| VARIABLES | 被解释变量：donation | |
| (1) | (2) | |
| Soe = 1 | Soe = 0 | |
| Center | 0.184 | 0.544*** |
|
| (0.31) | (0.19) |
| size | 1.460*** | 1.974*** |
|
| (0.11) | (0.08) |
| ROA | 0.001 | 0.030** |
|
| (0.05) | (0.01) |
| listtime | 0.008 | −0.148*** |
|
| (0.03) | (0.02) |
| Cash | −0.170** | −0.029 |
|
| (0.07) | (0.05) |
| Comprehensive tax | −1.543** | −0.905 |
|
| (0.71) | (0.84) |
| gdp | 0.046 | 0.047 |
|
| (0.28) | (0.16) |
| FDI | 0.042 | 0.128* |
|
| (0.10) | (0.07) |
| Budget | −0.334 | −0.503*** |
|
| (0.31) | (0.19) |
| Constant | −14.253*** | −32.203*** |
|
| (3.90) | (2.67) |
| Year_i | 控制 | 控制 |
| Industry_i | 控制 | 控制 |
| Observations | 3488 | 4086 |
| R-squared | 0.126 | 0.490 |
| r2_a | 0.116 | 0.485 |
| F | 16.39 | 159.3 |