• 1 Introduction
  • 2 Theoretical framework
  • 3 Empirical study
  • 3.1 Data
  • 3.2 Descriptive statistics
  • 3.3 Model
  • 4 Results
  • 5 Discussion and recommendations
  • 6 Concluding remarks and limitations
  • 7 Annex
  • 7.1 Industry breakdown
  • 7.2 Descriptive statistics and correlation statistics
  • 8 References