含硫原油特性及数据管理系统研究.ppt

Empirical results Developed by: ? Ye Fan, School of Business Administration, China University of Petroleum, Beijing Significance Testing - Disclosure classification J-5 J-15 J-30 Industry Electricity, heat production -0.35188 -1.79045* -3.29633*** Coal Mining -0.51064 -2.13746** -2.65554*** Oil, gas exploration -0.60449 -1.10419 -1.37839 The level of disclosure High -1.1594 -2.94225*** -3.73166*** Low -0.7422 -2.07078** -2.86595*** Area East -0.72488 -1.42232 -1.82555* Middle -0.65264 -2.26227** -2.79278*** West 0.079854 -0.91877 -2.00844** Market capitalization ($ hundred million) V50 -1.52