Top1

−8.34e−05

−8.34e−05*

0.000247***

3.30e−05

(−0.975)

(−1.662)

(3.801)

(0.544)

Year

−0.00127

0.000404

0.00423

−0.00128

Industry

0.0224

0.0141***

0.000616

0.00555

Constant

0.0230

0.0219

0.0116

0.0360*

(0.618)

(1.515)

(0.554)

(1.853)

Observations

226

541

265

423

R-squared

0.174

0.134

0.242

0.117