|
| (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 |