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Table 9: Determinants of Revenue Hiding - OLS Regression
(Significance levels: 10% - *; 5% - **; 1% - ***)
Percent of Revenues Hidden
Estimated Robust
coefficient std.
error
State-owned enterprise
-0.46
1.30
Log employment
-2.30***
0.32
Foreign ownership
-4.63***
1.14
Monopoly -8.80***
1.44
1-3 competitors
-2.25**
1.15
Exporter -0.30
1.09
Personal-service sector
3.61*
2.11
Transportation sector
2.71
2.02
Wholesale sector
1.75
1.43
Retail sector
0.60
1.42
Construction sector
0.31
1.57
Other sector
-0.79
3.29
Resource sector
-1.47
1.53
Business-service sector
-1.55
1.93
Finance sector
-8.07***
2.29
N 3573 R
2
.187
Notes: Private, no foreign ownership, more than three competitors, non-exporters, and manufacturing firms omitted categories. Constant and country and town-size dummies included.
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