| 变量 | Fin | |
| (1) | (2) | |
| Information | 0.231*** (3.55) | 0.242*** (3.72) |
| Intlib |
| 0.023 (0.43) |
| Information*Intlib |
| −1.296*** (−2.46) |
| Lev | 0.370*** (14.29) | 0.371*** (14.36) |
| Bm | −0.018*** (−3.17) | −0.018*** (−3.14) |
| Revenuegro | −0.004 (−0.41) | −0.005 (−0.47) |
| Size | −0.034*** (6.98) | 0.034*** (6.97) |
| Soe | 0.360*** (36.99) | 0.360*** (36.99) |
| Constant | −0.615*** (−5.02) | −0.624*** (−4.91) |
| Year | 控制 | 控制 |
| Ind | 控制 | 控制 |
| R^2 | 0.2001 | 0.2004 |