变量 | GTI | ENV |
Overseas | 0.156*** | 0.939** |
| (−2.75) | (−2.4) |
GTI |
| 0.259*** |
|
| (−4.38) |
Size | −0.0184 | 0.891*** |
| (−1.33) | (−9.37) |
Lev | 0.0243 | 0.749** |
| (−0.45) | (−2) |
ROA | 0.113 | −0.708 |
| (−1.34) | (−1.21) |
Capital | −0.201 | −1.655* |
| (−1.56) | (−1.85) |
R&D | 0.00185 | −0.00197 |
| (−1) | (−0.15) |
Board | 0.0146*** | −0.0299 |
| (−2.65) | (−0.79) |
TobinQ | −0.00738* | 0.0581** |
| (−1.83) | (−2.09) |
top10 | −0.00215*** | −0.0472*** |
| (−3.09) | (−9.83) |
_cons | 0.911*** | −12.18*** |
| (−3.15) | (−6.10) |
N | 16242 | 16242 |
R-sq | 0.097 | 0.172 |
F | 86.15 | 157.1 |