(1)

(2)

Ferror

Fdisp

gd

−0.7120***

−0.1281***

(−3.2082)

(−5.2584)

Control

Yes

Yes

年份和行业

Yes

Yes

_cons

3.0553***

0.4079***

(15.1949)

(24.6536)

N

13,103

13,103

r2

0.0313

0.0554