Mechanism_B: Firm Performance				
	(1)	(2)	(3)	(4)
VARIABLES	Number of New Registration	Share of Large Firms	Employment of Incumbent Firms	TFP
				
d_Grain	0.011	-0.015***	-0.057***	-0.068*
	(0.024)	(0.006)	(0.020)	(0.041)
				
Observations	1,856	1,833	1,582	1,618
Controls	Y	Y	Y	Y
City FE	Y	Y	Y	Y
K-P Wald F	65.323	61.338	76.235	77.390
Robust standard errors in parentheses				
*** p<0.01, ** p<0.05, * p<0.1				
