变量

Life1

Life2

Life3

DA

DA

DA

Pay

−0.028

0.006

0.020^*

(0.004)

(0.002)

(0.002)

ROA

0.401^***

0.463^***

0.476^***

(0.028)

(0.014)

(0.013)

Size

0.005

0.002

0.005^***

(0.002)

(0.001)

(0.001)

State

0.003

0.004

0.002

(0.007)

(0.003)

(0.003)

_cons

0.098

0.094^**

0.006

(0.060)

(0.032)

(0.029)

N

3367

4669

7238