| ROA | ROE | EVA | |||
| 全样本 | 大股东参与 | 全样本 | 大股东参与 | 全样本 | 大股东参与 |
DPP | −0.011 | −0.039* | −0.02 | −0.051 | −0.032 | −0.075 |
APR | −0.002** | −0.003* | −0.003** | −0.003 | −0.0015 | −0.004 |
DPP × APR | 0.002** | 0.003** | 0.003** | 0.003 | 0.0015 | 0.004 |
Shell | −0.175*** | −0.172*** | −0.252*** | −0.218*** | −0.352** | −0.479* |
Cross | −0.039** | −0.067** | −0.039* | −0.093* | −0.133* | −0.285 |
way | −0.017 | −− | −0.033 | −− | −0.284*** | −− |
lev | 0.001 | −0.008 | 0.116 | 0.262* | 0.051 | 0.348 |
Size | −0.008 | −0.014 | −0.012 | −0.022 | −0.006 | −0.065 |
SOE | −0.02 | −0.034 | −0.064* | −0.056 | −0.21* | −0.202 |
year | 控制 | 控制 | 控制 | 控制 | 控制 | 控制 |
Adj−R2 | 0.563 | 0.589 | 0.566 | 0.496 | 0.381 | 0.129 |
F | 11.588*** | 5.843*** | 11.731*** | 4.327*** | 6.066*** | 2.001* |