Local and foreign | Local | Foreign | ||||
---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | |
Panel A | ||||||
Foreign experience | −0.007 | −0.007 | −0.013 | −0.014 | 0.015 | 0.008 |
(0.017) | (0.017) | (0.019) | (0.019) | (0.041) | (0.043) | |
Constant | 0.146 | 0.178 | 0.140 | 0.154 | 0.165 | 0.317 |
(0.011)*** | (0.039)*** | (0.013)*** | (0.042)*** | (0.026)*** | (0.103)*** | |
Controls | No | Yes | No | Yes | No | Yes |
N | 1938 | 1938 | 1538 | 1538 | 400 | 400 |
R2 | 0.000 | 0.019 | 0.000 | 0.024 | 0.000 | 0.039 |
Panel B | ||||||
Malaysia | −0.015 | −0.018 | −0.012 | −0.016 | −0.025 | −0.039 |
(0.020) | (0.020) | (0.022) | (0.022) | (0.047) | (0.048) | |
Singapore | 0.000 | 0.003 | −0.014 | −0.011 | 0.050 | 0.047 |
(0.021) | (0.021) | (0.022) | (0.022) | (0.051) | (0.053) | |
Constant | 0.146 | 0.179 | 0.140 | 0.154 | 0.165 | 0.319 |
(0.011)*** | (0.039)*** | (0.013)*** | (0.042)*** | (0.026)*** | (0.105)*** | |
Controls | No | Yes | No | Yes | No | Yes |
F(Singapore = Malaysia) | 0.46 | 0.84 | 0.01 | 0.03 | 1.95 | 2.46 |
N | 1938 | 1938 | 1538 | 1538 | 400 | 400 |
R2 | 0.000 | 0.019 | 0.000 | 0.024 | 0.005 | 0.045 |