# **Supplementary Table S2a.**

|||Log of|||||Log of|||||Log of||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Export|Exporter||Exporter||Export|||Exporter||Export|||Exporter|
||Log of # of<br>Exporters|Value per<br>Exporter|Entry<br>Rate|Exporter<br>Exit Rate|<br>Turnover<br>Rate|Log of # of<br>Exporters|Value per<br>Exporter|Exporter<br>EntryRate|<br> <br>Exporter<br>Exit Rate|Turnover<br>Rate|Log of # of<br>Exporters|<br>Value per<br>Exporter|<br>Exporter<br>EntryRat|<br>e<br>Exporter<br>Exit Rate|<br>Turnover<br>Rate|
||(1)|(2)|(3)|(4)|(5)|(6)|(7)|(8)|(9)|(10)|(11)|(12)|(13)|(14)|(15)|
|(Bank Credit / (Bank Credit + Stock))*EXTFIN*Credit bureau coverage|1.065***<br>(0.336)|-3.467*** <br>(0.764)|-0.149** <br>(0.075)|-0.221**<br>(0.086)|-0.416***<br>(0.135)|||||||||||
|(Bank Credit / (Bank Credit + Stock))*EXTFIN|33.274**|6.902|-1.277|-1.370|1.152|32.284***|-24.127|-2.778|-4.865*|-4.433|33.410***|-26.725|-2.708|-4.875*|-4.395|
||(13.878)|(26.540)|(2.932)|(3.151)|(5.186)|(11.008)|(25.494)|(2.212)|(2.504)|(3.981)|(10.804)|(25.629)|(2.200)|(2.496)|(3.953)|
|EXTFIN*Credit bureau coverage|-0.012***|0.029***|0.001*|0.001*|0.002**|||||||||||
||(0.002)|(0.006)|(0.001)|(0.001)|(0.001)|||||||||||
|(Bank Credit / (Bank Credit + Stock))*Rauch||||||-92.381***|13.066|13.042**|* 11.906***|24.470***|-30.197|-14.679|12.837**|* 10.445**|23.052***|
|||||||(26.655)|(47.982)|(4.063)|(3.943)|(7.369)|(27.998)|(47.623)|(4.090)|(4.142)|(7.718)|
|(Bank Credit / (Bank Credit + Stock))*Rauch*Rule of law||||||162.408***|70.321|-2.687|-6.789|-6.690||||||
|||||||(31.631)|(86.521)|(8.758)|(8.675)|(16.959)||||||
|Rauch*Rule of law||||||-0.169|-0.569|0.021|0.043|0.062||||||
|||||||(0.181)|(0.505)|(0.051)|(0.052)|(0.101)||||||
|(Bank Credit / (Bank Credit + Stock))*Rauch*Strength of legal rights|||||||||||-17.544|91.141**|* -4.142**|-2.185|-5.683*|
||||||||||||(16.871)|(15.957)|(1.901)|(1.653)|(3.229)|
|Rauch*Strength of legal rights|||||||||||0.231**|-0.599**|*<br>0.017|0.005|0.019|
||||||||||||(0.111)|(0.094)|(0.012)|(0.010)|(0.019)|
|_Controls:_||||||||||||||||
|(All Credit / GDP)*EXTFIN|0.119***|0.199**|-0.002|-0.001|-0.007|0.137***|0.333***|-0.001|0.003|0.000|0.132***|0.337***|-0.001|0.003|0.000|
||(0.033)|(0.090)|(0.009)|(0.009)|(0.016)|(0.031)|(0.090)|(0.008)|(0.009)|(0.015)|(0.032)|(0.091)|(0.008)|(0.009)|(0.015)|
|All Credit*EXTFIN*Credit bureau coverage|0.006***|-0.013***|0.000|0.000|0.001|||||||||||
||(0.001)|(0.004)|(0.000)|(0.000)|(0.001)|||||||||||
|(All Credit / GDP)*Rauch||||||0.360**|0.630**|-0.083***|-0.075***|-0.153***|0.950***|0.208|-0.045***|-0.029**|-0.078***|
|||||||(0.143)|(0.263)|(0.021)|(0.024)|(0.041)|(0.094)|(0.156)|(0.015)|(0.014)|(0.026)|
|All Credit*Rauch*Rule of law||||||-0.324***<br>(0.105)|-0.148<br>(0.227)|0.016<br>(0.019)|0.021<br>(0.021)|0.018<br>(0.037)||||||
|All Credit*Rauch*Strength of legal rights|||||||||||-0.026|-0.029|-0.001|-0.006|-0.009|
||||||||||||(0.039)|(0.050)|(0.005)|(0.005)|(0.009)|
|Observations|17,870|17,561|15,685|15,639|15,548|17,870|17,561|15,685|15,639|15,548|17,870|17,561|15,685|15,639|15,548|
|R-squared|0.883|0.550|0.528|0.498|0.551|0.889|0.550|0.531|0.500|0.554|0.887|0.552|0.533|0.502|0.556|
|Note: Robust standard errors, clustered at the country-year level, are in<br>*** p<0.01, ** p<0.05, * p<0.1|parentheses.|||||||||||||||