| 被解释变量donation | |||
| VARIABLES | ALC_department | ALC_item | ALC_window |
| ALC_department | 0.002 |
|
|
|
| (0.00) |
|
|
| ALC_item |
| 0.001*** |
|
|
|
| (0.00) |
|
| ALC_window |
|
| 0.000 |
|
|
|
| (0.00) |
| size | 1.560*** | 1.571*** | 1.538*** |
|
| (0.07) | (0.08) | (0.08) |
| ROA | 0.012 | −0.019 | 0.009 |
|
| (0.02) | (0.05) | (0.02) |
| listtime | −0.128*** | −0.148*** | −0.146*** |
|
| (0.01) | (0.02) | (0.02) |
| Cash | −0.074 | −0.078 | −0.085 |
|
| (0.05) | (0.05) | (0.06) |
| Comprehensive_tax | −1.195** | −1.360*** | −1.499** |
|
| (0.55) | (0.50) | (0.61) |
| gdp | −0.077 | −0.037 | −0.353* |
|
| (0.16) | (0.18) | (0.21) |
| fdi | 0.098 | 0.166** | 0.330*** |
|
| (0.06) | (0.07) | (0.09) |
| Budget | −0.219 | −0.579*** | −0.237 |
|
| (0.17) | (0.21) | (0.22) |
| Constant | −24.186*** | −18.670*** | −20.690*** |
|
| (2.24) | (2.64) | (2.76) |
| Year_i | 控制 | 控制 | 控制 |
| Industry_i | 控制 | 控制 | 控制 |
| Observations | 7256 | 6238 | 4363 |
| R−squared | 0.314 | 0.308 | 0.340 |
| r2_a | 0.310 | 0.302 | 0.333 |
| F | 194.1 | 164.1 | 133.6 |