VARIABLES

(1)

(2)

重污染

非重污染

EPS

EPS

ER

0.027^***

0.017

(0.010)

(0.012)

EI

0.024^***

0.032^***

(0.005)

(0.005)

LEV

−0.768^***

−0.713^***

(0.053)

(0.065)

TOP

0.302^***

0.379^***

(0.031)

(0.038)

DY

−0.310^***

−0.393^***

(0.024)

(0.029)

CASH

2.203^***

2.388^***

(0.140)

(0.168)

SIZE

0.079^***

0.101^***

(0.010)

(0.011)

Constant

−1.950^***

−2.059^***

(0.264)

(0.413)

N

3272

2437

R-squared

0.341

0.340

年份固定效应

YES

YES

行业固定效应

YES

YES