|
| (1) | (2) |
|
| ITotal | Inew |
| Treat × Post | 0.031** | 0.056** |
|
| (2.256) | (2.015) |
| Cash | −0.008 | −0.095 |
|
| (−0.076) | (−0.576) |
| Sgrow | 0.031 | 0.016 |
|
| (1.432) | (1.085) |
| Mpay | −0.001 | −0.002 |
|
| (−0.089) | (−0.106) |
| Tang | −0.314 | 0.208 |
|
| (−1.068) | (1.001) |
| DNI | 0.089 | −0.367** |
|
| (1.003) | (−2.564) |
| Year.FE | Yes | Yes |
| Firm.FE | Yes | Yes |
| N | 1420 | 1420 |