模型3

系数

标准差

t值

p值

常数项

130.0780

123.1488

1.056267

0.2909

Ln(NIt-1)

0.098222***

0.009037

10.86946

0.0000

State-Owned*Ln(NIt-1)

−0.050864***

0.013980

−3.638386

0.0003

LnSize

0.085517***

0.016326

5.237982

0.0000

Lev

0.003060

0.011217

0.272798

0.7850

Board

−18.89042

21.02041

−0.898670

0.3689

Indd

−29.48641

21.09771

−1.397612

0.1623

Lsh

−0.80642**

0.047628

−16.93151

0.0128

Dual

1.572234

3.685448

0.426606

0.6697