| 变量 | ROE (全样本) | ROE (国有组) | ROE (非国有组) |
| RDE | 0.507*** | 0.238*** | 0.528*** |
|
| (1.25) | (1.57) | (1.27) |
| SIZE | 0.101** | 0.175** | 0.100*** |
|
| (0.70) | (2.51) | (0.65) |
| IDR | 0.267* | 0.320* | 0.216** |
|
| (0.76) | (0.94) | (0.54) |
| DUAL | −0.024* | −0.057** | −0.021* |
|
| (−0.56) | (−1.46) | (−0.44) |
| TOP10 | 0.001 | 0.001* | 0.000 |
|
| (0.13) | (−0.33) | (0.07) |
| LEV | 1.076*** | 0.992** | 0.991*** |
|
| (0.41) | (2.67) | (0.38) |
| AGE | 1.333** | 0.277** | 1.571** |
|
| (0.40) | (1.30) | (−0.48) |
| _cons | 2.028*** | 2.572**** | 1.953*** |
|
| (0.64) | (1.84) | (0.58) |
| N | 1400.000 | 100.000 | 1300.000 |
| R2 | 0.253 | 0.248 | 0.282 |