Compare

(1)

模型一

(2)

模型二

(3)

模型三

(4)

模型四

(5)

模型五

ST

CPA

Demend

Invest

Indepence

First

Enterprise

SIZE

DEBT

ROA

TOBINTQ

N

R-squared

F

−0.042^***

(−12.5)

0.001

(0.64)

−0.005^***

(6.67)

−0.079^***

(−11.57)

0.006

(0.30)

−0.000

(−0.54)

7233

0.1689

12.30

−0.098^***

(−5.96)

0.001

(0.07)

0.005^***

(6.60)

−0.078^***

(−11.09)

0.011

(0.56)

−0.001

(−0.93)

7026

0.1722

10.49

−0.033^***

(−4.60)

0.005^***

(6.48)

0.080^***

(−11.54)

0.010

(0.53)

−0.001

(−0.88)

7113

0.1745

11.24

−0.002^*

(−0.09)

−0.003^**

(−0.13)

0.005^***

(6.25)

−0.079^***

(−11.45)

−0.003

(−0.15)

−0.001

(−0.65)

7113

0.1696

10.83

−0.042^***

(−12.03)

−0.002^*

(−0.11)

−0.098^***

(−5.92)

0.001

(0.008)

0.0001

(0.60)

−0.033^***

(−4.90)

−0.003^**

(−0.12)

0.005^***

(6.07)

−0.079

(−10.98)

0.013

(1.65)

−0.001

(−1.36)

6802

0.1788

9.79