| (1) | (2) | (3) |
| 总样本 | 高薪酬组 | 低薪酬组 |
FRATIO | −0.003** | −0.006*** | −0.002 |
| (−2.33) | (−2.98) | (−0.96) |
Wage | 0.000*** |
|
|
| (2.80) |
|
|
FRATIO_wage | −0.000** |
|
|
| (−2.28) |
|
|
_cons | 0.014*** | 0.015*** | 0.012*** |
| (6.66) | (2.96) | (3.58) |
控制变量 | YES | YES | YES |
行业 | YES | YES | YES |
年度 | YES | YES | YES |
N | 21,789 | 10,898 | 10,891 |
r2 | 0.142 | 0.168 | 0.135 |
r2_a | 0.139 | 0.162 | 0.128 |