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NTU Management Review Vol. 33 No. 2 Aug. 2023

Panel C 企業總統大選政治獻金捐贈於當選人與否對公股銀行（純公股或泛公股）貸款期限之影響
Y=DAYS
Column (1) Column (2) Column (3)
Y= DAY Y=GB1_ DAY Y =GB0_ DAY
Coefficient p-value Coefficient p-value Coefficien p-value
INTERCEPT 2.9130*** 0.0000 1.2590 0.1559 3.3757*** 0.0000
DOWIN 0.1853* 0.0616 0.2203 0.2476 0.1910 0.1001
IMR_DO Included Included Included
IMR_SL Included Included Included
Controls Included Included Included
Session & Industry Included Included Included
indicators
Sample size 6,814 1,404 5,410
F-stat. 47.8024*** 17.8722*** 33.7872***
p-value 0.0000 0.0000 0.0000
Adjusted R 2 0.1134 0.1705 0.1022
Panel D 企業總統大選政治獻金捐贈於當選人與否對公股銀行長短期貸款期限之影響
Y=DAYS
Column (1) Column (2) Column (3)
中期貸款
短期貸款（1 年以下） 長期貸款（3 年以上）
（1 年以上，3 年以下）
Y=SHORT_ DAY Y=MEDIUM_ DAY Y =LONG_ DAY
Coefficient p-value Coefficient p-value Coefficient p-value
INTERCEPT 5.7424*** 0.0000 5.0069*** 0.0000 6.9400*** 0.0000
DOWIN 0.2313** 0.0233 -0.0314 0.6139 -0.1422** 0.0372
IMR_DO Included Included Included
IMR_SL Included Included Included
Controls Included Included Included
Session & Industry Included Included Included
indicators
Sample size 4,727 1,317 770
F-stat. 42.5603*** 20.2374*** 6.1965***
p-value 0.0000 0.0000 0.0000
Adjusted R 2 0.1174 0.1663 0.0975
註：表內為使用 OLS 校正殘差異質性之穩健迴歸模型結果，* 為 p 值 <0.1 的顯著水準，** 為 p 值 <0.05 的顯著水準，*** 為 p 值
<0.01 的顯著水準。變數定義請參照附錄一。

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