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Appendix A ESTONIA Table 5_Base scenario: Estonia – imports from foreign owner

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Appendix A

ESTONIA

Table 5_Base scenario: Estonia – imports from foreign owner

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.330892 0.031093 10.64203 0.0000 HUN -0.010702 0.041762 -0.256253 0.7979 POL 0.070841 0.039119 1.810917 0.0711 SLO -0.011000 0.045614 -0.241151 0.8096 SLK 0.043221 0.045403 0.951944 0.3418 HUN*IMPORTPERC_OWNER 0.001176 0.001004 1.172140 0.2420 POL*IMPORTPERC_OWNER -0.000587 0.000880 -0.667004 0.5052 SLO*IMPORTPERC_OWNER 0.000873 0.001076 0.811360 0.4177 SLK*IMPORTPERC_OWNER 0.000959 0.000967 0.991385 0.3222 IMPORTPERC_OWNER 0.000929 0.000733 1.267597 0.2058

Table 6_Base scenario: Estonia – imports from other subsidiaries

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Table 7_Base scenario: Estonia – large subsidiaries (> 500 employees)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.382653 0.025280 15.13647 0.0000 SLK 0.038821 0.035232 1.101870 0.2713 HUN -0.034827 0.036330 -0.958633 0.3384 POL 0.021230 0.031543 0.673040 0.5014 SLO -0.031895 0.036753 -0.867828 0.3861 SLK*LARGE_COMP 0.349003 0.084969 4.107432 0.0001 HUN*LARGE_COMP 0.296778 0.082827 3.583114 0.0004 POL*LARGE_COMP 0.248682 0.071670 3.469801 0.0006 SLO*LARGE_COMP 0.339038 0.091634 3.699927 0.0003 LARGE_COMP -0.202296 0.061405 -3.294432 0.0011

Table 8_Base scenario: Estonia – business lines between 1 and 5

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.339171 0.025212 13.45285 0.0000 HUN -0.000787 0.040463 -0.019460 0.9845 POL 0.062344 0.040463 1.540766 0.1243 SLO 0.033225 0.051976 0.639235 0.5231 SLK 0.072593 0.040097 1.810435 0.0711 HUN*LINES_1_5 -0.008828 0.087352 -0.101062 0.9196 POL*LINES_1_5 -0.057499 0.082119 -0.700194 0.4843 SLO*LINES_1_5 -0.078363 0.091332 -0.858010 0.3915 SLK*LINES_1_5 -0.000754 0.086426 -0.008729 0.9930 LINES_1_5 0.077495 0.073195 1.058752 0.2905

Table 9_Base scenario: Estonia – business lines between 5 and 50

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Table 10_Base scenario: Estonia – business lines more than 50

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.392857 0.029455 13.33774 0.0000 HUN -0.027024 0.039076 -0.691573 0.4897 POL 0.021673 0.033902 0.639277 0.5231 SLO -0.020190 0.039076 -0.516699 0.6057 SLK 0.058036 0.038161 1.520803 0.1292 HUN*LINES_50 0.143426 0.082219 1.744447 0.0820 POL*LINES_50 0.210470 0.138575 1.518815 0.1297 SLO*LINES_50 0.102333 0.139931 0.731313 0.4651 SLK*LINES_50 0.090774 0.087954 1.032065 0.3028 LINES_50 -0.125000 0.049371 -2.531869 0.0118

Table 11_Base scenario: Estonia – old subsidiaries (> 11 years)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.349343 0.023924 14.60208 0.0000 HUN -0.007677 0.037447 -0.204995 0.8377 POL 0.069151 0.029387 2.353146 0.0192 SLO 0.032694 0.036195 0.903267 0.3670 SLK 0.094160 0.033690 2.794862 0.0055 HUN*OLD_COMP 0.141448 0.190649 0.741933 0.4586 POL*OLD_COMP -0.002484 0.201743 -0.012314 0.9902 SLO*OLD_COMP -0.018408 0.198116 -0.092916 0.9260 SLK*OLD_COMP 0.114174 0.206474 0.552968 0.5806 OLD_COMP -0.057677 0.183765 -0.313860 0.7538

Table 12_Base scenario: Estonia – sales to foreign owner

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Table 13_Base scenario: Estonia – sales to other subsidiaries

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.343171 0.024947 13.75606 0.0000 HUN 0.014478 0.034763 0.416460 0.6773 POL 0.077786 0.030762 2.528623 0.0119 SLO 0.033341 0.035888 0.929028 0.3535 SLK 0.097269 0.034151 2.848207 0.0047 HUN*SALESPERC_SUB 0.003939 0.003246 1.213808 0.2257 POL*SALESPERC_SUB -0.002546 0.001932 -1.317509 0.1886 SLO*SALESPERC_SUB -0.009142 0.008243 -1.108994 0.2682 SLK*SALESPERC_SUB 0.000153 0.002164 0.070735 0.9437 SALESPERC_SUB 0.002250 0.001439 1.564002 0.1188

Table 14_Base scenario: Estonia – small subsidiaries (< 100 employees)

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SLOVAKIA

Table 15_Base scenario: Slovakia – imports from foreign owner

Table 16_Base scenario: Slovakia – imports from other subsidiaries

Variable Coefficient Std. Error t-Statistic Prob.

BASE 0.443391 0.023997 18.47727 0.0000 HUN -0.070584 0.034135 -2.067749 0.0395 POL -0.043100 0.030686 -1.404538 0.1611 SLO -0.072149 0.035155 -2.052324 0.0409 EST -0.086327 0.035564 -2.427352 0.0158 HUN*IMPORTPERC_SUBS -0.010193 0.009326 -1.092971 0.2752 POL*IMPORTPERC_SUBS 7.98E-05 0.002703 0.029516 0.9765 SLO*IMPORTPERC_SUBS 0.012805 0.092664 0.138189 0.8902 EST*IMPORTPERC_SUBS -0.001450 0.002892 -0.501372 0.6164 IMPORTPERC_SUBS 0.001574 0.002480 0.634645 0.5261

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Table 17_Base scenario: Slovakia – large subsidiaries (> 500 employees)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.421474 0.024540 17.17490 0.0000 HUN -0.073648 0.035819 -2.056135 0.0405 POL -0.017592 0.030953 -0.568343 0.5702 SLO -0.070717 0.036248 -1.950906 0.0519 EST -0.038821 0.035232 -1.101870 0.2713 HUN*LARGE_COMP -0.052226 0.080862 -0.645862 0.5188 POL*LARGE_COMP -0.100321 0.069391 -1.445741 0.1492 SLO*LARGE_COMP -0.009965 0.089862 -0.110893 0.9118 EST*LARGE_COMP -0.349003 0.084969 -4.107432 0.0001 LARGE_COMP 0.146707 0.058729 2.498051 0.0130

Table 18_Base scenario: Slovakia – business lines between 1 and 5

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.411765 0.031179 13.20633 0.0000 HUN -0.073381 0.044427 -1.651716 0.0995 POL -0.010250 0.044427 -0.230705 0.8177 SLO -0.039369 0.055118 -0.714268 0.4755 EST -0.072593 0.040097 -1.810435 0.0711 HUN*LINES_1_5 -0.008074 0.066218 -0.121925 0.9030 POL*LINES_1_5 -0.056745 0.059143 -0.959451 0.3380 SLO*LINES_1_5 -0.077609 0.071385 -1.087184 0.2777 EST*LINES_1_5 0.000754 0.086426 0.008729 0.9930 LINES_1_5 0.076741 0.045956 1.669896 0.0959

Table 19_Base scenario: Slovakia – business lines between 5 and 50

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Table 20_Base scenario: Slovakia – business lines more than 50

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.450893 0.024263 18.58331 0.0000 HUN -0.085060 0.035328 -2.407713 0.0166 POL -0.036363 0.029504 -1.232477 0.2186 SLO -0.078226 0.035328 -2.214288 0.0275 EST -0.058036 0.038161 -1.520803 0.1292 HUN*LINES_50 0.052652 0.098086 0.536797 0.5918 POL*LINES_50 0.119696 0.148540 0.805821 0.4209 SLO*LINES_50 0.011560 0.149805 0.077164 0.9385 EST*LINES_50 -0.090774 0.087954 -1.032065 0.3028 LINES_50 -0.034226 0.072790 -0.470205 0.6385

Table 21_Base scenario: Slovakia – old subsidiaries (> 11 years)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.443503 0.023721 18.69695 0.0000 HUN -0.101836 0.037318 -2.728908 0.0067 POL -0.025009 0.029221 -0.855844 0.3927 SLO -0.061466 0.036061 -1.704502 0.0892 EST -0.094160 0.033690 -2.794862 0.0055 HUN*OLD_COMP 0.027275 0.106954 0.255014 0.7989 POL*OLD_COMP -0.116658 0.125669 -0.928297 0.3539 SLO*OLD_COMP -0.132582 0.119759 -1.107073 0.2690 EST*OLD_COMP -0.114174 0.206474 -0.552968 0.5806 OLD_COMP 0.056497 0.094138 0.600152 0.5488

Table 22_Base scenario: Slovakia – sales to foreign owner

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Table 23_Base scenario: Slovakia – sales to other subsidiaries

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.440440 0.023322 18.88491 0.0000 HUN -0.082791 0.033617 -2.462801 0.0143 POL -0.019482 0.029460 -0.661306 0.5089 SLO -0.063927 0.034779 -1.838110 0.0669 EST -0.097269 0.034151 -2.848207 0.0047 HUN*SALESPERC_SUB 0.003786 0.003328 1.137662 0.2561 POL*SALESPERC_SUB -0.002699 0.002068 -1.305000 0.1928 SLO*SALESPERC_SUB -0.009295 0.008276 -1.123083 0.2622 EST*SALESPERC_SUB -0.000153 0.002164 -0.070735 0.9437 SALESPERC_SUB 0.002404 0.001617 1.486652 0.1380

Table 24_Base scenario: Slovakia – small subsidiaries (< 100 employees)

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HUNGARY

Table 25_Base scenario: Hungary – imports from foreign owner

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.320191 0.027880 11.48451 0.0000 SLK 0.053923 0.043266 1.246302 0.2135 POL 0.081543 0.036617 2.226896 0.0266 SLO -0.000298 0.043487 -0.006855 0.9945 EST 0.010702 0.041762 0.256253 0.7979 SLK*IMPORTPERC_OWNER -0.000218 0.000932 -0.233474 0.8155 POL*IMPORTPERC_OWNER -0.001764 0.000842 -2.094725 0.0370 SLO*IMPORTPERC_OWNER -0.000304 0.001044 -0.290895 0.7713 EST*IMPORTPERC_OWNER -0.001176 0.001004 -1.172140 0.2420 IMPORTPERC_OWNER 0.002105 0.000686 3.068599 0.0023

Table 26_Base scenario: Hungary – imports from other subsidiaries

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Table 27_Base scenario: Hungary – large subsidiaries (> 500 employees)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.347826 0.026092 13.33099 0.0000 SLK 0.073648 0.035819 2.056135 0.0405 POL 0.056056 0.032197 1.741066 0.0826 SLO 0.002931 0.037316 0.078559 0.9374 EST 0.034827 0.036330 0.958633 0.3384 SLK*LARGE_COMP 0.052226 0.080862 0.645862 0.5188 POL*LARGE_COMP -0.048095 0.066751 -0.720521 0.4717 SLO*LARGE_COMP 0.042261 0.087839 0.481114 0.6307 EST*LARGE_COMP -0.296778 0.082827 -3.583114 0.0004 LARGE_COMP 0.094482 0.055585 1.699782 0.0901

Table 28_Base scenario: Hungary – business lines between 1 and 5

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.338384 0.031648 10.69203 0.0000 SLK 0.073381 0.044427 1.651716 0.0995 POL 0.063131 0.044757 1.410524 0.1593 SLO 0.034012 0.055384 0.614108 0.5396 EST 0.000787 0.040463 0.019460 0.9845 SLK*LINES_1_5 0.008074 0.066218 0.121925 0.9030 POL*LINES_1_5 -0.048671 0.060488 -0.804634 0.4216 SLO*LINES_1_5 -0.069535 0.072504 -0.959056 0.3382 EST*LINES_1_5 0.008828 0.087352 0.101062 0.9196 LINES_1_5 0.068667 0.047675 1.440330 0.1507

Table 29_Base scenario: Hungary – business lines between 5 and 50

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Table 30_Base scenario: Hungary – business lines more than 50

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.365833 0.025678 14.24702 0.0000 SLK 0.085060 0.035328 2.407713 0.0166 POL 0.048697 0.030678 1.587355 0.1134 SLO 0.006833 0.036314 0.188173 0.8509 EST 0.027024 0.039076 0.691573 0.4897 SLK*LINES_50 -0.052652 0.098086 -0.536797 0.5918 POL*LINES_50 0.067044 0.145217 0.461682 0.6446 SLO*LINES_50 -0.041093 0.146512 -0.280473 0.7793 EST*LINES_50 -0.143426 0.082219 -1.744447 0.0820 LINES_50 0.018426 0.065745 0.280263 0.7794

Table 31_Base scenario: Hungary – old subsidiaries (> 11 years)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.341667 0.028809 11.85990 0.0000 SLK 0.101836 0.037318 2.728908 0.0067 POL 0.076827 0.033483 2.294495 0.0224 SLO 0.040370 0.039594 1.019619 0.3086 EST 0.007677 0.037447 0.204995 0.8377 SLK*OLD_COMP -0.027275 0.106954 -0.255014 0.7989 POL*OLD_COMP -0.143933 0.097508 -1.476111 0.1408 SLO*OLD_COMP -0.159857 0.089763 -1.780879 0.0758 EST*OLD_COMP -0.141448 0.190649 -0.741933 0.4586 OLD_COMP 0.083772 0.050766 1.650166 0.0998

Table 32_Base scenario: Hungary – sales to foreign owner

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Table 33_Base scenario: Hungary – sales to other subsidiaries

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.357649 0.024210 14.77250 0.0000 SLK 0.082791 0.033617 2.462801 0.0143 POL 0.063309 0.030168 2.098528 0.0366 SLO 0.018864 0.035381 0.533170 0.5943 EST -0.014478 0.034763 -0.416460 0.6773 SLK*SALESPERC_SUB -0.003786 0.003328 -1.137662 0.2561 POL*SALESPERC_SUB -0.006485 0.003182 -2.037976 0.0423 SLO*SALESPERC_SUB -0.013081 0.008623 -1.517128 0.1302 EST*SALESPERC_SUB -0.003939 0.003246 -1.213808 0.2257 SALESPERC_SUB 0.006190 0.002909 2.127731 0.0341

Table 34_Base scenario: Hungary – small subsidiaries (< 100 employees)

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POLAND

Table 35_Base scenario: Poland – imports from foreign owner

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.401733 0.023738 16.92339 0.0000 HUN -0.081543 0.036617 -2.226896 0.0266 SLK -0.027620 0.040721 -0.678278 0.4981 SLO -0.081841 0.040955 -1.998294 0.0465 EST -0.070841 0.039119 -1.810917 0.0711 HUN*IMPORTPERC_OWNER 0.001764 0.000842 2.094725 0.0370 SLK*IMPORTPERC_OWNER 0.001546 0.000798 1.937300 0.0536 SLO*IMPORTPERC_OWNER 0.001460 0.000926 1.575751 0.1160 EST*IMPORTPERC_OWNER 0.000587 0.000880 0.667004 0.5052 IMPORTPERC_OWNER 0.000341 0.000488 0.699645 0.4846

Table 36_Base scenario: Poland – imports from other subsidiaries

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Table 37_Base scenario: Poland – large subsidiaries (> 500 employees)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.403883 0.018864 21.41006 0.0000 SLK 0.017592 0.030953 0.568343 0.5702 HUN -0.056056 0.032197 -1.741066 0.0826 SLO -0.053125 0.032674 -1.625927 0.1049 EST -0.021230 0.031543 -0.673040 0.5014 SLK*LARGE_COMP 0.100321 0.069391 1.445741 0.1492 HUN*LARGE_COMP 0.048095 0.066751 0.720521 0.4717 SLO*LARGE_COMP 0.090356 0.077409 1.167256 0.2439 EST*LARGE_COMP -0.248682 0.071670 -3.469801 0.0006 LARGE_COMP 0.046386 0.036960 1.255045 0.2103

Table 38_Base scenario: Poland – business lines between 1 and 5

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.401515 0.031648 12.68681 0.0000 HUN -0.063131 0.044757 -1.410524 0.1593 SLK 0.010250 0.044427 0.230705 0.8177 SLO -0.029119 0.055384 -0.525767 0.5994 EST -0.062344 0.040463 -1.540766 0.1243 HUN*LINES_1_5 0.048671 0.060488 0.804634 0.4216 SLK*LINES_1_5 0.056745 0.059143 0.959451 0.3380 SLO*LINES_1_5 -0.020865 0.066105 -0.315626 0.7525 EST*LINES_1_5 0.057499 0.082119 0.700194 0.4843 LINES_1_5 0.019996 0.037228 0.537130 0.5915

Table 39_Base scenario: Poland – business lines between 5 and 50

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Table 40_Base scenario: Poland – business lines more than 50

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.414530 0.016786 24.69475 0.0000 HUN -0.048697 0.030678 -1.587355 0.1134 SLK 0.036363 0.029504 1.232477 0.2186 SLO -0.041863 0.030678 -1.364609 0.1733 EST -0.021673 0.033902 -0.639277 0.5231 HUN*LINES_50 -0.067044 0.145217 -0.461682 0.6446 SLK*LINES_50 -0.119696 0.148540 -0.805821 0.4209 SLO*LINES_50 -0.108137 0.184143 -0.587242 0.5574 EST*LINES_50 -0.210470 0.138575 -1.518815 0.1297 LINES_50 0.085470 0.129482 0.660092 0.5096

Table 41_Base scenario: Poland – old subsidiaries (> 11 years)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.418494 0.017065 24.52394 0.0000 HUN -0.076827 0.033483 -2.294495 0.0224 SLK 0.025009 0.029221 0.855844 0.3927 SLO -0.036457 0.032077 -1.136556 0.2565 EST -0.069151 0.029387 -2.353146 0.0192 HUN*OLD_COMP 0.143933 0.097508 1.476111 0.1408 SLK*OLD_COMP 0.116658 0.125669 0.928297 0.3539 SLO*OLD_COMP -0.015924 0.111404 -0.142938 0.8864 EST*OLD_COMP 0.002484 0.201743 0.012314 0.9902 OLD_COMP -0.060161 0.083251 -0.722647 0.4704

Table 42_Base scenario: Poland – sales to foreign owner

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Table 43_Base scenario: Poland – sales to other subsidiaries

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.420958 0.017999 23.38746 0.0000 HUN -0.063309 0.030168 -2.098528 0.0366 SLK 0.019482 0.029460 0.661306 0.5089 SLO -0.044445 0.031458 -1.412835 0.1586 EST -0.077786 0.030762 -2.528623 0.0119 HUN*SALESPERC_SUB 0.006485 0.003182 2.037976 0.0423 SLK*SALESPERC_SUB 0.002699 0.002068 1.305000 0.1928 SLO*SALESPERC_SUB -0.006596 0.008219 -0.802556 0.4228 EST*SALESPERC_SUB 0.002546 0.001932 1.317509 0.1886 SALESPERC_SUB -0.000296 0.001290 -0.229101 0.8189

Table 44_Base scenario: Poland – small subsidiaries (< 100 employees)

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SLOVENIA

Table 45_Base scenario: Slovenia – imports from foreign owner

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.319893 0.033374 9.585079 0.0000 HUN 0.000298 0.043487 0.006855 0.9945 POL 0.081841 0.040955 1.998294 0.0465 SLK 0.054221 0.046994 1.153770 0.2494 EST 0.011000 0.045614 0.241151 0.8096 HUN*IMPORTPERC_OWNER 0.000304 0.001044 0.290895 0.7713 POL*IMPORTPERC_OWNER -0.001460 0.000926 -1.575751 0.1160 SLK*IMPORTPERC_OWNER 8.61E-05 0.001009 0.085339 0.9320 EST*IMPORTPERC_OWNER -0.000873 0.001076 -0.811360 0.4177 IMPORTPERC_OWNER 0.001801 0.000787 2.287598 0.0228

Table 46_Base scenario: Slovenia – imports from other subsidiaries

Variable Coefficient Std. Error t-Statistic Prob.

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Table 47_Base scenario: Slovenia – large subsidiaries (> 500 employees)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.350758 0.026678 13.14785 0.0000 SLK 0.070717 0.036248 1.950906 0.0519 HUN -0.002931 0.037316 -0.078559 0.9374 POL 0.053125 0.032674 1.625927 0.1049 EST 0.031895 0.036753 0.867828 0.3861 SLK*LARGE_COMP 0.009965 0.089862 0.110893 0.9118 HUN*LARGE_COMP -0.042261 0.087839 -0.481114 0.6307 POL*LARGE_COMP -0.090356 0.077409 -1.167256 0.2439 EST*LARGE_COMP -0.339038 0.091634 -3.699927 0.0003 LARGE_COMP 0.136742 0.068016 2.010455 0.0452

Table 48_Base scenario: Slovenia – business lines between 1 and 5

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.372396 0.045451 8.193291 0.0000 HUN -0.034012 0.055384 -0.614108 0.5396 POL 0.029119 0.055384 0.525767 0.5994 SLK 0.039369 0.055118 0.714268 0.4755 EST -0.033225 0.051976 -0.639235 0.5231 HUN*LINES_1_5 0.069535 0.072504 0.959056 0.3382 POL*LINES_1_5 0.020865 0.066105 0.315626 0.7525 SLK*LINES_1_5 0.077609 0.071385 1.087184 0.2777 EST*LINES_1_5 0.078363 0.091332 0.858010 0.3915 LINES_1_5 -0.000868 0.054626 -0.015891 0.9873

Table 49_Base scenario: Slovenia – business lines between 5 and 50

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Table 50_Base scenario: Slovenia – business lines more than 50

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.372667 0.025678 14.51314 0.0000 HUN -0.006833 0.036314 -0.188173 0.8509 POL 0.041863 0.030678 1.364609 0.1733 SLK 0.078226 0.035328 2.214288 0.0275 EST 0.020190 0.039076 0.516699 0.6057 HUN*LINES_50 0.041093 0.146512 0.280473 0.7793 POL*LINES_50 0.108137 0.184143 0.587242 0.5574 SLK*LINES_50 -0.011560 0.149805 -0.077164 0.9385 EST*LINES_50 -0.102333 0.139931 -0.731313 0.4651 LINES_50 -0.022667 0.130932 -0.173118 0.8627

Table 51_Base scenario: Slovenia – old subsidiaries (> 11 years)

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.382037 0.027161 14.06566 0.0000 HUN -0.040370 0.039594 -1.019619 0.3086 POL 0.036457 0.032077 1.136556 0.2565 SLK 0.061466 0.036061 1.704502 0.0892 EST -0.032694 0.036195 -0.903267 0.3670 HUN*OLD_COMP 0.159857 0.089763 1.780879 0.0758 POL*OLD_COMP 0.015924 0.111404 0.142938 0.8864 SLK*OLD_COMP 0.132582 0.119759 1.107073 0.2690 EST*OLD_COMP 0.018408 0.198116 0.092916 0.9260 OLD_COMP -0.076085 0.074028 -1.027778 0.3048

Table 52_Base scenario: Slovenia – sales to foreign owner

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Table 53_Base scenario: Slovenia – sales to other subsidiaries

Variable Coefficient Std. Error t-Statistic Prob. BASE 0.376513 0.025800 14.59359 0.0000 HUN -0.018864 0.035381 -0.533170 0.5943 POL 0.044445 0.031458 1.412835 0.1586 SLK 0.063927 0.034779 1.838110 0.0669 EST -0.033341 0.035888 -0.929028 0.3535 HUN*SALESPERC_SUB 0.013081 0.008623 1.517128 0.1302 POL*SALESPERC_SUB 0.006596 0.008219 0.802556 0.4228 SLK*SALESPERC_SUB 0.009295 0.008276 1.123083 0.2622 EST*SALESPERC_SUB 0.009142 0.008243 1.108994 0.2682 SALESPERC_SUB -0.006892 0.008117 -0.849032 0.3965

Table 54_Base scenario: Slovenia – small subsidiaries (< 100 employees)

Variable Coefficient Std. Error t-Statistic Prob.

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