Research Article
Equity Incentive Model, Source of Subject Matter and Enterprise Performance: Modification Effect Based on Equity Incentive Intensity
Table 7
Robustness test results for incentive source and enterprise performance (ROE).
| | | ROE01 | ROE02 |
| | Mode | −0.0147 (−1.6992) | −0.0157 (−1.9181) | | Size | | 0.0478 (2.8791) | | Lev | | −0.3525 (−3.2471) | | Operation | | 0.1773 (4.3791) | | Growth | | 0.0419 (2.9558) | | Both | | 0.0148 (1.5513) | | Shrhfd1 | | 0.0007 (0.8299) | | Donation | | 0.0000 (1.9331) | | _cons | 0.1515 (12.1462) | −0.8683 (−2.5732) | | TE | Yes | Yes | | FE | Yes | Yes | | N | 1876 | 1876 | | R2 | 0.0377 | 0.2975 | | Adj. R2 | 0.0320 | 0.2907 |
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Note., , indicate significant at the 1%, 5%, 10% levels. |
