Model I

Model II

Dependent Variable

Ifinstock

Stock_ratio

net_house

0.1306128***

(0.01555)

0.0752509***

(0.0093126)

if_hf

0.4248974***

(0.0396702)

0.2390926***

(0.0262311)

income

0.1649434***

(0.0561665)

0.0958003

(0.037629)

num

0.0038782

(0.0016391)

0.0173393

(0.0073645)

gender

−0.176059***

(0.034644)

−0.1046691***

(0.0223019)