| (1) | (2) |
EI | EI | |
QFIIR | 0.681** (2.380) | 0.529*** (2.731) |
QFIIR*Top1 | −1.128* (−1.689) |
|
QFIIR*Herfindahl5 |
| −1.493* (−1.788) |
Top1 | 1.885*** (3.871) |
|
Herfindahl5 |
| 2.120*** (3.461) |
ROA | −2.581 (−1.289) | −2.496 (−1.242) |
Growth | −0.195 (−1.600) | −0.185 (−1.528) |
Lev | 1.258** (2.354) | 1.280** (2.382) |
TobinQ | −0.125* (−1.731) | −0.136* (−1.893) |
Size | 0.717*** (9.434) | 0.706*** (9.267) |
CFO | 1.091 (0.884) | 1.088 (0.881) |
Inv | 3.398** (2.424) | 3.432** (2.449) |
Idd | −1.639 (−1.294) | −1.629 (−1.291) |
_cons | −1.903 (−1.100) | −1.332 (−0.774) |
Year& Industry | 控制 | 控制 |
F | 137.952 | 137.676 |
Adj_R2 | 0.763 | 0.763 |
N | 1169 | 1169 |