(1)

(2)

(3)

(1)

(2)

(3)

(1)

(2)

(3)

(1)

(2)

(3)

(1)

(2)

(3)

(1)

(2)

(3)

VARIABLES

shrhfd10

shrhfd10

shrhfd10

shrhfd10

shrhfd10

shrhfd10

shrhfdm

shrhfdm

shrhfdm

shrhfdm

shrhfdm

shrhfdm

vc

vc

vc

vc

vc

vc

gf

−0.0118^**

0.00597

−0.0124^**

−0.0121^*

−0.00164

−0.00932

−0.106^***

−0.106^*

−0.0153

−0.141^***

−0.0172

−0.0406

−1.449^***

−3.608^***

−0.679

−1.430^***

−3.173^*

−0.621

−0.00565

−0.0152

−0.00604

−0.00666

−0.0205

−0.00697

−0.0273

−0.0548

−0.0327

−0.0324

−0.074

−0.038

−0.45

−1.391

−0.506

−0.531

−1.876

−0.583

gs

0.00266

−0.0157

0.00914

−0.0211

−0.130^***

0.0289

0.254

0.817

−0.14

−0.00616

−0.0129

−0.00689

−0.0301

−0.05

−0.0374

−0.495

−1.234

−0.585

kf

0.00161

−0.00565

0.0128

−0.164^***

−0.299^***

−0.0481

−0.685

0.0924

−0.0828

−0.0105

−0.0221

−0.011

−0.0528

−0.104

−0.0623

−0.842

−2.146

−0.931

ks

0.0105^*

−0.00461

0.0140^**

−0.139^***

−0.102^**

−0.0167

−1.264^***

−1.175

−0.716

−0.00603

−0.0135

−0.00669

−0.0285

−0.0507

−0.0354

−0.478

−1.246

−0.558

gfgs

0.00851

−0.0299^*

0.0101

−0.0699^*

−0.0532

−0.00673

0.423

3.353^*

−0.681

−0.00775

−0.0181

−0.00855

−0.0393

−0.0693

−0.0481

−0.626

−1.748

−0.737

gfkf

0.00289

0.0118

−0.001

0.0273

−0.299^***

0.154^**

−0.106

0.148

−0.52

−0.0117

−0.0276

−0.0132

−0.0589

−0.103

−0.0743

−0.947

−2.554

−1.115

gfks

0.0152

−0.00487

0.00711

−0.0573

−0.161^*

0.0265

−0.746

−1.212

−1.101

−0.0112

−0.0268

−0.0128

−0.0552

−0.0974

−0.0695

−0.889

−2.467

−1.068

gfgskf

0.0112

−0.00192

0.0141^*

−0.171^***

−0.110^*

−0.000933

−1.347^**

0.195

−0.854

−0.00755

−0.0167

−0.00796

−0.0364

−0.0651

−0.0435

−0.601

−1.558

−0.669

gfgsks

0.00607

−0.0178

0.0284^**

−0.196^***

−0.225^*

−0.0227

−1.37

−5.224^*

−0.0866

−0.0128

−0.0299

−0.0144

−0.0633

−0.132

−0.0789

−1.016

−2.972

−1.209

gfkfks

0.00444

−0.0235

0.0202

−0.084

−0.535^***

0.00269

−0.392

−1.92

−0.425

−0.0141

−0.039

−0.0164

−0.0723

−0.142

−0.0917

−1.117

−3.597

−1.377

gfgskfks

0.024

0

0.0264

−0.27

0

−0.072

−8.336^**

0

−0.914

−0.0427

0

−0.0388

−0.199

0

−0.209

−3.379

0

−3.239

Constant

0.0937^***

0.162^***

0.0563^***

0.0935^***

0.162^***

0.0577^***

0.718^***

0.149^**

0.400^***

0.717^***

0.135^*

0.400^***

7.460^***

6.418^***

3.177^**

7.459^***

6.357^***

3.261^**

−0.0132

−0.0209

−0.0169

−0.0132

−0.0209

−0.0169

−0.0524

−0.0697

−0.0752

−0.0525

−0.0698

−0.0754

−1.047

−1.877

−1.332

−1.049

−1.875

−1.333

Ob

4600

1117

2138

4600

1117

2138

4575

1092

2138

4575

1092

2138

4465

1075

2082

4465

1075

2082

No.stkcd

717

601

716

717

601

716

717

586

716

717

586

716

717

587

707

717

587

707