|
| 弱相关检验 | 工具变量法回归 |
| Officer |
| 7.616** |
|
| (8.224) | |
| Instrumental Variable | 0.0099*** |
|
| (0.003) |
| |
| Pro | −0.0009 | −1.652*** |
| (0.006) | (0.157) | |
| SIZE | −0.0077*** | −0.137 |
| (0.002) | (0.085) | |
| Debt | −0.1230*** | −4.903*** |
| (0.013) | (1.070) | |
| Top1 | −0.0003* | −0.009** |
| (0.000) | (0.004) | |
| Cf | −0.0622*** | −1.364* |
| (0.022) | (0.744) | |
| GDP | 0.0011*** | 0.027*** |
| (0.000) | (0.009) | |
| Con | 0.4199*** | 6.624* |
| (0.045) | (3.802) | |
| N | 5824 | 5824 |
| R2 | 0.042 | 0.168 |