变量

Cash-GrowthT

Cash-GrowthS

Cash-GrowthQ

常量

−0.213***

(0.048)

−0.209***

(0.047)

−0.193***

(0.053)

CF

0.354***

(0.040)

0.356***

(0.040)

0.351***

(0.040)

SCF

0.019

(0.018)

0.019

(0.018)

0.018

(0.019)

CF * SCF

−0.273***

(0.085)

−0.275***

(0.085)

−0.269**

(0.085)

Growth-T

0.003**

(0.001)

Growth-S

0.005**

(0.002)

Growth-Q

−0.077

(0.333)

SIZE

0.005***

(0.001)

0.005***

(0.001)

0.005**

ΔSTD

0.388***

(0.061)

0.386***

(0.061)

0.388***

(0.061)

ΔSD

−0.009

(0.012)

−0.008

(0.012)

−0.010

(0.012)

ΔNWC

0.127***

(0.014)

0.129***

(0.014)

0.127***

(0.014)