| (1) | (2) |
变量 | OInvest | UndInvest |
Miscredit | 0.009** | −0.002*** |
(2.56) | (−3.13) | |
Miscredit*State | −0.007** | 0.001** |
(−2.05) | (1.15) | |
Growth | −0.001 | −0.001 |
(−1.38) | (−1.09) | |
Top10 | 0.000*** | −0.000* |
(2.93) | (−1.90) | |
Size | 0.005 | 0.000 |
(1.06) | (0.50) | |
Staff | −0.012** | 0.003*** |
(−2.01) | (2.88) | |
Eps | 0.014*** | −0.004** |
(3.51) | (−2.42) | |
Profit | −0.000 | 0.028** |
(−0.00) | (2.43) | |
Tobinq | 0.004 | −0.002*** |
(1.31) | (−3.19) | |
Constant | 0.023 | −0.054*** |
(0.41) | (−3.81) | |
年度 | 控制 | 控制 |
行业 | 控制 | 控制 |
Observations | 2,519 | 3,608 |
R-squared | 0.057 | 0.068 |