模型1 (tobinq)

模型2 (tobinq)

模型3 (eo)

模型4 (tobinq)

模型5 (tobinq)

mstock

−0.0016^***

−0.0016^***

−0.0195^***

−0.0014^***

−0.0015^***

(0.0004)

(0.0004)

(0.0035)

(0.0003)

(0.0003)

share

0.0016^***

0.0016^***

0.0189^***

0.0015^***

0.0015^***

(0.0002)

(0.0002)

(0.0051)

(0.0002)

(0.0002)

fsize

0.1125^***

0.1126^***

−1.3816^***

0.1226^***

0.1221^***

(0.0220)

(0.0224)

(0.1300)

(0.0247)

(0.0254)

fage

−0.0099^***

−0.0103^***

0.2662^***

−0.0118^***

−0.0122^***

(0.0023)

(0.0024)

(0.0824)

(0.0033)

(0.0034)

debt

−0.2331^***

−0.3010^***

−0.6383^***

−0.2333^***

−0.2966^***

(0.0586)

(0.0426)

(0.2339)

(0.0578)

(0.0423)

dual

0.0303^***

0.0304^***

−0.0759

0.0308^***

0.0309^***

(0.0105)

(0.0098)

(0.0508)

(0.0103)

(0.0097)

indera

0.1035^*

0.0996^*

−0.2100

0.1047^*

0.1010^*

(0.0548)

(0.0555)

(0.3188)

(0.0536)

(0.0543)

slack

−0.0098^***

−0.0967^***

−0.0091^***

(0.0034)

(0.0272)

(0.0034)

eo

0.0073^***

0.0069^**

(0.0026)

(0.0027)

_cons

−2.2305^***

−2.1836^***

3.1518^***

−2.4480^***

−2.3909^***

(0.4378)

(0.4502)

(3.3673)

(0.4923)

(0.5105)

R²

0.0655

0.0684

0.1180

0.0686

0.0712

Hausman检验

67.12^***

79.26^***

208.37^***

69.19^***

79.74^***

模型的F值

183.87^***

364.27^***

2345.03^***

244.42^***

386.43^***