变量

OLS

FE

HC

0.325^***

0.485^***

(0.010)

(0.009)

FC

−0.095^***

−0.063^***

(0.016)

(0.021)

GS

1.696^***

1.555^***

(0.053)

(0.035)

ROE

−0.453^***

−0.729^***

(0.029)

(0.030)

FT

0.536^***

0.389^***

(0.006)

(0.008)

SIZE

−0.408^***

−0.449^***

(0.010)

(0.009)

Constant

−1.318^***

−2.720^***

(0.129)

(0.108)

Observations

16181

16181

R-squared

0.417

0.586

Number of code

2865

2865