| 全样本 | 国企 | 非国企 |
Gen | −0.246 | −0.294 | −0.00813 |
Age | −0.0582*** | −0.0390*** | −0.0504** |
Edu | −0.179** | −0.0591 | −0.165 |
Ten | −0.133*** | −0.0766*** | −0.222*** |
ROA | 5.991*** | 5.590*** | 6.375*** |
Cash | −0.205 | −0.292 | −0.453* |
Lev | −0.391* | −0.153** | −0.404 |
Size | 0.0529* | 0.0390 | 0.132*** |
Year | 控制 | 控制 | 控制 |
Industry | 控制 | 控制 | 控制 |
Constant | 4.229*** | 4.010** | 1.854 |
Observations | 2510 | 1093 | 1417 |
R-squared | 0.036 | 0.029 | 0.045 |