| Variable name | (1) IPG 1 | (2) IPG 2 | (3) IPG 1 | (4) IPG 2 |
| TFP_OP | TFP_OP | |||
| Overipg | −0.00141*** | −0.000864*** |
|
|
|
| (−3.49) | (−3.43) |
|
|
| Overipg*ESOP | 0.00142* | 0.000873* |
|
|
|
| (1.81) | (1.76) |
|
|
| ESOP | 0.0132 | 0.0134 | 0.00338 | 0.00345 |
|
| (1.02) | (1.03) | (0.24) | (0.24) |
| LOveripg |
|
| −0.00147*** | −0.000918*** |
|
|
|
| (−3.21) | (−3.20) |
| LOveripg*ESOP |
|
| 0.00148** | 0.00092** |
|
|
|
| (2.22) | (2.20) |
| Constant | −1.173*** | −1.174*** | −0.369 | −0.369 |
|
| (−3.47) | (−3.47) | (−0.82) | (−0.82) |
| Control | Yes | Yes | Yes | Yes |
| Year/Industry | Yes | Yes | Yes | Yes |
| Sample size | 5260 | 5260 | 5260 | 5260 |
| adj.R2 | 0.899 | 0.899 | 0.899 | 0.899 |