Economic consequence analysis
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| ROA | ROA | ROE | ROE | |
| DF | 0.0115** | 0.0078 | 0.0234** | 0.0186* |
| (2.0024) | (1.4334) | (2.1135) | (1.7329) | |
| FC | −0.3509*** | −0.4568*** | ||
| (−12.7586) | (−8.9859) | |||
| Controls | Yes | Yes | Yes | Yes |
| Year/city fixed effects | Yes | Yes | Yes | Yes |
| N | 3,732 | 3,732 | 3,732 | 3,732 |
| Within R2 | 0.2914 | 0.3419 | 0.2967 | 0.3238 |
| (1) | (2) | (3) | (4) | |
|---|---|---|---|---|
| ROA | ROA | ROE | ROE | |
| DF | 0.0115** | 0.0078 | 0.0234** | 0.0186* |
| (2.0024) | (1.4334) | (2.1135) | (1.7329) | |
| FC | −0.3509*** | −0.4568*** | ||
| (−12.7586) | (−8.9859) | |||
| Controls | Yes | Yes | Yes | Yes |
| Year/city fixed effects | Yes | Yes | Yes | Yes |
| 3,732 | 3,732 | 3,732 | 3,732 | |
| Within | 0.2914 | 0.3419 | 0.2967 | 0.3238 |
Note(s): * Significant at the 10% lelvel, ** significant at the 5% confidence level, *** significant at the 1% confidence level
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