高管任职年限对中国民营矿业企业经营效率的影响研究
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郑明贵,吴萍
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Research on the Impact of Senior Executives’ Tenure on the Operating Efficiency of Private Mining Enterprises in China
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Minggui ZHENG,Ping WU
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表4 FGLS回归分析结果
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Table 4 Regression analysis results using FGLS method
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| 变量 | 估计系数 |
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| 模型(2) | 模型(3) | 模型(4) |
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| SIZE | 0.0140* (1.90) | 0.0108 (1.34) | 0.0109 (1.53) | | AGE | 0.0099*** (6.21) | 0.0089*** (5.50) | 0.0107*** (6.34) | | LEV | -0.0004 (-1.23) | -0.0003 (-1.00) | -0.0006* (-1.88) | | HTEN | -0.0042 (-0.16) | 0.0236 (1.00) | -0.0029 (-0.12) | | ATEN | -0.0177*** (-4.78) | -0.0225*** (-6.10) | -0.0180*** (-4.88) | | ANC | | -0.0111** (-2.15) | | | ANC×ATEN | | 0.0084*** (3.24) | | | TOP1 | | | 0.0010 (1.37) | | TOP1×ATEN | | | -0.0005** (-2.05) | | cons | 0.5971*** (17.80) | 0.6592*** (17.31) | 0.5764*** (13.48) | | Wald chi2 | 78.84*** | 103.04*** | 86.23*** |
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