	(1)	(2)	(3)
	reg1	reg2	reg3
VARIABLES	lnMA_nbr_sum18	lnMerge_flow	lnMerge_OFDI_sum18
			
Bartik_ex_JPM_USratio	-0.4491**	0.3101	
	(0.1842)	(0.6643)	
Bartik_ex_JIE_USratio			-2.3443***
			(0.7402)
			
Observations	5,136	5,136	5,136
Adjusted R-squared	0.6428	-0.1446	0.6922
Robust standard errors in parentheses			
*** p<0.01, ** p<0.05, * p<0.1			
