| 变量 | (1) | (2) |
|---|---|---|
| Spread1 | Spread2 | |
| Rating×Post | -0.330*** (-11.151) | -0.309*** (-10.185) |
| Rating | -0.538*** (-19.989) | -0.558*** (-20.245) |
| Post | 5.721*** (10.493) | 5.140*** (9.210) |
| Bondsize | -0.105*** (-5.538) | -0.133*** (-6.885) |
| Duration | 0.047*** (5.415) | -0.097*** (-10.962) |
| Put | 0.143*** (4.133) | 0.157*** (4.440) |
| Call | 0.486*** (12.173) | 0.269*** (6.569) |
| Guarantee | -0.443*** (-9.673) | -0.491*** (-10.481) |
| Markettype | 0.261*** (4.389) | 0.061 (0.994) |
| Listed | -0.293*** (-9.740) | -0.320*** (-10.411) |
| Soe | -0.769*** (-23.764) | -0.759*** (-22.913) |
| Observations | 4 468 | 4 468 |
| R-squared | 0.636 | 0.639 |
| CRA FE | YES | YES |
| Industry FE | YES | YES |
| Year-Month FE | YES | YES |
