|
| (1) | (2) |
| 变量 | LNFEE_lag1 | LNFEE_lag2 |
| STRADER | 0.616*** | 0.498*** |
|
| (5.08) | (3.88) |
| Controls | Yes | Yes |
| Constant | 5.846*** | 6.056*** |
|
| (69.05) | (63.23) |
| Industry fixed effect | Yes | Yes |
| Year fixed effect | Yes | Yes |
| Observations | 16,118 | 13,747 |
| R-squared | 0.626 | 0.592 |
| r2_a | 0.625 | 0.591 |