absEM

T-values

treated

0.0116***

(3.83)

LN_a

0.0012

(0.53)

Lev

0.0009***

(5.09)

ReceiR

0.0201

(1.54)

Tq

0.0136***

(6.91)

Netprofit

−2.45e−13

(−0.95)

ROA

0.0004

(1.26)

Stateshr

0.0002

(1.21)

age

2.81e−5

(0.09)

gender

−0.0061

(−1.10)

tenure

−0.0029**

(−2.34)

education

−0.0030**

(−2.09)

N_director

−0.0035***

(−2.70)

N_manager

−0.0027***

(−3.50)

N_supervisor

−0.0034

(−1.32)

meeting

−0.0000

(−0.07)

N

10622

INDUSTRY

YES

YEAR

YES