|
| (1) |
| (2) |
| 连锁股东 | 0.646*** |
| 0.153*** |
| (10.57) |
| (3.37) | |
| Size |
|
| 0.460*** |
|
|
| (24.68) | |
| ListAge |
|
| 0.475*** |
|
|
| (27.95) | |
| ROE |
|
| −0.059*** |
|
|
| (−2.68) | |
| Dual |
|
| 0.030 |
|
|
| (1.61) | |
| Opinion |
|
| −0.048 |
|
|
| (−1.11) | |
| Lev |
|
| −0.751*** |
|
|
| (−9.69) | |
| Loss |
|
| 0.016 |
|
|
| (0.95) | |
| Top10 |
|
| 0.146 |
|
|
| (1.44) | |
| Constant | 2.746*** |
| −8.089*** |
| (437.11) |
| (−20.68) | |
| Observations | 32,118 |
| 32,118 |
| Number of id | 4028 |
| 4028 |
| R-squared | 0.014 |
| 0.333 |