(1) Hqd

(2) Hqd

(3) Hqd

Bdf

0.000220^*** (9.48)

Ddf

0.000236^*** (10.17)

Ddfi

0.000160^*** (8.04)

Fdi

0.240^*** (12.08)

0.245^*** (12.41)

0.242^*** (11.69)

Rfor

−0.0282 (−0.15)

−0.0158 (−0.09)

−0.0790 (−0.42)

Fai

−0.0807^*** (−6.18)

−0.0788^*** (−6.17)

−0.0940^*** (−6.74)

_cons

0.253^*** (16.13)

0.244^*** (15.53)

0.261^*** (16.21)

N

310

310

310