| (1) |
变量 | y |
DID | 0.381** |
| (2.18) |
年份 | −0.538* |
| (−1.95) |
实施 | −0.068 |
| (−0.41) |
SIZE | −0.548*** |
| (−5.90) |
TAGR | −0.091* |
| (−1.96) |
LEV | 1.101*** |
| (2.78) |
ROA | −1.130*** |
| (−2.66) |
2017.year | −0.681*** |
| (−3.16) |
2018.year | −0.742*** |
| (−9.38) |
2019.year | −0.499*** |
| (−6.25) |
2020.year | −0.180** |
| (−2.16) |
Constant | 14.619*** |
| (6.87) |
Observations | 5249 |
R-squared | 0.196 |
Company FE | YES |
Year FE | YES |
F test | 0 |
r2_a | 0.194 |
F | 32.82 |