No-Poach Clause Logit Estimates—Franchise and Industry Characteristics
| Explanatory Variable | Mean [SD] | Has Agreement = 1 | ||||
|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | ||
| Constant | 0.238 | 0.420 | -0.026 | -1.687* | -1.524 | |
| (0.298) | (0.467) | (0.278) | (0.956) | (1.045) | ||
| Age of franchisor | 32.4 | 0.003 | -0.005 | |||
| [16.1] | (0.008) | (0.009) | ||||
| Franchise chain share (Percent of establishments) | 7.58 | -0.13 | -0.002 | |||
| [14.0] | (0.018) | (0.002) | ||||
| Industry franchise share (Percent of employment) | 33.9 | 0.011 | -0.011 | -0.011 | ||
| [26.7] | (0.007) | (0.011) | (0.011) | |||
| New-hire rate | 28.2 | 0.085** | 0.085** | |||
| [9.5] | (0.041) | (0.042) | ||||
| Pseudo R-squared | 0.0004 | 0.006 | 0.014 | 0.061 | 0.062 | |
| Sample size | 156 | 150 | 150 | 150 | 150 | |
Notes: Mean of dependent variable is 0.58. Franchise chain share is total of franchisor’s units as a percent of the number of establishments in six-digit NAICS industry. Industry franchise share is percent of workers in six-digit NAICS industry employed by a franchise. New-hire rate is percentage of workers in industry with one year or less of tenure. Standard errors allow for clustering at the two-digit CPS industry level. Statistical significance:
↵* p < 0.10,
↵** p < 0.05.