| (1) | (2) |
Risk | Risk | |
Entro | 0.0033*** | 0.0036*** |
| (3.2475) | (3.5284) |
SOE |
| −0.0074*** |
|
| (−7.0513) |
Growth |
| −0.0194*** |
|
| (−11.7590) |
TOP1 |
| −0.0003*** |
|
| (−9.4428) |
lnSize |
| −0.0035*** |
|
| (−7.4308) |
Debt |
| 0.0010 |
|
| (0.2161) |
Er |
| 0.0058*** |
|
| (7.2771) |
_cons | 0.0897*** | 0.1760*** |
| (17.5637) | (16.8443) |
N | 16270 | 16270 |
adj. R2 | 0.081 | 0.108 |