变量

FE

M1

CEI

M2

CEI

(1)

(2)

(3)

(4)

(5)

(6)

DFI

−0.198^***

−0.193^***

−0.005^**

−0.186^***

0.719^***

−0.150^***

(−0.015)

(−0.015)

(0.00)

(0.02)

(0.12)

(0.01)

M1

1.510^***

(0.39)

M2

−0.060^***

(0.01)

X1

1.999^***

0.11

1.838^***

1.10

2.065^***

(−0.431)

(0.07)

(0.42)

(3.47)

(0.38)

X2

−3.416^***

−0.623^***

−2.475^***

20.381^***

−2.190^***

(−0.833)

(0.13)

(0.85)

(6.70)

(0.74)

X3

−6.124^***

(0.01)

−6.117^***

(9.96)

−6.723^***

(−1.654)

(0.25)

(1.61)

(13.31)

(1.45)

常数项

6.344^***

6.304^***

0.730^***

5.202^***

0.72

6.348^***

(−0.082)

(−0.156)

(0.02)

(0.32)

(1.26)

(0.14)

R²

0.39

0.48

0.12

0.51

0.186

0.6