Industries;"Dependent variable: short-term liabilities"
;"Average fixed effect";"Wald test p-value"
2012
Agriculture;–0.20;–
Construction;0.16;–
"Manufacturing; electric, gas, and sanitary";0.03;0.34
"Mining, transport; vehicle trade";–0.01;0.50
"Retail trade";–0.09;–
"Wholesale trade";0.09;–
2013
Agriculture;–0.20;–
Construction;0.16;–
"Electric, gas, and sanitary";0.03;–
Manufacturing;0.02;–
"Mining, transport, vehicle trade";–0.01;0.43
"Retail trade";–0.10;–
"Wholesale trade";0.08;–
2014
Agriculture;–0.20;–
Construction;0.15;–
"Electric, gas, and sanitary";0.04;–
Manufacturing;0.02;–
"Mining; transport";0.00;0.74
"Retail trade";–0.10;–
"Vehicle trade";–0.02;–
"Wholesale trade";0.07;–
2015
Agriculture;–0.21;–
Construction;0.15;–
"Electric, gas, and sanitary";0.04;–
Manufacturing;0.02;–
"Mining; transport";0.00;0.77
"Retail trade";–0.10;–
"Vehicle trade";–0.04;–
"Wholesale trade";0.06;–