|
| (1) | (2) |
| Ferror | Fdisp | |
| Treat*Post | −0.8954*** | −0.1113*** |
| (−4.7195) | (−5.7328) | |
| Lev | 0.6602** | 0.0584*** |
| (2.3871) | (2.6166) | |
| EM | −0.1279*** | 0.0030 |
| (−4.2557) | (0.8788) | |
| Gro | −1.1173*** | −0.0029 |
| (−11.0473) | (−0.3656) | |
| Roa | −5.1277*** | −0.6886*** |
| (−17.4377) | (−18.0175) | |
| Ph | −0.0159*** | −0.0004** |
| (-6.5385) | (−1.9935) | |
| Soe | 0.3928*** | −0.0113* |
| (4.3351) | (−1.7011) | |
| 年份和行业 | Yes | Yes |
| cons | 3.0045*** | 0.4325*** |
| (18.5119) | (37.1309) | |
| N | 13,103 | 13,103 |
| r2 | 0.0489 | 0.0902 |