CSRXLnAge | CSR与企业年龄交乘项 | −0.401* |
|
|
| (−1.92) |
|
Law | 法制环境 |
| −2.128** |
|
|
| (−2.23) |
CSRXLaw | CSR与法制环境交乘项 |
| 0.070*** |
|
|
| (2.70) |
LnNstaff | 员工数目 | −0.117 | 0.039 |
|
| (−0.12) | (0.04) |
Debts | 资产负债率 | −8.449 | −9.810 |
|
| (−1.09) | (−1.31) |
Tonbinq | 托宾Q值 | −3.078*** | −2.757** |
|
| (−2.69) | (−2.50) |
Sale | 主营业务收入 | 1.511 | 1.280 |
|
| (0.86) | (0.72) |
Liquidity | 资产流动比率 | 29.900** | 30.788** |
|
| (2.28) | (2.39) |
SOE | 企业产权性质 | 6.285** | 6.380** |
|
| (2.09) | (2.09) |
Industry FE | Yes | Yes | Yes |
Year FE | Yes | Yes | Yes |
Constant | 常数项 | −113.282*** | 216.634* |
|
| (−3.44) | (1.74) |
Observations | 样本量 | 1,758 | 3.147 |
F | F统计值 | 3.103 | (0.04) |