|
| (1) | (2) |
| 变量 | Risk | Risk |
| Digital | −0.0106*** | −0.0109*** |
|
| (−4.29) | (−4.41) |
| Size |
| −0.0246*** |
|
|
| (−10.64) |
| Age |
| 0.0374*** |
|
|
| (3.66) |
| State |
| −0.0534*** |
|
|
| (−9.04) |
| Grow |
| 0.0348*** |
|
|
| (8.86) |
| Sep |
| −0.0002 |
|
|
| (−0.59) |
| Dual |
| −0.0067 |
|
|
| (−1.03) |
| Lev |
| 0.0730*** |
|
|
| (5.23) |
| Constant | 0.5918*** | 1.0066*** |
|
| (26.42) | (16.81) |
| Observations | 11,920 | 11,920 |
| R−squared | 0.046 | 0.074 |
| Industry FE | YES | YES |
| Year FE | YES | YES |