(1)

(2)

业绩期望落差

业绩期望顺差

RD

RD

AD

0.819^***

−1.079^***

(7.15)

(−2.78)

_CONS

2.607^***

6.861^***

(5.07)

(6.18)

CONTROLS

YES

YES

YEAR

YES

YES

IND

YES

YES

N

14,714

3504

R²

0.456

0.569

F

121.0

38.62