Table 3 Dynamic effect test.
Variable | NQP |
|---|---|
d_5 | 0.0171 |
(1.01) | |
d_4 | 0.0157 |
(1.27) | |
d_3 | 0.0086 |
(1.04) | |
d_2 | 0.004 |
(0.64) | |
d_1 | -0.0032 |
(-0.81) | |
d1 | 0.0148*** |
(3.07) | |
d2 | 0.0149** |
(2.47) | |
d3 | 0.0183*** |
(2.60) | |
d4 | 0.0239*** |
(3.01) | |
d5 | 0.0228*** |
(2.65) | |
d6 | 0.0184* |
(1.94) | |
d7 | 0.0143 |
(1.48) | |
d8 | -0.0015 |
(-0.14) | |
d9 | -0.0578*** |
(-5.43) | |
controls | YES |
_cons | -0.201 |
(-1.49) | |
Firm | YES |
Year | YES |
N | 29,290 |
r2 | 0.721 |