| FSub | 0.6405*** |
|
|
|
| (0.1077) |
|
|
| LCSR*FSub | 0.2280*** |
|
|
|
| (0.0471) |
|
|
| ERT |
| 0.1269*** |
|
|
|
| (0.0092) |
|
| LCSR*ERT |
| 0.0319*** |
|
|
|
| (0.0070) |
|
| Taxp |
|
| 0.0177*** |
|
|
|
| (0.0022) |
| LCSR*Taxp |
|
| 0.0082*** |
|
|
|
| (0.0017) |
| _cons | 0.0424*** | 0.0322*** | 0.0462*** |
| (0.0073) | (0.0073) | (0.0077) | |
| 控制变量 | Yes | Yes | Yes |
| 行业、时间固定效应 | Yes | Yes | Yes |
| 样本个数 | 13,751 | 13,751 | 13,543 |
| R-squared | 0.1244 | 0.1315 | 0.0901 |