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5 改变高管任职年限测算方法的稳健性检验结果
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Table 5 Results of robustness test for changing the calculation method of senior executives’tenure
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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 | 0.0111 (1.39) | 0.0108 (1.23) | 0.0095 (1.24) | | AGE | 0.0108*** (6.65) | 0.0087*** (5.07) | 0.0118*** (6.64) | | LEV | -0.0002 (-0.58) | -0.0004 (-1.20) | -0.0004 (-1.36) | | HTEN | -0.0095 (-0.36) | 0.0057 (0.23) | -0.0141 (-0.57) | | ATEN | -0.0217*** (-4.00) | -0.0232*** (-4.51) | -0.0234*** (-4.37) | | ANC | | -0.0127** (-2.18) | | | ANC×ATEN | | 0.0061** (2.09) | | | TOP1 | | | 0.0007 (1.04) | | TOP1×ATEN | | | -0.0005** (-2.24) | | cons | 0.5851*** (18.01) | 0.6669*** (15.45) | 0.5719*** (13.11) | | Wald chi2 | 114.07*** | 76.26*** | 133.48*** |
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