(1)

(2)

(3)

(4)

VARIABLES

FC

Comp

FC

FC

Breadth

−0.149***

0.0135***

−0.145***

(0.00687)

(0.00515)

(0.00573)

Comp

−0.393***

−0.362***

(0.0177)

(0.0105)

Controls

控制

控制

控制

控制

Observations

5098

5098

5098

5098

R-squared

0.992

0.261

0.988

0.994

Number of id

949

949

949

949