FE

RE

difi

0.0012*

0.000500

(2.29)

(0.93)

lqd

−0.0008***

−0.0012***

(−5.38)

(−8.65)

pftg

0.0010***

0.0012***

(4.48)

(5.76)

eqt

0.0242***

0.0219***

(15.02)

(16.92)

pftm

1.0747***

1.0304***

(79.94)

(88.14)

_cons

−0.0244***

−0.0162***

(−11.05)

(−7.44)

N

3914

3914

Hausman Test

0.0000