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