(1)

(2)

VARIABLES (变量)

TR

TR

X1

0.163***

0.232***

(4.18)

(4.05)

X2

−1.611***

(−7.36)

X3

0.562***

(4.76)

X4

−0.207***

(−2.73)

X5

0.174***

(2.83)

Constant

−0.387

13.055***

(−1.13)

(7.85)

Observations

372

372

R-squared

0.28

0.487

F test

3.67e−05

0

r2_a_

.

.

F

17.46

24.52