变量

(1)

Ddum

(2)

Ddum

(3)

Dps

(4)

Dps

FCEO

0.476***

(0.134)

0.636***

(0.152)

0.032***

(0.009)

0.032***

(0.007)

CEOshare

0.043***

(0.010)

0.024**

(0.010)

0.004***

(0.001)

0.002***

(0.001)

FCEO × CEOshare

−0.048***

(0.012)

−0.037**

(0.012)

−0.004***

(0.001)

−0.002***

(0.001)

控制变量

固定年份

固定行业

_Cons

0.020

(0.344)

−8.718***

(1.770)

0.160***

(0.053)

−0.360***

(0.089)

观测值

6471

6470

6471

6470

Pseudo R2

0.051

0.223

−0.231

−1.41