VARIABLES | Input |
Subsidy | 0.265*** |
| (3.61) |
Tax | 0.370*** |
| (3.62) |
Size | −0.010*** |
| (−8.24) |
Lev | 0.001 |
| (0.23) |
Age | −0.001* |
| (−1.71) |
Roe | −0.005 |
| (−0.39) |
Constant | 0.273*** |
| (7.95) |
年份固定效应 | Control |
个体固定效应 | Control |
Observations | 1,930 |
R-squared | 0.926 |