CEOsh

−0.2944

(−1.27)

−0.0634***

(−6.03)

−0.0662***

(−5.44)

0.0304*

(1.92)

−0.0063*

(−1.94)

−0.0060*

(−1.67)

Year Fixed Effect

Yes

Yes

Yes

Yes

Yes

Yes

Industry Fixed Effect

Yes

Yes

Yes

Yes

Yes

Yes

F

15.73

43642.13

1003.96

19.91

.

44.09

Prob> F

0.0000

0.0000

0.0000

0.0000

.

0.0000

R²

0.0189

0.1112

0.0186

0.0792

0.0199

0.0227

Obs

9042

9752

18,794

5515

7549

13,064