| 变量名 | (1) | (2) |
| EnI | EnI | |
| MTF1 | 0.051*** | 0.028*** |
|
| (4.86) | (2.73) |
| MTF2 | 0.046*** | 0.020** |
|
| (4.64) | (2.17) |
| SIZE |
| 0.780*** |
|
|
| (10.44) |
| ROA |
| 0.269 |
|
|
| (0.22) |
| Tbq |
| −0.115 |
|
|
| (−1.44) |
| Bod |
| −0.078** |
|
|
| (−2.33) |
| TopTenHDR |
| −0.002 |
|
|
| (−0.49) |
| Sep |
| −0.009 |
|
|
| (−1.11) |
| Cur_rit |
| −0.034 |
|
|
| (−0.68) |
| Lev |
| 0.774 |
|
|
| (1.46) |
| Growth |
| −0.169 |
|
|
| (−0.81) |
| 行业效应 | No | Yes |
| 时间效应 | No | Yes |
| 常数项 | 14.946*** | −1.549 |
|
| (102.72) | (−0.97) |
| 观测值 | 3144 | 3144 |
| R-squared | 0.038 | 0.216 |