(1)

(2)

(3)

(4)

VARIABLES

FC

Comp

FC

FC

L.Finumer

−0.128***

0.0245***

−0.118***

(0.00457)

(0.00520)

(0.00314)

Comp

−0.393***

−0.424***

(0.0177)

(0.0101)

Controls

控制

控制

控制

控制

Observations

4051

4051

5100

4051

R-squared

0.990

0.324

0.988

0.994

Number of id

750

750

951

750