(1)

(2)

(3)

Brothers = 1

Brothers = 0

Pe

Pe

Pe

常数项

−0.099

−1.807

0.517

(−0.193)

(−1.570)

(0.886)

Mode

0.199**

0.497***

−0.011

(2.328)

(3.151)

(−0.112)

Mode*Brothers

0.504***

(2.915)

Brothers

0.435***

(4.842)

Size

−0.013

−0.000

−0.012

(−0.310)

(−0.003)

(−0.252)

Eage

0.008

0.028*

−0.000

(1.050)

(1.871)

(−0.030)

Shares

−0.204

−0.058

−0.175

(−0.708)

(−0.114)

(−0.456)

Roa

0.235

−0.841

−0.169

(0.252)

(−0.521)

(−0.146)

Bs

0.035

0.069

0.022

(1.088)

(0.923)

(0.605)

Gender

−0.120

−0.143

−0.081

(−1.248)

(−0.813)

(−0.679)

Age

0.007

0.038**

−0.002

(1.069)

(2.373)

(−0.270)

Degree

−0.077

0.024

−0.060

(−1.490)

(0.233)

(−0.944)

Year/Ind

控制

控制

控制

Adj-R2

0.229

0.377

−0.033

F

3.664

3.053

0.790

N

180

62

118

Mode系数差异

0.508***

X2

15.930

p

0.000