|
| (1) | (2) |
| 变量 | Risk | Risk |
|
|
|
|
| Digital | −0.0037** | −0.0016 |
|
| (−2.29) | (−0.99) |
| Size |
| −0.0373*** |
|
|
| (−24.28) |
| Age |
| 0.0308*** |
|
|
| (4.17) |
| State |
| −0.0687*** |
|
|
| (−16.68) |
| Grow |
| 0.0257*** |
|
|
| (8.38) |
| Lev |
| 0.1470*** |
|
|
| (15.97) |
| Sep |
| −0.0004 |
|
|
| (−1.58) |
| Dual |
| −0.0071* |
|
|
| (−1.65) |
| Constant | 0.6019*** | 1.2795*** |
|
| (32.72) | (30.65) |
| Observations | 24,932 | 24,932 |
| R−squared | 0.041 | 0.088 |
| Industry FE | YES | YES |
| Year FE | YES | YES |