|
| (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 |