Variable | (1) | (2) | (3) | (4) | (5) | (6) |
ECPM | 0.071*** (3.15) | 0.071*** (3.13) | 0.074*** (3.26) | 0.072*** (3.18) | 0.073*** (3.24) | 0.069*** (3.07) |
Gender | 0.041 (1.28) | 0.043 (1.34) | 0.045 (1.42) | 0.047 (1.47) | 0.045 (1.43) | 0.043 (1.35) |
Age | −0.003** (−2.34) | −0.003** (−2.41) | −0.003** (−2.53) | −0.004*** (−2.59) | −0.004** (−2.56) | −0.003** (−2.33) |
Education | 0.025 (1.39) | 0.023 (1.25) | 0.021 (1.14) | 0.017 (0.96) | 0.019 (1.05) | 0.023 (1.26) |
Compensation | −0.003 (−0.12) | −0.003 (−0.11) | −0.002 (−0.07) | 0.002 (0.06) | −0.002 (−0.07) | 0.001 (0.04) |
PI | 0.273*** (11.49) | 0.275*** (11.55) | 0.273*** (11.45) | 0.273*** (11.44) | 0.275*** (11.57) | 0.269*** (11.26) |
Establish | 0.009*** (3.74) | 0.008*** (3.70) | 0.009*** (3.74) | 0.009*** (3.78) | 0.008*** (3.73) | 0.009*** (3.88) |
Revenue | 0.081*** (8.84) | 0.081*** (8.84) | 0.081*** (8.88) | 0.081*** (8.88) | 0.081*** (8.87) | 0.081*** (8.87) |
DTA | −0.000 (−0.05) | −0.000 (−0.04) | 0.000 (0.08) | 0.000 (0.06) | 0.000 (0.00) | 0.000 (0.02) |
Profit | 0.158*** (8.68) | 0.158*** (8.66) | 0.158*** (8.68) | 0.157*** (8.58) | 0.157*** (8.59) | 0.158*** (8.66) |
Staff number | 0.380*** (14.00) | 0.379*** (13.94) | 0.381*** (14.04) | 0.382*** (14.07) | 0.382*** (14.06) | 0.381*** (14.01) |
Buddhism | 0.024*** (3.15) |
|
|
|
| 0.027 (1.54) |
Taoism |
| 0.016*** (2.74) |
|
|
| 0.004 (0.30) |
Christian |
|
| 0.054** (2.56) |
|
| 0.017 (0.58) |
Muslim |
|
|
| 0.013* (1.66) |
| 0.021** (2.41) |
Catholicism |
|
|
|
| 0.002 (0.16) | −0.026* (−1.83) |
Industry | Yes | Yes | Yes | Yes | Yes | Yes |
Region | Yes | Yes | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes | Yes | Yes |
R2 | 0.343 | 0.342 | 0.342 | 0.342 | 0.342 | 0.344 |
N | 6158 | 6158 | 6158 | 6158 | 6158 | 6158 |