变量 | 1TA | t值 | 2TA | t值 | 3TA | t值 |
Gov | −0.0304** | −2.26 |
|
|
|
|
Central |
|
| −0.0706*** | −3.90 | −0.0748*** | −4.08 |
Local |
|
| −0.0229* | −1.68 |
|
|
Province |
|
|
|
| −0.0484** | −2.46 |
City |
|
|
|
| −0.0133 | −0.86 |
County |
|
|
|
| −0.0112 | −0.27 |
Smeeting | −0.0034*** | −3.77 | −0.0033*** | −3.63 | −0.0033*** | −3.65 |
Oc10 | 0.0950*** | 3.97 | 0.0950*** | 3.98 | 0.0923*** | 3.86 |
Size | −0.0145*** | −3.57 | −0.0140*** | −3.46 | −0.0142*** | −3.51 |
LEV | −0.0369* | −1.95 | −0.0362* | −1.91 | −0.0360* | −1.90 |
ROA | 0.2855*** | 6.28 | 0.2900*** | 6.39 | 0.2878*** | 6.34 |
CAPINT | −0.0852*** | −4.00 | −0.0826*** | −3.88 | −0.0847*** | −3.98 |
INVENT | −0.1045*** | −4.13 | −0.1048*** | −4.14 | −0.1039*** | −4.11 |
Growth | 0.0103* | 1.86 | 0.0103* | 1.86 | 0.0103* | 1.87 |
Constant | 0.3458*** | 3.83 | 0.3385*** | 3.76 | 0.3462*** | 3.84 |
样本量 | 5046 |
| 5046 |
| 5046 |
|
R2 | 0.0544 |
| 0.0490 |
| 0.0481 |
|
F值 | 19.31*** |
| 18.52*** |
| 15.71*** |
|