| Score | Score | Score | Score |
截距 | 41.0490*** (89.58) | 28.1979*** (16.90) | −19.4230*** (−7.67) | −18.0828*** (−6.51) |
PR | 1.3390*** (6.87) | 1.0484*** (5.69) | 0.2555* (1.98) | 0.2388* (1.97) |
Size |
|
| 4.8071*** (31.29) | 4.3241*** (26.86) |
Growth |
|
| 0.1183 (0.21) | 0.6555 (1.17) |
Mshare |
|
| 0.0764*** (4.61) | 0.0238 (1.43) |
Lev |
|
| −10.2340*** (−8.33) | −5.1835*** (−4.01) |
ROA |
|
| −4.7746 (−1.13) | 4.7383 (1.14) |
Age |
|
| −0.4715 (−1.46) | −1.4159*** (−4.30) |
R2 | 0.0127 | 0.1429 | 0.2365 | 0.3080 |
N | 3580 | 3580 | 3580 | 3580 |
控制行业和年度的固定效应 | 未控制 | 控制 | 未控制 | 控制 |