|
| Tu |
| CC_top5_1 | −0.0036*** |
|
| (−3.19) |
| Lev | 0.0264*** |
|
| (16.69) |
| Size | −0.0030*** |
|
| (−10.79) |
| Roa | −0.0067 |
|
| (−1.15) |
| Sep | 0.0000 |
|
| (1.43) |
| Indep | 0.0026 |
|
| (0.63) |
| Auditor | −0.0169*** |
|
| (−9.33) |
| Growth | 0.0005 |
|
| (1.22) |
| Debt | −0.0057*** |
|
| (−5.08) |
| SOE | −0.0013** |
|
| (−2.11) |
| _cons | 0.0885*** |
|
| (13.98) |
| Industry | controlled |
| Year | controlled |
| N | 8075 |
| R2 | 0.1766 |
| Adjust-R2 | 0.1732 |
| F value | 52.25 |