|
| (1) | (2) |
| Ferror | Fdisp | |
| Treat*year1 | −0.0120 | 0.0228 |
| (−0.0390) | (0.5144) | |
| Treat*year2 | −0.2590 | 0.1085** |
| (−1.5288) | (2.0100) | |
| Treat*year3 | −0.2097 | 0.0216 |
| (−0.8461) | (0.5725) | |
| Treat*year4 | −0.4112** | −0.0801*** |
| (−2.0474) | (−2.8223) | |
| Treat*year5 | −0.6116*** | −0.1349*** |
| (−5.7878) | (−5.3533) | |
| Control | Yes | Yes |
| 年份和行业 | Yes | Yes |
| N | 13,103 | 13,103 |
| r2 | 0.0246 | 0.0886 |