Table 4. 
Survival of DPFs and Foreign Firms
IntervalBeg. TotalDeathsLostSurvivalStd. Error95% Confidence Interval
DPFs        
 1 79,852 9,376 9,027 0.8755 0.0012 0.8732 0.8779 
 2 61,449 5,080 7,347 0.7986 0.0015 0.7956 0.8015 
 3 49,022 3,434 7,230 0.7382 0.0017 0.7348 0.7415 
 4 38,358 3,286 6,339 0.6692 0.0019 0.6654 0.6730 
 5 28,733 6,311 4,998 0.5082 0.0023 0.5037 0.5127 
 6 17,424 655 5,072 0.4859 0.0024 0.4813 0.4905 
 7 11,697 0 11,697 0.4560 0.0024 0.4813 0.4905 
Foreign        
 1 6,256 540 435 0.9106 0.0037 0.9031 0.9175 
 2 5,281 398 405 0.8392 0.0048 0.8295 0.8484 
 3 4,478 264 511 0.7867 0.0055 0.7757 0.7973 
 4 3,703 260 444 0.7280 0.0062 0.7157 0.7399 
 5 2,999 769 388 0.5284 0.0076 0.5134 0.5432 
 6 1,842 34 396 0.5175 0.0077 0.5023 0.5324 
 7 1,412 0 1,412 0.5175 0.0077 0.5023 0.5324 
Log-rank test: =30.02; P=0.0000 
Likelihood-ratio test =30.6092; P=0.0000 
IntervalBeg. TotalDeathsLostSurvivalStd. Error95% Confidence Interval
DPFs        
 1 79,852 9,376 9,027 0.8755 0.0012 0.8732 0.8779 
 2 61,449 5,080 7,347 0.7986 0.0015 0.7956 0.8015 
 3 49,022 3,434 7,230 0.7382 0.0017 0.7348 0.7415 
 4 38,358 3,286 6,339 0.6692 0.0019 0.6654 0.6730 
 5 28,733 6,311 4,998 0.5082 0.0023 0.5037 0.5127 
 6 17,424 655 5,072 0.4859 0.0024 0.4813 0.4905 
 7 11,697 0 11,697 0.4560 0.0024 0.4813 0.4905 
Foreign        
 1 6,256 540 435 0.9106 0.0037 0.9031 0.9175 
 2 5,281 398 405 0.8392 0.0048 0.8295 0.8484 
 3 4,478 264 511 0.7867 0.0055 0.7757 0.7973 
 4 3,703 260 444 0.7280 0.0062 0.7157 0.7399 
 5 2,999 769 388 0.5284 0.0076 0.5134 0.5432 
 6 1,842 34 396 0.5175 0.0077 0.5023 0.5324 
 7 1,412 0 1,412 0.5175 0.0077 0.5023 0.5324 
Log-rank test: =30.02; P=0.0000 
Likelihood-ratio test =30.6092; P=0.0000 

Source: Authors’ computations.

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