(1)

(2)

ROA

ROA

Rur_D

0.007***

(2.763)

Rur_scl

0.003***

(4.139)

Size

−0.000

−0.002***

(−0.627)

(−2.650)

Dual

−0.004

−0.005*

(−1.638)

(−1.813)

Board

0.001

0.001

(1.414)

(1.019)

Share

0.001***

0.001***

(12.022)

(9.810)

Growth

−0.001

−0.000

(−0.900)

(−0.181)

Idr

−0.000

−0.000

(−0.298)

(−0.704)

Soe

−0.016***

−0.017***

(−7.570)

(−7.058)

_cons

0.006

0.011

(0.456)

(0.726)

N

3524

2832

r2_a

0.072

0.083

year

Yes

Yes

ind

Yes

Yes