| (1) |
| (2) |
连锁股东 | 0.555*** |
| 0.166*** |
(8.59) |
| (3.53) | |
Size |
|
| 0.411*** |
|
| (19.37) | |
ListAge |
|
| 0.695*** |
|
| (27.56) | |
ROE |
|
| −0.074*** |
|
| (−2.77) | |
Dual |
|
| 0.036* |
|
| (1.83) | |
Opinion |
|
| −0.042 |
|
| (−0.95) | |
Lev |
|
| −0.695*** |
|
| (−8.25) | |
Loss |
|
| −0.007 |
|
| (−0.42) | |
Top10 |
|
| 0.444*** |
|
| (4.16) | |
Constant | 2.798*** |
| −7.747*** |
(436.38) |
| (−17.95) | |
|
|
| |
Observations | 27,670 |
| 27,670 |
Number of id | 3,828 |
| 3,828 |
R-squared | 0.010 |
| 0.323 |