| (1) | (2) | (3) |
|
| 东部 | 西部 |
| 托宾Q | 托宾Q | 托宾Q |
Pro | 1.414*** | 1.183** | 3.069* |
| (2.77) | (2.05) | (1.69) |
MI | 0.0636* | 0.0378 | 0.0591 |
| (1.95) | (0.55) | (1.24) |
Age | 0.00870 | −0.00205 | 0.0549*** |
| (1.07) | (−0.21) | (3.57) |
Lev | −1.342** | −1.231* | −1.620*** |
| (−2.54) | (−1.67) | (−4.26) |
cash | 2.514*** | 2.548** | 2.113* |
| (3.03) | (2.51) | (1.91) |
size | −0.772*** | −0.796*** | −0.721*** |
| (−6.79) | (−5.49) | (−9.03) |
_cons | 19.44*** | 20.38*** | 17.60*** |
| (8.84) | (7.24) | (10.40) |
N | 2287 | 1753 | 534 |
adj.R-sq | 0.260 | 0.238 | 0.425 |
r2 | 0.262 | 0.241 | 0.432 |
F | 119.8 | 104.2 | 48.96 |