|
| (1) | (2) | (3) | (4) | (5) | (6) |
| 变量 | ANC | SYN2 | Opaque | SYN2 | DCG | SYN2 |
| DataAsset | 11.012*** | −12.721*** | −0.454** | −12.679*** | 4.309* | −12.782*** |
|
| (6.00) | (−8.99) | (−2.06) | (−8.97) | (1.74) | (−9.04) |
| ANC |
| −0.004 |
|
|
|
|
|
|
| (−0.70) |
|
|
|
|
| Opaque |
|
|
| 0.197*** |
|
|
|
|
|
|
| (4.04) |
|
|
| DCG |
|
|
|
|
| 0.003 |
|
|
|
|
|
|
| (0.72) |
| Controls | 控制 | 控制 | 控制 | 控制 | 控制 | 控制 |
| Ind、Year | 控制 | 控制 | 控制 | 控制 | 控制 | 控制 |
| N | 19,820 | 19,820 | 19,820 | 19,820 | 19,820 | 19,820 |
| R-squared | 0.482 | 0.373 | 0.161 | 0.373 | 0.370 | 0.373 |