|
| (1) | (2) |
|
| Fin | Fin |
| PLE_DUM | 0.017*** (0.001) |
|
| PLE_RATE |
| 0.014*** (0.002) |
| Soe | 0.018*** (0.004) | 0.011*** (0.004) |
| PLE_DUM×SOE | −0.021*** (0.002) |
|
| PLE_RATE×SOE |
| −0.018*** (0.005) |
| Size | −0.012*** (0.001) | −0.010*** (0.001) |
| Lev | −0.036*** (0.005) | −0.039*** (0.005) |
| Top1 | −0.000*** (0.000) | −0.000*** (0.000) |
| Top2_5 | −0.014*** (0.002) | −0.014*** (0.002) |
| ROA | −0.062*** (0.009) | −0.063*** (0.009) |
| BM | −0.030*** (0.005) | −0.039*** (0.005) |
| Growth | −0.001*** (0.000) | −0.001** (0.000) |
| Year | 控制 | 控制 |
| Industry | 控制 | 控制 |
| N | 20721 | 27201 |
| r2 | 0.113 | 0.107 |