| (1) | (2) |
连锁股东 | 0.591*** | 0.109** |
(8.88) | (2.11) | |
Size |
| 0.452*** |
| (22.13) | |
ListAge |
| 0.480*** |
| (24.29) | |
ROE |
| −0.085*** |
| (−3.18) | |
Dual |
| 0.006 |
| (0.29) | |
Opinion |
| −0.083* |
| (−1.86) | |
Lev |
| −0.696*** |
| (−8.23) | |
Loss |
| 0.036* |
| (1.92) | |
Top10 |
| −0.186 |
| (−1.63) | |
Constant | 1.242*** | −9.205*** |
(181.26) | (−21.73) | |
Observations | 32,118 | 32,118 |
Number of id | 4028 | 4028 |
R-squared | 0.010 | 0.292 |