|
| (1) | (2) |
| Tobinq | Tobinq | |
| Economy_Gigitalization | 0.221*** | 0.378*** |
|
| (0.072) | (0.097) |
| Size | −0.268*** | −0.318*** |
|
| (0.012) | (0.019) |
| Lev | −1.306*** | −1.152*** |
|
| (0.080) | (0.120) |
| Cashflow | 1.721*** | 3.784*** |
|
| (0.216) | (0.272) |
| Growth | 0.173*** | 0.226*** |
|
| (0.041) | (0.049) |
| SOE | 0.000 | 0.000 |
|
| (.) | (.) |
| Top1 | −0.164* | 0.103 |
|
| (0.090) | (0.120) |
| _cons | 8.558*** | 9.519*** |
|
| (0.255) | (0.405) |
| N | 4580.000 | 3775.000 |
| R2 | 0.271 | 0.242 |
| 调整R2 | 0.270 | 0.241 |