| VARIABLES | TobinQ |
| FirmAge | 0.0737*** |
|
| (0.0175) |
| risk | 4.049*** |
|
| (0.180) |
| Constant | 1.636*** |
|
| (0.0512) |
| Observations | 39,042 |
| Number of 组别 | 78 |
| R-squared | 0.013 |
| Hausman | 18.88 |
| p-value | 7.93e-05 |