关于股权集中度调节效应是否显著问题说明

(1)全样本中股权集中度调节效应的P值为0.012，<0.055%的显著性水平xtrag ron div ar n.div#c.ar growt.h lav td 1.yaar,ta1x:LL以-a〔w1li)上以上以￥0i:18,709,2i4R叫：Laer上uu;withinh.1D92mirbet.wec:r0.0040w5.7wv-tall-0,04821x-10(16,15429)10620.上1.-r--0,2474ELul0.0000上生div-.0246606.0021737-9.970.000-.0295094-.0190119+L.000588500008896.620.000,0004143.0007627c.ciivte.cr.0001535.00006132.500.012.0000133.00027370D15413.040.02:i:.0117607.001120910.330.000.0119590,017561的⊥层-.0030002.0055984-0.540.592-,0139736.0079732029hC)13H-.口31书以s31511-.0)4W3J,C】2少分3-。号百4).00)1,011HH常3-.0)月12142012-.03073020021925-14,020.000035027702613272013-.04040550022064-18.310.000-,0447302-,0350807131-.39月729,C)25h号-1.690.000-.日443以4-.03h49112015-0171250002①15-20190.0000519197-077242016-.051646.0024293-21.260.000-,0564098-,045886221-.C4RC中i.中244于-19.3行.2中口-.口110-.04月41404201:.056202,0025946-21.700.000-.0513070-.05121622019-.06026730025933-22.380.0000555965-,05498822c311:-.1940755.030322-6.100.000-.2535102-.1316100(2)国企样本中股权集中度调节效应的P值为0.764，不显著（上次已做说明）HTVecr Tor Fn7y CIT N.07UTA.0F Irern ex91Tn1·y1T1T1T--1r指-.心-hun.Innx〔111g,-m.415p:.Itl,.nT111:8488958:888胎:8881·-1is:1·-g·-.anan?&.的的n31-少-nn.764-.nnn911,的的1斤rU.UDU,0以51217、7.WuSuaxs.u31r4:U.U11U151s学--0008551.093311-007157-0955991-a5-.nU464122412.，34L"r5-11。-.05801/9-,w11归15-41r121,0u4514u.5304u10.111(3)非国企样本中股权集中度调节效应的P值为0.055，<0.110%的显著性水平xtreg roe div cr c.div#c.cr growth size lev fd i.year ifif ==0,feH'ixed-ererl s (wilhin)12,193Group variaole:codelNumber of groups2,322R-1wilhin0.0987l山h1between 0.0210avg5.30wra11=0.0693Tm:父=10上(16,9855)61.43corr(u i Xo)--0.1711Prob F0.0000coeCoe[.sLd.Err.P>ILI|958C1⊥.Ir:Lerva⊥|div-.0272837.0031816-8.580.000-.0335203-.0210471cr.000832100011697.120.000000603.0010613c.div4c.cr,0001622.00008461.920.055-3.52e-06.000328growlh.0003837,00015412.490.013.0000815,0006858size.0176026.00177649.910.000,0141205.0210847lov-.0020036.0067678-0.300.767-.01527.0112627「.000716400190130.380.706-.0030104,0044433vear2011-.0104789.0029693-3.530.000-.0162995-.00465842012-.0338303.0029196-11.590.000-.0395533-.02810732013-,0424813.0029532-14,380.000-.0482101-.03669242011-.0391139,0030043-13.020.000-.0450029-,03322492015-.0465735.003109-14.980.000-.0526678-.04047932016-.0503070032441-15.510.000-.0566661-.0439478201-.0497559.003363-14.800.000-.056348-.04316382018-.0599848,0035227-17.030.000-.06689-.05307972019-.0626853,0036552-17.150.000-.0698502-.0555204cons-,25015810372881-6.710.000-.3232504-,1770658