变量名称 | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
Cost | L.Risk | Cost | Cost | L.Risk | Cost | Cost | L.Risk | Cost | |
L.Risk |
|
| 0.097*** |
|
| 0.100*** |
|
| 0.096*** |
|
|
| (5.88) |
|
| (5.96) |
|
| (5.82) |
L.Fin | 0.039*** | 0.019*** | 0.037*** |
|
|
|
|
|
|
| (5.55) | (2.83) | (5.37) |
|
|
|
|
|
|
L.Fin_S |
|
|
| −0.085*** | −0.029 | −0.082*** |
|
|
|
|
|
|
| (−3.98) | (−1.46) | (−3.81) |
|
|
|
L.Fin_L |
|
|
|
|
|
| 0.049*** | 0.023*** | 0.047*** |
|
|
|
|
|
|
| (6.67) | (3.25) | (6.47) |
Constant | 0.147*** | 0.080*** | 0.139*** | 0.142*** | 0.078*** | 0.135*** | 0.147*** | 0.081*** | 0.140*** |
| (8.11) | (5.05) | (7.42) | (7.81) | (4.93) | (7.13) | (8.15) | (5.06) | (7.47) |
|
|
|
|
|
|
|
|
|
|
Observations | 5312 | 5312 | 5312 | 5312 | 5312 | 5312 | 5312 | 5312 | 5312 |
R-squared | 0.223 | 0.110 | 0.229 | 0.219 | 0.109 | 0.226 | 0.225 | 0.111 | 0.231 |
Ind FE | YES | YES | YES | YES | YES | YES | YES | YES | YES |
Year FE | YES | YES | YES | YES | YES | YES | YES | YES | YES |