| VARIABLES | (1) | (2) | (3) | (4) | (5) | (6) |
| ncskew_mdos | duvol_mdos | crash_mdos | ncskew_mdos | duvol_mdos | crash_mdos | |
| Debt1 | 0.0240*** | 0.0205*** | 0.00990*** |
|
|
|
|
| (0.00433) | (0.00279) | (0.00162) |
|
|
|
| Debt2 |
|
|
| 0.0129** | 0.00814** | −1.18e−05 |
|
|
|
|
| (0.00559) | (0.00360) | (0.00209) |
| 控制变量 | YES | YES | YES | YES | YES | YES |
| Constant | −0.520*** | −0.116 | 0.301*** | −0.574*** | −0.133 | 0.270*** |
|
| (0.168) | (0.108) | (0.0630) | (0.139) | (0.0892) | (0.0519) |
| Observations | 24,012 | 24,012 | 24,012 | 24,324 | 24,324 | 24,324 |
| R-squared | 0.018 | 0.021 | 0.013 | 0.012 | 0.015 | 0.010 |