| PanelA:是否引入外资大股东 | PanelB:外资大股东持股比例 | ||
| ipo当年之前进入 | ipo当年之后进入 | ipo当年之前进入 | ipo当年之后进入 |
Foreign_if | 0.0367*** | −0.0204*** |
|
|
| (6.588) | (−3.422) |
|
|
Foreign_rate |
|
| 0.1894*** | −0.1304*** |
|
|
| (6.408) | (−4.701) |
_cons | 0.4769*** | 0.2772 | 0.3418** | 0.1558 |
| (3.062) | (1.426) | (2.201) | (0.778) |
Control | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes |
Idcode | Yes | Yes | Yes | Yes |
N | 26360 | 22553 | 26360 | 22553 |
Adj-R2 | 0.189 | 0.131 | 0.189 | 0.132 |