| tbc | tbc | tbc | tbc | tbc | tbc |
SEA | 0.118*** (3.490) |
|
|
|
|
|
SEA_N |
| 0.118*** (3.490) |
|
|
|
|
SEA_P |
|
| 0.707*** (4.100) |
|
|
|
mix |
|
|
| 0.241*** (4.350) |
|
|
educetio |
|
|
| 0.0802 (1.510) |
|
|
wor |
|
|
| 0.103*** (2.260) |
|
|
cor |
|
|
|
| 0.164*** (3.6) |
|
ecor |
|
|
|
| 0.0663* (1.910) |
|
riskb |
|
|
|
|
| 4.969*** (12.99) |
lnsize | −0.921*** (−53.25) | −0.922*** (−53.32) | −0.922*** (−53.32) | −0.922*** (−53.30) | −0.921*** (−53.23) | −0.886*** (−51.57) |
grouth | 0.0000344 (0.490) | 3.45e 05(0.490) | 3.39e−05 (0.490) | 3.43e−05 (0.490) | 3.43e−05 (0.490) | 3.27e−05 (0.460) |
roundb | 0.161*** (5.290) | 0.161*** (5.300) | 0.161*** (5.300) | 0.161*** (5.310) | 0.161*** (5.300) | 0.154*** (5.150) |
debt | 0.0296 (−0.350) | −0.0289 (−0.340) | −0.0287 (−0.340) | −0.0249 (−0.290) | −0.0291 (−0.340) | −0.133 (−1.580) |
cost | 0.537*** (14.32) | 0.538*** (14.34) | 0.537*** (14.34) | 0.538*** (14.34) | 0.536*** (14.30) | 0.530*** (14.17) |
Mpeople | 0.00130 (0.260) | 2.33e−05 (0) | 0.00431 (0) | 0.000753 (0.150) | 0.00163 (0.330) | 0.00242 (0.500) |
DDZB | 1.140*** (4.860) | 1.136*** (4.840) | 1.119*** (4.840) | 1.136*** (4.840) | 1.127*** (4.800) | 1.140*** (4.900) |
lnast1 | −0.000810 (−0.360) | −0.000775 (−0.340) | −0.000733 (−0.340) | −0.000852 (−0.370) | −0.000707 (−0.310) | −0.000324 (−0.140) |
persentage_ | 0.610*** (5.280) | 0.613*** (5.320) | 0.610*** (5.320) | 0.614*** (5.330) | 0.608*** (5.270) | 0.607*** (5.360) |
ONE | 0.0135 (0.450) | 0.0135 (0.450) | 0.0129 (0.450) | 0.0129 (0.430) | 0.0142 (0.470) | 0.0166 (0.550) |
lninc | 0.295*** (12) | 0.293*** (11.88) | 0.290*** (11.88) | 0.293*** (11.89) | 0.294*** (11.92) | 0.306*** (12.64) |
date | 5.848 (0.660) | 5.746 (0.650) | 6.142 (0.650) | 6.277 (0.710) | 5.87 (0.670) | 3.037 (0.360) |
year | YES | YES | YES | YES | YES | YES |
industry | YES | YES | YES | YES | YES | YES |
N | 14418 | 14418 | 14418 | 14418 | 14418 | 14418 |