_Isi~202*|  -.0256805    .039622    -0.49   0.627   .016949  -.103338  .051977
_Isi~205*|   .0033263    .075614     0.05   0.964   .016949  -.144875  .151527
_Isi~206*|  -.0165738   .0673095    -0.21   0.834   .009245  -.148498   .11535
_Isi~221*|   .1574497   .2873622     0.82   0.412   .004622   -.40577  .720669
_Isi~224*|    .024362   .1166467     0.24   0.809   .003082  -.204261  .252985
_Isi~228*|   .0183592   .0890607     0.23   0.817   .009245  -.156197  .192915
_Isi~229*|  -.0452381    .017085    -1.09   0.274   .016949  -.078724 -.011752
_Isi~232*|  -.0284459   .0426417    -0.47   0.636   .010786  -.112022   .05513
_Isi~251*|      .0647   .1422759     0.60   0.547    .01849  -.214156  .343556
_Isi~254*|    .340766   .3838619     1.36   0.173   .003082  -.411589  1.09312
_Isi~262*|   .0068239     .06345     0.11   0.910   .033898  -.117536  .131184
_Isi~265*|  -.0422404   .0211155    -1.05   0.296   .035439  -.083626 -.000855
_Isi~267*|  -.0470416   .0142533    -1.36   0.172   .020031  -.074978 -.019106
_Isi~273*|  -.0256106    .049478    -0.38   0.702   .009245  -.122586  .071364
_Isi~274*|   .7939702   .2357759     2.67   0.008   .003082   .331858  1.25608
_Isi~275*|    -.03994   .0213463    -1.05   0.294   .029276  -.081778  .001898
_Isi~279*|   .4880362   .4123659     1.67   0.095   .003082  -.320186  1.29626
_Isi~282*|  -.0527873   .0101413    -1.84   0.066   .021572  -.072664 -.032911
_Isi~285*|   -.054563   .0097353    -2.21   0.027   .023112  -.073644 -.035482
_Isi~286*|  -.0468653   .0138027    -1.30   0.194   .010786  -.073918 -.019812
_Isi~287*|  -.0395861   .0235006    -0.90   0.366   .015408  -.085647  .006474
_Isi~289*|  -.0333454   .0278366    -0.77   0.440    .01849  -.087904  .021213
_Isi~299*|  -.0282767   .0423686    -0.47   0.639   .004622  -.111318  .054764
_Isi~306*|   .0002611   .0693068     0.00   0.997   .020031  -.135578    .1361
_Isi~308*|  -.0300806   .0309559    -0.72   0.470   .080123  -.090753  .030592
_Isi~323*|  -.0212921   .0642133    -0.26   0.791   .007704  -.147148  .104564
_Isi~326*|  -.0151957   .0640428    -0.20   0.838   .010786  -.140717  .110326
_Isi~331*|  -.0368377   .0259344    -0.85   0.397   .023112  -.087668  .013993
_Isi~333*|  -.0402605   .0230268    -0.92   0.357   .020031  -.085392  .004871
_Isi~342*|   .0413404    .164601     0.31   0.756   .006163  -.281272  .363952
_Isi~344*|  -.0050053   .0614765    -0.08   0.938   .023112  -.125497  .115486
_Isi~347*|   .9513521   .0090922     6.68   0.000   .003082   .933532  .969172
_Isi~349*|  -.0515767   .0153717    -1.67   0.095    .07396  -.081705 -.021449
_Isi~352*|  -.0221711   .0494081    -0.35   0.724   .006163  -.119009  .074667
_Isi~354*|  -.0542873   .0100367    -1.94   0.052   .026194  -.073959 -.034616
_Isi~355*|  -.0473601   .0161147    -1.45   0.147   .050847  -.078944 -.015776
_Isi~356*|  -.0454611   .0169848    -1.39   0.165   .050847  -.078751 -.012171
_Isi~357*|  -.0437527   .0209175    -0.88   0.380   .007704   -.08475 -.002755
_Isi~362*|  -.0457483   .0162515    -1.41   0.158   .040062  -.077601 -.013896
_Isi~363*|  -.0484825   .0117596    -1.35   0.178   .007704  -.071531 -.025434
_Isi~364*|   -.048041   .0132459    -1.47   0.141   .020031  -.074003 -.022079
_Isi~366*|  -.0131617   .0532399    -0.22   0.827   .015408   -.11751  .091187
_Isi~369*|  -.0481513   .0137011    -1.40   0.162   .023112  -.075005 -.021298
_Isi~371*|  -.0566562    .010874    -2.06   0.039   .052388  -.077969 -.035343
_Isi~372*|  -.0500479   .0116414    -1.22   0.222   .013867  -.072865 -.027231
_Isi~374*|  -.0313994   .0408184    -0.50   0.614   .004622  -.111402  .048603
_Isi~381*|  -.0429399   .0206244    -0.98   0.327   .020031  -.083363 -.002517
_Isi~384*|  -.0393532   .0230739    -0.92   0.357    .01849  -.084577  .005871
_Isi~399*|  -.0398545   .0265005    -0.76   0.445   .009245  -.091794  .012086
_Isi~671*|   .0630702   .1531672     0.54   0.588   .006163  -.237132  .363272
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0513093  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est2 stored)

. * PM span 
. eststo: xi:areg lspa  w_workstation  c_w_erp_oth du_w_erp_oth w_net lpcemp lpcempm yy* ldegree_t*  $collapse $firm $noise_a cc* if l
> evels_ceopm>0& sa4==1 , cluster(company_id) abs(sic)
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  82,    858) =   2.58e+09
                                                  Prob > F        =     0.0000
                                                  R-squared       =     0.2133
                                                  Adj R-squared   =     0.0058
                                                  Root MSE        =     0.5247

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2445351   .1185774     2.06   0.039     .0117993    .4772708
     c_w_erp_oth |   .0449135   .0576921     0.78   0.436    -.0683207    .1581477
    du_w_erp_oth |   4.949981   5.713699     0.87   0.387    -6.264482    16.16444
           w_net |  -.0190165   .0587093    -0.32   0.746    -.1342471    .0962141
          lpcemp |    .000509   .0304884     0.02   0.987    -.0593316    .0603496
         lpcempm |   .1757632   2.999218     0.06   0.953      -5.7109    6.062426
              yy |          0  (omitted)
       ldegree_t |   .0428688   .0231542     1.85   0.064    -.0025768    .0883143
   ldegree_tmiss |   .1906574   .0824628     2.31   0.021     .0288049    .3525099
        _Inobs_2 |   .4359686    .259068     1.68   0.093    -.0725126    .9444498
        _Inobs_3 |   .4125171   .2644095     1.56   0.119     -.106448    .9314823
        _Inobs_4 |   .5408758   .2613847     2.07   0.039     .0278474    1.053904
        _Inobs_5 |   .4450048   .2370141     1.88   0.061    -.0201905    .9102002
        _Inobs_6 |   .4761639   .2355462     2.02   0.044     .0138497    .9384781
        _Inobs_7 |   .4596968   .2694396     1.71   0.088    -.0691412    .9885348
            ln_N |   .0604892   .0265599     2.28   0.023     .0083593    .1126191
       ln_N_miss |   11.56894    5.45191     2.12   0.034     .8683011    22.26959
           share |   .0499717   .0334075     1.50   0.135    -.0155983    .1155417
       sharemiss |          0  (omitted)
           MNE_f |   .0289875   .0566439     0.51   0.609    -.0821894    .1401644
           MNE_d |   .0672441   .0573001     1.17   0.241    -.0452208    .1797089
          onsite |    .011874   .0467745     0.25   0.800    -.0799319    .1036799
         onsitem |   1.129501   4.655511     0.24   0.808    -8.008024    10.26703
             aa1 |   .0209072   .2512793     0.08   0.934    -.4722868    .5141012
             aa2 |    .874179   .2270281     3.85   0.000     .4285836    1.319774
             aa3 |  -.2604988   .2988323    -0.87   0.384    -.8470267    .3260291
             aa4 |   .5192719   .4875583     1.07   0.287    -.4376746    1.476218
             aa5 |   .1724759   .2056324     0.84   0.402    -.2311254    .5760773
             aa6 |  -.1078127   .1952424    -0.55   0.581    -.4910214     .275396
             aa7 |   -.422869   .3715039    -1.14   0.255    -1.152032    .3062938
             aa8 |  -.0935065   .1592913    -0.59   0.557    -.4061528    .2191397
             aa9 |   .2639623   .2249005     1.17   0.241    -.1774573     .705382
            aa10 |  -.3536865      .1759    -2.01   0.045    -.6989311   -.0084418
            aa11 |          0  (omitted)
            aa12 |   .3866211   .4199939     0.92   0.358    -.4377147    1.210957
            aa13 |   .2801028   .2648035     1.06   0.290    -.2396356    .7998412
            aa14 |  -.1140813     .18498    -0.62   0.538    -.4771475     .248985
            aa15 |  -.2918107   .2253585    -1.29   0.196    -.7341292    .1505078
            aa16 |  -.0832821   .1750586    -0.48   0.634    -.4268752    .2603111
            aa17 |  -.0121226    .289445    -0.04   0.967    -.5802257    .5559805
            aa18 |          0  (omitted)
            aa19 |  -.0443078   .1619996    -0.27   0.785    -.3622697    .2736541
            aa20 |   .0517188   .2422483     0.21   0.831    -.4237499    .5271875
            aa21 |  -.3881433   .3098082    -1.25   0.211    -.9962139    .2199274
            aa22 |   .4617361   .2124487     2.17   0.030      .044756    .8787161
            aa23 |   .0580367   .1892683     0.31   0.759    -.3134464    .4295198
            aa24 |  -.1437821   .3442388    -0.42   0.676    -.8194308    .5318666
            aa25 |   .1085167   .4028853     0.27   0.788    -.6822394    .8992728
            aa26 |   .0079158   .1543054     0.05   0.959    -.2949445    .3107761
            aa27 |   .0504075   .2159115     0.23   0.815     -.373369    .4741841
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.284198   .2190029     5.86   0.000     .8543535    1.714042
            aa31 |   .0499907   .1885403     0.27   0.791    -.3200636    .4200449
            aa32 |  -.3522494   .3032566    -1.16   0.246     -.947461    .2429622
            aa33 |          0  (omitted)
            aa34 |   -.349452   .2156421    -1.62   0.105    -.7726998    .0737958
            aa35 |  -.1079799   .1546984    -0.70   0.485    -.4116115    .1956517
            aa36 |   -.019847   .2881869    -0.07   0.945     -.585481    .5457869
            aa37 |          0  (omitted)
            aa38 |   .1161011     .21185     0.55   0.584    -.2997038    .5319059
            aa39 |  -.0010381   .1889378    -0.01   0.996    -.3718725    .3697963
            aa40 |   .0265022   .2172841     0.12   0.903    -.3999684    .4529728
            aa41 |  -.5648186   .3005711    -1.88   0.061    -1.154759    .0251221
            aa42 |          0  (omitted)
            aa43 |   .0755391   .1781628     0.42   0.672    -.2741469    .4252252
            aa44 |  -.3659179   .2025792    -1.81   0.071    -.7635268     .031691
            aa45 |  -.0417696   .2508897    -0.17   0.868     -.534199    .4506597
            aa46 |   -.111204   .2431376    -0.46   0.648    -.5884181    .3660101
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0131638   .0155704     0.85   0.398    -.0173967    .0437243
 reliabilitymiss |   2.263326   1.709447     1.32   0.186    -1.091861    5.618513
             dd1 |  -.0844315   .1552655    -0.54   0.587    -.3891761    .2203131
             dd2 |  -.0467689   .0830569    -0.56   0.574    -.2097873    .1162495
             dd3 |   .0350865   .0791836     0.44   0.658    -.1203297    .1905026
             dd4 |  -.0298353   .0751527    -0.40   0.691      -.17734    .1176695
             dd5 |  -.0379217    .075264    -0.50   0.614    -.1856448    .1098014
             dd6 |  -.0235555   .0822513    -0.29   0.775    -.1849928    .1378818
             dd7 |  -.1765456   .1162565    -1.52   0.129    -.4047259    .0516348
             dd8 |          0  (omitted)
    i_comptenure |  -.0015635   .0019378    -0.81   0.420    -.0053668    .0022398
i_comptenuremiss |  -.6465824   .2809372    -2.30   0.022    -1.197987   -.0951779
     i_seniority |  -.0327951   .0273586    -1.20   0.231    -.0864927    .0209024
 i_senioritymiss |  -3.411583   2.800416    -1.22   0.223     -8.90805    2.084885
        duration |  -.0052357   .0018991    -2.76   0.006    -.0089631   -.0015082
    durationmiss |  -1.025168    .321618    -3.19   0.001    -1.656418    -.393918
           cc_cn |          0  (omitted)
           cc_fr |  -.0089605   .1669927    -0.05   0.957    -.3367226    .3188016
           cc_ge |   .0001334   .1280585     0.00   0.999    -.2512113    .2514781
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3960612   .3956387    -1.00   0.317    -1.172594    .3804718
           cc_jp |          0  (omitted)
           cc_po |  -.0444607   .2765021    -0.16   0.872    -.5871605     .498239
           cc_pt |   .6293812   .2776422     2.27   0.024     .0844438    1.174319
           cc_sw |   .0205072   .1521834     0.13   0.893    -.2781882    .3192026
           cc_uk |  -.0927753   .0857742    -1.08   0.280    -.2611271    .0755766
           _cons |   1.298618   .4020434     3.23   0.001     .5095139    2.087722
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est3 stored)

. esttab using TableA5_marg.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(nostar fmt(3))) star(* 0.10 ** 0.05 *** 0.01)  keep(w_net 
> w_workstation  w_erp_oth c_*)  nogap margin
(note: file TableA5_marg.csv not found)
(output written to TableA5_marg.csv)

. 
. ********
. * Table A6 - CEO span of control
. ********
. u ictorg, clear

. cap estimates drop *

. eststo:xi: probit multi  w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic  if levels_ceopm>0 & sa2==1, cluste
> r(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: MNE_f != 0 predicts success perfectly
      MNE_f dropped and 389 obs not used

note: aa13 != 0 predicts success perfectly
      aa13 dropped and 1 obs not used

note: aa44 != 0 predicts success perfectly
      aa44 dropped and 1 obs not used

note: _Isic_221 != 0 predicts success perfectly
      _Isic_221 dropped and 3 obs not used

note: _Isic_229 != 0 predicts success perfectly
      _Isic_229 dropped and 3 obs not used

note: _Isic_245 != 0 predicts success perfectly
      _Isic_245 dropped and 8 obs not used

note: _Isic_279 != 0 predicts failure perfectly
      _Isic_279 dropped and 1 obs not used

note: _Isic_281 != 0 predicts success perfectly
      _Isic_281 dropped and 6 obs not used

note: _Isic_306 != 0 predicts success perfectly
      _Isic_306 dropped and 11 obs not used

note: _Isic_324 != 0 predicts success perfectly
      _Isic_324 dropped and 2 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa41 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: _Isic_203 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_214 omitted because of collinearity
note: _Isic_224 omitted because of collinearity
note: _Isic_226 omitted because of collinearity
note: _Isic_233 omitted because of collinearity
note: _Isic_235 omitted because of collinearity
note: _Isic_239 omitted because of collinearity
note: _Isic_242 omitted because of collinearity
note: _Isic_261 omitted because of collinearity
note: _Isic_272 omitted because of collinearity
note: _Isic_274 omitted because of collinearity
note: _Isic_301 omitted because of collinearity
note: _Isic_302 omitted because of collinearity
note: _Isic_305 omitted because of collinearity
note: _Isic_321 omitted because of collinearity
note: _Isic_322 omitted because of collinearity
note: _Isic_325 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_329 omitted because of collinearity
note: _Isic_334 omitted because of collinearity
note: _Isic_335 omitted because of collinearity
note: _Isic_347 omitted because of collinearity
note: _Isic_348 omitted because of collinearity
note: _Isic_351 omitted because of collinearity
note: _Isic_358 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_361 omitted because of collinearity
note: _Isic_365 omitted because of collinearity
note: _Isic_375 omitted because of collinearity
note: _Isic_394 omitted because of collinearity
note: _Isic_395 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -462.63037  
Iteration 1:   log pseudolikelihood = -281.02352  
Iteration 2:   log pseudolikelihood = -271.99257  
Iteration 3:   log pseudolikelihood = -271.54264  
Iteration 4:   log pseudolikelihood = -271.49377  
Iteration 5:   log pseudolikelihood = -271.48866  
Iteration 6:   log pseudolikelihood = -271.48773  
Iteration 7:   log pseudolikelihood = -271.48762  
Iteration 8:   log pseudolikelihood =  -271.4876  

Probit regression                                 Number of obs   =        689
                                                  Wald chi2(145)  =    1738.28
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood =  -271.4876                 Pseudo R2       =     0.4132

                               (Std. Err. adjusted for 658 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
           multi |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
           w_net |   .9099495   .2221505     4.10   0.000     .4745426    1.345356
          lpcemp |  -.0941247   .1039853    -0.91   0.365    -.2979321    .1096827
         lpcempm |  -9.090113   10.15839    -0.89   0.371    -29.00018    10.81996
              yy |          0  (omitted)
       ldegree_t |   .1213838   .0730295     1.66   0.096    -.0217514    .2645189
   ldegree_tmiss |   .2902284   .2800227     1.04   0.300    -.2586059    .8390627
        _Inobs_2 |  -5.792863   1.137956    -5.09   0.000    -8.023215   -3.562511
        _Inobs_3 |  -6.417867   1.097898    -5.85   0.000    -8.569706   -4.266027
        _Inobs_4 |   -6.80271   1.193289    -5.70   0.000    -9.141513   -4.463906
        _Inobs_5 |  -7.156984   1.203313    -5.95   0.000    -9.515434   -4.798534
        _Inobs_6 |  -6.913789   1.188433    -5.82   0.000    -9.243076   -4.584503
        _Inobs_7 |  -6.086924    1.29776    -4.69   0.000    -8.630486   -3.543361
            ln_N |   .1570279    .097111     1.62   0.106    -.0333061     .347362
       ln_N_miss |   13.66053   10.17944     1.34   0.180    -6.290806    33.61186
           share |  -.6431767   .1346263    -4.78   0.000    -.9070394    -.379314
       sharemiss |  -61.98053   13.24276    -4.68   0.000    -87.93586   -36.02521
           MNE_f |          0  (omitted)
           MNE_d |   .9110767   .1701163     5.36   0.000     .5776549    1.244499
          onsite |  -.1216465   .1557872    -0.78   0.435    -.4269838    .1836907
         onsitem |  -14.01413    15.5563    -0.90   0.368    -44.50393    16.47566
             aa1 |  -6.510634   .9057589    -7.19   0.000    -8.285889   -4.735379
             aa2 |          0  (omitted)
             aa3 |  -1.126238   .7440407    -1.51   0.130    -2.584531     .332055
             aa4 |   1.602394   .9433147     1.70   0.089    -.2464692    3.451257
             aa5 |  -1.628229   .7129135    -2.28   0.022    -3.025514   -.2309444
             aa6 |   .4037345   .7646061     0.53   0.597    -1.094866    1.902335
             aa7 |  -4.740631   1.562569    -3.03   0.002     -7.80321   -1.678051
             aa8 |  -.2355129    .621688    -0.38   0.705    -1.453999    .9829733
             aa9 |          0  (omitted)
            aa10 |  -.3015758   .7705053    -0.39   0.696    -1.811739    1.208587
            aa11 |          0  (omitted)
            aa12 |   2.279317   .9175484     2.48   0.013     .4809552    4.077679
            aa13 |          0  (omitted)
            aa14 |  -.1249084   .6570003    -0.19   0.849    -1.412605    1.162789
            aa15 |    1.15516   .7781583     1.48   0.138    -.3700026    2.680322
            aa16 |   .0440429   .5988055     0.07   0.941    -1.129594     1.21768
            aa17 |  -6.168842   1.064355    -5.80   0.000    -8.254939   -4.082745
            aa18 |          0  (omitted)
            aa19 |  -.3265464    .675003    -0.48   0.629    -1.649528    .9964351
            aa20 |  -.7462558   .6852422    -1.09   0.276    -2.089306    .5967942
            aa21 |  -.1579206   1.111504    -0.14   0.887    -2.336428    2.020586
            aa22 |  -.6239466   .8349062    -0.75   0.455    -2.260333    1.012439
            aa23 |   .4030112   .8247793     0.49   0.625    -1.213527    2.019549
            aa24 |  -1.340466   .8430343    -1.59   0.112    -2.992783    .3118507
            aa25 |   2.066468   .9026294     2.29   0.022      .297347    3.835589
            aa26 |   .3541809   .6733742     0.53   0.599    -.9656083     1.67397
            aa27 |   .9108062   .7503815     1.21   0.225    -.5599145    2.381527
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |   .3390478   .7450564     0.46   0.649    -1.121236    1.799332
            aa32 |   .6568175   .6619101     0.99   0.321    -.6405025    1.954138
            aa33 |    2.86303   1.394063     2.05   0.040     .1307161    5.595344
            aa34 |   .3257661   1.082847     0.30   0.764    -1.796575    2.448107
            aa35 |  -.1927193   .5848038    -0.33   0.742    -1.338914     .953475
            aa36 |  -6.182391   1.012015    -6.11   0.000    -8.165905   -4.198877
            aa37 |   1.926849   .8231876     2.34   0.019     .3134313    3.540267
            aa38 |   1.170647   .8633989     1.36   0.175    -.5215837    2.862878
            aa39 |  -.3468038   .6882651    -0.50   0.614    -1.695779    1.002171
            aa40 |   .4902739   1.024846     0.48   0.632    -1.518388    2.498936
            aa41 |          0  (omitted)
            aa42 |  -.4642797   .7867574    -0.59   0.555    -2.006296    1.077736
            aa43 |  -.4991448   .6750204    -0.74   0.460    -1.822161    .8238709
            aa44 |          0  (omitted)
            aa45 |   1.083347   .8810139     1.23   0.219    -.6434083    2.810103
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0298278   .0479307     0.62   0.534    -.0641146    .1237702
 reliabilitymiss |   2.487534   5.177382     0.48   0.631    -7.659948    12.63502
             dd1 |   .2414392   .4925196     0.49   0.624    -.7238815     1.20676
             dd2 |   .0469974   .3119959     0.15   0.880    -.5645033    .6584981
             dd3 |    .387693   .2744213     1.41   0.158    -.1501628    .9255489
             dd4 |   .3135835   .2959509     1.06   0.289    -.2664696    .8936367
             dd5 |   .6022454   .2760381     2.18   0.029     .0612207     1.14327
             dd6 |   .3692036    .318333     1.16   0.246    -.2547175    .9931248
             dd7 |   .2000694    .412058     0.49   0.627    -.6075494    1.007688
             dd8 |          0  (omitted)
    i_comptenure |  -.0165507   .0067508    -2.45   0.014     -.029782   -.0033193
i_comptenuremiss |  -3.967742   1.107471    -3.58   0.000    -6.138345   -1.797139
     i_seniority |   -.220752   .0860513    -2.57   0.010    -.3894093   -.0520946
 i_senioritymiss |  -21.71874   8.793577    -2.47   0.014    -38.95384    -4.48365
        duration |   .0019392   .0070218     0.28   0.782    -.0118232    .0157016
    durationmiss |  -.0158793   1.133423    -0.01   0.989    -2.237347    2.205589
           cc_cn |          0  (omitted)
           cc_fr |   -1.50621   .6114604    -2.46   0.014     -2.70465   -.3077696
           cc_ge |  -.0642216   .4880184    -0.13   0.895     -1.02072    .8922768
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -2.415997   .7785689    -3.10   0.002    -3.941964   -.8900303
           cc_jp |          0  (omitted)
           cc_po |   4.209885   1.020156     4.13   0.000     2.210416    6.209355
           cc_pt |   3.696468   1.365173     2.71   0.007     1.020778    6.372158
           cc_sw |  -1.360589    .697236    -1.95   0.051    -2.727147    .0059683
           cc_uk |  -.7066842   .3126999    -2.26   0.024    -1.319565   -.0938037
       _Isic_202 |    1.09641   .6754866     1.62   0.105    -.2275195    2.420339
       _Isic_203 |          0  (omitted)
       _Isic_204 |   .8504173   .9678706     0.88   0.380    -1.046574    2.747409
       _Isic_205 |   .4280002   .6094739     0.70   0.483    -.7665467    1.622547
       _Isic_206 |   1.731643    .727235     2.38   0.017     .3062883    3.156997
       _Isic_207 |     .50344   .8114671     0.62   0.535    -1.087006    2.093886
       _Isic_208 |   1.011126   .5406915     1.87   0.061    -.0486096    2.070862
       _Isic_209 |   .0378506   .5949896     0.06   0.949    -1.128308    1.204009
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |          0  (omitted)
       _Isic_224 |          0  (omitted)
       _Isic_225 |  -.2695066   .8264458    -0.33   0.744    -1.889311    1.350297
       _Isic_226 |          0  (omitted)
       _Isic_227 |  -.0691246   .8028734    -0.09   0.931    -1.642728    1.504478
       _Isic_228 |   .5915696   .7082396     0.84   0.404    -.7965545    1.979694
       _Isic_229 |          0  (omitted)
       _Isic_232 |  -.5452825    .717219    -0.76   0.447    -1.951006    .8604409
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |  -.7320546   .6845581    -1.07   0.285    -2.073764    .6096547
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |  -.4481299   .6958892    -0.64   0.520    -1.812048    .9157878
       _Isic_245 |          0  (omitted)
       _Isic_249 |  -.1758831   .6591458    -0.27   0.790    -1.467785    1.116019
       _Isic_251 |   .8813151   .5807077     1.52   0.129    -.2568512    2.019481
       _Isic_252 |  -.8737421   .7955037    -1.10   0.272    -2.432901    .6854164
       _Isic_254 |   .6368173   .8538059     0.75   0.456    -1.036612    2.310246
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .7912517   .5900931     1.34   0.180    -.3653095    1.947813
       _Isic_265 |   1.135392    .574689     1.98   0.048      .009022    2.261762
       _Isic_267 |   .4511611   .5260401     0.86   0.391    -.5798586    1.482181
       _Isic_271 |   -.778475   .8579344    -0.91   0.364    -2.459996    .9030456
       _Isic_272 |          0  (omitted)
       _Isic_273 |   .3750843    .640102     0.59   0.558    -.8794926    1.629661
       _Isic_274 |          0  (omitted)
       _Isic_275 |   1.050492    .564753     1.86   0.063    -.0564036    2.157387
       _Isic_278 |   .2213099   .7899022     0.28   0.779     -1.32687     1.76949
       _Isic_279 |          0  (omitted)
       _Isic_281 |          0  (omitted)
       _Isic_282 |   .0240673   .6018982     0.04   0.968    -1.155631    1.203766
       _Isic_283 |   .0039066   .5805234     0.01   0.995    -1.133898    1.141712
       _Isic_284 |  -.4397226   .5902043    -0.75   0.456    -1.596502    .7170566
       _Isic_285 |   .8167286   .9367603     0.87   0.383    -1.019288    2.652745
       _Isic_286 |  -.5611019   .7082362    -0.79   0.428    -1.949219    .8270156
       _Isic_287 |   1.502264   .7540804     1.99   0.046     .0242934    2.980234
       _Isic_289 |   .6672764   .6895212     0.97   0.333    -.6841602    2.018713
       _Isic_299 |  -.0003127   .8807033    -0.00   1.000    -1.726459    1.725834
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |          0  (omitted)
       _Isic_308 |   .2517483   .4739722     0.53   0.595    -.6772201    1.180717
       _Isic_311 |   1.280804   .8334028     1.54   0.124    -.3526359    2.914243
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |   .4348608   .7086984     0.61   0.539    -.9541625    1.823884
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |   .2512947    .733705     0.34   0.732    -1.186741     1.68933
       _Isic_327 |   .9327395   .6492098     1.44   0.151    -.3396884    2.205167
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |   .2662169   .5684177     0.47   0.640    -.8478613    1.380295
       _Isic_332 |   .9142433   .6336546     1.44   0.149    -.3276969    2.156183
       _Isic_333 |   .5817543   .7637133     0.76   0.446    -.9150962    2.078605
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |   1.219582   1.100523     1.11   0.268    -.9374036    3.376568
       _Isic_339 |          0  (omitted)
       _Isic_341 |  -.6295984   .9319201    -0.68   0.499    -2.456128    1.196931
       _Isic_342 |  -.5537131    .658472    -0.84   0.400    -1.844295    .7368684
       _Isic_343 |  -.7019738   .6255636    -1.12   0.262    -1.928056    .5241084
       _Isic_344 |   1.122826   .5319425     2.11   0.035     .0802382    2.165414
       _Isic_345 |   .4981074   .6776423     0.74   0.462     -.830047    1.826262
       _Isic_346 |   .2186402   .6042392     0.36   0.717    -.9656469    1.402927
       _Isic_347 |          0  (omitted)
       _Isic_348 |          0  (omitted)
       _Isic_349 |   1.009198    .483296     2.09   0.037     .0619547     1.95644
       _Isic_351 |          0  (omitted)
       _Isic_352 |   1.060011    .930898     1.14   0.255    -.7645151    2.884538
       _Isic_353 |   .0513818   .5580018     0.09   0.927    -1.042282    1.145045
       _Isic_354 |   .9032529   .5638277     1.60   0.109    -.2018291    2.008335
       _Isic_355 |   1.544353    .539134     2.86   0.004     .4876701    2.601037
       _Isic_356 |   .6743809    .513698     1.31   0.189    -.3324487     1.68121
       _Isic_357 |   .8451167   .6623693     1.28   0.202    -.4531034    2.143337
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.2819619   .5904646    -0.48   0.633    -1.439251    .8753276
       _Isic_363 |   .6631469   .7682739     0.86   0.388    -.8426423    2.168936
       _Isic_364 |   .7847402   .6840081     1.15   0.251    -.5558911    2.125372
       _Isic_365 |          0  (omitted)
       _Isic_366 |  -.0307174   .9952773    -0.03   0.975    -1.981425     1.91999
       _Isic_367 |   1.266951   .6230176     2.03   0.042     .0458586    2.488043
       _Isic_369 |  -1.280069    .860125    -1.49   0.137    -2.965884    .4057445
       _Isic_371 |   .0104323   .6434065     0.02   0.987    -1.250621    1.271486
       _Isic_372 |   .6793545   .5872814     1.16   0.247     -.471696    1.830405
       _Isic_373 |   .8882954   .6166504     1.44   0.150    -.3203172    2.096908
       _Isic_374 |   .4505562   .7238367     0.62   0.534    -.9681376     1.86925
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.1999974   .7488845    -0.27   0.789    -1.667784    1.267789
       _Isic_382 |  -.6356642   .7411945    -0.86   0.391    -2.088379    .8170504
       _Isic_384 |   1.480287   .8921875     1.66   0.097    -.2683682    3.228943
       _Isic_391 |   .6860345    .832211     0.82   0.410    -.9450691    2.317138
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |   1.075293   1.021606     1.05   0.293    -.9270188    3.077604
       _Isic_514 |          0  (omitted)
       _Isic_671 |  -.9163329   1.147166    -0.80   0.424    -3.164738    1.332072
           _cons |   5.150886   1.544204     3.34   0.001     2.124302     8.17747
----------------------------------------------------------------------------------
Note: 1 failure and 5 successes completely determined.
(est1 stored)

. eststo:xi: probit multi w_erp_oth  lpcemp lpcempm ldegree_t* yy* $collapse $firm $noise_a  cc* i.sic  if levels_ceopm>0& sa2==1, clu
> ster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: MNE_f != 0 predicts success perfectly
      MNE_f dropped and 389 obs not used

note: aa13 != 0 predicts success perfectly
      aa13 dropped and 1 obs not used

note: aa44 != 0 predicts success perfectly
      aa44 dropped and 1 obs not used

note: _Isic_221 != 0 predicts success perfectly
      _Isic_221 dropped and 3 obs not used

note: _Isic_229 != 0 predicts success perfectly
      _Isic_229 dropped and 3 obs not used

note: _Isic_245 != 0 predicts success perfectly
      _Isic_245 dropped and 8 obs not used

note: _Isic_279 != 0 predicts failure perfectly
      _Isic_279 dropped and 1 obs not used

note: _Isic_281 != 0 predicts success perfectly
      _Isic_281 dropped and 6 obs not used

note: _Isic_306 != 0 predicts success perfectly
      _Isic_306 dropped and 11 obs not used

note: _Isic_324 != 0 predicts success perfectly
      _Isic_324 dropped and 2 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa41 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: _Isic_203 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_214 omitted because of collinearity
note: _Isic_224 omitted because of collinearity
note: _Isic_226 omitted because of collinearity
note: _Isic_233 omitted because of collinearity
note: _Isic_235 omitted because of collinearity
note: _Isic_239 omitted because of collinearity
note: _Isic_242 omitted because of collinearity
note: _Isic_261 omitted because of collinearity
note: _Isic_272 omitted because of collinearity
note: _Isic_274 omitted because of collinearity
note: _Isic_301 omitted because of collinearity
note: _Isic_302 omitted because of collinearity
note: _Isic_305 omitted because of collinearity
note: _Isic_321 omitted because of collinearity
note: _Isic_322 omitted because of collinearity
note: _Isic_325 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_329 omitted because of collinearity
note: _Isic_334 omitted because of collinearity
note: _Isic_335 omitted because of collinearity
note: _Isic_347 omitted because of collinearity
note: _Isic_348 omitted because of collinearity
note: _Isic_351 omitted because of collinearity
note: _Isic_358 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_361 omitted because of collinearity
note: _Isic_365 omitted because of collinearity
note: _Isic_375 omitted because of collinearity
note: _Isic_394 omitted because of collinearity
note: _Isic_395 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -462.63037  
Iteration 1:   log pseudolikelihood = -287.30535  
Iteration 2:   log pseudolikelihood = -278.29563  
Iteration 3:   log pseudolikelihood = -277.76536  
Iteration 4:   log pseudolikelihood = -277.71333  
Iteration 5:   log pseudolikelihood = -277.70747  
Iteration 6:   log pseudolikelihood = -277.70652  
Iteration 7:   log pseudolikelihood = -277.70639  
Iteration 8:   log pseudolikelihood = -277.70637  

Probit regression                                 Number of obs   =        689
                                                  Wald chi2(145)  =    1735.03
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -277.70637                 Pseudo R2       =     0.3997

                               (Std. Err. adjusted for 658 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
           multi |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .4915758   .1857866     2.65   0.008     .1274408    .8557107
          lpcemp |  -.0772665   .1044387    -0.74   0.459    -.2819625    .1274296
         lpcempm |  -7.519379   10.17883    -0.74   0.460    -27.46952    12.43076
       ldegree_t |   .1167516   .0716628     1.63   0.103    -.0237049    .2572081
   ldegree_tmiss |   .3209114   .2698932     1.19   0.234    -.2080695    .8498922
              yy |          0  (omitted)
        _Inobs_2 |  -6.062176   1.139851    -5.32   0.000    -8.296242   -3.828109
        _Inobs_3 |  -6.717006    1.10021    -6.11   0.000    -8.873378   -4.560634
        _Inobs_4 |  -7.117129   1.198541    -5.94   0.000    -9.466226   -4.768031
        _Inobs_5 |  -7.364237   1.205664    -6.11   0.000    -9.727296   -5.001179
        _Inobs_6 |  -7.144395   1.189123    -6.01   0.000    -9.475032   -4.813757
        _Inobs_7 |  -6.303054   1.338781    -4.71   0.000    -8.927017   -3.679092
            ln_N |   .2071877   .0938811     2.21   0.027     .0231841    .3911913
       ln_N_miss |   18.87376   9.851924     1.92   0.055    -.4356585    38.18317
           share |  -.6526331   .1339873    -4.87   0.000    -.9152434   -.3900227
       sharemiss |  -62.86135   13.18765    -4.77   0.000    -88.70866   -37.01403
           MNE_f |          0  (omitted)
           MNE_d |   .9637335   .1711801     5.63   0.000     .6282267     1.29924
          onsite |  -.1141615   .1565697    -0.73   0.466    -.4210324    .1927095
         onsitem |  -13.35604   15.61946    -0.86   0.393    -43.96962    17.25754
             aa1 |  -6.979275   .8675272    -8.05   0.000    -8.679597   -5.278953
             aa2 |          0  (omitted)
             aa3 |   -1.27841   .7356624    -1.74   0.082    -2.720282    .1634615
             aa4 |   1.504141   .9304931     1.62   0.106    -.3195922    3.327874
             aa5 |  -1.143876   .6788242    -1.69   0.092    -2.474347    .1865945
             aa6 |   .8432426   .7300985     1.15   0.248    -.5877242    2.274209
             aa7 |  -3.880479    1.52943    -2.54   0.011    -6.878107   -.8828522
             aa8 |  -.0766487   .6218141    -0.12   0.902    -1.295382    1.142084
             aa9 |          0  (omitted)
            aa10 |  -.1930461   .7197789    -0.27   0.789    -1.603787    1.217695
            aa11 |          0  (omitted)
            aa12 |   2.081365   .9077423     2.29   0.022     .3022228    3.860507
            aa13 |          0  (omitted)
            aa14 |  -.0400427   .6590429    -0.06   0.952    -1.331743    1.251658
            aa15 |   1.050987   .7760104     1.35   0.176    -.4699652     2.57194
            aa16 |   .1141197   .5979475     0.19   0.849    -1.057836    1.286075
            aa17 |  -6.550383   1.029551    -6.36   0.000    -8.568265     -4.5325
            aa18 |          0  (omitted)
            aa19 |  -.1746119   .6653573    -0.26   0.793    -1.478688    1.129464
            aa20 |    -.71814   .6733224    -1.07   0.286    -2.037828    .6015477
            aa21 |    .446274   1.110555     0.40   0.688    -1.730373    2.622921
            aa22 |  -.4398698   .8430997    -0.52   0.602    -2.092315    1.212575
            aa23 |   .6582826   .8067713     0.82   0.415    -.9229601    2.239525
            aa24 |  -.9823322   .8416552    -1.17   0.243    -2.631946    .6672817
            aa25 |    1.97088     .89674     2.20   0.028     .2133016    3.728458
            aa26 |    .450474   .6738293     0.67   0.504    -.8702071    1.771155
            aa27 |    .889013   .7723214     1.15   0.250    -.6247091    2.402735
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |   .2650827   .7331288     0.36   0.718    -1.171823    1.701989
            aa32 |   .7133804   .6666098     1.07   0.285    -.5931508    2.019912
            aa33 |   2.479798   1.359474     1.82   0.068     -.184723    5.144319
            aa34 |   .5844868   1.141755     0.51   0.609    -1.653313    2.822286
            aa35 |    -.25009   .5900312    -0.42   0.672     -1.40653    .9063499
            aa36 |  -6.550517     .98472    -6.65   0.000    -8.480533   -4.620502
            aa37 |   1.841042   .8356905     2.20   0.028     .2031183    3.478965
            aa38 |   1.285828   .9344953     1.38   0.169    -.5457496    3.117405
            aa39 |  -.2745889   .7025119    -0.39   0.696    -1.651487    1.102309
            aa40 |   .4264637   1.058935     0.40   0.687    -1.649012    2.501939
            aa41 |          0  (omitted)
            aa42 |  -.3093298    .811456    -0.38   0.703    -1.899754    1.281095
            aa43 |  -.2498162   .6742759    -0.37   0.711    -1.571373     1.07174
            aa44 |          0  (omitted)
            aa45 |   1.332378   .8970575     1.49   0.137    -.4258225    3.090578
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0133087   .0471989     0.28   0.778    -.0791995    .1058169
 reliabilitymiss |   1.170125   5.080068     0.23   0.818    -8.786625    11.12687
             dd1 |   .2209513   .4819962     0.46   0.647    -.7237439    1.165646
             dd2 |   .0006649   .3143529     0.00   0.998    -.6154555    .6167853
             dd3 |     .34356   .2795352     1.23   0.219    -.2043189     .891439
             dd4 |   .2324719   .3037551     0.77   0.444    -.3628772     .827821
             dd5 |   .5797717   .2812317     2.06   0.039     .0285677    1.130976
             dd6 |   .3094539   .3236242     0.96   0.339    -.3248377    .9437456
             dd7 |   .2227422   .4209016     0.53   0.597    -.6022097    1.047694
             dd8 |          0  (omitted)
    i_comptenure |  -.0166646   .0066505    -2.51   0.012    -.0296994   -.0036297
i_comptenuremiss |  -3.301801   1.109314    -2.98   0.003    -5.476016   -1.127587
     i_seniority |  -.2212287   .0866265    -2.55   0.011    -.3910135   -.0514439
 i_senioritymiss |  -21.95877   8.839474    -2.48   0.013    -39.28382   -4.633717
        duration |   .0008795   .0067302     0.13   0.896    -.0123114    .0140704
    durationmiss |  -.4527693   1.093308    -0.41   0.679    -2.595613    1.690075
           cc_cn |          0  (omitted)
           cc_fr |  -1.430092   .5997526    -2.38   0.017    -2.605585   -.2545983
           cc_ge |  -.1877529   .4889546    -0.38   0.701    -1.146086    .7705805
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -2.171893   .7563226    -2.87   0.004    -3.654258   -.6895277
           cc_jp |          0  (omitted)
           cc_po |   4.553385   .9389199     4.85   0.000     2.713135    6.393634
           cc_pt |   3.038308   1.357294     2.24   0.025     .3780608    5.698554
           cc_sw |  -1.492347   .6696059    -2.23   0.026    -2.804751   -.1799437
           cc_uk |  -.5457852   .2931753    -1.86   0.063    -1.120398    .0288279
       _Isic_202 |   1.177251   .6571842     1.79   0.073    -.1108063    2.465308
       _Isic_203 |          0  (omitted)
       _Isic_204 |   1.287848   1.020389     1.26   0.207    -.7120771    3.287773
       _Isic_205 |    .522924   .6251958     0.84   0.403    -.7024372    1.748285
       _Isic_206 |     1.7227   .7085402     2.43   0.015     .3339869    3.111413
       _Isic_207 |   .1867542   .8692929     0.21   0.830    -1.517029    1.890537
       _Isic_208 |   .9602525   .5401151     1.78   0.075    -.0983537    2.018859
       _Isic_209 |  -.0942696   .6147848    -0.15   0.878    -1.299226    1.110686
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |          0  (omitted)
       _Isic_224 |          0  (omitted)
       _Isic_225 |  -.4332249   .8693925    -0.50   0.618    -2.137203    1.270753
       _Isic_226 |          0  (omitted)
       _Isic_227 |   .0431418   .8618138     0.05   0.960    -1.645982    1.732266
       _Isic_228 |   .6089016   .6746343     0.90   0.367    -.7133574    1.931161
       _Isic_229 |          0  (omitted)
       _Isic_232 |  -.6984064   .6892059    -1.01   0.311    -2.049225    .6524124
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |  -.6707776   .6673974    -1.01   0.315    -1.978852    .6372974
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |  -.1900302   .6507926    -0.29   0.770     -1.46556      1.0855
       _Isic_245 |          0  (omitted)
       _Isic_249 |   .1181903   .6850676     0.17   0.863    -1.224517    1.460898
       _Isic_251 |   .8404857    .616692     1.36   0.173    -.3682084     2.04918
       _Isic_252 |  -.8098854   .8182202    -0.99   0.322    -2.413567    .7937967
       _Isic_254 |   .8557555     .97517     0.88   0.380    -1.055543    2.767054
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .9596584   .5626389     1.71   0.088    -.1430936     2.06241
       _Isic_265 |   1.065551   .5822174     1.83   0.067    -.0755742    2.206676
       _Isic_267 |   .3644215   .5370672     0.68   0.497    -.6882108    1.417054
       _Isic_271 |  -.3536962   .8290313    -0.43   0.670    -1.978568    1.271175
       _Isic_272 |          0  (omitted)
       _Isic_273 |   .5568029   .6774847     0.82   0.411    -.7710426    1.884648
       _Isic_274 |          0  (omitted)
       _Isic_275 |   1.029673   .5350791     1.92   0.054    -.0190632    2.078408
       _Isic_278 |   .6324442   .8131707     0.78   0.437    -.9613411    2.226229
       _Isic_279 |          0  (omitted)
       _Isic_281 |          0  (omitted)
       _Isic_282 |   .3329475   .6263784     0.53   0.595    -.8947315    1.560627
       _Isic_283 |  -.1602229   .5918025    -0.27   0.787    -1.320134    .9996886
       _Isic_284 |  -.3871358   .5534197    -0.70   0.484    -1.471818    .6975468
       _Isic_285 |   1.167034   .9192122     1.27   0.204    -.6345886    2.968657
       _Isic_286 |  -.5840086   .6251219    -0.93   0.350    -1.809225    .6412078
       _Isic_287 |    1.37538    .726761     1.89   0.058    -.0490456    2.799805
       _Isic_289 |   .5310202   .6941848     0.76   0.444     -.829557    1.891597
       _Isic_299 |  -.1275745   .7853546    -0.16   0.871    -1.666841    1.411692
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |          0  (omitted)
       _Isic_308 |   .3005768   .4787825     0.63   0.530    -.6378197    1.238973
       _Isic_311 |   1.142219   .8486735     1.35   0.178    -.5211508    2.805588
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |   .3966561   .7038054     0.56   0.573    -.9827771    1.776089
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |   .1606031   .7623733     0.21   0.833    -1.333621    1.654827
       _Isic_327 |   .9933345    .620791     1.60   0.110    -.2233934    2.210062
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |   .2711591   .5705347     0.48   0.635    -.8470684    1.389387
       _Isic_332 |   .6889607   .6220475     1.11   0.268    -.5302301    1.908151
       _Isic_333 |   .2654454   .7487451     0.35   0.723    -1.202068    1.732959
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |   .8816757   1.009366     0.87   0.382    -1.096646    2.859997
       _Isic_339 |          0  (omitted)
       _Isic_341 |  -1.019212   1.005959    -1.01   0.311    -2.990855    .9524323
       _Isic_342 |  -.5864606   .6700939    -0.88   0.381     -1.89982    .7268993
       _Isic_343 |  -.6060086   .6567565    -0.92   0.356    -1.893228    .6812105
       _Isic_344 |   1.111573   .5345914     2.08   0.038     .0637929    2.159353
       _Isic_345 |   .3394081   .6731623     0.50   0.614    -.9799657    1.658782
       _Isic_346 |   .1247325    .619134     0.20   0.840    -1.088748    1.338213
       _Isic_347 |          0  (omitted)
       _Isic_348 |          0  (omitted)
       _Isic_349 |   .9713663   .4760599     2.04   0.041      .038306    1.904427
       _Isic_351 |          0  (omitted)
       _Isic_352 |   .8106083    .795619     1.02   0.308    -.7487762    2.369993
       _Isic_353 |  -.0685808   .5848468    -0.12   0.907    -1.214859    1.077698
       _Isic_354 |   .7264216   .5575909     1.30   0.193    -.3664364     1.81928
       _Isic_355 |   1.329736   .5362657     2.48   0.013     .2786745    2.380798
       _Isic_356 |   .6704974   .5194811     1.29   0.197    -.3476669    1.688662
       _Isic_357 |   .5665657    .641646     0.88   0.377    -.6910374    1.824169
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.3947281   .5856939    -0.67   0.500    -1.542667    .7532108
       _Isic_363 |   .4234894   .7568785     0.56   0.576    -1.059965    1.906944
       _Isic_364 |   .7428082   .7081486     1.05   0.294    -.6451376    2.130754
       _Isic_365 |          0  (omitted)
       _Isic_366 |  -.2686908   1.014966    -0.26   0.791    -2.257987    1.720606
       _Isic_367 |   1.125243   .6703269     1.68   0.093    -.1885734     2.43906
       _Isic_369 |  -1.161345    .861528    -1.35   0.178    -2.849909    .5272189
       _Isic_371 |  -.0695148   .6490773    -0.11   0.915    -1.341683    1.202653
       _Isic_372 |   .4694769    .568736     0.83   0.409    -.6452252    1.584179
       _Isic_373 |   .7515997   .6192097     1.21   0.225     -.462029    1.965229
       _Isic_374 |   .2963767   .7773006     0.38   0.703    -1.227104    1.819858
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.2206332   .7347884    -0.30   0.764    -1.660792    1.219526
       _Isic_382 |  -.4232259   .6885028    -0.61   0.539    -1.772667    .9262148
       _Isic_384 |   1.493141   .8865201     1.68   0.092    -.2444066    3.230688
       _Isic_391 |   .6570796   .8691653     0.76   0.450    -1.046453    2.360612
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |   .6555205   1.013251     0.65   0.518    -1.330415    2.641456
       _Isic_514 |          0  (omitted)
       _Isic_671 |  -1.259683   1.137588    -1.11   0.268    -3.489314    .9699475
           _cons |   5.385384   1.556243     3.46   0.001     2.335203    8.435564
----------------------------------------------------------------------------------
Note: 1 failure and 5 successes completely determined.
(est2 stored)

. eststo:xi: probit multi w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a  cc* i.sic  if levels_ceopm>0 & sa
> 2==1, cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: MNE_f != 0 predicts success perfectly
      MNE_f dropped and 389 obs not used

note: aa13 != 0 predicts success perfectly
      aa13 dropped and 1 obs not used

note: aa44 != 0 predicts success perfectly
      aa44 dropped and 1 obs not used

note: _Isic_221 != 0 predicts success perfectly
      _Isic_221 dropped and 3 obs not used

note: _Isic_229 != 0 predicts success perfectly
      _Isic_229 dropped and 3 obs not used

note: _Isic_245 != 0 predicts success perfectly
      _Isic_245 dropped and 8 obs not used

note: _Isic_279 != 0 predicts failure perfectly
      _Isic_279 dropped and 1 obs not used

note: _Isic_281 != 0 predicts success perfectly
      _Isic_281 dropped and 6 obs not used

note: _Isic_306 != 0 predicts success perfectly
      _Isic_306 dropped and 11 obs not used

note: _Isic_324 != 0 predicts success perfectly
      _Isic_324 dropped and 2 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 1 obs not used

note: yy omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa41 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: _Isic_203 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_214 omitted because of collinearity
note: _Isic_224 omitted because of collinearity
note: _Isic_226 omitted because of collinearity
note: _Isic_233 omitted because of collinearity
note: _Isic_235 omitted because of collinearity
note: _Isic_239 omitted because of collinearity
note: _Isic_242 omitted because of collinearity
note: _Isic_261 omitted because of collinearity
note: _Isic_272 omitted because of collinearity
note: _Isic_274 omitted because of collinearity
note: _Isic_301 omitted because of collinearity
note: _Isic_302 omitted because of collinearity
note: _Isic_305 omitted because of collinearity
note: _Isic_321 omitted because of collinearity
note: _Isic_322 omitted because of collinearity
note: _Isic_325 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_329 omitted because of collinearity
note: _Isic_334 omitted because of collinearity
note: _Isic_335 omitted because of collinearity
note: _Isic_347 omitted because of collinearity
note: _Isic_348 omitted because of collinearity
note: _Isic_351 omitted because of collinearity
note: _Isic_358 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_361 omitted because of collinearity
note: _Isic_365 omitted because of collinearity
note: _Isic_375 omitted because of collinearity
note: _Isic_394 omitted because of collinearity
note: _Isic_395 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -462.63037  
Iteration 1:   log pseudolikelihood = -279.34667  
Iteration 2:   log pseudolikelihood =  -269.9995  
Iteration 3:   log pseudolikelihood = -269.53763  
Iteration 4:   log pseudolikelihood = -269.48778  
Iteration 5:   log pseudolikelihood = -269.48276  
Iteration 6:   log pseudolikelihood = -269.48183  
Iteration 7:   log pseudolikelihood = -269.48172  
Iteration 8:   log pseudolikelihood =  -269.4817  

Probit regression                                 Number of obs   =        689
                                                  Wald chi2(146)  =    1883.18
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood =  -269.4817                 Pseudo R2       =     0.4175

                               (Std. Err. adjusted for 658 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
           multi |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .4080151   .1909043     2.14   0.033     .0338495    .7821807
           w_net |   .8698647   .2251445     3.86   0.000     .4285896     1.31114
          lpcemp |  -.1281745   .1059132    -1.21   0.226    -.3357606    .0794116
         lpcempm |  -12.39253   10.33383    -1.20   0.230    -32.64647    7.861406
              yy |          0  (omitted)
       ldegree_t |   .1280174   .0729586     1.75   0.079    -.0149789    .2710138
   ldegree_tmiss |   .3486383   .2776309     1.26   0.209    -.1955084    .8927849
        _Inobs_2 |  -5.965022   1.142392    -5.22   0.000    -8.204069   -3.725976
        _Inobs_3 |  -6.688107   1.101718    -6.07   0.000    -8.847435   -4.528779
        _Inobs_4 |  -7.082964   1.193802    -5.93   0.000    -9.422774   -4.743154
        _Inobs_5 |  -7.447432   1.205896    -6.18   0.000    -9.810946   -5.083919
        _Inobs_6 |  -7.209075   1.190197    -6.06   0.000    -9.541819   -4.876332
        _Inobs_7 |  -6.348891   1.318437    -4.82   0.000     -8.93298   -3.764802
            ln_N |    .165582   .0971437     1.70   0.088    -.0248161    .3559801
       ln_N_miss |   14.49305   10.19151     1.42   0.155     -5.48194    34.46803
           share |  -.6585054   .1340548    -4.91   0.000     -.921248   -.3957628
       sharemiss |  -63.47123   13.18899    -4.81   0.000    -89.32117   -37.62129
           MNE_f |          0  (omitted)
           MNE_d |   .9016154   .1710243     5.27   0.000      .566414    1.236817
          onsite |  -.1193844   .1574024    -0.76   0.448    -.4278875    .1891187
         onsitem |  -13.83409   15.71262    -0.88   0.379    -44.63027    16.96208
             aa1 |   -6.68625   .8964173    -7.46   0.000    -8.443195   -4.929304
             aa2 |          0  (omitted)
             aa3 |  -1.187175   .7366484    -1.61   0.107    -2.630979    .2566294
             aa4 |   1.703022   .9376033     1.82   0.069    -.1346471     3.54069
             aa5 |    -1.5154   .6984036    -2.17   0.030    -2.884246   -.1465543
             aa6 |   .5921928   .7432372     0.80   0.426    -.8645255    2.048911
             aa7 |  -4.945461   1.543007    -3.21   0.001    -7.969699   -1.921223
             aa8 |   -.165777   .6111343    -0.27   0.786    -1.363578    1.032024
             aa9 |          0  (omitted)
            aa10 |  -.2716907     .74691    -0.36   0.716    -1.735607    1.192226
            aa11 |          0  (omitted)
            aa12 |   2.328738   .9086773     2.56   0.010     .5477633    4.109713
            aa13 |          0  (omitted)
            aa14 |  -.1031174   .6461892    -0.16   0.873    -1.369625     1.16339
            aa15 |   1.132094   .7697516     1.47   0.141    -.3765915    2.640779
            aa16 |   .0455268   .5870128     0.08   0.938    -1.104997    1.196051
            aa17 |  -6.246324   1.053945    -5.93   0.000    -8.312018    -4.18063
            aa18 |          0  (omitted)
            aa19 |  -.3110911   .6639711    -0.47   0.639     -1.61245    .9902683
            aa20 |  -.7245489   .6615276    -1.10   0.273    -2.021119    .5720213
            aa21 |  -.0461508   1.140225    -0.04   0.968     -2.28095    2.188649
            aa22 |   -.568083   .8313595    -0.68   0.494    -2.197518    1.061352
            aa23 |   .4973269   .8056178     0.62   0.537    -1.081655    2.076309
            aa24 |  -1.332426   .8492283    -1.57   0.117    -2.996883    .3320307
            aa25 |   2.060649   .8951932     2.30   0.021     .3061022    3.815195
            aa26 |   .3684926   .6622631     0.56   0.578    -.9295193    1.666504
            aa27 |   .8123755   .7506662     1.08   0.279    -.6589032    2.283654
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |   .3549073    .732376     0.48   0.628    -1.080523    1.790338
            aa32 |   .6239375   .6447959     0.97   0.333    -.6398393    1.887714
            aa33 |   2.976161   1.390797     2.14   0.032     .2502494    5.702072
            aa34 |    .252453   1.058884     0.24   0.812    -1.822921    2.327827
            aa35 |  -.2108695   .5715696    -0.37   0.712    -1.331125    .9093864
            aa36 |   -6.36568   1.002228    -6.35   0.000    -8.330011   -4.401348
            aa37 |   1.894688   .8229173     2.30   0.021     .2817996    3.507576
            aa38 |   1.229771   .8675613     1.42   0.156    -.4706179     2.93016
            aa39 |  -.3412512   .6833449    -0.50   0.618    -1.680583    .9980801
            aa40 |   .5721843   .9785612     0.58   0.559     -1.34576    2.490129
            aa41 |          0  (omitted)
            aa42 |  -.5585539   .7928466    -0.70   0.481    -2.112505    .9953968
            aa43 |  -.4777813   .6640628    -0.72   0.472     -1.77932    .8237579
            aa44 |          0  (omitted)
            aa45 |   1.205352   .8695392     1.39   0.166    -.4989137    2.909618
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0285069   .0479205     0.59   0.552    -.0654156    .1224294
 reliabilitymiss |   2.428699   5.175108     0.47   0.639    -7.714326    12.57172
             dd1 |   .2911111    .489778     0.59   0.552    -.6688362    1.251058
             dd2 |   .0440972   .3143936     0.14   0.888     -.572103    .6602973
             dd3 |   .3657558   .2737532     1.34   0.182    -.1707906    .9023021
             dd4 |   .2857224   .2984535     0.96   0.338    -.2992358    .8706806
             dd5 |   .5546604   .2772166     2.00   0.045     .0113258    1.097995
             dd6 |   .3053883   .3198263     0.95   0.340    -.3214597    .9322363
             dd7 |   .1774372   .4186592     0.42   0.672    -.6431197    .9979941
             dd8 |          0  (omitted)
    i_comptenure |  -.0169069   .0067281    -2.51   0.012    -.0300937   -.0037201
i_comptenuremiss |  -3.910124   1.137491    -3.44   0.001    -6.139566   -1.680682
     i_seniority |  -.2282358   .0880008    -2.59   0.009    -.4007142   -.0557573
 i_senioritymiss |  -22.44297   8.985376    -2.50   0.012    -40.05398   -4.831957
        duration |   .0019378     .00705     0.27   0.783      -.01188    .0157555
    durationmiss |  -.1847582    1.12146    -0.16   0.869     -2.38278    2.013264
           cc_cn |          0  (omitted)
           cc_fr |  -1.541095   .6150627    -2.51   0.012    -2.746595   -.3355938
           cc_ge |  -.1950885   .4890837    -0.40   0.690    -1.153675     .763498
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -2.514492   .7792215    -3.23   0.001    -4.041739   -.9872464
           cc_jp |          0  (omitted)
           cc_po |   4.171529   1.004123     4.15   0.000     2.203484    6.139575
           cc_pt |   3.633466   1.352709     2.69   0.007     .9822049    6.284728
           cc_sw |  -1.573533   .6831714    -2.30   0.021    -2.912525   -.2345419
           cc_uk |  -.7426792   .3098341    -2.40   0.017    -1.349943   -.1354154
       _Isic_202 |   1.238755   .7023951     1.76   0.078    -.1379137    2.615425
       _Isic_203 |          0  (omitted)
       _Isic_204 |   1.072837   .9841617     1.09   0.276    -.8560842    3.001759
       _Isic_205 |   .5452524   .6013793     0.91   0.365    -.6334293    1.723934
       _Isic_206 |   1.851067    .725947     2.55   0.011     .4282374    3.273897
       _Isic_207 |   .4917325   .8788926     0.56   0.576    -1.230865     2.21433
       _Isic_208 |   1.119585    .557431     2.01   0.045     .0270407     2.21213
       _Isic_209 |   .0854852   .6023084     0.14   0.887    -1.095017    1.265988
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |          0  (omitted)
       _Isic_224 |          0  (omitted)
       _Isic_225 |  -.2731222   .8435947    -0.32   0.746    -1.926538    1.380293
       _Isic_226 |          0  (omitted)
       _Isic_227 |   .0388236   .7972559     0.05   0.961    -1.523769    1.601416
       _Isic_228 |   .7119596   .7282095     0.98   0.328    -.7153047    2.139224
       _Isic_229 |          0  (omitted)
       _Isic_232 |  -.4526542   .7008986    -0.65   0.518     -1.82639    .9210818
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |   -.605659   .6892783    -0.88   0.380     -1.95662    .7453015
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |   -.245733   .6808487    -0.36   0.718    -1.580172    1.088706
       _Isic_245 |          0  (omitted)
       _Isic_249 |  -.1207361   .6747599    -0.18   0.858    -1.443241    1.201769
       _Isic_251 |    .921321   .5779322     1.59   0.111    -.2114052    2.054047
       _Isic_252 |  -.6077287   .8033825    -0.76   0.449     -2.18233    .9668722
       _Isic_254 |   .8094644   .8974937     0.90   0.367     -.949591     2.56852
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .9388431   .5844124     1.61   0.108    -.2065842     2.08427
       _Isic_265 |   1.219935   .5880307     2.07   0.038     .0674161    2.372454
       _Isic_267 |   .5895375   .5370748     1.10   0.272    -.4631099    1.642185
       _Isic_271 |  -.6127612   .8863369    -0.69   0.489     -2.34995    1.124427
       _Isic_272 |          0  (omitted)
       _Isic_273 |   .5962914   .6411578     0.93   0.352    -.6603547    1.852938
       _Isic_274 |          0  (omitted)
       _Isic_275 |   1.170132   .5653234     2.07   0.038     .0621182    2.278145
       _Isic_278 |   .3873858   .8015092     0.48   0.629    -1.183543    1.958315
       _Isic_279 |          0  (omitted)
       _Isic_281 |          0  (omitted)
       _Isic_282 |   .1763727   .6172976     0.29   0.775    -1.033508    1.386254
       _Isic_283 |   .0618325   .5893952     0.10   0.916    -1.093361    1.217026
       _Isic_284 |   -.365407   .5868377    -0.62   0.534    -1.515588    .7847739
       _Isic_285 |   .9978223   .9030262     1.10   0.269    -.7720766    2.767721
       _Isic_286 |  -.5462895   .7082759    -0.77   0.441    -1.934485    .8419057
       _Isic_287 |    1.59156   .7522355     2.12   0.034     .1172056    3.065915
       _Isic_289 |   .7097545   .7050819     1.01   0.314    -.6721806     2.09169
       _Isic_299 |  -.0548888   .8831114    -0.06   0.950    -1.785755    1.675978
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |          0  (omitted)
       _Isic_308 |   .3443912    .478433     0.72   0.472    -.5933202    1.282103
       _Isic_311 |   1.451367   .8543144     1.70   0.089    -.2230587    3.125792
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |   .5272297   .7243789     0.73   0.467    -.8925268    1.946986
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |   .3004161    .764691     0.39   0.694    -1.198351    1.799183
       _Isic_327 |   1.030103   .6494892     1.59   0.113    -.2428725    2.303078
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |   .3756083   .5735396     0.65   0.513    -.7485086    1.499725
       _Isic_332 |   .8789782   .6353152     1.38   0.167    -.3662166    2.124173
       _Isic_333 |   .5914348   .7598961     0.78   0.436    -.8979342    2.080804
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |   1.130631   1.058368     1.07   0.285    -.9437329    3.204994
       _Isic_339 |          0  (omitted)
       _Isic_341 |  -.6733764    .983126    -0.68   0.493    -2.600268    1.253515
       _Isic_342 |  -.5059386   .6763312    -0.75   0.454    -1.831523    .8196463
       _Isic_343 |  -.6151963   .6157723    -1.00   0.318    -1.822088    .5916951
       _Isic_344 |    1.25981   .5430148     2.32   0.020     .1955201    2.324099
       _Isic_345 |   .6381365   .6984501     0.91   0.361    -.7308006    2.007074
       _Isic_346 |   .3364205   .6192806     0.54   0.587    -.8773472    1.550188
       _Isic_347 |          0  (omitted)
       _Isic_348 |          0  (omitted)
       _Isic_349 |    1.05704   .4821477     2.19   0.028     .1120483    2.002033
       _Isic_351 |          0  (omitted)
       _Isic_352 |   .9725434   .8965365     1.08   0.278    -.7846359    2.729723
       _Isic_353 |   .1139774   .5770952     0.20   0.843    -1.017108    1.245063
       _Isic_354 |   1.033409   .5655827     1.83   0.068    -.0751132     2.14193
       _Isic_355 |   1.635607   .5465054     2.99   0.003     .5644761    2.706738
       _Isic_356 |   .7630985   .5200894     1.47   0.142    -.2562581    1.782455
       _Isic_357 |   .9084069   .6655061     1.36   0.172    -.3959611    2.212775
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |   -.180401   .5973042    -0.30   0.763    -1.351096    .9902937
       _Isic_363 |    .694686   .7412484     0.94   0.349    -.7581341    2.147506
       _Isic_364 |   .8751283    .697237     1.26   0.209    -.4914312    2.241688
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .0455964   1.012857     0.05   0.964    -1.939567     2.03076
       _Isic_367 |   1.280876   .6340272     2.02   0.043     .0382056    2.523546
       _Isic_369 |   -1.21815   .8786056    -1.39   0.166    -2.940186     .503885
       _Isic_371 |   .0501689   .6523704     0.08   0.939    -1.228454    1.328791
       _Isic_372 |   .7779614   .5835939     1.33   0.183    -.3658616    1.921784
       _Isic_373 |   .9393054   .6170132     1.52   0.128    -.2700182    2.148629
       _Isic_374 |   .3390322   .7329574     0.46   0.644    -1.097538    1.775602
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.2064552   .7610814    -0.27   0.786    -1.698147    1.285237
       _Isic_382 |  -.5316704   .7361041    -0.72   0.470    -1.974408    .9110672
       _Isic_384 |    1.57695   .8970734     1.76   0.079    -.1812817    3.335181
       _Isic_391 |   .8119219   .8727696     0.93   0.352    -.8986751    2.522519
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |   1.091605    1.05474     1.03   0.301    -.9756466    3.158857
       _Isic_514 |          0  (omitted)
       _Isic_671 |  -.9798736   1.128622    -0.87   0.385    -3.191933    1.232185
           _cons |   5.244668   1.556482     3.37   0.001      2.19402    8.295317
----------------------------------------------------------------------------------
Note: 1 failure and 5 successes completely determined.
(est3 stored)

. esttab using TableA6.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) keep
> ( w_erp_oth w_net lpcemp ln_N share ldegree_t) nogap 
(note: file TableA6.csv not found)
(output written to TableA6.csv)

. 
. * Marginal effects
. cap estimates drop *

. eststo:xi: dprobit multi  w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic  if levels_ceopm>0 & sa2==1, clust
> er(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: MNE_f != 0 predicts success perfectly
      MNE_f dropped and 389 obs not used

note: aa13 != 0 predicts success perfectly
      aa13 dropped and 1 obs not used

note: aa44 != 0 predicts success perfectly
      aa44 dropped and 1 obs not used

note: _Isic_221 != 0 predicts success perfectly
      _Isic_221 dropped and 3 obs not used

note: _Isic_229 != 0 predicts success perfectly
      _Isic_229 dropped and 3 obs not used

note: _Isic_245 != 0 predicts success perfectly
      _Isic_245 dropped and 8 obs not used

note: _Isic_279 != 0 predicts failure perfectly
      _Isic_279 dropped and 1 obs not used

note: _Isic_281 != 0 predicts success perfectly
      _Isic_281 dropped and 6 obs not used

note: _Isic_306 != 0 predicts success perfectly
      _Isic_306 dropped and 11 obs not used

note: _Isic_324 != 0 predicts success perfectly
      _Isic_324 dropped and 2 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa2 dropped because of collinearity
note: aa7 dropped because of collinearity
note: aa9 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa30 dropped because of collinearity
note: aa41 dropped because of collinearity
note: aa47 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: _Isic_203 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_214 dropped because of collinearity
note: _Isic_224 dropped because of collinearity
note: _Isic_226 dropped because of collinearity
note: _Isic_233 dropped because of collinearity
note: _Isic_235 dropped because of collinearity
note: _Isic_239 dropped because of collinearity
note: _Isic_242 dropped because of collinearity
note: _Isic_261 dropped because of collinearity
note: _Isic_272 dropped because of collinearity
note: _Isic_274 dropped because of collinearity
note: _Isic_301 dropped because of collinearity
note: _Isic_302 dropped because of collinearity
note: _Isic_305 dropped because of collinearity
note: _Isic_321 dropped because of collinearity
note: _Isic_322 dropped because of collinearity
note: _Isic_325 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_329 dropped because of collinearity
note: _Isic_334 dropped because of collinearity
note: _Isic_335 dropped because of collinearity
note: _Isic_347 dropped because of collinearity
note: _Isic_348 dropped because of collinearity
note: _Isic_351 dropped because of collinearity
note: _Isic_358 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_361 dropped because of collinearity
note: _Isic_365 dropped because of collinearity
note: _Isic_375 dropped because of collinearity
note: _Isic_394 dropped because of collinearity
note: _Isic_395 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -462.63037
Iteration 1:   log pseudolikelihood = -296.58463
Iteration 2:   log pseudolikelihood =  -274.6445
Iteration 3:   log pseudolikelihood = -271.74007
Iteration 4:   log pseudolikelihood = -271.53187
Iteration 5:   log pseudolikelihood = -271.49995
Iteration 6:   log pseudolikelihood = -271.49132
Iteration 7:   log pseudolikelihood = -271.48876
Iteration 8:   log pseudolikelihood = -271.48797
Iteration 9:   log pseudolikelihood = -271.48771
Iteration 10:  log pseudolikelihood = -271.48763
Iteration 11:  log pseudolikelihood =  -271.4876
Iteration 12:  log pseudolikelihood = -271.48759
Iteration 13:  log pseudolikelihood = -271.48759
Iteration 14:  log pseudolikelihood = -271.48759
Iteration 15:  log pseudolikelihood = -271.48759
Iteration 16:  log pseudolikelihood = -271.48759
Iteration 17:  log pseudolikelihood = -271.48759
Iteration 18:  log pseudolikelihood = -271.48759
Iteration 19:  log pseudolikelihood = -271.48759
Iteration 20:  log pseudolikelihood = -271.48759

Probit regression, reporting marginal effects           Number of obs =    689
                                                        Wald chi2(142)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -271.48759                       Pseudo R2     = 0.4132

                           (Std. Err. adjusted for 658 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
   multi |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
   w_net |     .31507   .0773607     4.10   0.000   .325414   .163446  .466694
  lpcemp |  -.0325933    .036209    -0.91   0.365  -2.56555  -.103562  .038375
 lpcempm*|  -.7509192     .05201    -0.89   0.371   .015965  -.852857 -.648982
ldegre~t |   .0420267   .0253769     1.66   0.097   1.95049  -.007711  .091764
ldegre~s*|   .0945017   .0851489     1.04   0.300   .149492  -.072387  .261391
_Inobs_2*|  -.7973085   .0203396   -11.28   0.000   .040639  -.837173 -.757444
_Inobs_3*|  -.9144166   .0155346   -12.18   0.000   .104499  -.944864 -.883969
_Inobs_4*|  -.8216773   .0193477   -13.19   0.000   .046444  -.859598 -.783757
_Inobs_5*|  -.9670427    .008227   -15.32   0.000   .149492  -.983167 -.950918
_Inobs_6*|   -.995825   .0026289   -15.13   0.000   .626996  -1.00098 -.990672
_Inobs_7*|  -.7612693   .0200431        .       .   .023222  -.800553 -.721986
    ln_N |   .0543729   .0335101     1.62   0.106   3.84606  -.011306  .120051
ln_N_m~s*|    .399491   .0818546     1.34   0.180   .020319   .239059  .559923
   share |  -.2226921   .0445524    -4.78   0.000  -10.6948  -.310013 -.135371
sharem~s*|         -1   7.40e-11    -4.68   0.000   .100145        -1       -1
   MNE_d*|   .3006088    .052615     5.36   0.000   .449927   .197485  .403732
  onsite |  -.0421309   .0539219    -0.78   0.435  -1.80697  -.147816  .063554
 onsitem*|  -.8100548   .1060917    -0.90   0.368   .024673  -1.01799 -.602119
     aa1*|  -.5746695   .3410125    -1.12   0.263   .033382  -1.24304  .093703
     aa3*|   .3233222   .0245089     3.58   0.000   .014514   .275286  .371359
     aa4*|   .3501931   .0251847     6.64   0.000   .018868   .300832  .399554
     aa5*|    .315962   .0237896     3.34   0.001   .011611   .269335  .362589
     aa6*|   .4147412   .0343865     4.78   0.000   .047896   .347345  .482138
     aa8*|   .3894783   .0331709     4.49   0.000    .04209   .324465  .454492
    aa10*|   .3559709   .0281699     4.16   0.000   .027576   .300759  .411183
    aa12*|   .3922614   .0273939     7.17   0.000   .030479    .33857  .445952
    aa14*|   .4780118   .0495228     4.49   0.000   .078374   .380949  .575075
    aa15*|   .4583776   .0387879     5.70   0.000   .058055   .382355    .5344
    aa16*|    .383556   .0311247     4.70   0.000   .037736   .322553  .444559
    aa17*|  -.4818578    .441901    -0.91   0.365   .033382  -1.34797  .384252
    aa19*|   .3462131   .0268704     4.25   0.000   .023222   .293548  .398878
    aa20*|   .3281671   .0246453     3.96   0.000   .015965   .279863  .376471
    aa21*|   .3033907   .0226518     3.71   0.000   .002903   .258994  .347787
    aa22*|   .3172257   .0236445     3.99   0.000    .01016   .270883  .363568
    aa23*|   .4259896   .0361916     4.68   0.000    .05225   .355055  .496924
    aa24*|   .3071436   .0230754     3.32   0.001   .005806   .261917   .35237
    aa25*|   .4318068   .0312046     7.28   0.000   .043541   .370647  .492967
    aa26*|   .4138182    .035208     4.75   0.000   .047896   .344812  .482825
    aa27*|   .3377825   .0249855     5.00   0.000   .015965   .288812  .386753
    aa31*|   .4061423   .0333559     5.08   0.000   .044993   .340766  .471519
    aa32*|   .3583919   .0269477     5.10   0.000   .024673   .305575  .411208
    aa33*|    .311101    .022847        .       .   .004354   .266322   .35588
    aa34*|    .307208   .0228533     4.06   0.000   .004354   .262416     .352
    aa35*|   .4724187   .0477713     4.60   0.000   .076923   .378789  .566049
    aa36*|  -.4857656   .4374979    -0.91   0.363   .027576  -1.34325  .371715
    aa37*|   .3480869   .0250671     6.73   0.000   .017417   .298956  .397218
    aa38*|     .32761   .0242739     5.12   0.000   .011611   .280034  .375186
    aa39*|   .5016318    .056246     4.27   0.000   .091437   .391392  .611872
    aa40*|   .3040486   .0226644     4.28   0.000   .002903   .259627   .34847
    aa42*|   .3118784   .0232657     4.16   0.000   .007257   .266278  .357478
    aa43*|   .3236131   .0241299     4.21   0.000   .013062   .276319  .370907
    aa45*|   .3158611   .0232741     4.91   0.000   .007257   .270245  .361478
    aa46*|   .3162722   .0234346     4.46   0.000   .008708   .270341  .362203
reliab~y |   .0103297   .0166002     0.62   0.534   6.53266  -.022206  .042866
reliab~s*|   .3084777   .0550581     0.48   0.631   .014514   .200566   .41639
     dd2*|  -.0698003   .1799264    -0.40   0.689   .111756   -.42245  .282849
     dd3*|   .0494048   .1541766     0.31   0.755   .204644  -.252776  .351585
     dd4*|   .0246668    .161535     0.15   0.880   .193033  -.291936   .34127
     dd5*|   .1165331   .1380338     0.78   0.436   .187228  -.154008  .387074
     dd6*|   .0431086   .1609376     0.26   0.794   .142235  -.272323  .358541
     dd7*|  -.0144675   .1963145    -0.07   0.941   .036284  -.399237  .370302
     dd8*|  -.0873851   .1849507    -0.49   0.624   .105951  -.449882  .275112
i_comp~e |  -.0057304    .002337    -2.45   0.014   13.7971  -.010311  -.00115
i_comp~s*|   -.710327   .0225981    -3.58   0.000   .005806  -.754618 -.666036
i_seni~y |   -.076429   .0298456    -2.57   0.010   1.25254  -.134925 -.017933
i_seni~s*|  -.8102879   .0422375    -2.47   0.014   .015965  -.893072 -.727504
duration |   .0006712   .0024295     0.28   0.782   43.6517   -.00409  .005433
durati~s*|  -.0055229   .3955979    -0.01   0.989   .020319   -.78088  .769835
   cc_fr*|  -.5471217   .1744618    -2.46   0.014   .092888  -.889061 -.205183
   cc_ge*|  -.0224919   .1727458    -0.13   0.895     .1582  -.361067  .316084
   cc_it*|  -.7309418   .0979427    -3.10   0.002   .101597  -.922906 -.538978
   cc_po*|   .4900915   .0257879        .       .   .091437   .439548  .540635
   cc_pt*|   .3103911    .023193     3.50   0.000   .007257   .264934  .355849
   cc_sw*|  -.5034401   .2169431    -1.95   0.051   .085631  -.928641 -.078239
   cc_uk*|  -.2592005   .1169047    -2.26   0.024   .261248  -.488329 -.030071
_Isi~202*|   .2494031   .0770531     1.62   0.105   .014514   .098382  .400424
_Isi~204*|   .2146073   .1503267     0.88   0.380   .004354  -.080028  .509242
_Isi~205*|   .1293747    .154986     0.70   0.483   .014514  -.174392  .433142
_Isi~206*|    .289458   .0315164     2.38   0.017   .007257   .227687  .351229
_Isi~207*|     .14735   .1907926     0.62   0.535   .004354  -.226597  .521297
_Isi~208*|   .2441556   .0747217     1.87   0.061   .036284   .097704  .390607
_Isi~209*|    .012965   .2018403     0.06   0.949   .008708  -.382635  .408565
_Isi~225*|  -.0990618   .3182212    -0.33   0.744   .004354  -.722764   .52464
_Isi~227*|  -.0243587   .2876501    -0.09   0.931   .002903  -.588143  .539425
_Isi~228*|   .1674103   .1521301     0.84   0.404   .008708  -.130759   .46558
_Isi~232*|  -.2075282   .2855888    -0.76   0.447   .014514  -.767272  .352216
_Isi~238*|  -.2817136   .2674002    -1.07   0.285   .004354  -.805808  .242381
_Isi~243*|   -.169034    .276165    -0.64   0.520   .007257  -.710307  .372239
_Isi~249*|  -.0634772   .2464672    -0.27   0.790   .004354  -.546544   .41959
_Isi~251*|   .2220921   .0908248     1.52   0.129   .020319   .044079  .400105
_Isi~252*|  -.3361233   .2999412    -1.10   0.272   .008708  -.923997  .251751
_Isi~254*|   .1763417   .1729054     0.75   0.456   .002903  -.162547   .51523
_Isi~262*|   .2077306    .103558     1.34   0.180   .023222   .004761  .410701
_Isi~265*|   .2556811   .0641252     1.98   0.048   .021771   .129998  .381364
_Isi~267*|   .1350825   .1308387     0.86   0.391   .011611  -.121357  .391522
_Isi~271*|  -.2998515   .3320594    -0.91   0.364   .004354  -.950676  .350973
_Isi~273*|   .1155593   .1707493     0.59   0.558   .013062  -.219103  .450222
_Isi~275*|   .2472482   .0715181     1.86   0.063   .027576   .107075  .387421
_Isi~278*|   .0717392    .237601     0.28   0.779   .002903   -.39395  .537429
_Isi~282*|   .0082767   .2057788     0.04   0.968   .013062  -.395042  .411596
_Isi~283*|   .0013356   .2006153     0.01   0.995   .023222  -.391863  .394534
_Isi~284*|  -.1654201   .2337038    -0.75   0.456   .020319  -.623471  .292631
_Isi~285*|    .209693   .1530151     0.87   0.383   .007257  -.090211  .509597
_Isi~286*|  -.2139995   .2820111    -0.79   0.428   .007257  -.766731  .338732
_Isi~287*|   .2814993   .0459465     1.99   0.046   .011611   .191446  .371553
_Isi~289*|   .1835708    .137629     0.97   0.333   .014514  -.086177  .453319
_Isi~299*|  -.0001335    .305008    -0.00   1.000   .007257  -.597938  .597671
_Isi~308*|   .0813822   .1415814     0.53   0.595   .047896  -.196112  .358877
_Isi~311*|   .2638595   .0669077     1.54   0.124   .004354   .132723  .394996
_Isi~323*|   .1307724   .1782493     0.61   0.539   .005806   -.21859  .480135
_Isi~326*|    .080764   .2162207     0.34   0.732   .011611  -.343021  .504549
_Isi~327*|   .2280771   .0928099     1.44   0.151   .011611   .046173  .409981
_Isi~331*|   .0852628   .1661934     0.47   0.640   .020319   -.24047  .410996
_Isi~332*|   .2251725    .092707     1.44   0.149    .01016    .04347  .406875
_Isi~333*|   .1656094   .1663236     0.76   0.446   .013062  -.160379  .491598
_Isi~336*|   .2591857   .0972557     1.11   0.268   .005806   .068568  .449803
_Isi~341*|  -.2414235   .3696976    -0.68   0.499   .002903  -.966018  .483171
_Isi~342*|  -.2110728   .2623335    -0.84   0.400   .007257  -.725237  .303091
_Isi~343*|  -.2699557    .245739    -1.12   0.262   .004354  -.751595  .211684
_Isi~344*|   .2531065   .0598243     2.11   0.035   .017417   .135853   .37036
_Isi~345*|   .1465617   .1609833     0.73   0.462   .013062   -.16896  .462083
_Isi~346*|   .0710772   .1827646     0.36   0.718   .017417  -.287135  .429289
_Isi~349*|   .2491391   .0715776     2.09   0.037   .059507    .10885  .389429
_Isi~352*|   .2426873   .1071382     1.14   0.255   .004354     .0327  .452674
_Isi~353*|   .0175329   .1880206     0.09   0.927   .026125  -.350981  .386046
_Isi~354*|   .2254386   .0858347     1.60   0.109   .020319   .057206  .393672
_Isi~355*|   .2946159   .0383783     2.86   0.004   .034833   .219396  .369836
_Isi~356*|    .187972   .1059863     1.31   0.189   .043541  -.019757  .395701
_Isi~357*|   .2147262   .1055322     1.28   0.202    .01016   .007887  .421565
_Isi~362*|  -.1035136   .2268994    -0.48   0.633   .034833  -.548228  .341201
_Isi~363*|   .1824439   .1528964     0.86   0.388   .011611  -.117227  .482115
_Isi~364*|   .2053755   .1183822     1.15   0.251   .014514  -.026649    .4374
_Isi~366*|  -.0107186   .3500578    -0.03   0.975   .008708  -.696819  .675382
_Isi~367*|   .2681639   .0560956     2.03   0.042   .020319   .158218  .378109
_Isi~369*|  -.4759058   .2620363    -1.49   0.137   .008708  -.989488  .037676
_Isi~371*|    .003602   .2215985     0.02   0.987    .03193  -.430723  .437927
_Isi~372*|   .1859513    .115466     1.16   0.247   .014514  -.040358  .412261
_Isi~373*|   .2218803   .0935722     1.44   0.150   .013062   .038482  .405278
_Isi~374*|   .1346069   .1789313     0.62   0.534   .004354  -.216092  .485306
_Isi~381*|  -.0725322   .2823365    -0.27   0.789   .008708  -.625902  .480837
_Isi~382*|  -.2434178   .2942931    -0.86   0.391   .014514  -.820222  .333386
_Isi~384*|   .2796212   .0530882     1.66   0.097    .01016    .17557  .383672
_Isi~391*|    .186495   .1603715     0.82   0.410   .007257  -.127827  .500817
_Isi~399*|   .2440409   .1136051     1.05   0.293   .002903   .021379  .466703
_Isi~671*|  -.3520552   .4258447    -0.80   0.425   .005806   -1.1867  .482585
---------+--------------------------------------------------------------------
  obs. P |   .6037736
 pred. P |   .7027229  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est1 stored)

. eststo:xi: dprobit multi w_erp_oth  lpcemp lpcempm ldegree_t* yy* $collapse $firm $noise_a  cc* i.sic  if levels_ceopm>0& sa2==1, cl
> uster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: MNE_f != 0 predicts success perfectly
      MNE_f dropped and 389 obs not used

note: aa13 != 0 predicts success perfectly
      aa13 dropped and 1 obs not used

note: aa44 != 0 predicts success perfectly
      aa44 dropped and 1 obs not used

note: _Isic_221 != 0 predicts success perfectly
      _Isic_221 dropped and 3 obs not used

note: _Isic_229 != 0 predicts success perfectly
      _Isic_229 dropped and 3 obs not used

note: _Isic_245 != 0 predicts success perfectly
      _Isic_245 dropped and 8 obs not used

note: _Isic_279 != 0 predicts failure perfectly
      _Isic_279 dropped and 1 obs not used

note: _Isic_281 != 0 predicts success perfectly
      _Isic_281 dropped and 6 obs not used

note: _Isic_306 != 0 predicts success perfectly
      _Isic_306 dropped and 11 obs not used

note: _Isic_324 != 0 predicts success perfectly
      _Isic_324 dropped and 2 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa2 dropped because of collinearity
note: aa7 dropped because of collinearity
note: aa9 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa30 dropped because of collinearity
note: aa41 dropped because of collinearity
note: aa47 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: _Isic_203 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_214 dropped because of collinearity
note: _Isic_224 dropped because of collinearity
note: _Isic_226 dropped because of collinearity
note: _Isic_233 dropped because of collinearity
note: _Isic_235 dropped because of collinearity
note: _Isic_239 dropped because of collinearity
note: _Isic_242 dropped because of collinearity
note: _Isic_261 dropped because of collinearity
note: _Isic_272 dropped because of collinearity
note: _Isic_274 dropped because of collinearity
note: _Isic_301 dropped because of collinearity
note: _Isic_302 dropped because of collinearity
note: _Isic_305 dropped because of collinearity
note: _Isic_321 dropped because of collinearity
note: _Isic_322 dropped because of collinearity
note: _Isic_325 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_329 dropped because of collinearity
note: _Isic_334 dropped because of collinearity
note: _Isic_335 dropped because of collinearity
note: _Isic_347 dropped because of collinearity
note: _Isic_348 dropped because of collinearity
note: _Isic_351 dropped because of collinearity
note: _Isic_358 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_361 dropped because of collinearity
note: _Isic_365 dropped because of collinearity
note: _Isic_375 dropped because of collinearity
note: _Isic_394 dropped because of collinearity
note: _Isic_395 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -462.63037
Iteration 1:   log pseudolikelihood = -302.28063
Iteration 2:   log pseudolikelihood = -280.94106
Iteration 3:   log pseudolikelihood = -277.97273
Iteration 4:   log pseudolikelihood = -277.75159
Iteration 5:   log pseudolikelihood = -277.71895
Iteration 6:   log pseudolikelihood = -277.71015
Iteration 7:   log pseudolikelihood = -277.70755
Iteration 8:   log pseudolikelihood = -277.70675
Iteration 9:   log pseudolikelihood = -277.70649
Iteration 10:  log pseudolikelihood =  -277.7064
Iteration 11:  log pseudolikelihood = -277.70638
Iteration 12:  log pseudolikelihood = -277.70637
Iteration 13:  log pseudolikelihood = -277.70636
Iteration 14:  log pseudolikelihood = -277.70636
Iteration 15:  log pseudolikelihood = -277.70636
Iteration 16:  log pseudolikelihood = -277.70636
Iteration 17:  log pseudolikelihood = -277.70636
Iteration 18:  log pseudolikelihood = -277.70636
Iteration 19:  log pseudolikelihood = -277.70636
Iteration 20:  log pseudolikelihood = -277.70636

Probit regression, reporting marginal effects           Number of obs =    689
                                                        Wald chi2(142)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -277.70636                       Pseudo R2     = 0.3997

                           (Std. Err. adjusted for 658 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
   multi |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_erp_~h |   .1702489    .064947     2.65   0.008   .327233   .042955  .297543
  lpcemp |  -.0267633   .0363454    -0.74   0.459  -2.56555  -.097999  .044472
 lpcempm*|   -.742757   .0528112    -0.74   0.460   .015965  -.846265 -.639249
ldegre~t |   .0404337   .0248617     1.63   0.103   1.95049  -.008294  .089162
ldegre~s*|   .1037755   .0807258     1.19   0.234   .149492  -.054444  .261995
_Inobs_2*|  -.8003252   .0207121   -11.03   0.000   .040639   -.84092  -.75973
_Inobs_3*|  -.9192271   .0155861   -11.83   0.000   .104499  -.949775 -.888679
_Inobs_4*|  -.8254164   .0196601   -12.99   0.000   .046444   -.86395 -.786883
_Inobs_5*|  -.9692874   .0082285   -14.61   0.000   .149492  -.985415  -.95316
_Inobs_6*|   -.996797    .002211   -14.42   0.000   .626996  -1.00113 -.992464
_Inobs_7*|  -.7627265   .0201025        .       .   .023222  -.802127 -.723326
    ln_N |   .0717581   .0323374     2.21   0.027   3.84606   .008378  .135138
ln_N_m~s*|   .4410573   .0806069     1.92   0.055   .020319   .283071  .599044
   share |  -.2260183   .0443748    -4.87   0.000  -10.6948  -.312991 -.139045
sharem~s*|         -1   4.07e-11    -4.77   0.000   .100145        -1       -1
   MNE_d*|   .3167504   .0525125     5.63   0.000   .449927   .213828  .419673
  onsite |  -.0395519   .0542183    -0.73   0.466  -1.80697  -.145818  .066714
 onsitem*|  -.8055016    .107922    -0.86   0.392   .024673  -1.01702 -.593978
     aa1*|  -.7314617   .0200499        .       .   .033382  -.770759 -.692165
     aa3*|   .3182232   .0248631     2.97   0.003   .014514   .269492  .366954
     aa4*|    .343686   .0254843     6.03   0.000   .018868   .293738  .393634
     aa5*|   .3145714   .0241982     3.22   0.001   .011611   .267144  .361999
     aa6*|   .4070915   .0349029     4.68   0.000   .047896   .338683    .4755
     aa8*|   .3783864   .0335158     4.10   0.000    .04209   .312697  .444076
    aa10*|   .3484489   .0283537     3.88   0.000   .027576   .292877  .404021
    aa12*|   .3801017   .0278024     6.53   0.000   .030479    .32561  .434593
    aa14*|   .4540609   .0495051     4.07   0.000   .078374   .357033  .551089
    aa15*|   .4364321    .038539     5.21   0.000   .058055   .360897  .511967
    aa16*|   .3724022   .0315555     4.25   0.000   .037736   .310555   .43425
    aa17*|  -.7143719   .0341354    -5.02   0.000   .033382  -.781276 -.647468
    aa19*|   .3403349   .0272758     3.91   0.000   .023222   .286875  .393795
    aa20*|   .3235454   .0250702     3.48   0.001   .015965   .274409  .372682
    aa21*|   .3032877   .0228846     3.62   0.000   .002903   .258435  .348141
    aa22*|   .3149434   .0239376     3.65   0.000    .01016   .268027   .36186
    aa23*|   .4138252   .0366078     4.41   0.000    .05225   .342075  .485575
    aa24*|   .3062777   .0233318     3.06   0.002   .005806   .260548  .352007
    aa25*|   .4156966   .0315783     6.71   0.000   .043541   .353804  .477589
    aa26*|   .3998088   .0356856     4.35   0.000   .047896   .329866  .469751
    aa27*|   .3328175   .0253459     4.48   0.000   .015965    .28314  .382495
    aa31*|     .39011   .0334237     4.55   0.000   .044993   .324601  .455619
    aa32*|   .3511845   .0274223     4.66   0.000   .024673   .297438  .404931
    aa33*|   .3093491   .0229353        .       .   .004354   .264397  .354302
    aa34*|    .306446   .0230807     3.65   0.000   .004354   .261209  .351683
    aa35*|   .4446166   .0477318     4.03   0.000   .076923   .351064  .538169
    aa36*|  -.7098949   .0323872    -5.22   0.000   .027576  -.773373 -.646417
    aa37*|   .3421846   .0253079     6.14   0.000   .017417   .292582  .391787
    aa38*|   .3246563    .024531     4.59   0.000   .011611   .276576  .372736
    aa39*|   .4731122   .0565948     3.81   0.000   .091437   .362188  .584036
    aa40*|   .3032677   .0228814     3.72   0.000   .002903   .258421  .348114
    aa42*|   .3102296   .0235316     3.75   0.000   .007257   .264108  .356351
    aa43*|   .3209141   .0245215     3.86   0.000   .013062   .272853  .368975
    aa45*|   .3144457   .0235808     4.56   0.000   .007257   .268228  .360663
    aa46*|   .3137718   .0237337     3.94   0.000   .008708   .267255  .360289
reliab~y |   .0046088   .0163463     0.28   0.778   6.53266  -.027429  .036647
reliab~s*|     .25732   .5091958     0.23   0.818   .014514  -.740685  1.25533
     dd2*|  -.0794311   .1752528    -0.47   0.639   .111756   -.42292  .264058
     dd3*|   .0415936    .150607     0.27   0.787   .204644  -.253591  .336778
     dd4*|   .0039639   .1604501     0.02   0.980   .193033  -.310512   .31844
     dd5*|   .1159706   .1340684     0.80   0.425   .187228  -.146799   .37874
     dd6*|   .0301103   .1594398     0.19   0.853   .142235  -.282386  .342607
     dd7*|   .0006118   .1906706     0.00   0.997   .036284  -.373096  .374319
     dd8*|  -.0797393    .180129    -0.46   0.647   .105951  -.432786  .273307
i_comp~e |  -.0057712   .0023089    -2.51   0.012   13.7971  -.010297 -.001246
i_comp~s*|  -.7061999   .0254931    -2.98   0.003   .005806  -.756165 -.656234
i_seni~y |  -.0766135   .0299896    -2.55   0.011   1.25254  -.135392 -.017835
i_seni~s*|  -.8112059   .0426834    -2.48   0.013   .015965  -.894864 -.727548
duration |   .0003047   .0023307     0.13   0.896   43.6517  -.004263  .004873
durati~s*|  -.1705357   .4330967    -0.41   0.679   .020319  -1.01939  .678318
   cc_fr*|  -.5248513   .1798608    -2.38   0.017   .092888  -.877372 -.172331
   cc_ge*|  -.0670782   .1794476    -0.38   0.701     .1582  -.418789  .284633
   cc_it*|  -.6962201   .1235447    -2.87   0.004   .101597  -.938363 -.454077
   cc_po*|   .5088898   .0589468     4.30   0.000   .091437   .393356  .624423
   cc_pt*|   .3088657   .0234657     3.19   0.001   .007257   .262874  .354858
   cc_sw*|  -.5427379   .1916808    -2.23   0.026   .085631  -.918425 -.167051
   cc_uk*|  -.1987936   .1096572    -1.86   0.063   .261248  -.413718  .016131
_Isi~202*|   .2580435   .0669499     1.79   0.073   .014514   .126824  .389263
_Isi~204*|   .2645415   .0811561     1.26   0.207   .004354   .105478  .423605
_Isi~205*|   .1525174   .1451239     0.84   0.403   .014514   -.13192  .436955
_Isi~206*|   .2892938   .0316348     2.43   0.015   .007257   .227291  .351297
_Isi~207*|   .0612651   .2683063     0.21   0.830   .004354  -.464606  .587136
_Isi~208*|   .2370865   .0795251     1.78   0.075   .036284    .08122  .392953
_Isi~209*|  -.0334301   .2227203    -0.15   0.878   .008708  -.469954  .403094
_Isi~225*|  -.1632121   .3448019    -0.50   0.618   .004354  -.839011  .512587
_Isi~227*|   .0147655   .2914939     0.05   0.960   .002903  -.556552  .586083
_Isi~228*|   .1711615   .1423072     0.90   0.367   .008708  -.107756  .450079
_Isi~232*|  -.2683011   .2710557    -1.01   0.311   .014514   -.79956  .262958
_Isi~238*|  -.2575996   .2632481    -1.00   0.315   .004354  -.773556  .258357
_Isi~243*|  -.0687708   .2445295    -0.29   0.770   .007257   -.54804  .410498
_Isi~249*|   .0396027   .2215532     0.17   0.863   .004354  -.394634  .473839
_Isi~251*|    .215698   .1011067     1.36   0.173   .020319   .017533  .413863
_Isi~252*|  -.3118327    .314417    -0.99   0.322   .008708  -.928079  .304413
_Isi~254*|   .2152669   .1501392     0.88   0.380   .002903  -.079001  .509534
_Isi~262*|   .2342902   .0804762     1.71   0.088   .023222    .07656  .392021
_Isi~265*|   .2477806   .0714235     1.83   0.067   .021771   .107793  .387768
_Isi~267*|    .112686   .1445622     0.68   0.497   .011611  -.170651  .396023
_Isi~271*|  -.1318444   .3251821    -0.43   0.670   .004354   -.76919  .505501
_Isi~273*|   .1601792    .152132     0.82   0.411   .013062  -.137994  .458352
_Isi~275*|    .244698   .0700531     1.92   0.054   .027576   .107397     .382
_Isi~278*|   .1755301   .1661631     0.78   0.437   .002903  -.150144  .501204
_Isi~282*|   .1041463   .1733539     0.53   0.595   .013062  -.235621  .443914
_Isi~283*|  -.0575777   .2196827    -0.27   0.787   .023222  -.488148  .372992
_Isi~284*|  -.1446919   .2176949    -0.70   0.484   .020319  -.571366  .281982
_Isi~285*|   .2548864   .0906759     1.27   0.204   .007257   .077165  .432608
_Isi~286*|  -.2231418   .2486167    -0.93   0.350   .007257  -.710422  .264138
_Isi~287*|   .2736852   .0540668     1.89   0.058   .011611   .167716  .379654
_Isi~289*|   .1543986    .160247     0.76   0.444   .014514   -.15968  .468477
_Isi~299*|   -.045578   .2884431    -0.16   0.871   .007257  -.610916   .51976
_Isi~308*|   .0957469    .138151     0.63   0.530   .047896  -.175024  .366518
_Isi~311*|   .2515988   .0853606     1.35   0.178   .004354   .084295  .418902
_Isi~323*|   .1210532   .1834673     0.56   0.573   .005806  -.238536  .480642
_Isi~326*|   .0531412   .2398402     0.21   0.833   .011611  -.416937  .523219
_Isi~327*|   .2363708   .0821005     1.60   0.110   .011611   .075457  .397285
_Isi~331*|   .0867286   .1662363     0.48   0.635   .020319  -.239089  .412546
_Isi~332*|   .1874442   .1205639     1.11   0.268    .01016  -.048857  .423745
_Isi~333*|   .0849506   .2183991     0.35   0.723   .013062  -.343104  .513005
_Isi~336*|     .21966   .1498758     0.87   0.383   .005806  -.074091  .513411
_Isi~341*|  -.3895809   .3568099    -1.01   0.311   .002903  -1.08892  .309754
_Isi~342*|  -.2241428   .2666044    -0.88   0.381   .007257  -.746678  .298392
_Isi~343*|   -.232007   .2608709    -0.92   0.356   .004354  -.743305  .279291
_Isi~344*|   .2519797   .0614414     2.08   0.038   .017417   .131557  .372403
_Isi~345*|   .1059264    .185016     0.50   0.614   .013062  -.256698  .468551
_Isi~346*|   .0417359   .1996371     0.20   0.840   .017417  -.349546  .433018
_Isi~349*|   .2435707   .0736738     2.04   0.041   .059507   .099173  .387969
_Isi~352*|   .2083482   .1306426     1.02   0.308   .004354  -.047707  .464403
_Isi~353*|  -.0241614   .2092777    -0.12   0.907   .026125  -.434338  .386015
_Isi~354*|   .1957169   .1051997     1.30   0.193   .020319  -.010471  .401904
_Isi~355*|   .2789199   .0493043     2.48   0.013   .034833   .182285  .375555
_Isi~356*|   .1872398   .1076683     1.29   0.197   .043541  -.023786  .398266
_Isi~357*|   .1621633   .1420874     0.88   0.377    .01016  -.116323   .44065
_Isi~362*|  -.1473881   .2300261    -0.67   0.500   .034833  -.598231  .303455
_Isi~363*|   .1281443   .1930841     0.56   0.576   .011611  -.250294  .506582
_Isi~364*|   .1980249   .1289988     1.05   0.294   .014514  -.054808  .450858
_Isi~366*|  -.0986966   .3907274    -0.26   0.791   .008708  -.864508  .667115
_Isi~367*|   .2542757   .0736923     1.68   0.093   .020319   .109841   .39871
_Isi~369*|  -.4382578   .2838569    -1.35   0.178   .008708  -.994607  .118092
_Isi~371*|  -.0244695      .2323    -0.11   0.915    .03193  -.479769   .43083
_Isi~372*|   .1397775   .1394899     0.83   0.409   .014514  -.133618  .413173
_Isi~373*|   .1994403   .1115894     1.21   0.225   .013062  -.019271  .418152
_Isi~374*|   .0937103   .2205427     0.38   0.703   .004354  -.338545  .525966
_Isi~381*|  -.0803451   .2788931    -0.30   0.764   .008708  -.626966  .466275
_Isi~382*|  -.1590257   .2726126    -0.61   0.539   .014514  -.693337  .375285
_Isi~384*|   .2804795   .0518578     1.68   0.092    .01016    .17884  .382119
_Isi~391*|   .1808996   .1731318     0.76   0.450   .007257  -.158433  .520232
_Isi~399*|   .1801487   .2004942     0.65   0.518   .002903  -.212813   .57311
_Isi~671*|  -.4694369     .35035    -1.11   0.268   .005806  -1.15611  .217237
---------+--------------------------------------------------------------------
  obs. P |   .6037736
 pred. P |   .7025683  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est2 stored)

. eststo:xi: dprobit multi w_erp_oth   w_net  lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a  cc* i.sic  if levels_ceopm>0 & s
> a2==1, cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: MNE_f != 0 predicts success perfectly
      MNE_f dropped and 389 obs not used

note: aa13 != 0 predicts success perfectly
      aa13 dropped and 1 obs not used

note: aa44 != 0 predicts success perfectly
      aa44 dropped and 1 obs not used

note: _Isic_221 != 0 predicts success perfectly
      _Isic_221 dropped and 3 obs not used

note: _Isic_229 != 0 predicts success perfectly
      _Isic_229 dropped and 3 obs not used

note: _Isic_245 != 0 predicts success perfectly
      _Isic_245 dropped and 8 obs not used

note: _Isic_279 != 0 predicts failure perfectly
      _Isic_279 dropped and 1 obs not used

note: _Isic_281 != 0 predicts success perfectly
      _Isic_281 dropped and 6 obs not used

note: _Isic_306 != 0 predicts success perfectly
      _Isic_306 dropped and 11 obs not used

note: _Isic_324 != 0 predicts success perfectly
      _Isic_324 dropped and 2 obs not used

note: _Isic_339 != 0 predicts failure perfectly
      _Isic_339 dropped and 1 obs not used

note: _Isic_379 != 0 predicts failure perfectly
      _Isic_379 dropped and 1 obs not used

note: yy dropped because of collinearity
note: aa2 dropped because of collinearity
note: aa9 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa17 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa30 dropped because of collinearity
note: aa41 dropped because of collinearity
note: aa47 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: _Isic_203 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_214 dropped because of collinearity
note: _Isic_224 dropped because of collinearity
note: _Isic_226 dropped because of collinearity
note: _Isic_233 dropped because of collinearity
note: _Isic_235 dropped because of collinearity
note: _Isic_239 dropped because of collinearity
note: _Isic_242 dropped because of collinearity
note: _Isic_261 dropped because of collinearity
note: _Isic_272 dropped because of collinearity
note: _Isic_274 dropped because of collinearity
note: _Isic_301 dropped because of collinearity
note: _Isic_302 dropped because of collinearity
note: _Isic_305 dropped because of collinearity
note: _Isic_321 dropped because of collinearity
note: _Isic_322 dropped because of collinearity
note: _Isic_325 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_329 dropped because of collinearity
note: _Isic_334 dropped because of collinearity
note: _Isic_335 dropped because of collinearity
note: _Isic_347 dropped because of collinearity
note: _Isic_348 dropped because of collinearity
note: _Isic_351 dropped because of collinearity
note: _Isic_358 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_361 dropped because of collinearity
note: _Isic_365 dropped because of collinearity
note: _Isic_375 dropped because of collinearity
note: _Isic_394 dropped because of collinearity
note: _Isic_395 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -462.63037
Iteration 1:   log pseudolikelihood = -295.39769
Iteration 2:   log pseudolikelihood =  -272.8512
Iteration 3:   log pseudolikelihood = -269.75135
Iteration 4:   log pseudolikelihood = -269.52625
Iteration 5:   log pseudolikelihood = -269.49411
Iteration 6:   log pseudolikelihood = -269.48544
Iteration 7:   log pseudolikelihood = -269.48287
Iteration 8:   log pseudolikelihood = -269.48207
Iteration 9:   log pseudolikelihood = -269.48182
Iteration 10:  log pseudolikelihood = -269.48173
Iteration 11:  log pseudolikelihood =  -269.4817
Iteration 12:  log pseudolikelihood = -269.48169
Iteration 13:  log pseudolikelihood = -269.48169
Iteration 14:  log pseudolikelihood = -269.48169
Iteration 15:  log pseudolikelihood = -269.48169
Iteration 16:  log pseudolikelihood = -269.48169
Iteration 17:  log pseudolikelihood = -269.48169
Iteration 18:  log pseudolikelihood = -269.48169
Iteration 19:  log pseudolikelihood = -269.48169
Iteration 20:  log pseudolikelihood = -269.48169

Probit regression, reporting marginal effects           Number of obs =    689
                                                        Wald chi2(143)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -269.48169                       Pseudo R2     = 0.4175

                           (Std. Err. adjusted for 658 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
   multi |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_erp_~h |   .1408445   .0661887     2.14   0.033   .327233   .011117  .270572
   w_net |   .3002929   .0778103     3.86   0.000   .325414   .147788  .452798
  lpcemp |  -.0442539   .0368363    -1.21   0.226  -2.56555  -.116452  .027944
 lpcempm*|  -.7690326   .0510056    -1.20   0.230   .015965  -.869002 -.669063
ldegre~t |   .0441902   .0252539     1.75   0.079   1.95049  -.005307  .093687
ldegre~s*|   .1115448   .0814304     1.26   0.209   .149492  -.048056  .271145
_Inobs_2*|  -.7994655   .0207192   -10.84   0.000   .040639  -.840074 -.758857
_Inobs_3*|  -.9176927   .0155879   -11.83   0.000   .104499  -.948244 -.887141
_Inobs_4*|  -.8250465   .0196165   -12.78   0.000   .046444  -.863494 -.786599
_Inobs_5*|  -.9692623   .0081528   -14.77   0.000   .149492  -.985241 -.953283
_Inobs_6*|  -.9965069   .0023521   -14.59   0.000   .626996  -1.00112 -.991897
_Inobs_7*|   -.764002   .0202296        .       .   .023222  -.803651 -.724353
    ln_N |   .0571679   .0334299     1.70   0.088   3.84606  -.008353  .122689
ln_N_m~s*|   .4038988   .0824136     1.42   0.155   .020319   .242371  .565426
   share |  -.2273139    .044183    -4.91   0.000  -10.6948  -.313911 -.140717
sharem~s*|         -1   2.57e-11    -4.81   0.000   .100145        -1       -1
   MNE_d*|   .2968097   .0527903     5.27   0.000   .449927   .193343  .400277
  onsite |  -.0412388   .0543229    -0.76   0.448  -1.80697   -.14771  .065232
 onsitem*|  -.8103789   .1070263    -0.88   0.378   .024673  -1.02015 -.600611
     aa1*|  -.1648534   .2098791    -0.83   0.408   .033382  -.576209  .246502
     aa3*|   .3285291   .0256435     4.53   0.000   .014514   .278269   .37879
     aa4*|   .3589363   .0263908     7.84   0.000   .018868   .307211  .410661
     aa5*|   .3204113   .0247835     4.47   0.000   .011611   .271836  .368986
     aa6*|   .4431487   .0368926     5.96   0.000   .047896   .370841  .515457
     aa7*|    .269075   .1037169     0.93   0.355   .005806   .065794  .472356
     aa8*|    .411868   .0354126     5.62   0.000    .04209   .342461  .481275
    aa10*|   .3690763   .0299271     5.23   0.000   .027576    .31042  .427732
    aa12*|   .4076378   .0290372     8.35   0.000   .030479   .350726   .46455
    aa14*|   .5214326   .0518422     5.56   0.000   .078374   .419824  .623042
    aa15*|   .4888724   .0407048     6.83   0.000   .058055   .409092  .568652
    aa16*|   .4023148   .0332518     5.77   0.000   .037736   .337143  .467487
    aa19*|   .3566815   .0284943     5.30   0.000   .023222   .300834  .412529
    aa20*|    .334613   .0258834     5.03   0.000   .015965   .283882  .385344
    aa21*|   .3030272   .0231274     4.58   0.000   .002903   .257698  .348356
    aa22*|   .3206686   .0245471     5.05   0.000    .01016   .272557   .36878
    aa23*|   .4553906   .0388011     5.76   0.000    .05225   .379342  .531439
    aa24*|   .3081483   .0237149     4.26   0.000   .005806   .261668  .354629
    aa25*|   .4542454   .0330519     8.49   0.000   .043541   .389465  .519026
    aa26*|   .4389254   .0376543     5.80   0.000   .047896   .365124  .512726
    aa27*|   .3435959   .0262138     5.92   0.000   .015965   .292218  .394974
    aa31*|   .4295216   .0354384     6.23   0.000   .044993   .360064   .49898
    aa32*|   .3693319   .0285879     6.15   0.000   .024673   .313301  .425363
    aa33*|   .3115308   .0232197        .       .   .004354   .266021  .357041
    aa34*|   .3073496   .0234052     4.92   0.000   .004354   .261476  .353223
    aa35*|   .5137677   .0501907     5.67   0.000   .076923   .415396   .61214
    aa36*|  -.0423571   .1996112    -0.22   0.828   .027576  -.433588  .348874
    aa37*|   .3551176   .0261715     7.83   0.000   .017417   .303822  .406413
    aa38*|   .3318994   .0252136     6.09   0.000   .011611   .282482  .381317
    aa39*|   .5519465   .0582338     5.30   0.000   .091437    .43781  .666083
    aa40*|   .3036544   .0231256     5.34   0.000   .002903   .258329   .34898
    aa42*|    .313371   .0239818     5.11   0.000   .007257   .266368  .360374
    aa43*|   .3284879   .0251893     5.27   0.000   .013062   .279118  .377858
    aa45*|   .3179203   .0240201     5.94   0.000   .007257   .270842  .364999
    aa46*|    .318762   .0242373     5.50   0.000   .008708   .271258  .366266
reliab~y |   .0098431   .0165494     0.59   0.552   6.53266  -.022593  .042279
reliab~s*|   .3059611   .0589786     0.47   0.639   .014514   .190365  .421557
     dd2*|  -.0891993   .1818053    -0.51   0.611   .111756  -.445531  .267133
     dd3*|   .0254343   .1566288     0.16   0.873   .204644  -.281553  .332421
     dd4*|  -.0018866   .1650527    -0.01   0.991   .193033  -.325384  .321611
     dd5*|   .0865995   .1435687     0.57   0.568   .187228   -.19479  .367989
     dd6*|   .0049113   .1678407     0.03   0.977   .142235   -.32405  .333873
     dd7*|  -.0402981   .2037654    -0.20   0.839   .036284  -.439671  .359075
     dd8*|  -.1059148   .1857573    -0.59   0.552   .105951  -.469992  .258163
i_comp~e |  -.0058359   .0023239    -2.51   0.012   13.7971  -.010391 -.001281
i_comp~s*|  -.7120211   .0229264    -3.44   0.001   .005806  -.756956 -.667086
i_seni~y |  -.0787801   .0304032    -2.59   0.010   1.25254  -.138369 -.019191
i_seni~s*|  -.8148818    .042621    -2.50   0.013   .015965  -.898418 -.731346
duration |   .0006689   .0024321     0.27   0.783   43.6517  -.004098  .005436
durati~s*|  -.0664874   .4190968    -0.16   0.869   .020319  -.887902  .754927
   cc_fr*|  -.5571771     .17206    -2.51   0.012   .092888  -.894408 -.219946
   cc_ge*|  -.0695679   .1793814    -0.40   0.690     .1582  -.421149  .282013
   cc_it*|  -.7435711   .0891735    -3.23   0.001   .101597  -.918348 -.568794
   cc_po*|   .4888518    .060326     3.88   0.000   .091437   .370615  .607089
   cc_pt*|   .3079407   .0231026        .       .   .007257    .26266  .353221
   cc_sw*|   -.565531   .1855535    -2.30   0.021   .085631  -.929209 -.201853
   cc_uk*|  -.2721717   .1155012    -2.40   0.017   .261248   -.49855 -.045794
_Isi~202*|    .262257   .0644134     1.76   0.078   .014514   .136009  .388505
_Isi~204*|   .2428324   .1099323     1.09   0.276   .004354   .027369  .458296
_Isi~205*|   .1568843   .1356024     0.91   0.365   .014514  -.108892   .42266
_Isi~206*|   .2912475   .0279121     2.55   0.011   .007257   .236541  .345954
_Isi~207*|    .143975   .2077135     0.56   0.576   .004354  -.263136  .551086
_Isi~208*|   .2565684   .0662926     2.01   0.045   .036284   .126637  .386499
_Isi~209*|   .0287943   .1980458     0.14   0.887   .008708  -.359368  .416957
_Isi~225*|  -.1002631   .3246512    -0.32   0.746   .004354  -.736568  .536041
_Isi~227*|   .0132561   .2693991     0.05   0.961   .002903  -.514756  .541269
_Isi~228*|   .1906453   .1353511     0.98   0.328   .008708  -.074638  .455929
_Isi~232*|  -.1705053    .277893    -0.65   0.518   .014514  -.715166  .374155
_Isi~238*|  -.2314443    .273876    -0.88   0.380   .004354  -.768231  .305343
_Isi~243*|  -.0896941   .2598424    -0.36   0.718   .007257  -.598976  .419588
_Isi~249*|   -.042935   .2465251    -0.18   0.858   .004354  -.526115  .440245
_Isi~251*|   .2269639   .0852447     1.59   0.111   .020319   .059887   .39404
_Isi~252*|    -.23225   .3195135    -0.76   0.449   .008708  -.858485  .393985
_Isi~254*|   .2068104   .1458418     0.90   0.367   .002903  -.079034  .492655
_Isi~262*|   .2300452   .0849275     1.61   0.108   .023222    .06359    .3965
_Isi~265*|   .2628615   .0577329     2.07   0.038   .021771   .149707  .376016
_Isi~267*|   .1664402   .1155086     1.10   0.272   .011611  -.059953  .392833
_Isi~271*|  -.2344523   .3523362    -0.69   0.489   .004354  -.925019  .456114
_Isi~273*|    .168019   .1371896     0.93   0.352   .013062  -.100868  .436906
_Isi~275*|   .2596602   .0603696     2.07   0.039   .027576   .141338  .377982
_Isi~278*|   .1179865   .2092202     0.48   0.629   .002903  -.292078  .528051
_Isi~282*|    .057861   .1915188     0.29   0.775   .013062  -.317509  .433231
_Isi~283*|   .0209592   .1967975     0.10   0.917   .023222  -.364757  .406675
_Isi~284*|  -.1359082   .2298651    -0.62   0.533   .020319  -.586435  .314619
_Isi~285*|   .2346278   .1141353     1.10   0.269   .007257   .010927  .458329
_Isi~286*|  -.2077801    .282099    -0.77   0.441   .007257  -.760684  .345124
_Isi~287*|   .2843746   .0400896     2.12   0.034   .011611     .2058  .362949
_Isi~289*|   .1908955   .1330279     1.01   0.314   .014514  -.069834  .451625
_Isi~299*|  -.0192723   .3134275    -0.06   0.950   .007257  -.633579  .595034
_Isi~308*|   .1077258   .1329569     0.72   0.472   .047896  -.152865  .368317
_Isi~311*|   .2738407   .0510323     1.70   0.089   .004354   .173819  .373862
_Isi~323*|   .1522809   .1652468     0.73   0.467   .005806  -.171597  .476159
_Isi~326*|   .0945965   .2157731     0.39   0.695   .011611  -.328311  .517504
_Isi~327*|    .239621   .0805724     1.59   0.113   .011611   .081702   .39754
_Isi~331*|   .1154322   .1527345     0.65   0.513   .020319  -.183922  .414786
_Isi~332*|   .2188629   .0965613     1.38   0.167    .01016   .029606   .40812
_Isi~333*|   .1669332   .1627971     0.78   0.437   .013062  -.152143   .48601
_Isi~336*|   .2492904   .1072978     1.07   0.286   .005806    .03899   .45959
_Isi~341*|  -.2585333   .3883594    -0.69   0.493   .002903   -1.0197  .502637
_Isi~342*|  -.1917595   .2692944    -0.75   0.454   .007257  -.719567  .336048
_Isi~343*|  -.2353417   .2445168    -1.00   0.318   .004354  -.714586  .243902
_Isi~344*|   .2650724   .0500599     2.32   0.020   .017417   .166957  .363188
_Isi~345*|   .1767217    .142136     0.91   0.361   .013062   -.10186  .455303
_Isi~346*|   .1047554   .1701136     0.54   0.587   .017417  -.228661  .438172
_Isi~349*|   .2546542   .0671892     2.19   0.028   .059507   .122966  .386343
_Isi~352*|    .230786   .1165826     1.08   0.278   .004354   .002288  .459284
_Isi~353*|   .0380947   .1868111     0.20   0.844   .026125  -.328048  .404238
_Isi~354*|   .2420963   .0720834     1.83   0.068   .020319   .100815  .383377
_Isi~355*|   .2981652    .034954     2.99   0.003   .034833   .229657  .366674
_Isi~356*|   .2044586   .0969483     1.47   0.142   .043541   .014443  .394474
_Isi~357*|      .2232   .0966668     1.37   0.172    .01016   .033737  .412663
_Isi~362*|  -.0649012   .2224635    -0.30   0.762   .034833  -.500922  .371119
_Isi~363*|   .1876943   .1414203     0.94   0.349   .011611  -.089484  .464873
_Isi~364*|   .2190092   .1067469     1.25   0.210   .014514   .009789  .428229
_Isi~366*|   .0155362   .3409458     0.04   0.964   .008708  -.652705  .683778
_Isi~367*|   .2678699   .0554153     2.02   0.043   .020319   .159258  .376482
_Isi~369*|  -.4567859   .2803571    -1.39   0.166   .008708  -1.00628  .092704
_Isi~371*|   .0170917   .2192752     0.08   0.939    .03193   -.41268  .446863
_Isi~372*|   .2031945   .1014794     1.33   0.183   .014514   .004298   .40209
_Isi~373*|   .2281237   .0866627     1.52   0.128   .013062   .058268  .397979
_Isi~374*|    .105141   .1996308     0.46   0.644   .004354  -.286128   .49641
_Isi~381*|  -.0748038   .2870218    -0.27   0.786   .008708  -.637356  .487749
_Isi~382*|  -.2017744   .2934682    -0.72   0.470   .014514  -.776961  .373413
_Isi~384*|   .2829944   .0453873     1.76   0.079    .01016   .194037  .371952
_Isi~391*|   .2078865   .1427464     0.93   0.352   .007257  -.071891  .487664
_Isi~399*|   .2444821   .1132307     1.03   0.301   .002903   .022554   .46641
_Isi~671*|  -.3751687   .4093126    -0.87   0.385   .005806  -1.17741  .427069
---------+--------------------------------------------------------------------
  obs. P |   .6037736
 pred. P |   .7046384  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est3 stored)

. esttab using TableA6_marg.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(nostar fmt(3))) star(* 0.10 ** 0.05 *** 0.01) keep( w_erp_
> oth w_net lpcemp ln_N share ldegree_t) nogap margin
(note: file TableA6_marg.csv not found)
(output written to TableA6_marg.csv)

. 
. ********
. * Table A7 - Incentives
. ********
. 
. u ictorg, replace

. foreach y in 2 5 {
  2. cap drop lbonus`y'
  3. ge lbonus`y'=ln(1+bonus`y')
  4. ge lbonus`y'_c=lbonus`y'
  5. su lbonus`y'_c,d
  6. ge p1=r(p1)
  7. ge p99=r(p99)
  8. replace lbonus`y'_c=. if lbonus`y'_c<=p1
  9. replace lbonus`y'_c=. if lbonus`y'_c>=p99
 10. drop p1 p99
 11. replace bonus`y'=. if bonus2==-99
 12. ge bonus`y'_c=bonus2
 13. su bonus`y'_c,d
 14. ge p1=r(p1)
 15. ge p99=r(p99)
 16. replace bonus`y'_c=. if bonus`y'_c<=p1
 17. replace bonus`y'_c=. if bonus`y'_c>=p99
 18. drop p1 p99
 19. }
(118 missing values generated)
(118 missing values generated)

                          lbonus2_c
-------------------------------------------------------------
      Percentiles      Smallest
 1%            0              0
 5%            0              0
10%            0              0       Obs                1183
25%            0              0       Sum of Wgt.        1183

50%      .076961                      Mean           .0949186
                        Largest       Std. Dev.      .1192065
75%      .139762       .6931472
90%     .2231435       .6931472       Variance       .0142102
95%      .285179       .6931472       Skewness       2.328722
99%     .6931472       .6931472       Kurtosis       10.70883
(416 real changes made, 416 to missing)
(15 real changes made, 15 to missing)
(118 real changes made, 118 to missing)
(118 missing values generated)

                          bonus2_c
-------------------------------------------------------------
      Percentiles      Smallest
 1%            0              0
 5%            0              0
10%            0              0       Obs                1183
25%            0              0       Sum of Wgt.        1183

50%          .08                      Mean           .1082079
                        Largest       Std. Dev.      .1543706
75%          .15              1
90%          .25              1       Variance       .0238303
95%          .33              1       Skewness       3.196566
99%            1              1       Kurtosis       16.95302
(416 real changes made, 416 to missing)
(15 real changes made, 15 to missing)
(521 missing values generated)
(521 missing values generated)

                          lbonus5_c
-------------------------------------------------------------
      Percentiles      Smallest
 1%     .0487902       .0487902
 5%     .0487902       .0487902
10%     .0676586       .0487902       Obs                 780
25%     .0953102       .0487902       Sum of Wgt.         780

50%      .139762                      Mean           .1870393
                        Largest       Std. Dev.        .14202
75%     .2231435       .6931472
90%     .4054651       .6931472       Variance       .0201697
95%     .5306283       .6931472       Skewness       1.869769
99%     .6931472       .6931472       Kurtosis       6.529537
(59 real changes made, 59 to missing)
(24 real changes made, 24 to missing)
(0 real changes made)
(118 missing values generated)

                          bonus5_c
-------------------------------------------------------------
      Percentiles      Smallest
 1%            0              0
 5%            0              0
10%            0              0       Obs                1183
25%            0              0       Sum of Wgt.        1183

50%          .08                      Mean           .1082079
                        Largest       Std. Dev.      .1543706
75%          .15              1
90%          .25              1       Variance       .0238303
95%          .33              1       Skewness       3.196566
99%            1              1       Kurtosis       16.95302
(416 real changes made, 416 to missing)
(15 real changes made, 15 to missing)

. 
. 
. * As control variable
. cap drop bonus2m

. replace bonus2=-99 if bonus2==.
(118 real changes made)

. ge bonus2m=bonus2==-99

. cap drop bonus5m

. replace bonus5=-99 if bonus5==.
(521 real changes made)

. ge bonus5m=bonus5==-99

. 
. cap estimates drop *

. * Zorg
. eststo: areg zorg  w_erp_oth  w_net bonus2 bonus2m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if sa1==1, clu
> ster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  86,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3612
                                                  Adj R-squared   =     0.2053
                                                  Root MSE        =     0.8712

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1925976   .0870081     2.21   0.027     .0218471     .363348
           w_net |  -.1867776   .0903981    -2.07   0.039    -.3641809   -.0093743
          bonus2 |   .3854567   .2490984     1.55   0.122    -.1033906    .8743041
         bonus2m |   38.25081   24.69323     1.55   0.122    -10.20884    86.71046
          lpcemp |  -.0446254   .0452835    -0.99   0.325    -.1334928     .044242
         lpcempm |   -4.14204   4.434711    -0.93   0.351    -12.84501    4.560933
              yy |          0  (omitted)
       ldegree_t |   .1010505   .0325715     3.10   0.002       .03713    .1649709
   ldegree_tmiss |   .1504629   .1182293     1.27   0.203    -.0815582     .382484
                 |
            nobs |
              2  |  -.1029486    .290973    -0.35   0.724    -.6739736    .4680763
              3  |   .0014913   .2732215     0.01   0.996    -.5346968    .5376794
              4  |   .0214247   .3021847     0.07   0.943    -.5716028    .6144522
              5  |   .1909798   .2907283     0.66   0.511    -.3795648    .7615244
              6  |   .1762694   .2793049     0.63   0.528    -.3718571     .724396
              7  |   .4786791   .3838002     1.25   0.213    -.2745162    1.231874
                 |
            ln_N |   .0593762   .0426706     1.39   0.164    -.0243634    .1431158
       ln_N_miss |   5.600687   4.467327     1.25   0.210    -3.166294    14.36767
           share |   .1241478   .0473767     2.62   0.009     .0311726    .2171231
       sharemiss |   12.39851   4.655478     2.66   0.008      3.26229    21.53473
           MNE_f |     .18675   .0837835     2.23   0.026     .0223277    .3511723
           MNE_d |   .1552433   .0871679     1.78   0.075    -.0158208    .3263075
          onsite |  -.0821636   .0695496    -1.18   0.238    -.2186524    .0543253
         onsitem |  -8.118849   6.938598    -1.17   0.242    -21.73562     5.49792
             aa1 |  -1.161337   .5150437    -2.25   0.024    -2.172093   -.1505803
             aa2 |  -1.216344   .3110236    -3.91   0.000    -1.826717   -.6059703
             aa3 |  -1.458481   .3666109    -3.98   0.000    -2.177942   -.7390189
             aa4 |  -2.069861   .4796305    -4.32   0.000     -3.01112   -1.128602
             aa5 |  -1.199613   .3311794    -3.62   0.000    -1.849542   -.5496846
             aa6 |  -.7790011   .3449549    -2.26   0.024    -1.455964   -.1020384
             aa7 |  -1.345551   .4872652    -2.76   0.006    -2.301793   -.3893093
             aa8 |  -1.354331   .2499704    -5.42   0.000    -1.844889   -.8637721
             aa9 |  -.3074079   .3874775    -0.79   0.428     -1.06782    .4530037
            aa10 |  -1.083772   .2753429    -3.94   0.000    -1.624124   -.5434211
            aa11 |          0  (omitted)
            aa12 |  -1.658213   .4166107    -3.98   0.000    -2.475798    -.840628
            aa13 |  -.8517779   .3195586    -2.67   0.008    -1.478901   -.2246547
            aa14 |  -.4966421   .2820101    -1.76   0.079    -1.050078    .0567934
            aa15 |  -1.689371   .3602281    -4.69   0.000    -2.396306   -.9824347
            aa16 |  -1.301714   .2828163    -4.60   0.000    -1.856732   -.7466967
            aa17 |  -1.192395   .5564278    -2.14   0.032    -2.284366   -.1004239
            aa18 |          0  (omitted)
            aa19 |  -.6685213   .2602815    -2.57   0.010    -1.179315   -.1577274
            aa20 |   -1.21026    .342265    -3.54   0.000    -1.881944   -.5385762
            aa21 |  -.2674648    .573813    -0.47   0.641    -1.393554    .8586242
            aa22 |  -2.801215   .3757865    -7.45   0.000    -3.538684   -2.063746
            aa23 |    -1.2233   .3736646    -3.27   0.001    -1.956604   -.4899956
            aa24 |   -.587432   .4762756    -1.23   0.218    -1.522107     .347243
            aa25 |  -1.935639   .4789555    -4.04   0.000    -2.875573   -.9957048
            aa26 |  -.9008656   .2502987    -3.60   0.000    -1.392069   -.4096626
            aa27 |  -.8875794   .2762559    -3.21   0.001    -1.429722   -.3454364
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1583391   .3631083     0.44   0.663     -.554249    .8709272
            aa31 |  -1.054144   .3103136    -3.40   0.001    -1.663124   -.4451635
            aa32 |  -1.880059   .3805592    -4.94   0.000    -2.626894   -1.133225
            aa33 |          0  (omitted)
            aa34 |   -.628152   .3150533    -1.99   0.046    -1.246434   -.0098704
            aa35 |  -.8369283    .240273    -3.48   0.001    -1.308456   -.3654005
            aa36 |  -.8206154   .5478008    -1.50   0.134    -1.895656    .2544256
            aa37 |          0  (omitted)
            aa38 |  -1.010917    .426636    -2.37   0.018    -1.848176    -.173658
            aa39 |  -.5061555   .2909799    -1.74   0.082    -1.077194     .064883
            aa40 |  -1.032415   .5453694    -1.89   0.059    -2.102685    .0378539
            aa41 |  -.7842522   .4338338    -1.81   0.071    -1.635637    .0671322
            aa42 |          0  (omitted)
            aa43 |  -1.289977   .3288409    -3.92   0.000    -1.935316   -.6446376
            aa44 |  -.6565264   .3605557    -1.82   0.069    -1.364105    .0510523
            aa45 |  -.1982248   .4331455    -0.46   0.647    -1.048258    .6518089
            aa46 |  -.6415389   .4360191    -1.47   0.142    -1.497212    .2141342
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0533951   .0255172     2.09   0.037     .0033185    .1034717
 reliabilitymiss |   5.933538   2.799473     2.12   0.034     .4396635    11.42741
             dd1 |  -.0914585   .2246009    -0.41   0.684    -.5322303    .3493133
             dd2 |  -.0296457   .1574725    -0.19   0.851    -.3386803    .2793889
             dd3 |   .2113703   .1405487     1.50   0.133    -.0644517    .4871924
             dd4 |   .0751503   .1391777     0.54   0.589    -.1979813    .3482818
             dd5 |  -.0611791   .1371094    -0.45   0.656    -.3302518    .2078935
             dd6 |  -.0207938   .1428027    -0.15   0.884    -.3010394    .2594517
             dd7 |   .0906195   .1774254     0.51   0.610    -.2575719    .4388109
             dd8 |          0  (omitted)
    i_comptenure |  -.0057857   .0031468    -1.84   0.066    -.0119611    .0003898
i_comptenuremiss |  -.6594807    .428663    -1.54   0.124    -1.500718    .1817562
     i_seniority |   .0413105   .0447424     0.92   0.356    -.0464951     .129116
 i_senioritymiss |   4.108316   4.571465     0.90   0.369    -4.863033    13.07966
        duration |  -.0024126   .0029861    -0.81   0.419    -.0082728    .0034476
    durationmiss |   .1157731   .5273933     0.22   0.826    -.9192188    1.150765
          zcount |   .0289279   .1867898     0.15   0.877    -.3376409    .3954968
         zcount4 |   .5146984   .3815024     1.35   0.178    -.2339873    1.263384
         zcount5 |    .318133   .2199825     1.45   0.148    -.1135754    .7498414
         zcount6 |   .2917914   .3563256     0.82   0.413    -.4074857    .9910685
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1243746   .2992045    -0.42   0.678    -.7115535    .4628042
           cc_ge |  -.5265468   .2237886    -2.35   0.019    -.9657245   -.0873691
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4184772   .3884841     1.08   0.282      -.34391    1.180864
           cc_jp |          0  (omitted)
           cc_po |  -.7632317   .5108674    -1.49   0.136    -1.765792    .2393286
           cc_pt |   -.393182   .3973067    -0.99   0.323    -1.172883    .3865194
           cc_sw |   .2538487   .3060637     0.83   0.407    -.3467912    .8544885
           cc_uk |   .1348359   .1463246     0.92   0.357    -.1523213    .4219931
           _cons |   .0097601   .9348023     0.01   0.992    -1.824758    1.844279
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est1 stored)

. * Pace
. eststo: xi: probit pace  w_workstation w_net bonus2 bonus2m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic  if sa3
> ==1, cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: yy omitted because of collinearity
note: onsitem omitted because of collinearity
note: aa1 omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa4 omitted because of collinearity
note: aa7 omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa12 omitted because of collinearity
note: aa13 omitted because of collinearity
note: aa17 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa20 omitted because of collinearity
note: aa22 omitted because of collinearity
note: aa24 omitted because of collinearity
note: aa27 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa34 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa41 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa44 omitted because of collinearity
note: aa45 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: i_comptenuremiss omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_203 omitted because of collinearity
note: _Isic_204 omitted because of collinearity
note: _Isic_207 omitted because of collinearity
note: _Isic_208 omitted because of collinearity
note: _Isic_209 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_214 omitted because of collinearity
note: _Isic_225 omitted because of collinearity
note: _Isic_226 omitted because of collinearity
note: _Isic_227 omitted because of collinearity
note: _Isic_233 omitted because of collinearity
note: _Isic_235 omitted because of collinearity
note: _Isic_238 omitted because of collinearity
note: _Isic_239 omitted because of collinearity
note: _Isic_242 omitted because of collinearity
note: _Isic_243 omitted because of collinearity
note: _Isic_245 omitted because of collinearity
note: _Isic_249 omitted because of collinearity
note: _Isic_252 omitted because of collinearity
note: _Isic_261 omitted because of collinearity
note: _Isic_271 omitted because of collinearity
note: _Isic_272 omitted because of collinearity
note: _Isic_278 omitted because of collinearity
note: _Isic_281 omitted because of collinearity
note: _Isic_283 omitted because of collinearity
note: _Isic_284 omitted because of collinearity
note: _Isic_301 omitted because of collinearity
note: _Isic_302 omitted because of collinearity
note: _Isic_305 omitted because of collinearity
note: _Isic_311 omitted because of collinearity
note: _Isic_321 omitted because of collinearity
note: _Isic_322 omitted because of collinearity
note: _Isic_324 omitted because of collinearity
note: _Isic_325 omitted because of collinearity
note: _Isic_327 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_329 omitted because of collinearity
note: _Isic_332 omitted because of collinearity
note: _Isic_334 omitted because of collinearity
note: _Isic_335 omitted because of collinearity
note: _Isic_336 omitted because of collinearity
note: _Isic_339 omitted because of collinearity
note: _Isic_341 omitted because of collinearity
note: _Isic_343 omitted because of collinearity
note: _Isic_345 omitted because of collinearity
note: _Isic_346 omitted because of collinearity
note: _Isic_348 omitted because of collinearity
note: _Isic_351 omitted because of collinearity
note: _Isic_353 omitted because of collinearity
note: _Isic_358 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_361 omitted because of collinearity
note: _Isic_365 omitted because of collinearity
note: _Isic_367 omitted because of collinearity
note: _Isic_373 omitted because of collinearity
note: _Isic_375 omitted because of collinearity
note: _Isic_379 omitted because of collinearity
note: _Isic_382 omitted because of collinearity
note: _Isic_391 omitted because of collinearity
note: _Isic_394 omitted because of collinearity
note: _Isic_395 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood = -195.13987  
Iteration 2:   log pseudolikelihood = -188.11966  
Iteration 3:   log pseudolikelihood = -187.77629  
Iteration 4:   log pseudolikelihood = -187.72655  
Iteration 5:   log pseudolikelihood = -187.72087  
Iteration 6:   log pseudolikelihood = -187.71982  
Iteration 7:   log pseudolikelihood = -187.71961  
Iteration 8:   log pseudolikelihood = -187.71957  
Iteration 9:   log pseudolikelihood = -187.71956  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(111)  =    2835.26
                                                  Prob > chi2     =     0.0000
Log pseudolikelihood = -187.71956                 Pseudo R2       =     0.3142

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .9082618   .4023557     2.26   0.024      .119659    1.696865
           w_net |  -.3820071   .2268992    -1.68   0.092    -.8267214    .0627072
          bonus2 |  -1.120682   .7557388    -1.48   0.138    -2.601903    .3605387
         bonus2m |  -110.9666    74.8996    -1.48   0.138    -257.7671     35.8339
          lpcemp |   .1851186   .1259479     1.47   0.142    -.0617348     .431972
         lpcempm |   19.00719   12.32605     1.54   0.123    -5.151418     43.1658
              yy |          0  (omitted)
       ldegree_t |   .2912312    .096296     3.02   0.002     .1024945     .479968
   ldegree_tmiss |   .5813057   .3272758     1.78   0.076     -.060143    1.222754
        _Inobs_2 |  -5.052872   .9805219    -5.15   0.000    -6.974659   -3.131084
        _Inobs_3 |  -.7400372   .6677751    -1.11   0.268    -2.048852    .5687778
        _Inobs_4 |  -1.001819   .5731564    -1.75   0.080    -2.125185    .1215464
        _Inobs_5 |   .1826189   .4374098     0.42   0.676    -.6746885    1.039926
        _Inobs_6 |  -.0140516   .3835691    -0.04   0.971    -.7658332    .7377299
        _Inobs_7 |   .2098207   .5356469     0.39   0.695    -.8400279    1.259669
            ln_N |   .0553658   .0984369     0.56   0.574     -.137567    .2482987
       ln_N_miss |   5.753672   10.29174     0.56   0.576    -14.41776    25.92511
           share |  -.0079513   .1279668    -0.06   0.950    -.2587615     .242859
       sharemiss |  -.7789779   12.61899    -0.06   0.951    -25.51174    23.95379
           MNE_f |   .3563429   .2227246     1.60   0.110    -.0801893    .7928751
           MNE_d |   .2413334   .2167424     1.11   0.266     -.183474    .6661407
          onsite |  -.0207081   .1598099    -0.13   0.897    -.3339297    .2925135
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.8584797   .8010259    -1.07   0.284    -2.428462    .7115021
             aa4 |          0  (omitted)
             aa5 |  -1.740708   .5792384    -3.01   0.003    -2.875994   -.6054215
             aa6 |  -1.326804   .6396514    -2.07   0.038    -2.580498   -.0731107
             aa7 |          0  (omitted)
             aa8 |  -2.030801   .6133315    -3.31   0.001    -3.232909   -.8286939
             aa9 |          0  (omitted)
            aa10 |   .3548392   .5879279     0.60   0.546    -.7974783    1.507157
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.009652    .632651    -3.18   0.001    -3.249625   -.7696788
            aa15 |  -.9322562   .9086038    -1.03   0.305    -2.713087    .8485745
            aa16 |   -1.92528   .6075008    -3.17   0.002     -3.11596   -.7346008
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.9782549   .6444054    -1.52   0.129    -2.241266    .2847564
            aa20 |          0  (omitted)
            aa21 |   -.081281   .7930826    -0.10   0.918    -1.635694    1.473132
            aa22 |          0  (omitted)
            aa23 |  -2.713414   .6642842    -4.08   0.000    -4.015387   -1.411441
            aa24 |          0  (omitted)
            aa25 |  -4.871123   1.142306    -4.26   0.000    -7.110002   -2.632244
            aa26 |  -2.522646   .7244282    -3.48   0.000    -3.942499   -1.102793
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.861678   .6941467    -2.68   0.007    -3.222181   -.5011759
            aa32 |  -.3197199   .6140867    -0.52   0.603    -1.523308    .8838679
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.619866   .5196821    -3.12   0.002    -2.638424   -.6013081
            aa36 |   5.488003    .729371     7.52   0.000     4.058462    6.917544
            aa37 |          0  (omitted)
            aa38 |  -1.039606   .8303283    -1.25   0.211     -2.66702    .5878074
            aa39 |  -2.062096   .6385081    -3.23   0.001    -3.313548   -.8106427
            aa40 |   .7446866   .7848985     0.95   0.343    -.7936862    2.283059
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   -.073125   .0606789    -1.21   0.228    -.1920535    .0458035
 reliabilitymiss |  -6.868097   6.748132    -1.02   0.309    -20.09419    6.357999
             dd1 |  -.0705301   .4171276    -0.17   0.866    -.8880853     .747025
             dd2 |  -.3234543   .3057943    -1.06   0.290    -.9228001    .2758914
             dd3 |  -.3676968   .3074244    -1.20   0.232    -.9702376    .2348439
             dd4 |   -.287245   .2960644    -0.97   0.332    -.8675206    .2930306
             dd5 |  -.3798392   .2641661    -1.44   0.150    -.8975953    .1379169
             dd6 |   -.780402   .3156474    -2.47   0.013    -1.399059   -.1617446
             dd7 |   .4953635   .5064467     0.98   0.328    -.4972538    1.487981
             dd8 |          0  (omitted)
    i_comptenure |   .0029428   .0068052     0.43   0.665    -.0103952    .0162808
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.1111716   .0949298    -1.17   0.242    -.2972306    .0748875
 i_senioritymiss |  -11.77642   9.679366    -1.22   0.224    -30.74763    7.194792
        duration |   -.004269   .0071097    -0.60   0.548    -.0182038    .0096659
    durationmiss |  -.7692666   1.348196    -0.57   0.568    -3.411683     1.87315
           cc_cn |          0  (omitted)
           cc_fr |   -.074112   .8064724    -0.09   0.927    -1.654769    1.506545
           cc_ge |   .6074256   .5771814     1.05   0.293    -.5238292     1.73868
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.115915   1.178096     3.49   0.000      1.80689     6.42494
           cc_jp |          0  (omitted)
           cc_po |  -5.650387   .9404666    -6.01   0.000    -7.493668   -3.807106
           cc_pt |          0  (omitted)
           cc_sw |   1.791614   .5785207     3.10   0.002     .6577339    2.925493
           cc_uk |   .2294844   .3683459     0.62   0.533    -.4924603     .951429
       _Isic_202 |  -.3038451    .648987    -0.47   0.640    -1.575836    .9681461
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0530933   .6624311     0.08   0.936    -1.245248    1.351434
       _Isic_206 |  -.1277737   .8552273    -0.15   0.881    -1.803988    1.548441
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .8260952   .9770652     0.85   0.398    -1.088917    2.741108
       _Isic_224 |   .4012707   .8122166     0.49   0.621    -1.190645    1.993186
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |   .1506972   .6691608     0.23   0.822    -1.160834    1.462228
       _Isic_229 |  -.7836965   .7259625    -1.08   0.280    -2.206557     .639164
       _Isic_232 |  -.3319176   .7838587    -0.42   0.672    -1.868252    1.204417
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |    .476633   .7451127     0.64   0.522    -.9837612    1.937027
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.484029   .9959868     1.49   0.136    -.4680691    3.436127
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .2141653   .5382956     0.40   0.691    -.8408747    1.269205
       _Isic_265 |  -.6040585   .6219041    -0.97   0.331    -1.822968    .6148512
       _Isic_267 |  -.8146438    .653262    -1.25   0.212    -2.095014    .4657261
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.2455798   .7988772    -0.31   0.759     -1.81135    1.320191
       _Isic_274 |   1.996923   1.013912     1.97   0.049     .0096914    3.984154
       _Isic_275 |  -.5006408   .5692533    -0.88   0.379    -1.616357    .6150752
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.758471   1.033342     1.70   0.089    -.2668417    3.783783
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.239925   .7112607    -1.74   0.081     -2.63397    .1541204
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |   -1.50059   .7188917    -2.09   0.037    -2.909591   -.0915877
       _Isic_286 |  -.7987331   .7043842    -1.13   0.257    -2.179301    .5818346
       _Isic_287 |  -.5211082   .6731478    -0.77   0.439    -1.840454    .7982374
       _Isic_289 |  -.4257917    .581026    -0.73   0.464    -1.564582    .7129983
       _Isic_299 |  -.3372243   .7707236    -0.44   0.662    -1.847815    1.173366
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |   .0755009   .6444764     0.12   0.907     -1.18765    1.338651
       _Isic_308 |  -.2340243   .4995694    -0.47   0.639    -1.213162    .7451138
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |  -.2376103   .9226973    -0.26   0.797    -2.046064    1.570843
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.1321673   .8267788    -0.16   0.873    -1.752624    1.488289
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.3939283    .606442    -0.65   0.516    -1.582533    .7946763
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.6021939   .6759841    -0.89   0.373    -1.927098    .7227106
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |   .3443301   .9618207     0.36   0.720    -1.540804    2.229464
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.0327428   .6092848    -0.05   0.957    -1.226919    1.161434
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.742567   1.173056     5.75   0.000      4.44342    9.041714
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.8544076   .5273303    -1.62   0.105    -1.887956    .1791407
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.2199458   .7384572    -0.30   0.766    -1.667295    1.227404
       _Isic_353 |          0  (omitted)
       _Isic_354 |  -1.374398    .757434    -1.81   0.070    -2.858942     .110145
       _Isic_355 |   -.752614   .5446062    -1.38   0.167    -1.820023    .3147946
       _Isic_356 |  -.7233117   .5318609    -1.36   0.174     -1.76574    .3191165
       _Isic_357 |  -.6658489   .8569082    -0.78   0.437    -2.345358     1.01366
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |  -.7322234   .5399453    -1.36   0.175    -1.790497      .32605
       _Isic_363 |   -1.10084   .7887236    -1.40   0.163     -2.64671    .4450303
       _Isic_364 |  -1.015482   .6359239    -1.60   0.110     -2.26187    .2309058
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .0381956   .5910616     0.06   0.948    -1.120264    1.196655
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -.8899873   .6522365    -1.36   0.172    -2.168347    .3883728
       _Isic_371 |  -1.297995   .6176386    -2.10   0.036    -2.508545   -.0874461
       _Isic_372 |  -1.057715   .9408858    -1.12   0.261    -2.901817    .7863873
       _Isic_373 |          0  (omitted)
       _Isic_374 |  -.4277885   .8543511    -0.50   0.617    -2.102286    1.246709
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.6293525   .7125736    -0.88   0.377    -2.025971    .7672661
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.5488856   .6515453    -0.84   0.400    -1.825891    .7281198
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |   -.789164   .8241265    -0.96   0.338    -2.404422    .8260943
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .6087842   .8028888     0.76   0.448    -.9648489    2.182417
           _cons |   .7917457   1.178262     0.67   0.502    -1.517606    3.101097
----------------------------------------------------------------------------------
Note: 9 failures and 0 successes completely determined.
(est2 stored)

. * PM span 
. eststo: areg lspa  w_workstation    w_net bonus2 bonus2m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* if levels_ceopm>
> 0& sa4==1 , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  81,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2123
                                                  Adj R-squared   =     0.0045
                                                  Root MSE        =     0.5247

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2386094    .118538     2.01   0.044     .0059509    .4712679
           w_net |  -.0170925    .058007    -0.29   0.768    -.1309448    .0967598
          bonus2 |   .1520803   .1436456     1.06   0.290    -.1298576    .4340181
         bonus2m |   15.07873   14.23717     1.06   0.290    -12.86503    43.02248
          lpcemp |   .0054074   .0302837     0.18   0.858    -.0540315    .0648462
         lpcempm |   .6278497   2.981708     0.21   0.833    -5.224446    6.480145
              yy |          0  (omitted)
       ldegree_t |   .0405411   .0230637     1.76   0.079    -.0047268    .0858089
   ldegree_tmiss |   .1848112   .0823325     2.24   0.025     .0232145    .3464078
                 |
            nobs |
              2  |  -.0329708   .1877424    -0.18   0.861    -.4014589    .3355173
              3  |  -.0296073   .1916665    -0.15   0.877    -.4057974    .3465828
              4  |   .0846211   .1742937     0.49   0.627    -.2574708     .426713
              5  |  -.0103515    .151615    -0.07   0.946    -.3079312    .2872281
              6  |   .0191761   .1439049     0.13   0.894    -.2632707    .3016229
              7  |  -.0141871   .1824647    -0.08   0.938    -.3723165    .3439423
                 |
            ln_N |   .0576502    .026567     2.17   0.030     .0055062    .1097941
       ln_N_miss |    11.4344   5.458084     2.09   0.036     .7216381    22.14716
           share |   .0515809   .0334591     1.54   0.124    -.0140904    .1172521
       sharemiss |          0  (omitted)
           MNE_f |   .0264875   .0565784     0.47   0.640    -.0845609    .1375358
           MNE_d |   .0658355   .0573646     1.15   0.251    -.0467558    .1784268
          onsite |   .0115972   .0467307     0.25   0.804    -.0801227    .1033171
         onsitem |   1.109839   4.651805     0.24   0.811    -8.020411    10.24009
             aa1 |   -.009813   .2435012    -0.04   0.968    -.4877408    .4681149
             aa2 |   .8408094   .2265582     3.71   0.000     .3961363    1.285483
             aa3 |   -.251101   .3017812    -0.83   0.406    -.8434168    .3412148
             aa4 |   .4931505   .4807849     1.03   0.305    -.4505017    1.436803
             aa5 |    .150426   .2072369     0.73   0.468    -.2563246    .5571766
             aa6 |  -.1407242   .1935503    -0.73   0.467    -.5206117    .2391632
             aa7 |  -.4409221   .3712114    -1.19   0.235    -1.169511    .2876666
             aa8 |  -.1220548   .1614965    -0.76   0.450    -.4390292    .1949196
             aa9 |   .2357586   .2230918     1.06   0.291     -.202111    .6736282
            aa10 |  -.3706722   .1753496    -2.11   0.035    -.7148365   -.0265079
            aa11 |          0  (omitted)
            aa12 |   .3582093   .4131773     0.87   0.386    -.4527474    1.169166
            aa13 |   .2598213   .2614808     0.99   0.321    -.2533956    .7730383
            aa14 |  -.1375051   .1870598    -0.74   0.462    -.5046535    .2296433
            aa15 |  -.3368138   .2257176    -1.49   0.136    -.7798372    .1062096
            aa16 |  -.1015221   .1758241    -0.58   0.564    -.4466178    .2435736
            aa17 |  -.0469287   .2823649    -0.17   0.868    -.6011355     .507278
            aa18 |          0  (omitted)
            aa19 |  -.0463877   .1615178    -0.29   0.774    -.3634039    .2706285
            aa20 |    .026086    .243478     0.11   0.915    -.4517963    .5039684
            aa21 |  -.4243484   .3114665    -1.36   0.173    -1.035674    .1869771
            aa22 |   .4633977   .2140003     2.17   0.031     .0433722    .8834231
            aa23 |   .0270732    .190831     0.14   0.887    -.3474771    .4016236
            aa24 |   -.193455   .3536958    -0.55   0.585    -.8876654    .5007553
            aa25 |   .0646698   .3957525     0.16   0.870    -.7120865    .8414262
            aa26 |  -.0181119   .1543321    -0.12   0.907    -.3210246    .2848009
            aa27 |   .0373834   .2186347     0.17   0.864    -.3917382    .4665049
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.262256   .2196346     5.75   0.000     .8311723     1.69334
            aa31 |   .0178607   .1883868     0.09   0.924    -.3518922    .3876137
            aa32 |  -.3649134   .3100876    -1.18   0.240    -.9735324    .2437056
            aa33 |          0  (omitted)
            aa34 |  -.3673071   .2164525    -1.70   0.090    -.7921456    .0575313
            aa35 |  -.1201122   .1560729    -0.77   0.442    -.4264416    .1862171
            aa36 |  -.0381681   .2759184    -0.14   0.890    -.5797221    .5033859
            aa37 |          0  (omitted)
            aa38 |   .0933657   .2103118     0.44   0.657    -.3194202    .5061515
            aa39 |  -.0197369   .1898086    -0.10   0.917    -.3922805    .3528067
            aa40 |   .0100971   .2201439     0.05   0.963    -.4219865    .4421807
            aa41 |  -.6034297   .3031099    -1.99   0.047    -1.198353   -.0085059
            aa42 |          0  (omitted)
            aa43 |   .0494883   .1800092     0.27   0.783    -.3038217    .4027983
            aa44 |  -.3824645   .2001524    -1.91   0.056    -.7753103    .0103812
            aa45 |  -.0710762   .2543057    -0.28   0.780    -.5702103    .4280579
            aa46 |  -.1263672   .2463787    -0.51   0.608    -.6099427    .3572083
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0133893   .0156403     0.86   0.392    -.0173086    .0440871
 reliabilitymiss |   2.294161   1.717818     1.34   0.182    -1.077456    5.665778
             dd1 |  -.0764051   .1569037    -0.49   0.626    -.3843652     .231555
             dd2 |  -.0466796   .0830076    -0.56   0.574    -.2096012    .1162421
             dd3 |   .0358791   .0794235     0.45   0.652     -.120008    .1917662
             dd4 |  -.0279713   .0743997    -0.38   0.707    -.1739979    .1180554
             dd5 |  -.0366378    .075191    -0.49   0.626    -.1842176     .110942
             dd6 |  -.0178422   .0821409    -0.22   0.828    -.1790629    .1433785
             dd7 |  -.1825642   .1158816    -1.58   0.116    -.4100087    .0448804
             dd8 |          0  (omitted)
    i_comptenure |  -.0014043   .0019469    -0.72   0.471    -.0052256    .0024171
i_comptenuremiss |  -.6017008   .2852131    -2.11   0.035    -1.161498   -.0419037
     i_seniority |  -.0262533    .027836    -0.94   0.346    -.0808879    .0283814
 i_senioritymiss |  -2.754981   2.848659    -0.97   0.334    -8.346137    2.836175
        duration |  -.0051623   .0018936    -2.73   0.007     -.008879   -.0014457
    durationmiss |  -1.004953   .3231681    -3.11   0.002    -1.639246   -.3706606
           cc_cn |          0  (omitted)
           cc_fr |   .0336529   .1647776     0.20   0.838    -.2897614    .3570673
           cc_ge |   .0233319   .1268491     0.18   0.854     -.225639    .2723029
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3641983   .3878283    -0.94   0.348    -1.125401    .3970049
           cc_jp |          0  (omitted)
           cc_po |  -.0307951   .2647043    -0.12   0.907    -.5503389    .4887487
           cc_pt |   .6660314    .275597     2.42   0.016     .1251082    1.206955
           cc_sw |   .0554907   .1490204     0.37   0.710    -.2369964    .3479779
           cc_uk |  -.0725512   .0864946    -0.84   0.402     -.242317    .0972145
           _cons |   1.758208   .3557498     4.94   0.000     1.059966     2.45645
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est3 stored)

. 
. * Zorg
. eststo: areg zorg  w_erp_oth  w_net bonus5 bonus5m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if sa1==1, clu
> ster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  86,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3588
                                                  Adj R-squared   =     0.2024
                                                  Root MSE        =     0.8728

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1885516   .0867882     2.17   0.030     .0182327    .3588706
           w_net |  -.1862909    .090644    -2.06   0.040    -.3641768    -.008405
          bonus5 |  -.0603418   .2207154    -0.27   0.785    -.4934883    .3728048
         bonus5m |  -6.032452   21.89654    -0.28   0.783    -49.00368    36.93877
          lpcemp |   -.041472   .0455818    -0.91   0.363    -.1309248    .0479807
         lpcempm |   -3.84557   4.469908    -0.86   0.390    -12.61762    4.926477
              yy |          0  (omitted)
       ldegree_t |   .1034577   .0324895     3.18   0.001     .0396982    .1672173
   ldegree_tmiss |   .1600428   .1189816     1.35   0.179    -.0734547    .3935403
                 |
            nobs |
              2  |  -.1148455   .3040781    -0.38   0.706    -.7115887    .4818978
              3  |   -.033004   .2903576    -0.11   0.910    -.6028213    .5368132
              4  |  -.0155535   .3130695    -0.05   0.960    -.6299421     .598835
              5  |   .1756106    .300946     0.58   0.560    -.4149861    .7662072
              6  |    .156125   .2903818     0.54   0.591    -.4137396    .7259897
              7  |   .4807541    .388123     1.24   0.216    -.2809245    1.242433
                 |
            ln_N |   .0651051   .0426874     1.53   0.128    -.0186675    .1488778
       ln_N_miss |   6.207947   4.472427     1.39   0.165    -2.569043    14.98494
           share |   .1272026   .0477076     2.67   0.008      .033578    .2208272
       sharemiss |    12.7204   4.686879     2.71   0.007     3.522561    21.91825
           MNE_f |   .1811755    .084101     2.15   0.031       .01613    .3462209
           MNE_d |   .1506934   .0876644     1.72   0.086    -.0213451    .3227318
          onsite |  -.0865176   .0697911    -1.24   0.215    -.2234804    .0504451
         onsitem |  -8.551676   6.961685    -1.23   0.220    -22.21375    5.110402
             aa1 |  -1.048318   .5443224    -1.93   0.054    -2.116533    .0198969
             aa2 |  -1.214308   .3155496    -3.85   0.000    -1.833563    -.595052
             aa3 |  -1.430429    .371679    -3.85   0.000    -2.159837   -.7010214
             aa4 |  -2.042315    .487549    -4.19   0.000    -2.999114   -1.085516
             aa5 |  -1.124842   .3364151    -3.34   0.001    -1.785045    -.464638
             aa6 |  -.7093479   .3501198    -2.03   0.043    -1.396446   -.0222494
             aa7 |  -1.276915   .4977986    -2.57   0.010    -2.253828   -.3000014
             aa8 |  -1.300842   .2551187    -5.10   0.000    -1.801504   -.8001803
             aa9 |  -.3113512   .3904508    -0.80   0.425    -1.077598    .4548955
            aa10 |  -.9927906   .2800294    -3.55   0.000    -1.542339   -.4432421
            aa11 |          0  (omitted)
            aa12 |  -1.598356   .4252357    -3.76   0.000    -2.432867    -.763845
            aa13 |  -.7970576   .3268839    -2.44   0.015    -1.438556   -.1555588
            aa14 |  -.4221852    .284654    -1.48   0.138    -.9808093    .1364388
            aa15 |  -1.620625   .3699948    -4.38   0.000    -2.346728   -.8945226
            aa16 |  -1.252817   .2877194    -4.35   0.000    -1.817457   -.6881768
            aa17 |  -1.085708    .584759    -1.86   0.064    -2.233278    .0618624
            aa18 |          0  (omitted)
            aa19 |  -.6342694   .2636572    -2.41   0.016    -1.151688   -.1168509
            aa20 |  -1.160722   .3466639    -3.35   0.001    -1.841039   -.4804058
            aa21 |  -.1833839   .5801959    -0.32   0.752    -1.321999    .9552312
            aa22 |   -2.70568   .3881261    -6.97   0.000    -3.467365   -1.943996
            aa23 |  -1.137147   .3749421    -3.03   0.002    -1.872958   -.4013353
            aa24 |  -.5214316   .4748575    -1.10   0.272    -1.453324    .4104604
            aa25 |  -1.879774    .497429    -3.78   0.000    -2.855962    -.903586
            aa26 |  -.8544802   .2525306    -3.38   0.001    -1.350063   -.3588973
            aa27 |  -.8080353   .2817476    -2.87   0.004    -1.360956   -.2551148
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1300256    .365104     0.36   0.722    -.5864788      .84653
            aa31 |   -.980172   .3214195    -3.05   0.002    -1.610947   -.3493969
            aa32 |  -1.852059   .3924265    -4.72   0.000    -2.622183   -1.081935
            aa33 |          0  (omitted)
            aa34 |   -.515412   .3248402    -1.59   0.113      -1.1529    .1220761
            aa35 |   -.749366   .2476691    -3.03   0.003    -1.235408   -.2633236
            aa36 |  -.6958489   .5805433    -1.20   0.231    -1.835146    .4434482
            aa37 |          0  (omitted)
            aa38 |  -.9447681   .4367466    -2.16   0.031    -1.801869   -.0876673
            aa39 |  -.4468138   .2938243    -1.52   0.129    -1.023434    .1298067
            aa40 |  -.9764605    .546009    -1.79   0.074    -2.047985    .0950641
            aa41 |  -.7104668   .4382573    -1.62   0.105    -1.570532    .1495987
            aa42 |          0  (omitted)
            aa43 |  -1.247376   .3336857    -3.74   0.000    -1.902223   -.5925288
            aa44 |  -.6151056   .3680327    -1.67   0.095    -1.337357    .1071463
            aa45 |  -.1651772   .4401304    -0.38   0.708    -1.028918    .6985641
            aa46 |   -.562226   .4464428    -1.26   0.208    -1.438355    .3139032
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0497314   .0256203     1.94   0.053    -.0005476    .1000105
 reliabilitymiss |   5.553944   2.801152     1.98   0.048     .0567755    11.05111
             dd1 |  -.0929741   .2282264    -0.41   0.684    -.5408608    .3549126
             dd2 |  -.0246743   .1570134    -0.16   0.875    -.3328079    .2834594
             dd3 |   .2057042   .1404244     1.46   0.143     -.069874    .4812823
             dd4 |   .0725458   .1384265     0.52   0.600    -.1991117    .3442033
             dd5 |  -.0566742   .1358958    -0.42   0.677    -.3233652    .2100168
             dd6 |  -.0314301   .1421759    -0.22   0.825    -.3104456    .2475855
             dd7 |   .0990417   .1800631     0.55   0.582    -.2543262    .4524096
             dd8 |          0  (omitted)
    i_comptenure |  -.0061741   .0031701    -1.95   0.052    -.0123952    .0000471
i_comptenuremiss |   -.748007   .4289189    -1.74   0.081    -1.589746     .093732
     i_seniority |    .025935   .0442784     0.59   0.558    -.0609599    .1128299
 i_senioritymiss |   2.555977   4.522274     0.57   0.572    -6.318835    11.43079
        duration |  -.0021402   .0030386    -0.70   0.481    -.0081033     .003823
    durationmiss |   .1572466   .5374052     0.29   0.770    -.8973934    1.211887
          zcount |   .0092729   .1873549     0.05   0.961    -.3584049    .3769508
         zcount4 |   .5997177    .374292     1.60   0.109    -.1348179    1.334253
         zcount5 |    .320195    .220208     1.45   0.146     -.111956    .7523459
         zcount6 |   .3062611   .3541998     0.86   0.387    -.3888442    1.001366
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1559357   .3091389    -0.50   0.614    -.7626106    .4507393
           cc_ge |  -.5224892    .223079    -2.34   0.019    -.9602742   -.0847041
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4201652   .3968949     1.06   0.290    -.3587279    1.199058
           cc_jp |          0  (omitted)
           cc_po |  -.7744649   .5412774    -1.43   0.153    -1.836704     .287774
           cc_pt |  -.4283442   .4031069    -1.06   0.288    -1.219428    .3627398
           cc_sw |   .2169058   .3088057     0.70   0.483    -.3891151    .8229267
           cc_uk |   .1239853   .1457383     0.85   0.395    -.1620212    .4099918
           _cons |   .1631142   .9420999     0.17   0.863    -1.685726    2.011954
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est4 stored)

. * Pace
. eststo: xi: probit pace  w_workstation w_net bonus5 bonus5m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic  if sa3
> ==1 , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: yy omitted because of collinearity
note: onsitem omitted because of collinearity
note: aa1 omitted because of collinearity
note: aa2 omitted because of collinearity
note: aa4 omitted because of collinearity
note: aa7 omitted because of collinearity
note: aa9 omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa12 omitted because of collinearity
note: aa13 omitted because of collinearity
note: aa17 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa20 omitted because of collinearity
note: aa22 omitted because of collinearity
note: aa24 omitted because of collinearity
note: aa27 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa30 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa34 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa41 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa43 omitted because of collinearity
note: aa44 omitted because of collinearity
note: aa45 omitted because of collinearity
note: aa46 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: i_comptenuremiss omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity
note: cc_pt omitted because of collinearity
note: _Isic_203 omitted because of collinearity
note: _Isic_204 omitted because of collinearity
note: _Isic_207 omitted because of collinearity
note: _Isic_208 omitted because of collinearity
note: _Isic_209 omitted because of collinearity
note: _Isic_211 omitted because of collinearity
note: _Isic_214 omitted because of collinearity
note: _Isic_225 omitted because of collinearity
note: _Isic_226 omitted because of collinearity
note: _Isic_227 omitted because of collinearity
note: _Isic_233 omitted because of collinearity
note: _Isic_235 omitted because of collinearity
note: _Isic_238 omitted because of collinearity
note: _Isic_239 omitted because of collinearity
note: _Isic_242 omitted because of collinearity
note: _Isic_243 omitted because of collinearity
note: _Isic_245 omitted because of collinearity
note: _Isic_249 omitted because of collinearity
note: _Isic_252 omitted because of collinearity
note: _Isic_261 omitted because of collinearity
note: _Isic_271 omitted because of collinearity
note: _Isic_272 omitted because of collinearity
note: _Isic_278 omitted because of collinearity
note: _Isic_281 omitted because of collinearity
note: _Isic_283 omitted because of collinearity
note: _Isic_284 omitted because of collinearity
note: _Isic_301 omitted because of collinearity
note: _Isic_302 omitted because of collinearity
note: _Isic_305 omitted because of collinearity
note: _Isic_311 omitted because of collinearity
note: _Isic_321 omitted because of collinearity
note: _Isic_322 omitted because of collinearity
note: _Isic_324 omitted because of collinearity
note: _Isic_325 omitted because of collinearity
note: _Isic_327 omitted because of collinearity
note: _Isic_328 omitted because of collinearity
note: _Isic_329 omitted because of collinearity
note: _Isic_332 omitted because of collinearity
note: _Isic_334 omitted because of collinearity
note: _Isic_335 omitted because of collinearity
note: _Isic_336 omitted because of collinearity
note: _Isic_339 omitted because of collinearity
note: _Isic_341 omitted because of collinearity
note: _Isic_343 omitted because of collinearity
note: _Isic_345 omitted because of collinearity
note: _Isic_346 omitted because of collinearity
note: _Isic_348 omitted because of collinearity
note: _Isic_351 omitted because of collinearity
note: _Isic_353 omitted because of collinearity
note: _Isic_358 omitted because of collinearity
note: _Isic_359 omitted because of collinearity
note: _Isic_361 omitted because of collinearity
note: _Isic_365 omitted because of collinearity
note: _Isic_367 omitted because of collinearity
note: _Isic_373 omitted because of collinearity
note: _Isic_375 omitted because of collinearity
note: _Isic_379 omitted because of collinearity
note: _Isic_382 omitted because of collinearity
note: _Isic_391 omitted because of collinearity
note: _Isic_394 omitted because of collinearity
note: _Isic_395 omitted because of collinearity
note: _Isic_514 omitted because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035  
Iteration 1:   log pseudolikelihood =  -193.7123  
Iteration 2:   log pseudolikelihood = -185.76258  
Iteration 3:   log pseudolikelihood = -185.40194  
Iteration 4:   log pseudolikelihood = -185.35609  
Iteration 5:   log pseudolikelihood = -185.35101  
Iteration 6:   log pseudolikelihood = -185.35006  
Iteration 7:   log pseudolikelihood = -185.34987  
Iteration 8:   log pseudolikelihood = -185.34983  
Iteration 9:   log pseudolikelihood = -185.34982  

Probit regression                                 Number of obs   =        649
                                                  Wald chi2(110)  =          .
                                                  Prob > chi2     =          .
Log pseudolikelihood = -185.34982                 Pseudo R2       =     0.3229

                               (Std. Err. adjusted for 614 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            pace |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .9816921   .4130804     2.38   0.017     .1720693    1.791315
           w_net |  -.3292205   .2277966    -1.45   0.148    -.7756936    .1172526
          bonus5 |   .3025467   .4790753     0.63   0.528    -.6364237    1.241517
         bonus5m |   29.49549   47.52959     0.62   0.535     -63.6608    122.6518
          lpcemp |   .1527506   .1265772     1.21   0.228    -.0953362    .4008375
         lpcempm |   15.89423   12.37886     1.28   0.199    -8.367882    40.15634
              yy |          0  (omitted)
       ldegree_t |   .3040899   .0960215     3.17   0.002     .1158913    .4922885
   ldegree_tmiss |   .6938532   .3338642     2.08   0.038     .0394914    1.348215
        _Inobs_2 |  -4.851743    .698288    -6.95   0.000    -6.220363   -3.483124
        _Inobs_3 |  -.5203198   .6482123    -0.80   0.422    -1.790793    .7501528
        _Inobs_4 |   -.891212   .5757873    -1.55   0.122    -2.019734    .2373103
        _Inobs_5 |   .2456355   .4561758     0.54   0.590    -.6484525    1.139724
        _Inobs_6 |   .0171189   .4013165     0.04   0.966    -.7694469    .8036848
        _Inobs_7 |   .2030858   .5453862     0.37   0.710    -.8658516    1.272023
            ln_N |   .0335478   .0970018     0.35   0.729    -.1565723    .2236679
       ln_N_miss |   3.661356    10.1791     0.36   0.719    -16.28931    23.61202
           share |  -.0238789   .1285129    -0.19   0.853    -.2757595    .2280017
       sharemiss |  -2.352996   12.66087    -0.19   0.853    -27.16785    22.46185
           MNE_f |   .3226287   .2239416     1.44   0.150    -.1162887    .7615461
           MNE_d |   .2031286   .2165146     0.94   0.348    -.2212323    .6274895
          onsite |  -.0665744   .1613418    -0.41   0.680    -.3827984    .2496496
         onsitem |          0  (omitted)
             aa1 |          0  (omitted)
             aa2 |          0  (omitted)
             aa3 |  -.5202116   .7841393    -0.66   0.507    -2.057096    1.016673
             aa4 |          0  (omitted)
             aa5 |  -1.668378   .6021431    -2.77   0.006    -2.848556   -.4881988
             aa6 |  -1.243532   .6365986    -1.95   0.051    -2.491243    .0041782
             aa7 |          0  (omitted)
             aa8 |  -1.932275   .6239096    -3.10   0.002    -3.155115   -.7094343
             aa9 |          0  (omitted)
            aa10 |   .7469419   .6145859     1.22   0.224    -.4576244    1.951508
            aa11 |          0  (omitted)
            aa12 |          0  (omitted)
            aa13 |          0  (omitted)
            aa14 |  -2.030468     .63367    -3.20   0.001    -3.272438   -.7884977
            aa15 |  -.8571563   .9436996    -0.91   0.364    -2.706773    .9924609
            aa16 |  -1.900385   .6243272    -3.04   0.002    -3.124044    -.676726
            aa17 |          0  (omitted)
            aa18 |          0  (omitted)
            aa19 |  -.8010773   .6578065    -1.22   0.223    -2.090354    .4881997
            aa20 |          0  (omitted)
            aa21 |   .1861283   .8106249     0.23   0.818    -1.402667    1.774924
            aa22 |          0  (omitted)
            aa23 |   -2.63132   .6712411    -3.92   0.000    -3.946928   -1.315711
            aa24 |          0  (omitted)
            aa25 |   -5.06933   1.382064    -3.67   0.000    -7.778126   -2.360534
            aa26 |  -2.580713   .8096445    -3.19   0.001    -4.167587   -.9938388
            aa27 |          0  (omitted)
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |          0  (omitted)
            aa31 |  -1.977094   .6966259    -2.84   0.005    -3.342456   -.6117326
            aa32 |   -.113259    .613629    -0.18   0.854     -1.31595    1.089432
            aa33 |          0  (omitted)
            aa34 |          0  (omitted)
            aa35 |  -1.384589   .5329009    -2.60   0.009    -2.429055   -.3401219
            aa36 |   5.786826   .7198321     8.04   0.000     4.375981    7.197671
            aa37 |          0  (omitted)
            aa38 |  -1.132306   .8007674    -1.41   0.157    -2.701781    .4371695
            aa39 |   -2.19004   .6422551    -3.41   0.001    -3.448837   -.9312431
            aa40 |   .5479783   .7814421     0.70   0.483    -.9836202    2.079577
            aa41 |          0  (omitted)
            aa42 |          0  (omitted)
            aa43 |          0  (omitted)
            aa44 |          0  (omitted)
            aa45 |          0  (omitted)
            aa46 |          0  (omitted)
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |  -.1069765   .0616461    -1.74   0.083    -.2278007    .0138477
 reliabilitymiss |  -10.64071   6.854013    -1.55   0.121    -24.07433    2.792904
             dd1 |   .0086534   .4543923     0.02   0.985    -.8819391     .899246
             dd2 |  -.3334524   .3160738    -1.05   0.291    -.9529458    .2860409
             dd3 |  -.4127817   .3161607    -1.31   0.192    -1.032445    .2068819
             dd4 |  -.2522711   .2998966    -0.84   0.400    -.8400576    .3355154
             dd5 |  -.3120531   .2675628    -1.17   0.244    -.8364665    .2123604
             dd6 |  -.8431852   .3292385    -2.56   0.010    -1.488481   -.1978896
             dd7 |   .3228531   .5139578     0.63   0.530    -.6844857    1.330192
             dd8 |          0  (omitted)
    i_comptenure |   .0020489   .0069053     0.30   0.767    -.0114853    .0155831
i_comptenuremiss |          0  (omitted)
     i_seniority |  -.0755568   .0939976    -0.80   0.422    -.2597886     .108675
 i_senioritymiss |  -7.867591    9.62086    -0.82   0.413    -26.72413    10.98895
        duration |  -.0038398   .0071035    -0.54   0.589    -.0177625    .0100829
    durationmiss |  -.8100725   1.359929    -0.60   0.551    -3.475485     1.85534
           cc_cn |          0  (omitted)
           cc_fr |   .1090798   .8384305     0.13   0.896    -1.534214    1.752373
           cc_ge |   .9472894   .5927913     1.60   0.110    -.2145601    2.109139
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   4.443236   1.411997     3.15   0.002     1.675772      7.2107
           cc_jp |          0  (omitted)
           cc_po |  -5.847091   .9388583    -6.23   0.000    -7.687219   -4.006962
           cc_pt |          0  (omitted)
           cc_sw |   1.877693   .5827557     3.22   0.001     .7355132    3.019874
           cc_uk |    .502919   .3877451     1.30   0.195    -.2570475    1.262886
       _Isic_202 |  -.4587012   .6093261    -0.75   0.452    -1.652958    .7355559
       _Isic_203 |          0  (omitted)
       _Isic_204 |          0  (omitted)
       _Isic_205 |   .0388462   .6447334     0.06   0.952    -1.224808      1.3025
       _Isic_206 |  -.1669044   .9326443    -0.18   0.858    -1.994854    1.661045
       _Isic_207 |          0  (omitted)
       _Isic_208 |          0  (omitted)
       _Isic_209 |          0  (omitted)
       _Isic_211 |          0  (omitted)
       _Isic_214 |          0  (omitted)
       _Isic_221 |   .6932761   .9962916     0.70   0.487     -1.25942    2.645972
       _Isic_224 |  -.0866703   .7977829    -0.11   0.913    -1.650296    1.476956
       _Isic_225 |          0  (omitted)
       _Isic_226 |          0  (omitted)
       _Isic_227 |          0  (omitted)
       _Isic_228 |  -.0099759   .6806616    -0.01   0.988    -1.344048    1.324096
       _Isic_229 |  -.8362783   .7193156    -1.16   0.245    -2.246111    .5735545
       _Isic_232 |   -.361069   .7613109    -0.47   0.635    -1.853211    1.131073
       _Isic_233 |          0  (omitted)
       _Isic_235 |          0  (omitted)
       _Isic_238 |          0  (omitted)
       _Isic_239 |          0  (omitted)
       _Isic_242 |          0  (omitted)
       _Isic_243 |          0  (omitted)
       _Isic_245 |          0  (omitted)
       _Isic_249 |          0  (omitted)
       _Isic_251 |    .440863   .7531788     0.59   0.558     -1.03534    1.917066
       _Isic_252 |          0  (omitted)
       _Isic_254 |   1.133358   .9511052     1.19   0.233    -.7307734     2.99749
       _Isic_261 |          0  (omitted)
       _Isic_262 |   .1884103   .5342433     0.35   0.724    -.8586874    1.235508
       _Isic_265 |  -.6622753   .6136842    -1.08   0.281    -1.865074    .5405236
       _Isic_267 |  -.6887275   .6576922    -1.05   0.295    -1.977781    .6003256
       _Isic_271 |          0  (omitted)
       _Isic_272 |          0  (omitted)
       _Isic_273 |  -.3009989   .7887326    -0.38   0.703    -1.846886    1.244888
       _Isic_274 |   2.144863   1.045438     2.05   0.040     .0958416    4.193885
       _Isic_275 |  -.6543386    .564493    -1.16   0.246    -1.760725    .4520473
       _Isic_278 |          0  (omitted)
       _Isic_279 |   1.840672   1.037146     1.77   0.076    -.1920968    3.873441
       _Isic_281 |          0  (omitted)
       _Isic_282 |  -1.352158   .7200724    -1.88   0.060    -2.763474    .0591579
       _Isic_283 |          0  (omitted)
       _Isic_284 |          0  (omitted)
       _Isic_285 |  -1.645454   .7442149    -2.21   0.027    -3.104088   -.1868195
       _Isic_286 |  -.7994389   .6880063    -1.16   0.245    -2.147907    .5490287
       _Isic_287 |  -.6086624   .6517847    -0.93   0.350    -1.886137    .6688121
       _Isic_289 |   -.473375    .594487    -0.80   0.426    -1.638548    .6917982
       _Isic_299 |  -.4384996   .7711411    -0.57   0.570    -1.949908    1.072909
       _Isic_301 |          0  (omitted)
       _Isic_302 |          0  (omitted)
       _Isic_305 |          0  (omitted)
       _Isic_306 |  -.0599553   .6432897    -0.09   0.926     -1.32078    1.200869
       _Isic_308 |  -.4058691   .5027074    -0.81   0.419    -1.391157    .5794193
       _Isic_311 |          0  (omitted)
       _Isic_321 |          0  (omitted)
       _Isic_322 |          0  (omitted)
       _Isic_323 |    -.36916   1.107911    -0.33   0.739    -2.540625    1.802305
       _Isic_324 |          0  (omitted)
       _Isic_325 |          0  (omitted)
       _Isic_326 |  -.0898136   .8457541    -0.11   0.915    -1.747461    1.567834
       _Isic_327 |          0  (omitted)
       _Isic_328 |          0  (omitted)
       _Isic_329 |          0  (omitted)
       _Isic_331 |  -.6518933   .6105008    -1.07   0.286    -1.848453    .5446662
       _Isic_332 |          0  (omitted)
       _Isic_333 |  -.4974514   .6596337    -0.75   0.451     -1.79031    .7954068
       _Isic_334 |          0  (omitted)
       _Isic_335 |          0  (omitted)
       _Isic_336 |          0  (omitted)
       _Isic_339 |          0  (omitted)
       _Isic_341 |          0  (omitted)
       _Isic_342 |    .307595   .8826245     0.35   0.727    -1.422317    2.037507
       _Isic_343 |          0  (omitted)
       _Isic_344 |  -.1853756   .6051889    -0.31   0.759    -1.371524    1.000773
       _Isic_345 |          0  (omitted)
       _Isic_346 |          0  (omitted)
       _Isic_347 |   6.711238   .9386164     7.15   0.000     4.871583    8.550892
       _Isic_348 |          0  (omitted)
       _Isic_349 |  -.9450758   .5235611    -1.81   0.071    -1.971237    .0810851
       _Isic_351 |          0  (omitted)
       _Isic_352 |  -.1769615    .749391    -0.24   0.813    -1.645741    1.291818
       _Isic_353 |          0  (omitted)
       _Isic_354 |   -1.33087   .7068473    -1.88   0.060    -2.716266    .0545248
       _Isic_355 |  -.8238992   .5491937    -1.50   0.134    -1.900299    .2525007
       _Isic_356 |  -.8148483   .5359954    -1.52   0.128     -1.86538    .2356834
       _Isic_357 |  -.9026254   .8418384    -1.07   0.284    -2.552598    .7473476
       _Isic_358 |          0  (omitted)
       _Isic_359 |          0  (omitted)
       _Isic_361 |          0  (omitted)
       _Isic_362 |   -.781428   .5450502    -1.43   0.152    -1.849707    .2868508
       _Isic_363 |  -.9956182   .8155514    -1.22   0.222     -2.59407    .6028333
       _Isic_364 |  -.9336435   .6052126    -1.54   0.123    -2.119838    .2525514
       _Isic_365 |          0  (omitted)
       _Isic_366 |   .2131755   .6199457     0.34   0.731    -1.001896    1.428247
       _Isic_367 |          0  (omitted)
       _Isic_369 |  -1.016974   .6866667    -1.48   0.139    -2.362816    .3288683
       _Isic_371 |  -1.445145   .6207706    -2.33   0.020    -2.661833   -.2284569
       _Isic_372 |  -1.115225   .9583606    -1.16   0.245    -2.993578    .7631268
       _Isic_373 |          0  (omitted)
       _Isic_374 |  -.5250254   .8521868    -0.62   0.538    -2.195281     1.14523
       _Isic_375 |          0  (omitted)
       _Isic_379 |          0  (omitted)
       _Isic_381 |  -.7575189   .7266974    -1.04   0.297     -2.18182    .6667818
       _Isic_382 |          0  (omitted)
       _Isic_384 |  -.6147714   .6703238    -0.92   0.359    -1.928582     .699039
       _Isic_391 |          0  (omitted)
       _Isic_394 |          0  (omitted)
       _Isic_395 |          0  (omitted)
       _Isic_399 |  -.6451703    .839417    -0.77   0.442    -2.290397    1.000057
       _Isic_514 |          0  (omitted)
       _Isic_671 |   .4308943    .797519     0.54   0.589    -1.132214    1.994003
           _cons |    .831166   1.189474     0.70   0.485    -1.500161    3.162492
----------------------------------------------------------------------------------
Note: 9 failures and 0 successes completely determined.
(est5 stored)

. * PM span 
. eststo: areg lspa  w_workstation    w_net bonus5 bonus5m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* if levels_ceopm>
> 0& sa4==1 , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  81,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2180
                                                  Adj R-squared   =     0.0118
                                                  Root MSE        =     0.5227

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2467112   .1153865     2.14   0.033     .0202384    .4731841
           w_net |   -.018493   .0578304    -0.32   0.749    -.1319986    .0950126
          bonus5 |   .1745077   .1276673     1.37   0.172    -.0760692    .4250845
         bonus5m |    17.2164   12.66725     1.36   0.174    -7.646026    42.07882
          lpcemp |   .0055531   .0302406     0.18   0.854    -.0538011    .0649074
         lpcempm |   .6340996   2.977781     0.21   0.831    -5.210488    6.478688
              yy |          0  (omitted)
       ldegree_t |   .0393294   .0231274     1.70   0.089    -.0060635    .0847223
   ldegree_tmiss |   .1939829   .0812021     2.39   0.017     .0346049    .3533609
                 |
            nobs |
              2  |  -.0244653   .1865902    -0.13   0.896    -.3906921    .3417614
              3  |  -.0096246   .1889889    -0.05   0.959    -.3805593    .3613101
              4  |   .0845874   .1753464     0.48   0.630    -.2595706    .4287455
              5  |  -.0016014   .1511477    -0.01   0.992    -.2982638    .2950611
              6  |   .0309233   .1435615     0.22   0.830    -.2508495    .3126961
              7  |   .0011501   .1814448     0.01   0.995    -.3549775    .3572777
                 |
            ln_N |   .0585925   .0263007     2.23   0.026     .0069712    .1102138
       ln_N_miss |   11.40019   5.399095     2.11   0.035       .80321    21.99717
           share |    .049937   .0331534     1.51   0.132    -.0151343    .1150082
       sharemiss |          0  (omitted)
           MNE_f |   .0282197   .0563644     0.50   0.617    -.0824086     .138848
           MNE_d |   .0568405    .057501     0.99   0.323    -.0560185    .1696996
          onsite |   .0030382   .0473975     0.06   0.949    -.0899905    .0960668
         onsitem |   .2790806   4.718311     0.06   0.953    -8.981702    9.539863
             aa1 |   .0450812   .2463162     0.18   0.855    -.4383716    .5285341
             aa2 |   .8594446    .223175     3.85   0.000     .4214117    1.297478
             aa3 |  -.2389524   .2972422    -0.80   0.422    -.8223595    .3444547
             aa4 |   .5109563   .4739077     1.08   0.281    -.4191979     1.44111
             aa5 |   .2017817   .2085451     0.97   0.334    -.2075365       .6111
             aa6 |  -.1253169    .195591    -0.64   0.522    -.5092097    .2585759
             aa7 |  -.5015554   .3785711    -1.32   0.186    -1.244589    .2414785
             aa8 |  -.0924668    .161027    -0.57   0.566    -.4085198    .2235862
             aa9 |   .2707096    .215913     1.25   0.210      -.15307    .6944892
            aa10 |  -.3211362   .1814883    -1.77   0.077    -.6773493    .0350769
            aa11 |          0  (omitted)
            aa12 |   .4030341   .4091763     0.98   0.325    -.4000697    1.206138
            aa13 |   .3001641   .2573804     1.17   0.244    -.2050049    .8053331
            aa14 |  -.0968911    .186016    -0.52   0.603    -.4619909    .2682087
            aa15 |  -.3172195   .2251637    -1.41   0.159    -.7591557    .1247166
            aa16 |  -.0512464   .1761833    -0.29   0.771    -.3970471    .2945544
            aa17 |  -.0227153   .2868232    -0.08   0.937    -.5856726    .5402421
            aa18 |          0  (omitted)
            aa19 |  -.0441103   .1624781    -0.27   0.786    -.3630113    .2747908
            aa20 |   .0666863   .2368139     0.28   0.778    -.3981161    .5314888
            aa21 |  -.3379314   .2983121    -1.13   0.258    -.9234383    .2475755
            aa22 |   .5618241   .2249785     2.50   0.013     .1202513    1.003397
            aa23 |    .058413   .1931653     0.30   0.762    -.3207189    .4375449
            aa24 |  -.1247214   .3416851    -0.37   0.715     -.795358    .5459151
            aa25 |   .1126439   .3889398     0.29   0.772    -.6507409    .8760288
            aa26 |   .0074083   .1534709     0.05   0.962     -.293814    .3086306
            aa27 |   .0981233   .2218539     0.44   0.658    -.3373167    .5335632
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |    1.25767   .2168035     5.80   0.000     .8321426    1.683197
            aa31 |   .0487532   .1896571     0.26   0.797    -.3234931    .4209994
            aa32 |   -.329085   .3331535    -0.99   0.324    -.9829763    .3248063
            aa33 |          0  (omitted)
            aa34 |  -.3691086   .2107416    -1.75   0.080     -.782738    .0445207
            aa35 |  -.0472474   .1588109    -0.30   0.766    -.3589507    .2644559
            aa36 |   .0104219   .2849475     0.04   0.971    -.5488539    .5696977
            aa37 |          0  (omitted)
            aa38 |   .1380501   .2119609     0.65   0.515    -.2779725    .5540726
            aa39 |   .0174114   .1873113     0.09   0.926    -.3502306    .3850534
            aa40 |   .0340689   .2217678     0.15   0.878     -.401202    .4693398
            aa41 |  -.5551197   .3094157    -1.79   0.073     -1.16242    .0521806
            aa42 |          0  (omitted)
            aa43 |   .0744879   .1758439     0.42   0.672    -.2706467    .4196225
            aa44 |  -.3611898   .2021336    -1.79   0.074     -.757924    .0355443
            aa45 |  -.0595668   .2506568    -0.24   0.812    -.5515391    .4324055
            aa46 |  -.0816385   .2543761    -0.32   0.748    -.5809108    .4176337
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |    .007811   .0158996     0.49   0.623    -.0233957    .0390177
 reliabilitymiss |   1.710483   1.750936     0.98   0.329    -1.726136    5.147102
             dd1 |  -.0835748   .1591926    -0.52   0.600    -.3960273    .2288777
             dd2 |  -.0432344   .0828891    -0.52   0.602    -.2059237    .1194548
             dd3 |   .0283499   .0792185     0.36   0.721    -.1271349    .1838347
             dd4 |  -.0241434   .0747343    -0.32   0.747    -.1708268    .1225401
             dd5 |  -.0319949   .0749344    -0.43   0.670    -.1790712    .1150814
             dd6 |  -.0215443    .081743    -0.26   0.792    -.1819839    .1388953
             dd7 |  -.1915263   .1162078    -1.65   0.100    -.4196111    .0365584
             dd8 |          0  (omitted)
    i_comptenure |  -.0016989   .0019073    -0.89   0.373    -.0054424    .0020447
i_comptenuremiss |  -.6106172   .2722776    -2.24   0.025    -1.145025   -.0762091
     i_seniority |  -.0308907   .0271871    -1.14   0.256    -.0842517    .0224703
 i_senioritymiss |  -3.220925   2.782009    -1.16   0.247    -8.681265    2.239414
        duration |    -.00516   .0018938    -2.72   0.007    -.0088771   -.0014428
    durationmiss |  -1.051877   .3274016    -3.21   0.001    -1.694479   -.4092749
           cc_cn |          0  (omitted)
           cc_fr |   .0062834   .1704472     0.04   0.971    -.3282589    .3408258
           cc_ge |   .0176354   .1280101     0.14   0.890    -.2336142    .2688849
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3651493   .3852327    -0.95   0.343    -1.121258    .3909595
           cc_jp |          0  (omitted)
           cc_po |  -.0636287   .2773124    -0.23   0.819    -.6079189    .4806615
           cc_pt |   .7482913   .2781518     2.69   0.007     .2023537    1.294229
           cc_sw |   .0316938    .151253     0.21   0.834    -.2651755    .3285631
           cc_uk |   -.083204   .0864765    -0.96   0.336    -.2529343    .0865263
           _cons |   1.802206   .3562008     5.06   0.000     1.103079    2.501333
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est6 stored)

. esttab using TableA7.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(star fmt(3)) se(par fmt(3))) star(* 0.10 ** 0.05 *** 0.01) keep
> (w_erp_oth w_net w_workstation bonus2 bonus5 ) nogap 
(note: file TableA7.csv not found)
(output written to TableA7.csv)

. 
. ** Marginal effects
. cap estimates drop *

. * Zorg
. eststo: areg zorg  w_erp_oth  w_net bonus2 bonus2m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if sa1==1, clu
> ster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  86,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3612
                                                  Adj R-squared   =     0.2053
                                                  Root MSE        =     0.8712

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1925976   .0870081     2.21   0.027     .0218471     .363348
           w_net |  -.1867776   .0903981    -2.07   0.039    -.3641809   -.0093743
          bonus2 |   .3854567   .2490984     1.55   0.122    -.1033906    .8743041
         bonus2m |   38.25081   24.69323     1.55   0.122    -10.20884    86.71046
          lpcemp |  -.0446254   .0452835    -0.99   0.325    -.1334928     .044242
         lpcempm |   -4.14204   4.434711    -0.93   0.351    -12.84501    4.560933
              yy |          0  (omitted)
       ldegree_t |   .1010505   .0325715     3.10   0.002       .03713    .1649709
   ldegree_tmiss |   .1504629   .1182293     1.27   0.203    -.0815582     .382484
                 |
            nobs |
              2  |  -.1029486    .290973    -0.35   0.724    -.6739736    .4680763
              3  |   .0014913   .2732215     0.01   0.996    -.5346968    .5376794
              4  |   .0214247   .3021847     0.07   0.943    -.5716028    .6144522
              5  |   .1909798   .2907283     0.66   0.511    -.3795648    .7615244
              6  |   .1762694   .2793049     0.63   0.528    -.3718571     .724396
              7  |   .4786791   .3838002     1.25   0.213    -.2745162    1.231874
                 |
            ln_N |   .0593762   .0426706     1.39   0.164    -.0243634    .1431158
       ln_N_miss |   5.600687   4.467327     1.25   0.210    -3.166294    14.36767
           share |   .1241478   .0473767     2.62   0.009     .0311726    .2171231
       sharemiss |   12.39851   4.655478     2.66   0.008      3.26229    21.53473
           MNE_f |     .18675   .0837835     2.23   0.026     .0223277    .3511723
           MNE_d |   .1552433   .0871679     1.78   0.075    -.0158208    .3263075
          onsite |  -.0821636   .0695496    -1.18   0.238    -.2186524    .0543253
         onsitem |  -8.118849   6.938598    -1.17   0.242    -21.73562     5.49792
             aa1 |  -1.161337   .5150437    -2.25   0.024    -2.172093   -.1505803
             aa2 |  -1.216344   .3110236    -3.91   0.000    -1.826717   -.6059703
             aa3 |  -1.458481   .3666109    -3.98   0.000    -2.177942   -.7390189
             aa4 |  -2.069861   .4796305    -4.32   0.000     -3.01112   -1.128602
             aa5 |  -1.199613   .3311794    -3.62   0.000    -1.849542   -.5496846
             aa6 |  -.7790011   .3449549    -2.26   0.024    -1.455964   -.1020384
             aa7 |  -1.345551   .4872652    -2.76   0.006    -2.301793   -.3893093
             aa8 |  -1.354331   .2499704    -5.42   0.000    -1.844889   -.8637721
             aa9 |  -.3074079   .3874775    -0.79   0.428     -1.06782    .4530037
            aa10 |  -1.083772   .2753429    -3.94   0.000    -1.624124   -.5434211
            aa11 |          0  (omitted)
            aa12 |  -1.658213   .4166107    -3.98   0.000    -2.475798    -.840628
            aa13 |  -.8517779   .3195586    -2.67   0.008    -1.478901   -.2246547
            aa14 |  -.4966421   .2820101    -1.76   0.079    -1.050078    .0567934
            aa15 |  -1.689371   .3602281    -4.69   0.000    -2.396306   -.9824347
            aa16 |  -1.301714   .2828163    -4.60   0.000    -1.856732   -.7466967
            aa17 |  -1.192395   .5564278    -2.14   0.032    -2.284366   -.1004239
            aa18 |          0  (omitted)
            aa19 |  -.6685213   .2602815    -2.57   0.010    -1.179315   -.1577274
            aa20 |   -1.21026    .342265    -3.54   0.000    -1.881944   -.5385762
            aa21 |  -.2674648    .573813    -0.47   0.641    -1.393554    .8586242
            aa22 |  -2.801215   .3757865    -7.45   0.000    -3.538684   -2.063746
            aa23 |    -1.2233   .3736646    -3.27   0.001    -1.956604   -.4899956
            aa24 |   -.587432   .4762756    -1.23   0.218    -1.522107     .347243
            aa25 |  -1.935639   .4789555    -4.04   0.000    -2.875573   -.9957048
            aa26 |  -.9008656   .2502987    -3.60   0.000    -1.392069   -.4096626
            aa27 |  -.8875794   .2762559    -3.21   0.001    -1.429722   -.3454364
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1583391   .3631083     0.44   0.663     -.554249    .8709272
            aa31 |  -1.054144   .3103136    -3.40   0.001    -1.663124   -.4451635
            aa32 |  -1.880059   .3805592    -4.94   0.000    -2.626894   -1.133225
            aa33 |          0  (omitted)
            aa34 |   -.628152   .3150533    -1.99   0.046    -1.246434   -.0098704
            aa35 |  -.8369283    .240273    -3.48   0.001    -1.308456   -.3654005
            aa36 |  -.8206154   .5478008    -1.50   0.134    -1.895656    .2544256
            aa37 |          0  (omitted)
            aa38 |  -1.010917    .426636    -2.37   0.018    -1.848176    -.173658
            aa39 |  -.5061555   .2909799    -1.74   0.082    -1.077194     .064883
            aa40 |  -1.032415   .5453694    -1.89   0.059    -2.102685    .0378539
            aa41 |  -.7842522   .4338338    -1.81   0.071    -1.635637    .0671322
            aa42 |          0  (omitted)
            aa43 |  -1.289977   .3288409    -3.92   0.000    -1.935316   -.6446376
            aa44 |  -.6565264   .3605557    -1.82   0.069    -1.364105    .0510523
            aa45 |  -.1982248   .4331455    -0.46   0.647    -1.048258    .6518089
            aa46 |  -.6415389   .4360191    -1.47   0.142    -1.497212    .2141342
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0533951   .0255172     2.09   0.037     .0033185    .1034717
 reliabilitymiss |   5.933538   2.799473     2.12   0.034     .4396635    11.42741
             dd1 |  -.0914585   .2246009    -0.41   0.684    -.5322303    .3493133
             dd2 |  -.0296457   .1574725    -0.19   0.851    -.3386803    .2793889
             dd3 |   .2113703   .1405487     1.50   0.133    -.0644517    .4871924
             dd4 |   .0751503   .1391777     0.54   0.589    -.1979813    .3482818
             dd5 |  -.0611791   .1371094    -0.45   0.656    -.3302518    .2078935
             dd6 |  -.0207938   .1428027    -0.15   0.884    -.3010394    .2594517
             dd7 |   .0906195   .1774254     0.51   0.610    -.2575719    .4388109
             dd8 |          0  (omitted)
    i_comptenure |  -.0057857   .0031468    -1.84   0.066    -.0119611    .0003898
i_comptenuremiss |  -.6594807    .428663    -1.54   0.124    -1.500718    .1817562
     i_seniority |   .0413105   .0447424     0.92   0.356    -.0464951     .129116
 i_senioritymiss |   4.108316   4.571465     0.90   0.369    -4.863033    13.07966
        duration |  -.0024126   .0029861    -0.81   0.419    -.0082728    .0034476
    durationmiss |   .1157731   .5273933     0.22   0.826    -.9192188    1.150765
          zcount |   .0289279   .1867898     0.15   0.877    -.3376409    .3954968
         zcount4 |   .5146984   .3815024     1.35   0.178    -.2339873    1.263384
         zcount5 |    .318133   .2199825     1.45   0.148    -.1135754    .7498414
         zcount6 |   .2917914   .3563256     0.82   0.413    -.4074857    .9910685
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1243746   .2992045    -0.42   0.678    -.7115535    .4628042
           cc_ge |  -.5265468   .2237886    -2.35   0.019    -.9657245   -.0873691
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4184772   .3884841     1.08   0.282      -.34391    1.180864
           cc_jp |          0  (omitted)
           cc_po |  -.7632317   .5108674    -1.49   0.136    -1.765792    .2393286
           cc_pt |   -.393182   .3973067    -0.99   0.323    -1.172883    .3865194
           cc_sw |   .2538487   .3060637     0.83   0.407    -.3467912    .8544885
           cc_uk |   .1348359   .1463246     0.92   0.357    -.1523213    .4219931
           _cons |   .0097601   .9348023     0.01   0.992    -1.824758    1.844279
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est1 stored)

. * Pace
. eststo: xi: dprobit pace  w_workstation w_net bonus2 bonus2m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic  if sa
> 3==1 , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: yy dropped because of collinearity
note: onsitem dropped because of collinearity
note: aa1 dropped because of collinearity
note: aa2 dropped because of collinearity
note: aa4 dropped because of collinearity
note: aa7 dropped because of collinearity
note: aa9 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa12 dropped because of collinearity
note: aa13 dropped because of collinearity
note: aa17 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa20 dropped because of collinearity
note: aa21 dropped because of collinearity
note: aa22 dropped because of collinearity
note: aa24 dropped because of collinearity
note: aa27 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa30 dropped because of collinearity
note: aa33 dropped because of collinearity
note: aa34 dropped because of collinearity
note: aa37 dropped because of collinearity
note: aa41 dropped because of collinearity
note: aa42 dropped because of collinearity
note: aa44 dropped because of collinearity
note: aa45 dropped because of collinearity
note: aa46 dropped because of collinearity
note: aa47 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd1 dropped because of collinearity
note: i_comptenuremiss dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_203 dropped because of collinearity
note: _Isic_204 dropped because of collinearity
note: _Isic_207 dropped because of collinearity
note: _Isic_208 dropped because of collinearity
note: _Isic_209 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_214 dropped because of collinearity
note: _Isic_225 dropped because of collinearity
note: _Isic_226 dropped because of collinearity
note: _Isic_227 dropped because of collinearity
note: _Isic_233 dropped because of collinearity
note: _Isic_235 dropped because of collinearity
note: _Isic_238 dropped because of collinearity
note: _Isic_239 dropped because of collinearity
note: _Isic_242 dropped because of collinearity
note: _Isic_243 dropped because of collinearity
note: _Isic_245 dropped because of collinearity
note: _Isic_249 dropped because of collinearity
note: _Isic_252 dropped because of collinearity
note: _Isic_261 dropped because of collinearity
note: _Isic_271 dropped because of collinearity
note: _Isic_272 dropped because of collinearity
note: _Isic_278 dropped because of collinearity
note: _Isic_281 dropped because of collinearity
note: _Isic_283 dropped because of collinearity
note: _Isic_284 dropped because of collinearity
note: _Isic_301 dropped because of collinearity
note: _Isic_302 dropped because of collinearity
note: _Isic_305 dropped because of collinearity
note: _Isic_311 dropped because of collinearity
note: _Isic_321 dropped because of collinearity
note: _Isic_322 dropped because of collinearity
note: _Isic_324 dropped because of collinearity
note: _Isic_325 dropped because of collinearity
note: _Isic_327 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_329 dropped because of collinearity
note: _Isic_332 dropped because of collinearity
note: _Isic_334 dropped because of collinearity
note: _Isic_335 dropped because of collinearity
note: _Isic_336 dropped because of collinearity
note: _Isic_339 dropped because of collinearity
note: _Isic_341 dropped because of collinearity
note: _Isic_343 dropped because of collinearity
note: _Isic_345 dropped because of collinearity
note: _Isic_346 dropped because of collinearity
note: _Isic_348 dropped because of collinearity
note: _Isic_351 dropped because of collinearity
note: _Isic_353 dropped because of collinearity
note: _Isic_358 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_361 dropped because of collinearity
note: _Isic_365 dropped because of collinearity
note: _Isic_367 dropped because of collinearity
note: _Isic_373 dropped because of collinearity
note: _Isic_375 dropped because of collinearity
note: _Isic_379 dropped because of collinearity
note: _Isic_382 dropped because of collinearity
note: _Isic_391 dropped because of collinearity
note: _Isic_394 dropped because of collinearity
note: _Isic_395 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -196.49251
Iteration 2:   log pseudolikelihood = -188.84201
Iteration 3:   log pseudolikelihood = -187.85139
Iteration 4:   log pseudolikelihood = -187.75306
Iteration 5:   log pseudolikelihood = -187.72982
Iteration 6:   log pseudolikelihood = -187.72281
Iteration 7:   log pseudolikelihood = -187.72061
Iteration 8:   log pseudolikelihood =  -187.7199
Iteration 9:   log pseudolikelihood = -187.71967
Iteration 10:  log pseudolikelihood =  -187.7196
Iteration 11:  log pseudolikelihood = -187.71957
Iteration 12:  log pseudolikelihood = -187.71956
Iteration 13:  log pseudolikelihood = -187.71956
Iteration 14:  log pseudolikelihood = -187.71956
Iteration 15:  log pseudolikelihood = -187.71956
Iteration 16:  log pseudolikelihood = -187.71956
Iteration 17:  log pseudolikelihood = -187.71956
Iteration 18:  log pseudolikelihood = -187.71956
Iteration 19:  log pseudolikelihood = -187.71956
Iteration 20:  log pseudolikelihood = -187.71956

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(107)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -187.71956                       Pseudo R2     = 0.3142

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .1007393   .0458025     2.26   0.024   .028197   .010968  .190511
   w_net |  -.0423705   .0249813    -1.68   0.092   .362801  -.091333  .006592
  bonus2 |  -.1243009   .0833588    -1.48   0.138  -8.44707  -.287681  .039079
 bonus2m*|         -1   3.98e-14    -1.48   0.138   .086287        -1       -1
  lpcemp |   .0205322   .0141354     1.47   0.142  -2.52755  -.007173  .048237
 lpcempm*|   .9727085   .0144012     1.54   0.123   .016949   .944483  1.00093
ldegre~t |   .0323021    .010458     3.02   0.002   2.02669   .011805    .0528
ldegre~s*|   .0901542   .0655486     1.78   0.076   .127889  -.038319  .218627
_Inobs_2*|  -.0746799   .0119998    -8.19   0.000   .024653  -.098199 -.051161
_Inobs_3*|  -.0482388   .0223937    -1.11   0.268   .047766   -.09213 -.004348
_Inobs_4*|  -.0548242   .0124597    -1.75   0.080   .046225  -.079245 -.030404
_Inobs_5*|    .022687    .060781     0.42   0.676   .109399  -.096442  .141816
_Inobs_6*|  -.0015648   .0429109    -0.04   0.971   .699538  -.085669  .082539
_Inobs_7*|   .0271301    .080055     0.39   0.695   .035439  -.129775  .184035
    ln_N |   .0061409   .0110331     0.56   0.574   4.17367  -.015484  .027765
ln_N_m~s*|   .9551786   .0185644     0.56   0.576   .016949   .918793  .991564
   share |  -.0008823   .0141732    -0.06   0.950  -8.33264  -.028661  .026897
sharem~s*|  -.0515927   .4326807    -0.06   0.951   .077042  -.899631  .796446
   MNE_f*|   .0428057   .0282032     1.60   0.110   .371341  -.012472  .098083
   MNE_d*|   .0288277   .0273571     1.11   0.266    .31433  -.024791  .082447
  onsite*|  -.0023049   .0178716    -0.13   0.897   .607088  -.037333  .032723
     aa3*|  -.0470234   .0247206    -0.81   0.418   .013867  -.095475  .001428
     aa5*|  -.0567905    .009701    -2.12   0.034   .013867  -.075804 -.037777
     aa6*|   -.065625   .0188644    -1.52   0.129    .09245  -.102599 -.028652
     aa8*|  -.0633818   .0106679    -2.36   0.018   .038521   -.08429 -.042473
    aa10*|   .0663854   .1612586     0.54   0.591   .026194  -.249676  .382446
    aa14*|  -.0851249    .019157    -2.35   0.019   .120185  -.122672 -.047578
    aa15*|  -.0525029    .031278    -0.81   0.418   .060092  -.113807  .008801
    aa16*|  -.0674166    .011807    -2.40   0.016   .058552  -.090558 -.044275
    aa19*|  -.0511629   .0188497    -1.06   0.287   .030817  -.088108 -.014218
    aa23*|  -.0926729   .0184095    -3.08   0.002   .104777  -.128755 -.056591
    aa25*|  -.0810342   .0129214    -6.50   0.000   .035439   -.10636 -.055709
    aa26*|  -.0674545   .0110354    -2.67   0.008   .043143  -.089084 -.045826
    aa31*|  -.0696939   .0145197    -1.98   0.047   .070878  -.098152 -.041236
    aa32*|   -.022035   .0599848    -0.30   0.765   .026194  -.139603  .095533
    aa35*|  -.0679739   .0140569    -2.01   0.045   .077042  -.095525 -.040423
    aa36*|   .9670474   .0064694     6.49   0.000    .03698   .954367  .979727
    aa38*|  -.0512571   .0186167    -0.96   0.339    .01849  -.087745 -.014769
    aa39*|  -.0801519   .0163124    -2.41   0.016   .100154  -.112124  -.04818
    aa40*|   .1637024   .2770285     0.88   0.380   .006163  -.379264  .706668
    aa43*|   .0095879   .0994783     0.10   0.918   .020031  -.185386  .204562
reliab~y |  -.0081107   .0068878    -1.21   0.228   7.45917  -.021611  .005389
reliab~s*|  -.0609175   .0122944    -1.02   0.309   .007704  -.085014 -.036821
     dd2*|  -.0240179   .0350966    -0.58   0.562   .115562  -.092806   .04477
     dd3*|  -.0282472   .0341767    -0.70   0.483   .171032  -.095232  .038738
     dd4*|  -.0216105   .0396669    -0.49   0.626   .189522  -.099356  .056135
     dd5*|  -.0296454   .0335723    -0.76   0.448   .198767  -.095446  .036155
     dd6*|  -.0514621   .0200061    -1.67   0.096   .114022  -.090673 -.012251
     dd7*|   .0935029   .1324339     0.96   0.335   .032357  -.166063  .353069
     dd8*|   .0081361   .0500266     0.17   0.866   .152542  -.089914  .106187
i_comp~e |   .0003264   .0007523     0.43   0.665   13.9521  -.001148  .001801
i_seni~y |  -.0123306   .0104771    -1.17   0.242   1.51772  -.032865  .008204
i_seni~s*|  -.0753984   .0214498    -1.22   0.224   .013867  -.117439 -.033358
duration |  -.0004735    .000783    -0.60   0.548   44.7211  -.002008  .001061
durati~s*|  -.0469219    .035445    -0.57   0.568   .015408  -.116393  .022549
   cc_fr*|  -.0078611   .0813799    -0.09   0.927   .120185  -.167363  .151641
   cc_ge*|   .0910627   .1122752     1.05   0.293   .186441  -.128993  .311118
   cc_it*|    .960455   .0070184        .       .   .032357   .946699  .974211
   cc_po*|  -.0856473   .0133241        .       .   .035439  -.111762 -.059533
   cc_sw*|    .418644   .1943291     3.10   0.002   .183359   .037766  .799522
   cc_uk*|   .0276532    .048621     0.62   0.533   .278891  -.067642  .122949
_Isi~202*|  -.0265692   .0428611    -0.47   0.640   .016949  -.110575  .057437
_Isi~205*|   .0061321   .0798326     0.08   0.936   .016949  -.150337  .162601
_Isi~206*|  -.0128127   .0767633    -0.15   0.881   .009245  -.163266  .137641
_Isi~221*|   .1639717   .2883498     0.85   0.398   .004622  -.401183  .729127
_Isi~224*|   .0604144   .1583141     0.49   0.621   .003082  -.249875  .370704
_Isi~228*|   .0187886   .0931709     0.23   0.822   .009245  -.163823    .2014
_Isi~229*|  -.0474021   .0185097    -1.08   0.280   .016949  -.083681 -.011124
_Isi~232*|  -.0282902   .0488809    -0.42   0.672   .010786  -.124095  .067515
_Isi~251*|   .0749466   .1571208     0.64   0.522    .01849  -.233005  .382898
_Isi~254*|   .3977032   .3954615     1.49   0.136   .003082  -.377387  1.17279
_Isi~262*|   .0277946    .081249     0.40   0.691   .033898   -.13145   .18704
_Isi~265*|  -.0426821   .0239481    -0.97   0.331   .035439  -.089619  .004255
_Isi~267*|  -.0483957   .0165302    -1.25   0.212   .020031  -.080794 -.015997
_Isi~273*|  -.0224108   .0580122    -0.31   0.759   .009245  -.136113  .091291
_Isi~274*|   .5978731    .374561     1.97   0.049   .003082  -.136253    1.332
_Isi~275*|  -.0379522   .0267006    -0.88   0.379   .029276  -.090284   .01438
_Isi~279*|     .50659     .40829     1.70   0.089   .003082  -.293644  1.30682
_Isi~282*|  -.0553742   .0103515    -1.74   0.081   .021572  -.075663 -.035085
_Isi~285*|  -.0576658   .0096281    -2.09   0.037   .023112  -.076536 -.038795
_Isi~286*|  -.0473374   .0174019    -1.13   0.257   .010786  -.081445  -.01323
_Isi~287*|  -.0383989   .0293566    -0.77   0.439   .015408  -.095937  .019139
_Isi~289*|  -.0338772   .0305514    -0.73   0.464    .01849  -.093757  .026002
_Isi~299*|  -.0285174   .0469968    -0.44   0.662   .004622  -.120629  .063595
_Isi~306*|   .0088696   .0802728     0.12   0.907   .020031  -.148462  .166201
_Isi~308*|  -.0221692   .0392347    -0.47   0.639   .080123  -.099068  .054729
_Isi~323*|  -.0218065   .0683774    -0.26   0.797   .007704  -.155824  .112211
_Isi~326*|   -.013209     .07355    -0.16   0.873   .010786  -.157364  .130946
_Isi~331*|  -.0322334   .0342337    -0.65   0.516   .023112   -.09933  .034863
_Isi~333*|   -.041891   .0252512    -0.89   0.373   .020031  -.091383    .0076
_Isi~342*|   .0496612   .1743606     0.36   0.720   .006163  -.292079  .391402
_Isi~344*|  -.0035407   .0641877    -0.05   0.957   .023112  -.129346  .122265
_Isi~347*|   .9479205   .0090705        .       .   .003082   .930143  .965698
_Isi~349*|  -.0537711   .0159483    -1.62   0.105    .07396  -.085029 -.022513
_Isi~352*|  -.0204595   .0562733    -0.30   0.766   .006163  -.130753  .089834
_Isi~354*|  -.0572557   .0101514    -1.81   0.070   .026194  -.077152 -.037359
_Isi~355*|  -.0488487   .0175236    -1.38   0.167   .050847  -.083194 -.014503
_Isi~356*|  -.0478864   .0176696    -1.36   0.174   .050847  -.082518 -.013255
_Isi~357*|  -.0434804   .0269834    -0.78   0.437   .007704  -.096367  .009406
_Isi~362*|   -.047485   .0173994    -1.36   0.175   .040062  -.081587 -.013383
_Isi~363*|  -.0521959   .0112681    -1.40   0.163   .007704  -.074281 -.030111
_Isi~364*|  -.0523619    .012067    -1.60   0.110   .020031  -.076013 -.028711
_Isi~366*|   .0043646   .0696384     0.06   0.948   .015408  -.132124  .140853
_Isi~369*|  -.0503494   .0146058    -1.36   0.172   .023112  -.078976 -.021723
_Isi~371*|  -.0604306   .0105315    -2.10   0.036   .052388  -.081072 -.039789
_Isi~372*|  -.0523344   .0133167    -1.12   0.261   .013867  -.078435 -.026234
_Isi~374*|  -.0336251   .0436205    -0.50   0.617   .004622   -.11912  .051869
_Isi~381*|  -.0428894   .0249218    -0.88   0.377   .020031  -.091735  .005956
_Isi~384*|   -.039703   .0266594    -0.84   0.400    .01849  -.091954  .012549
_Isi~399*|  -.0469985   .0199802    -0.96   0.338   .009245  -.086159 -.007838
_Isi~671*|   .1054834   .1950926     0.76   0.448   .006163  -.276891  .487858
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0547959  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est2 stored)

. * PM span 
. eststo: areg lspa  w_workstation    w_net bonus2 bonus2m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* if levels_ceopm>
> 0& sa4==1 , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  81,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2123
                                                  Adj R-squared   =     0.0045
                                                  Root MSE        =     0.5247

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2386094    .118538     2.01   0.044     .0059509    .4712679
           w_net |  -.0170925    .058007    -0.29   0.768    -.1309448    .0967598
          bonus2 |   .1520803   .1436456     1.06   0.290    -.1298576    .4340181
         bonus2m |   15.07873   14.23717     1.06   0.290    -12.86503    43.02248
          lpcemp |   .0054074   .0302837     0.18   0.858    -.0540315    .0648462
         lpcempm |   .6278497   2.981708     0.21   0.833    -5.224446    6.480145
              yy |          0  (omitted)
       ldegree_t |   .0405411   .0230637     1.76   0.079    -.0047268    .0858089
   ldegree_tmiss |   .1848112   .0823325     2.24   0.025     .0232145    .3464078
                 |
            nobs |
              2  |  -.0329708   .1877424    -0.18   0.861    -.4014589    .3355173
              3  |  -.0296073   .1916665    -0.15   0.877    -.4057974    .3465828
              4  |   .0846211   .1742937     0.49   0.627    -.2574708     .426713
              5  |  -.0103515    .151615    -0.07   0.946    -.3079312    .2872281
              6  |   .0191761   .1439049     0.13   0.894    -.2632707    .3016229
              7  |  -.0141871   .1824647    -0.08   0.938    -.3723165    .3439423
                 |
            ln_N |   .0576502    .026567     2.17   0.030     .0055062    .1097941
       ln_N_miss |    11.4344   5.458084     2.09   0.036     .7216381    22.14716
           share |   .0515809   .0334591     1.54   0.124    -.0140904    .1172521
       sharemiss |          0  (omitted)
           MNE_f |   .0264875   .0565784     0.47   0.640    -.0845609    .1375358
           MNE_d |   .0658355   .0573646     1.15   0.251    -.0467558    .1784268
          onsite |   .0115972   .0467307     0.25   0.804    -.0801227    .1033171
         onsitem |   1.109839   4.651805     0.24   0.811    -8.020411    10.24009
             aa1 |   -.009813   .2435012    -0.04   0.968    -.4877408    .4681149
             aa2 |   .8408094   .2265582     3.71   0.000     .3961363    1.285483
             aa3 |   -.251101   .3017812    -0.83   0.406    -.8434168    .3412148
             aa4 |   .4931505   .4807849     1.03   0.305    -.4505017    1.436803
             aa5 |    .150426   .2072369     0.73   0.468    -.2563246    .5571766
             aa6 |  -.1407242   .1935503    -0.73   0.467    -.5206117    .2391632
             aa7 |  -.4409221   .3712114    -1.19   0.235    -1.169511    .2876666
             aa8 |  -.1220548   .1614965    -0.76   0.450    -.4390292    .1949196
             aa9 |   .2357586   .2230918     1.06   0.291     -.202111    .6736282
            aa10 |  -.3706722   .1753496    -2.11   0.035    -.7148365   -.0265079
            aa11 |          0  (omitted)
            aa12 |   .3582093   .4131773     0.87   0.386    -.4527474    1.169166
            aa13 |   .2598213   .2614808     0.99   0.321    -.2533956    .7730383
            aa14 |  -.1375051   .1870598    -0.74   0.462    -.5046535    .2296433
            aa15 |  -.3368138   .2257176    -1.49   0.136    -.7798372    .1062096
            aa16 |  -.1015221   .1758241    -0.58   0.564    -.4466178    .2435736
            aa17 |  -.0469287   .2823649    -0.17   0.868    -.6011355     .507278
            aa18 |          0  (omitted)
            aa19 |  -.0463877   .1615178    -0.29   0.774    -.3634039    .2706285
            aa20 |    .026086    .243478     0.11   0.915    -.4517963    .5039684
            aa21 |  -.4243484   .3114665    -1.36   0.173    -1.035674    .1869771
            aa22 |   .4633977   .2140003     2.17   0.031     .0433722    .8834231
            aa23 |   .0270732    .190831     0.14   0.887    -.3474771    .4016236
            aa24 |   -.193455   .3536958    -0.55   0.585    -.8876654    .5007553
            aa25 |   .0646698   .3957525     0.16   0.870    -.7120865    .8414262
            aa26 |  -.0181119   .1543321    -0.12   0.907    -.3210246    .2848009
            aa27 |   .0373834   .2186347     0.17   0.864    -.3917382    .4665049
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   1.262256   .2196346     5.75   0.000     .8311723     1.69334
            aa31 |   .0178607   .1883868     0.09   0.924    -.3518922    .3876137
            aa32 |  -.3649134   .3100876    -1.18   0.240    -.9735324    .2437056
            aa33 |          0  (omitted)
            aa34 |  -.3673071   .2164525    -1.70   0.090    -.7921456    .0575313
            aa35 |  -.1201122   .1560729    -0.77   0.442    -.4264416    .1862171
            aa36 |  -.0381681   .2759184    -0.14   0.890    -.5797221    .5033859
            aa37 |          0  (omitted)
            aa38 |   .0933657   .2103118     0.44   0.657    -.3194202    .5061515
            aa39 |  -.0197369   .1898086    -0.10   0.917    -.3922805    .3528067
            aa40 |   .0100971   .2201439     0.05   0.963    -.4219865    .4421807
            aa41 |  -.6034297   .3031099    -1.99   0.047    -1.198353   -.0085059
            aa42 |          0  (omitted)
            aa43 |   .0494883   .1800092     0.27   0.783    -.3038217    .4027983
            aa44 |  -.3824645   .2001524    -1.91   0.056    -.7753103    .0103812
            aa45 |  -.0710762   .2543057    -0.28   0.780    -.5702103    .4280579
            aa46 |  -.1263672   .2463787    -0.51   0.608    -.6099427    .3572083
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0133893   .0156403     0.86   0.392    -.0173086    .0440871
 reliabilitymiss |   2.294161   1.717818     1.34   0.182    -1.077456    5.665778
             dd1 |  -.0764051   .1569037    -0.49   0.626    -.3843652     .231555
             dd2 |  -.0466796   .0830076    -0.56   0.574    -.2096012    .1162421
             dd3 |   .0358791   .0794235     0.45   0.652     -.120008    .1917662
             dd4 |  -.0279713   .0743997    -0.38   0.707    -.1739979    .1180554
             dd5 |  -.0366378    .075191    -0.49   0.626    -.1842176     .110942
             dd6 |  -.0178422   .0821409    -0.22   0.828    -.1790629    .1433785
             dd7 |  -.1825642   .1158816    -1.58   0.116    -.4100087    .0448804
             dd8 |          0  (omitted)
    i_comptenure |  -.0014043   .0019469    -0.72   0.471    -.0052256    .0024171
i_comptenuremiss |  -.6017008   .2852131    -2.11   0.035    -1.161498   -.0419037
     i_seniority |  -.0262533    .027836    -0.94   0.346    -.0808879    .0283814
 i_senioritymiss |  -2.754981   2.848659    -0.97   0.334    -8.346137    2.836175
        duration |  -.0051623   .0018936    -2.73   0.007     -.008879   -.0014457
    durationmiss |  -1.004953   .3231681    -3.11   0.002    -1.639246   -.3706606
           cc_cn |          0  (omitted)
           cc_fr |   .0336529   .1647776     0.20   0.838    -.2897614    .3570673
           cc_ge |   .0233319   .1268491     0.18   0.854     -.225639    .2723029
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3641983   .3878283    -0.94   0.348    -1.125401    .3970049
           cc_jp |          0  (omitted)
           cc_po |  -.0307951   .2647043    -0.12   0.907    -.5503389    .4887487
           cc_pt |   .6660314    .275597     2.42   0.016     .1251082    1.206955
           cc_sw |   .0554907   .1490204     0.37   0.710    -.2369964    .3479779
           cc_uk |  -.0725512   .0864946    -0.84   0.402     -.242317    .0972145
           _cons |   1.758208   .3557498     4.94   0.000     1.059966     2.45645
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est3 stored)

. 
. * Zorg
. eststo: areg zorg  w_erp_oth  w_net bonus5 bonus5m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a zcount* cc* if sa1==1, clu
> ster(company_id) abs(sic)
note: yy omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: zcount7 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =       1000
                                                  F(  86,    949) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.3588
                                                  Adj R-squared   =     0.2024
                                                  Root MSE        =     0.8728

                               (Std. Err. adjusted for 950 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            zorg |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
       w_erp_oth |   .1885516   .0867882     2.17   0.030     .0182327    .3588706
           w_net |  -.1862909    .090644    -2.06   0.040    -.3641768    -.008405
          bonus5 |  -.0603418   .2207154    -0.27   0.785    -.4934883    .3728048
         bonus5m |  -6.032452   21.89654    -0.28   0.783    -49.00368    36.93877
          lpcemp |   -.041472   .0455818    -0.91   0.363    -.1309248    .0479807
         lpcempm |   -3.84557   4.469908    -0.86   0.390    -12.61762    4.926477
              yy |          0  (omitted)
       ldegree_t |   .1034577   .0324895     3.18   0.001     .0396982    .1672173
   ldegree_tmiss |   .1600428   .1189816     1.35   0.179    -.0734547    .3935403
                 |
            nobs |
              2  |  -.1148455   .3040781    -0.38   0.706    -.7115887    .4818978
              3  |   -.033004   .2903576    -0.11   0.910    -.6028213    .5368132
              4  |  -.0155535   .3130695    -0.05   0.960    -.6299421     .598835
              5  |   .1756106    .300946     0.58   0.560    -.4149861    .7662072
              6  |    .156125   .2903818     0.54   0.591    -.4137396    .7259897
              7  |   .4807541    .388123     1.24   0.216    -.2809245    1.242433
                 |
            ln_N |   .0651051   .0426874     1.53   0.128    -.0186675    .1488778
       ln_N_miss |   6.207947   4.472427     1.39   0.165    -2.569043    14.98494
           share |   .1272026   .0477076     2.67   0.008      .033578    .2208272
       sharemiss |    12.7204   4.686879     2.71   0.007     3.522561    21.91825
           MNE_f |   .1811755    .084101     2.15   0.031       .01613    .3462209
           MNE_d |   .1506934   .0876644     1.72   0.086    -.0213451    .3227318
          onsite |  -.0865176   .0697911    -1.24   0.215    -.2234804    .0504451
         onsitem |  -8.551676   6.961685    -1.23   0.220    -22.21375    5.110402
             aa1 |  -1.048318   .5443224    -1.93   0.054    -2.116533    .0198969
             aa2 |  -1.214308   .3155496    -3.85   0.000    -1.833563    -.595052
             aa3 |  -1.430429    .371679    -3.85   0.000    -2.159837   -.7010214
             aa4 |  -2.042315    .487549    -4.19   0.000    -2.999114   -1.085516
             aa5 |  -1.124842   .3364151    -3.34   0.001    -1.785045    -.464638
             aa6 |  -.7093479   .3501198    -2.03   0.043    -1.396446   -.0222494
             aa7 |  -1.276915   .4977986    -2.57   0.010    -2.253828   -.3000014
             aa8 |  -1.300842   .2551187    -5.10   0.000    -1.801504   -.8001803
             aa9 |  -.3113512   .3904508    -0.80   0.425    -1.077598    .4548955
            aa10 |  -.9927906   .2800294    -3.55   0.000    -1.542339   -.4432421
            aa11 |          0  (omitted)
            aa12 |  -1.598356   .4252357    -3.76   0.000    -2.432867    -.763845
            aa13 |  -.7970576   .3268839    -2.44   0.015    -1.438556   -.1555588
            aa14 |  -.4221852    .284654    -1.48   0.138    -.9808093    .1364388
            aa15 |  -1.620625   .3699948    -4.38   0.000    -2.346728   -.8945226
            aa16 |  -1.252817   .2877194    -4.35   0.000    -1.817457   -.6881768
            aa17 |  -1.085708    .584759    -1.86   0.064    -2.233278    .0618624
            aa18 |          0  (omitted)
            aa19 |  -.6342694   .2636572    -2.41   0.016    -1.151688   -.1168509
            aa20 |  -1.160722   .3466639    -3.35   0.001    -1.841039   -.4804058
            aa21 |  -.1833839   .5801959    -0.32   0.752    -1.321999    .9552312
            aa22 |   -2.70568   .3881261    -6.97   0.000    -3.467365   -1.943996
            aa23 |  -1.137147   .3749421    -3.03   0.002    -1.872958   -.4013353
            aa24 |  -.5214316   .4748575    -1.10   0.272    -1.453324    .4104604
            aa25 |  -1.879774    .497429    -3.78   0.000    -2.855962    -.903586
            aa26 |  -.8544802   .2525306    -3.38   0.001    -1.350063   -.3588973
            aa27 |  -.8080353   .2817476    -2.87   0.004    -1.360956   -.2551148
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |   .1300256    .365104     0.36   0.722    -.5864788      .84653
            aa31 |   -.980172   .3214195    -3.05   0.002    -1.610947   -.3493969
            aa32 |  -1.852059   .3924265    -4.72   0.000    -2.622183   -1.081935
            aa33 |          0  (omitted)
            aa34 |   -.515412   .3248402    -1.59   0.113      -1.1529    .1220761
            aa35 |   -.749366   .2476691    -3.03   0.003    -1.235408   -.2633236
            aa36 |  -.6958489   .5805433    -1.20   0.231    -1.835146    .4434482
            aa37 |          0  (omitted)
            aa38 |  -.9447681   .4367466    -2.16   0.031    -1.801869   -.0876673
            aa39 |  -.4468138   .2938243    -1.52   0.129    -1.023434    .1298067
            aa40 |  -.9764605    .546009    -1.79   0.074    -2.047985    .0950641
            aa41 |  -.7104668   .4382573    -1.62   0.105    -1.570532    .1495987
            aa42 |          0  (omitted)
            aa43 |  -1.247376   .3336857    -3.74   0.000    -1.902223   -.5925288
            aa44 |  -.6151056   .3680327    -1.67   0.095    -1.337357    .1071463
            aa45 |  -.1651772   .4401304    -0.38   0.708    -1.028918    .6985641
            aa46 |   -.562226   .4464428    -1.26   0.208    -1.438355    .3139032
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |   .0497314   .0256203     1.94   0.053    -.0005476    .1000105
 reliabilitymiss |   5.553944   2.801152     1.98   0.048     .0567755    11.05111
             dd1 |  -.0929741   .2282264    -0.41   0.684    -.5408608    .3549126
             dd2 |  -.0246743   .1570134    -0.16   0.875    -.3328079    .2834594
             dd3 |   .2057042   .1404244     1.46   0.143     -.069874    .4812823
             dd4 |   .0725458   .1384265     0.52   0.600    -.1991117    .3442033
             dd5 |  -.0566742   .1358958    -0.42   0.677    -.3233652    .2100168
             dd6 |  -.0314301   .1421759    -0.22   0.825    -.3104456    .2475855
             dd7 |   .0990417   .1800631     0.55   0.582    -.2543262    .4524096
             dd8 |          0  (omitted)
    i_comptenure |  -.0061741   .0031701    -1.95   0.052    -.0123952    .0000471
i_comptenuremiss |   -.748007   .4289189    -1.74   0.081    -1.589746     .093732
     i_seniority |    .025935   .0442784     0.59   0.558    -.0609599    .1128299
 i_senioritymiss |   2.555977   4.522274     0.57   0.572    -6.318835    11.43079
        duration |  -.0021402   .0030386    -0.70   0.481    -.0081033     .003823
    durationmiss |   .1572466   .5374052     0.29   0.770    -.8973934    1.211887
          zcount |   .0092729   .1873549     0.05   0.961    -.3584049    .3769508
         zcount4 |   .5997177    .374292     1.60   0.109    -.1348179    1.334253
         zcount5 |    .320195    .220208     1.45   0.146     -.111956    .7523459
         zcount6 |   .3062611   .3541998     0.86   0.387    -.3888442    1.001366
         zcount7 |          0  (omitted)
           cc_cn |          0  (omitted)
           cc_fr |  -.1559357   .3091389    -0.50   0.614    -.7626106    .4507393
           cc_ge |  -.5224892    .223079    -2.34   0.019    -.9602742   -.0847041
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |   .4201652   .3968949     1.06   0.290    -.3587279    1.199058
           cc_jp |          0  (omitted)
           cc_po |  -.7744649   .5412774    -1.43   0.153    -1.836704     .287774
           cc_pt |  -.4283442   .4031069    -1.06   0.288    -1.219428    .3627398
           cc_sw |   .2169058   .3088057     0.70   0.483    -.3891151    .8229267
           cc_uk |   .1239853   .1457383     0.85   0.395    -.1620212    .4099918
           _cons |   .1631142   .9420999     0.17   0.863    -1.685726    2.011954
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (110 categories)
(est4 stored)

. * Pace
. eststo: xi: dprobit pace  w_workstation w_net bonus5 bonus5m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* i.sic  if sa
> 3==1 , cluster(company_id) 
i.nobs            _Inobs_1-7          (naturally coded; _Inobs_1 omitted)
i.sic             _Isic_201-671       (naturally coded; _Isic_201 omitted)

note: yy dropped because of collinearity
note: onsitem dropped because of collinearity
note: aa1 dropped because of collinearity
note: aa2 dropped because of collinearity
note: aa4 dropped because of collinearity
note: aa7 dropped because of collinearity
note: aa9 dropped because of collinearity
note: aa11 dropped because of collinearity
note: aa12 dropped because of collinearity
note: aa13 dropped because of collinearity
note: aa17 dropped because of collinearity
note: aa18 dropped because of collinearity
note: aa20 dropped because of collinearity
note: aa22 dropped because of collinearity
note: aa24 dropped because of collinearity
note: aa27 dropped because of collinearity
note: aa28 dropped because of collinearity
note: aa29 dropped because of collinearity
note: aa30 dropped because of collinearity
note: aa33 dropped because of collinearity
note: aa34 dropped because of collinearity
note: aa37 dropped because of collinearity
note: aa40 dropped because of collinearity
note: aa41 dropped because of collinearity
note: aa42 dropped because of collinearity
note: aa44 dropped because of collinearity
note: aa45 dropped because of collinearity
note: aa46 dropped because of collinearity
note: aa47 dropped because of collinearity
note: aa48 dropped because of collinearity
note: dd7 dropped because of collinearity
note: i_comptenuremiss dropped because of collinearity
note: cc_cn dropped because of collinearity
note: cc_gr dropped because of collinearity
note: cc_in dropped because of collinearity
note: cc_jp dropped because of collinearity
note: cc_pt dropped because of collinearity
note: _Isic_203 dropped because of collinearity
note: _Isic_204 dropped because of collinearity
note: _Isic_207 dropped because of collinearity
note: _Isic_208 dropped because of collinearity
note: _Isic_209 dropped because of collinearity
note: _Isic_211 dropped because of collinearity
note: _Isic_214 dropped because of collinearity
note: _Isic_225 dropped because of collinearity
note: _Isic_226 dropped because of collinearity
note: _Isic_227 dropped because of collinearity
note: _Isic_233 dropped because of collinearity
note: _Isic_235 dropped because of collinearity
note: _Isic_238 dropped because of collinearity
note: _Isic_239 dropped because of collinearity
note: _Isic_242 dropped because of collinearity
note: _Isic_243 dropped because of collinearity
note: _Isic_245 dropped because of collinearity
note: _Isic_249 dropped because of collinearity
note: _Isic_252 dropped because of collinearity
note: _Isic_261 dropped because of collinearity
note: _Isic_271 dropped because of collinearity
note: _Isic_272 dropped because of collinearity
note: _Isic_278 dropped because of collinearity
note: _Isic_281 dropped because of collinearity
note: _Isic_283 dropped because of collinearity
note: _Isic_284 dropped because of collinearity
note: _Isic_301 dropped because of collinearity
note: _Isic_302 dropped because of collinearity
note: _Isic_305 dropped because of collinearity
note: _Isic_311 dropped because of collinearity
note: _Isic_321 dropped because of collinearity
note: _Isic_322 dropped because of collinearity
note: _Isic_324 dropped because of collinearity
note: _Isic_325 dropped because of collinearity
note: _Isic_327 dropped because of collinearity
note: _Isic_328 dropped because of collinearity
note: _Isic_329 dropped because of collinearity
note: _Isic_332 dropped because of collinearity
note: _Isic_334 dropped because of collinearity
note: _Isic_335 dropped because of collinearity
note: _Isic_336 dropped because of collinearity
note: _Isic_339 dropped because of collinearity
note: _Isic_341 dropped because of collinearity
note: _Isic_343 dropped because of collinearity
note: _Isic_345 dropped because of collinearity
note: _Isic_346 dropped because of collinearity
note: _Isic_348 dropped because of collinearity
note: _Isic_351 dropped because of collinearity
note: _Isic_353 dropped because of collinearity
note: _Isic_358 dropped because of collinearity
note: _Isic_359 dropped because of collinearity
note: _Isic_361 dropped because of collinearity
note: _Isic_365 dropped because of collinearity
note: _Isic_367 dropped because of collinearity
note: _Isic_373 dropped because of collinearity
note: _Isic_375 dropped because of collinearity
note: _Isic_379 dropped because of collinearity
note: _Isic_382 dropped because of collinearity
note: _Isic_391 dropped because of collinearity
note: _Isic_394 dropped because of collinearity
note: _Isic_395 dropped because of collinearity
note: _Isic_514 dropped because of collinearity
Iteration 0:   log pseudolikelihood = -273.73035
Iteration 1:   log pseudolikelihood = -195.23213
Iteration 2:   log pseudolikelihood = -186.67889
Iteration 3:   log pseudolikelihood = -185.47978
Iteration 4:   log pseudolikelihood = -185.38052
Iteration 5:   log pseudolikelihood = -185.35925
Iteration 6:   log pseudolikelihood = -185.35283
Iteration 7:   log pseudolikelihood =  -185.3508
Iteration 8:   log pseudolikelihood = -185.35015
Iteration 9:   log pseudolikelihood = -185.34993
Iteration 10:  log pseudolikelihood = -185.34986
Iteration 11:  log pseudolikelihood = -185.34984
Iteration 12:  log pseudolikelihood = -185.34983
Iteration 13:  log pseudolikelihood = -185.34982
Iteration 14:  log pseudolikelihood = -185.34982
Iteration 15:  log pseudolikelihood = -185.34982
Iteration 16:  log pseudolikelihood = -185.34982
Iteration 17:  log pseudolikelihood = -185.34982
Iteration 18:  log pseudolikelihood = -185.34982
Iteration 19:  log pseudolikelihood = -185.34982
Iteration 20:  log pseudolikelihood = -185.34982

Probit regression, reporting marginal effects           Number of obs =    649
                                                        Wald chi2(107)=      .
                                                        Prob > chi2   =      .
Log pseudolikelihood = -185.34982                       Pseudo R2     = 0.3229

                           (Std. Err. adjusted for 614 clusters in company_id)
------------------------------------------------------------------------------
         |               Robust
    pace |      dF/dx   Std. Err.      z    P>|z|     x-bar  [    95% C.I.   ]
---------+--------------------------------------------------------------------
w_work~n |   .1044081   .0451052     2.38   0.017   .028197   .016003  .192813
   w_net |  -.0350164   .0241184    -1.45   0.148   .362801  -.082288  .012255
  bonus5 |   .0321816   .0508749     0.63   0.528  -37.8549  -.067531  .131895
 bonus5m*|          1   3.04e-36     0.62   0.535   .383667         1        1
  lpcemp |   .0162463   .0135637     1.21   0.228  -2.52755  -.010338  .042831
 lpcempm*|   .9709809   .0152693     1.28   0.199   .016949   .941054  1.00091
ldegre~t |    .032343   .0100539     3.17   0.002   2.02669   .012638  .052048
ldegre~s*|   .1104499   .0711913     2.08   0.038   .127889  -.029082  .249982
_Inobs_2*|  -.0698924   .0117805    -7.36   0.000   .024653  -.092982 -.046803
_Inobs_3*|  -.0377297   .0297376    -0.80   0.422   .047766  -.096014  .020555
_Inobs_4*|    -.04986   .0137781    -1.55   0.122   .046225  -.076864 -.022855
_Inobs_5*|   .0304956   .0656715     0.54   0.590   .109399  -.098218  .159209
_Inobs_6*|   .0018126   .0422265     0.04   0.966   .699538   -.08095  .084575
_Inobs_7*|   .0251207   .0778496     0.37   0.710   .035439  -.127462  .177703
    ln_N |    .003568    .010405     0.35   0.729   4.17367  -.016825  .023961
ln_N_m~s*|   .9300591   .5859952     0.36   0.719   .016949   -.21847  2.07859
   share |  -.0025402   .0136007    -0.19   0.853  -8.33264  -.029197  .024117
sharem~s*|  -.0741965   .1385233    -0.19   0.853   .077042  -.345697  .197304
   MNE_f*|   .0369214   .0268358     1.44   0.150   .371341  -.015676  .089519
   MNE_d*|   .0230155   .0256931     0.94   0.348    .31433  -.027342  .073373
  onsite*|  -.0071661   .0176763    -0.41   0.680   .607088  -.041811  .027479
     aa3*|  -.0498801   .0143199    -1.14   0.254   .013867  -.077947 -.021814
     aa5*|  -.0552547   .0096899    -2.82   0.005   .013867  -.074247 -.036263
     aa6*|  -.0715168   .0156911    -2.31   0.021    .09245  -.102271 -.040763
     aa8*|  -.0629179   .0108444    -3.12   0.002   .038521  -.084173 -.041663
    aa10*|   .0246134   .1125946     0.25   0.802   .026194  -.196068  .245295
    aa14*|  -.0940147   .0201446    -3.22   0.001   .120185  -.133497 -.054532
    aa15*|  -.0599803   .0167044    -1.38   0.169   .060092   -.09272  -.02724
    aa16*|  -.0690381   .0122323    -3.14   0.002   .058552  -.093013 -.045063
    aa19*|  -.0548697   .0111977    -1.66   0.097   .030817  -.076817 -.032922
    aa21*|    -.02867   .0540049    -0.38   0.706   .006163  -.134518  .077178
    aa23*|  -.0980165   .0195299    -3.83   0.000   .104777  -.136294 -.059739
    aa25*|  -.0810749   .0130504        .       .   .035439  -.106653 -.055497
    aa26*|  -.0679728   .0113674    -3.35   0.001   .043143  -.090252 -.045693
    aa31*|   -.073905   .0144133    -2.95   0.003   .070878  -.102155 -.045655
    aa32*|  -.0422343   .0258969    -0.85   0.394   .026194  -.092991  .008523
    aa35*|  -.0694939   .0134068    -2.67   0.008   .077042  -.095771 -.043217
    aa36*|   .9677577   .0066347     6.23   0.000    .03698   .954754  .980761
    aa38*|  -.0548331   .0099008    -1.77   0.076    .01849  -.074238 -.035428
    aa39*|  -.0881975   .0173638    -3.38   0.001   .100154   -.12223 -.054165
    aa43*|  -.0378811   .0315227    -0.70   0.483   .020031  -.099664  .023902
reliab~y |  -.0113783   .0068048    -1.74   0.083   7.45917  -.024715  .001959
reliab~s*|  -.0612889   .0124454    -1.55   0.121   .007704  -.085681 -.036896
     dd1*|   -.026173   .0378667    -0.52   0.600   .026194   -.10039  .048044
     dd2*|  -.0468741   .0246921    -1.24   0.213   .115562   -.09527  .001521
     dd3*|  -.0540994   .0257277    -1.47   0.142   .171032  -.104525 -.003674
     dd4*|  -.0464186   .0308422    -1.16   0.248   .189522  -.106868  .014031
     dd5*|  -.0504377   .0298984    -1.28   0.200   .198767  -.109038  .008162
     dd6*|  -.0637919   .0160862    -2.31   0.021   .114022   -.09532 -.032264
     dd8*|   -.028682    .037992    -0.63   0.530   .152542  -.103145  .045781
i_comp~e |    .000218   .0007337     0.30   0.767   13.9521   -.00122  .001656
i_seni~y |  -.0080364   .0100043    -0.80   0.422   1.51772  -.027644  .011572
i_seni~s*|  -.0646435   .0196693    -0.82   0.413   .013867  -.103195 -.026092
duration |  -.0004084   .0007518    -0.54   0.589   44.7211  -.001882  .001065
durati~s*|  -.0456302   .0310204    -0.60   0.551   .015408  -.106429  .015169
   cc_fr*|   .0124031   .1021555     0.13   0.897   .120185  -.187818  .212624
   cc_ge*|   .1604502   .1421485     1.60   0.110   .186441  -.118156  .439056
   cc_it*|   .9635171    .007279     6.12   0.000   .032357    .94925  .977784
   cc_po*|  -.0821477   .0131804        .       .   .035439  -.107981 -.056315
   cc_sw*|   .4386874    .195704     3.22   0.001   .183359   .055115   .82226
   cc_uk*|   .0645486   .0598478     1.30   0.195   .278891  -.052751  .181848
_Isi~202*|  -.0339027   .0286062    -0.75   0.452   .016949   -.08997  .022164
_Isi~205*|    .004256   .0729632     0.06   0.952   .016949  -.138749  .147261
_Isi~206*|  -.0155269   .0747385    -0.18   0.858   .009245  -.162012  .130958
_Isi~221*|   .1229919   .2570398     0.70   0.487   .004622  -.380797  .626781
_Isi~224*|  -.0085871   .0733263    -0.11   0.914   .003082  -.152304   .13513
_Isi~228*|  -.0010511   .0712421    -0.01   0.988   .009245  -.140683  .138581
_Isi~229*|  -.0463187   .0154126    -1.16   0.245   .016949  -.076527 -.016111
_Isi~232*|  -.0287159   .0426506    -0.47   0.635   .010786   -.11231  .054878
_Isi~251*|   .0652558   .1479251     0.59   0.558    .01849  -.224672  .355184
_Isi~254*|   .2582479    .337068     1.19   0.233   .003082  -.402393  .918889
_Isi~262*|   .0230701    .075113     0.35   0.724   .033898  -.124149  .170289
_Isi~265*|  -.0427557   .0200543    -1.08   0.280   .035439  -.082061  -.00345
_Isi~267*|  -.0427608   .0195671    -1.05   0.295   .020031  -.081112  -.00441
_Isi~273*|  -.0251114   .0490433    -0.38   0.703   .009245  -.121235  .071012
_Isi~274*|   .6444514   .3649838     2.05   0.040   .003082  -.070904  1.35981
_Isi~275*|  -.0421682   .0186676    -1.16   0.246   .029276  -.078756  -.00558
_Isi~279*|   .5313326    .405707     1.77   0.076   .003082  -.263838   1.3265
_Isi~282*|  -.0535548    .009498    -1.88   0.060   .021572  -.072171 -.034939
_Isi~285*|  -.0555325   .0092149    -2.21   0.027   .023112  -.073593 -.037472
_Isi~286*|  -.0450686   .0159706    -1.16   0.245   .010786   -.07637 -.013767
_Isi~287*|  -.0399497   .0225039    -0.93   0.350   .015408  -.084057  .004157
_Isi~289*|  -.0346318   .0268778    -0.80   0.426    .01849  -.087311  .018048
_Isi~299*|  -.0326105   .0364592    -0.57   0.570   .004622  -.104069  .038848
_Isi~306*|  -.0060875   .0620452    -0.09   0.926   .020031  -.127694  .115519
_Isi~308*|  -.0327415   .0285432    -0.81   0.419   .080123  -.088685  .023202
_Isi~323*|  -.0291072   .0608986    -0.33   0.739   .007704  -.148466  .090252
_Isi~326*|  -.0088938    .077363    -0.11   0.915   .010786  -.160523  .142735
_Isi~331*|  -.0417728   .0198675    -1.07   0.286   .023112  -.080712 -.002833
_Isi~333*|   -.035764   .0284982    -0.75   0.451   .020031  -.091619  .020091
_Isi~342*|   .0415777   .1476641     0.35   0.728   .006163  -.247839  .330994
_Isi~344*|  -.0170604   .0472918    -0.31   0.759   .023112  -.109751   .07563
_Isi~347*|   .9505727   .0088808        .       .   .003082   .933167  .967979
_Isi~349*|  -.0536513   .0135899    -1.81   0.071    .07396  -.080287 -.027016
_Isi~352*|  -.0163017   .0588413    -0.24   0.813   .006163  -.131629  .099025
_Isi~354*|  -.0540475   .0098776    -1.88   0.060   .026194  -.073407 -.034688
_Isi~355*|  -.0485627   .0148596    -1.50   0.134   .050847  -.077687 -.019439
_Isi~356*|  -.0483198   .0144597    -1.52   0.128   .050847   -.07666 -.019979
_Isi~357*|  -.0468771    .015262    -1.07   0.284   .007704   -.07679 -.016964
_Isi~362*|  -.0466404   .0152239    -1.43   0.152   .040062  -.076479 -.016802
_Isi~363*|  -.0483185    .012674    -1.22   0.222   .007704  -.073159 -.023478
_Isi~364*|  -.0484649   .0124063    -1.54   0.123   .020031  -.072781 -.024149
_Isi~366*|    .026743   .0910735     0.34   0.731   .015408  -.151758  .205244
_Isi~369*|  -.0501176   .0118217    -1.48   0.139   .023112  -.073288 -.026948
_Isi~371*|  -.0591634    .009592    -2.33   0.020   .052388  -.077963 -.040363
_Isi~372*|  -.0504311    .011584    -1.16   0.245   .013867  -.073135 -.027727
_Isi~374*|  -.0363986   .0336446    -0.62   0.538   .004622  -.102341  .029544
_Isi~381*|  -.0446733   .0183308    -1.04   0.297   .020031  -.080601 -.008746
_Isi~384*|  -.0402985   .0225658    -0.92   0.359    .01849  -.084527   .00393
_Isi~399*|  -.0408617   .0259205    -0.77   0.442   .009245  -.091665  .009941
_Isi~671*|   .0638037   .1553357     0.54   0.589   .006163  -.240649  .368256
---------+--------------------------------------------------------------------
  obs. P |   .1494607
 pred. P |   .0519723  (at x-bar)
------------------------------------------------------------------------------
(*) dF/dx is for discrete change of dummy variable from 0 to 1
    z and P>|z| correspond to the test of the underlying coefficient being 0 (est5 stored)

. * PM span 
. eststo: areg lspa  w_workstation    w_net bonus5 bonus5m lpcemp lpcempm yy* ldegree_t* $collapse $firm $noise_a cc* if levels_ceopm>
> 0& sa4==1 , cluster(company_id) abs(sic)
note: yy omitted because of collinearity
note: sharemiss omitted because of collinearity
note: aa11 omitted because of collinearity
note: aa18 omitted because of collinearity
note: aa28 omitted because of collinearity
note: aa29 omitted because of collinearity
note: aa33 omitted because of collinearity
note: aa37 omitted because of collinearity
note: aa42 omitted because of collinearity
note: aa47 omitted because of collinearity
note: aa48 omitted because of collinearity
note: dd8 omitted because of collinearity
note: cc_cn omitted because of collinearity
note: cc_gr omitted because of collinearity
note: cc_in omitted because of collinearity
note: cc_jp omitted because of collinearity

Linear regression, absorbing indicators           Number of obs   =        902
                                                  F(  81,    858) =          .
                                                  Prob > F        =          .
                                                  R-squared       =     0.2180
                                                  Adj R-squared   =     0.0118
                                                  Root MSE        =     0.5227

                               (Std. Err. adjusted for 859 clusters in company_id)
----------------------------------------------------------------------------------
                 |               Robust
            lspa |      Coef.   Std. Err.      t    P>|t|     [95% Conf. Interval]
-----------------+----------------------------------------------------------------
   w_workstation |   .2467112   .1153865     2.14   0.033     .0202384    .4731841
           w_net |   -.018493   .0578304    -0.32   0.749    -.1319986    .0950126
          bonus5 |   .1745077   .1276673     1.37   0.172    -.0760692    .4250845
         bonus5m |    17.2164   12.66725     1.36   0.174    -7.646026    42.07882
          lpcemp |   .0055531   .0302406     0.18   0.854    -.0538011    .0649074
         lpcempm |   .6340996   2.977781     0.21   0.831    -5.210488    6.478688
              yy |          0  (omitted)
       ldegree_t |   .0393294   .0231274     1.70   0.089    -.0060635    .0847223
   ldegree_tmiss |   .1939829   .0812021     2.39   0.017     .0346049    .3533609
                 |
            nobs |
              2  |  -.0244653   .1865902    -0.13   0.896    -.3906921    .3417614
              3  |  -.0096246   .1889889    -0.05   0.959    -.3805593    .3613101
              4  |   .0845874   .1753464     0.48   0.630    -.2595706    .4287455
              5  |  -.0016014   .1511477    -0.01   0.992    -.2982638    .2950611
              6  |   .0309233   .1435615     0.22   0.830    -.2508495    .3126961
              7  |   .0011501   .1814448     0.01   0.995    -.3549775    .3572777
                 |
            ln_N |   .0585925   .0263007     2.23   0.026     .0069712    .1102138
       ln_N_miss |   11.40019   5.399095     2.11   0.035       .80321    21.99717
           share |    .049937   .0331534     1.51   0.132    -.0151343    .1150082
       sharemiss |          0  (omitted)
           MNE_f |   .0282197   .0563644     0.50   0.617    -.0824086     .138848
           MNE_d |   .0568405    .057501     0.99   0.323    -.0560185    .1696996
          onsite |   .0030382   .0473975     0.06   0.949    -.0899905    .0960668
         onsitem |   .2790806   4.718311     0.06   0.953    -8.981702    9.539863
             aa1 |   .0450812   .2463162     0.18   0.855    -.4383716    .5285341
             aa2 |   .8594446    .223175     3.85   0.000     .4214117    1.297478
             aa3 |  -.2389524   .2972422    -0.80   0.422    -.8223595    .3444547
             aa4 |   .5109563   .4739077     1.08   0.281    -.4191979     1.44111
             aa5 |   .2017817   .2085451     0.97   0.334    -.2075365       .6111
             aa6 |  -.1253169    .195591    -0.64   0.522    -.5092097    .2585759
             aa7 |  -.5015554   .3785711    -1.32   0.186    -1.244589    .2414785
             aa8 |  -.0924668    .161027    -0.57   0.566    -.4085198    .2235862
             aa9 |   .2707096    .215913     1.25   0.210      -.15307    .6944892
            aa10 |  -.3211362   .1814883    -1.77   0.077    -.6773493    .0350769
            aa11 |          0  (omitted)
            aa12 |   .4030341   .4091763     0.98   0.325    -.4000697    1.206138
            aa13 |   .3001641   .2573804     1.17   0.244    -.2050049    .8053331
            aa14 |  -.0968911    .186016    -0.52   0.603    -.4619909    .2682087
            aa15 |  -.3172195   .2251637    -1.41   0.159    -.7591557    .1247166
            aa16 |  -.0512464   .1761833    -0.29   0.771    -.3970471    .2945544
            aa17 |  -.0227153   .2868232    -0.08   0.937    -.5856726    .5402421
            aa18 |          0  (omitted)
            aa19 |  -.0441103   .1624781    -0.27   0.786    -.3630113    .2747908
            aa20 |   .0666863   .2368139     0.28   0.778    -.3981161    .5314888
            aa21 |  -.3379314   .2983121    -1.13   0.258    -.9234383    .2475755
            aa22 |   .5618241   .2249785     2.50   0.013     .1202513    1.003397
            aa23 |    .058413   .1931653     0.30   0.762    -.3207189    .4375449
            aa24 |  -.1247214   .3416851    -0.37   0.715     -.795358    .5459151
            aa25 |   .1126439   .3889398     0.29   0.772    -.6507409    .8760288
            aa26 |   .0074083   .1534709     0.05   0.962     -.293814    .3086306
            aa27 |   .0981233   .2218539     0.44   0.658    -.3373167    .5335632
            aa28 |          0  (omitted)
            aa29 |          0  (omitted)
            aa30 |    1.25767   .2168035     5.80   0.000     .8321426    1.683197
            aa31 |   .0487532   .1896571     0.26   0.797    -.3234931    .4209994
            aa32 |   -.329085   .3331535    -0.99   0.324    -.9829763    .3248063
            aa33 |          0  (omitted)
            aa34 |  -.3691086   .2107416    -1.75   0.080     -.782738    .0445207
            aa35 |  -.0472474   .1588109    -0.30   0.766    -.3589507    .2644559
            aa36 |   .0104219   .2849475     0.04   0.971    -.5488539    .5696977
            aa37 |          0  (omitted)
            aa38 |   .1380501   .2119609     0.65   0.515    -.2779725    .5540726
            aa39 |   .0174114   .1873113     0.09   0.926    -.3502306    .3850534
            aa40 |   .0340689   .2217678     0.15   0.878     -.401202    .4693398
            aa41 |  -.5551197   .3094157    -1.79   0.073     -1.16242    .0521806
            aa42 |          0  (omitted)
            aa43 |   .0744879   .1758439     0.42   0.672    -.2706467    .4196225
            aa44 |  -.3611898   .2021336    -1.79   0.074     -.757924    .0355443
            aa45 |  -.0595668   .2506568    -0.24   0.812    -.5515391    .4324055
            aa46 |  -.0816385   .2543761    -0.32   0.748    -.5809108    .4176337
            aa47 |          0  (omitted)
            aa48 |          0  (omitted)
     reliability |    .007811   .0158996     0.49   0.623    -.0233957    .0390177
 reliabilitymiss |   1.710483   1.750936     0.98   0.329    -1.726136    5.147102
             dd1 |  -.0835748   .1591926    -0.52   0.600    -.3960273    .2288777
             dd2 |  -.0432344   .0828891    -0.52   0.602    -.2059237    .1194548
             dd3 |   .0283499   .0792185     0.36   0.721    -.1271349    .1838347
             dd4 |  -.0241434   .0747343    -0.32   0.747    -.1708268    .1225401
             dd5 |  -.0319949   .0749344    -0.43   0.670    -.1790712    .1150814
             dd6 |  -.0215443    .081743    -0.26   0.792    -.1819839    .1388953
             dd7 |  -.1915263   .1162078    -1.65   0.100    -.4196111    .0365584
             dd8 |          0  (omitted)
    i_comptenure |  -.0016989   .0019073    -0.89   0.373    -.0054424    .0020447
i_comptenuremiss |  -.6106172   .2722776    -2.24   0.025    -1.145025   -.0762091
     i_seniority |  -.0308907   .0271871    -1.14   0.256    -.0842517    .0224703
 i_senioritymiss |  -3.220925   2.782009    -1.16   0.247    -8.681265    2.239414
        duration |    -.00516   .0018938    -2.72   0.007    -.0088771   -.0014428
    durationmiss |  -1.051877   .3274016    -3.21   0.001    -1.694479   -.4092749
           cc_cn |          0  (omitted)
           cc_fr |   .0062834   .1704472     0.04   0.971    -.3282589    .3408258
           cc_ge |   .0176354   .1280101     0.14   0.890    -.2336142    .2688849
           cc_gr |          0  (omitted)
           cc_in |          0  (omitted)
           cc_it |  -.3651493   .3852327    -0.95   0.343    -1.121258    .3909595
           cc_jp |          0  (omitted)
           cc_po |  -.0636287   .2773124    -0.23   0.819    -.6079189    .4806615
           cc_pt |   .7482913   .2781518     2.69   0.007     .2023537    1.294229
           cc_sw |   .0316938    .151253     0.21   0.834    -.2651755    .3285631
           cc_uk |   -.083204   .0864765    -0.96   0.336    -.2529343    .0865263
           _cons |   1.802206   .3562008     5.06   0.000     1.103079    2.501333
-----------------+----------------------------------------------------------------
             sic |   absorbed                                     (107 categories)
(est6 stored)

. esttab using TableA7_marg.csv, replace stats(N, fmt(%9.0f %9.0g)) cells(b(nostar fmt(3))) star(* 0.10 ** 0.05 *** 0.01) keep(w_net w
> _workstation bonus5 bonus2 w_erp_oth) nogap margin
(note: file TableA7_marg.csv not found)
(output written to TableA7_marg.csv)

. 
. 
. cap log close
