Determinants for human resource heterogeneity
| (1) Heter | (2) | |||
|---|---|---|---|---|
| Coefficients | t-statistic | Coefficients | t-statistic | |
| Heter | 0.724*** | (74.556) | ||
| Rdratio | 0.105*** | (6.509) | 0.012** | (2.348) |
| Ocf | −0.035** | (−1.971) | −0.029*** | (−3.035) |
| Sdsale | 0.197*** | (4.052) | 0.059*** | (2.833) |
| Lev | −0.041*** | (−3.442) | −0.010** | (−2.210) |
| Size | 0.003 | (1.433) | 0.000 | (0.365) |
| Btm | −0.025*** | (−3.998) | −0.007*** | (−2.632) |
| Indcomp | −0.175*** | (−3.831) | 0.012 | (0.727) |
| Dual | 0.002 | (0.502) | −0.001 | (−0.674) |
| Firstshr | −0.006 | (−0.543) | 0.001 | (0.326) |
| Age | −0.000 | (−1.556) | 0.000 | (0.430) |
| Soe | −0.004 | (−1.053) | −0.004** | (−2.550) |
| Abovecoll | 0.110*** | (4.014) | 0.048*** | (5.169) |
| Popu | 0.001 | (0.446) | 0.002** | (2.080) |
| Mdasimilar | −0.085*** | (−6.364) | −0.032*** | (−5.791) |
| Constant | −0.855*** | (−16.718) | −0.215*** | (−11.073) |
| Industry fixed effects | Yes | Yes | ||
| Year fixed effects | Yes | Yes | ||
| Observations | 26,316 | 25,982 | ||
| Adjusted R-squared | 0.457 | 0.743 | ||
| (1) | (2) | |||
|---|---|---|---|---|
| Coefficients | Coefficients | |||
| (6.509) | 0.012** | (2.348) | ||
| (−1.971) | −0.029*** | (−3.035) | ||
| (4.052) | 0.059*** | (2.833) | ||
| (−3.442) | −0.010** | (−2.210) | ||
| 0.003 | (1.433) | 0.000 | (0.365) | |
| (−3.998) | −0.007*** | (−2.632) | ||
| −0.175*** | (−3.831) | 0.012 | (0.727) | |
| 0.002 | (0.502) | −0.001 | (−0.674) | |
| −0.006 | (−0.543) | 0.001 | (0.326) | |
| −0.000 | (−1.556) | 0.000 | (0.430) | |
| −0.004 | (−1.053) | −0.004** | (−2.550) | |
| (4.014) | 0.048*** | (5.169) | ||
| 0.001 | (0.446) | 0.002** | (2.080) | |
| (−6.364) | −0.032*** | (−5.791) | ||
| Constant | −0.855*** | (−16.718) | −0.215*** | (−11.073) |
| Industry fixed effects | Yes | Yes | ||
| Year fixed effects | Yes | Yes | ||
| Observations | 26,316 | 25,982 | ||
| Adjusted | 0.457 | 0.743 | ||
Note(s): *, ** and *** represent significance levels of 0.10, 0.05 and 0.01, respectively. OLS regression is adopted and standard errors are clustered at firm level
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