变量

模型

Re

Att

0.487^***

(2.900)

0.809^***

(3.716)

L.Att

0.547

(1.640)

TNA

0.673^***

(4.081)

0.294

(1.540)

0.759^***

(3.011)

Age

−0.052

(−0.867)

444.128^**

(2.387)

0.240

(0.588)

Market

85.704^***

(35.431)

−27,670.111^**

(−2.389)

0.877^***

(33.447)

Fee

−0.611

(−0.996)

−3,555.365^**

(−2.386)

−0.022

(−0.009)

常数项

−3.918^**

(−2.437)

3,390.527^**

(2.383)

−6.425

(−1.289)

固定效应

否

是

是

R²

0.426

0.750

0.445

调整R²

0.425

0.733

0.436

观测样本量

1777

1777

1777