| Dependent Variable = RD | Suest test | ||
(1) | (2) | (3) | ||
OC | 0.00195*** (2.84) | 0.00104** (1.00) | 0.00307*** (4.07) |
|
FC | −0.00128* (−1.27) | −0.00204* (−1.43) | −0.00031* (−0.24) |
|
OC*FC | 0.00309*** (3.56) | 0.00697*** (6.08) | 0.00268*** (2.17) | 0.0036 |
SIZE | 0.00602*** (8.38) | 0.00523*** (4.94) | 0.00715*** (8.44) |
|
LEV | −0.01513*** (−6.25) | −0.01375*** (−4.13) | −0.018799*** (−5.88) |
|
ROA | −0.02182*** (−6.44) | −0.01772*** (−4.16) | −0.04001*** (−7.04) |
|
TBQ | −0.00042*** (−2.39) | −0.00038* (−1.66) | −0.00035* (−1.39) |
|
SHARE | −0.00897** (−1.82) | −0.00628 (−0.82) | −0.00961* (−1.82) |
|
DAULITY | 0.00041 (0.53) | 0.00073* (0.70) | −0.00033 (−0.35) |
|
R2 | 0.0543 | 0.0318 | 0.1645 |
|
N | 6615 | 4189 | 2426 |
|