| 上市第一年 | 上市第二年 |
REM | REM | |
SI_Cost | −0.0571* | 0.0310* |
(−1.9520) | (1.8963) | |
Lnsize | 0.0124 | 0.0022 |
(1.0810) | (0.3603) | |
Lev | −0.1662*** | −0.0371 |
(−2.6902) | (−1.1011) | |
ATO | 0.1335*** | 0.1143*** |
(4.5585) | (5.4195) | |
Cashflow | −0.3583*** | −0.1515*** |
(−3.5699) | (−2.8776) | |
Growth | −0.0003 | −0.0000 |
(−0.5623) | (−0.1453) | |
Board | 0.0381 | −0.0625** |
(0.7439) | (−2.1587) | |
Indep | 0.1534 | −0.1435 |
(0.8510) | (−1.4138) | |
Top10 | −0.0033 | −0.1305*** |
(−0.0455) | (−3.5091) | |
Dual | −0.0011 | −0.0039 |
(−0.0688) | (−0.4719) | |
Industry | Yes | Yes |
Year | Yes | Yes |
Underwriter | Yes | Yes |
_cons | 0.0704 | 0.2583*** |
(0.4029) | (2.7471) | |
N | 374 | 210 |
R2 | 0.283 | 0.407 |