| (2) |
变量 | 缩减年份 |
CAPM | 0.00029** |
(2.02) | |
Size | 0.00276*** |
(9.42) | |
DFL | −0.00269** |
(−2.25) | |
ROA | −0.00103 |
(−0.40) | |
Cashflow | 0.00796*** |
(3.94) | |
Growth | −0.00080*** |
(−2.86) | |
Markup | 0.00023 |
(0.27) | |
Age | 0.00498** |
(2.39) | |
Own | −0.00007*** |
(−3.80) | |
MSHARE | 0.00003* |
(1.77) | |
Duality | −0.00029 |
(−0.96) | |
Boards | 0.00143 |
(1.34) | |
_cons | 0.04254*** |
(5.13) | |
R2 | 0.644 |
N | 17,969 |