变量

(1)

(2)

(3)

GT

GT

GT

NO

0.0662^***

0.0804^***

0.135^***

(0.0253)

(0.0273)

(0.0412)

Media

0.00257^***

(0.000926)

NO*Media

0.00146

(0.00103)

ATO

0.300^***

(0.0842)

NO*ATO

−0.00232^**

(0.00104)

SI

0.167^***

0.151^***

0.170^***

(0.0216)

(0.0248)

(0.0217)

TQ

0.328^***

0.352^***

0.335^***

(0.0430)

(0.0467)

(0.0432)

AG

0.0235^*

0.0184

0.0239^**

(0.0122)

(0.0130)

(0.0122)

ST

−0.0104^***

−0.0113^***

−0.0127^***

(0.00347)

(0.00379)

(0.00354)

GR

0.0185

0.0193

0.0213

(0.0145)

(0.0147)

(0.0145)

LEV

0.153

0.210

0.0948

(0.117)

(0.129)

(0.119)

ROA

1.014^***

0.964^***

0.798^***

(0.274)

(0.287)

(0.283)

GDP

−0.0261

−0.00686

−0.0375

(0.0442)

(0.0488)

(0.0446)

TOP1

−0.598^***

−0.630^***

−0.642^***

(0.127)

(0.140)

(0.127)

DU

−0.0512

−0.0792^**

−0.0426

(0.0367)

(0.0403)

(0.0370)

PI

−0.0463

−0.0562

−0.00267

(0.295)

(0.321)

(0.295)

_cons

−3.371^***

−2.941^***

−2.906^***

(0.681)

(0.769)

(0.664)

Y

控制

控制

控制

IN

控制

控制

控制

r2_a

0.166

0.179

0.173

N

1886

1619

1875