[Retracted] Minimum Shareholding Proportion of Equity Funds and Stock Volatility Evidence from a Quasi-Natural Experiment

Table 3

Analyzing whether it is affected by large-scale fund holdings.

	(1)	(2)
TreatAfter	−1.065	-1.080
	(0.315)	(0.323)
TreatAfterFund	−0.739	−1.386
	(0.439)	(0.444)
LMV		1.596
		(0.214)
PB		−0.000
		(0.000)
ROA		0.000
		(0.001)
EPS		0.286
		(0.181)
Qturn		1.508
		(0.129)
Cons	19.384	23.129
	(0.702)	(5.346)
Individual	Yes	Yes
Year	Yes	Yes
Observers	22905	22905
Adj.	0.0755	0.1047

Note. Standard error values are shown in brackets; the symbols , , and represent significant at the level of 10%, 5%, and 1%, respectively; individual indicates the individual effect, and year indicates the time effect.