| 模型(1) | 模型(2) | 模型(3) |
变量名 | PAT | PAT | PAT |
LESGP | 0.041*** | 0.042*** | 0.037*** |
(10.50) | (9.65) | (8.25) | |
Media |
| 0.053** | 0.010 |
| (1.82) | (0.13) | |
LESGM |
| −0.002*** | 0.008 |
| (−2.61) | (0.10) | |
LESGM2 |
|
| −0.001*** |
|
| (−3.84) | |
SIZE | 0.427*** | 0.425*** | 0.405*** |
(20.89) | (19.23) | (17.84) | |
bod | −0.036 | −0.038 | −0.033 |
(−0.34) | (−0.36) | (−0.31) | |
Growth | 0.272*** | 0.271*** | 0.270*** |
(3.93) | (3.91) | (3.90) | |
Lev | −1.021*** | −1.021*** | −1.001*** |
(−7.83) | (−7.81) | (−7.66) | |
Age | −1.074*** | −1.077*** | −1.050*** |
(−10.44) | (−10.44) | (−10.17) | |
行业效应 | Yes | Yes | Yes |
时间效应 | Yes | Yes | Yes |
常数项 | −3.755*** | −3.735*** | −3.329*** |
| (−6.82) | (−6.31) | (−5.54) |
观测值 | 7479 | 7479 | 7479 |
R-squared | 0.135 | 0.135 | 0.137 |