变量

OLS

FE

HC

0.353^***

0.508^***

(0.011)

(0.010)

FC

−0.081^***

−0.029

(0.017)

(0.023)

ROA

1.742^***

1.604^***

(0.055)

(0.038)

FT

−0.988^***

−1.228^***

(0.030)

(0.032)

size1

0.439^***

0.298^***

(0.007)

(0.008)

size2

−0.075^***

−0.114^***

(0.010)

(0.010)

Constant

−1.856^***

−3.145^***

(0.134)

(0.115)

Observations

16181

16181

R-squared

0.758

0.746

Number of code

1106

1106