被解释变量

(1)

(2)

(3)

ncskew

duvol

crash

F1

−0.0203***

−0.0139***

−0.0009

(0.003)

(0.002)

(0.001)

F2

−0.0125 **

−0.0077*

0.0082***

(0.004)

(0.003)

(0.002)

F3

0.0292***

0.0218***

0.0078***

(0.005)

(0.003)

(0.002)

F4

0.0122*

0.0095***

−0.0010

(0.005)

(0.003)

(0.002)

R-squared

0.004

0.004

0.002

Constant

−0.3273***

0.0917***

(0.005)

(0.002)

Observations

25,189

25,189

25,189