变量 | GROWTH | GROWTH | GROWTH | |||
系数 | t | 系数 | t | 系数 | t | |
CSR | 0.107*** | −2.94 |
|
|
|
|
ICSR |
|
| −0.1400 | −0.76 |
|
|
ECSR |
|
|
|
| 0.433*** | −3.00 |
GAP |
|
|
|
|
|
|
IDR | −0.111** | −2.02 | −0.112** | −2.05 | −0.110** | −2 |
Share | 0.041* | −1.76 | 0.051** | −2.19 | 0.040* | −1.69 |
Insti | 0.139*** | −10.74 | 0.142*** | −11.16 | 0.139*** | −10.75 |
Age | 0.056 | −0.90 | 0.0430 | −0.69 | 0.059 | −0.95 |
Ind | 控制 | 控制 | 控制 | |||
Year | 控制 | 控制 | 控制 | |||
_cons | −11.1946 | 0.00 | −8.1439 | −3.14 | −10.796*** | −4.04 |
N | 11,699 | 11,699 | 11,699 |