变量

本科以下

本科及其以上

C-SCORE

C-SCORE

CFOTEN

0.0149

0.0109***

(1.5492)

(2.6742)

CFOTEN_2

−0.0022

−0.0053***

(−0.6117)

(−3.1336)

LEV

0.2324***

0.2493***

(10.8028)

(24.9845)

CENT

0.0761**

0.0187

(2.1776)

(1.1769)

CASH

−0.0112

−0.0210**

(−0.6961)

(−2.5550)

BSIZE

−0.0038

−0.0039***

(−1.6076)

(−4.0880)

OUTR

−0.0612

−0.0301

(−1.0108)

(−1.3439)

_cons

−0.0319

−0.0458***

(−0.7899)

(−2.7544)

N

4250

18,600

r2_a

0.9750

0.9717