(1)

(2)

变量

Exfin

Exfin

ICA

−0.003^***

−0.004^***

(−2.78)

(−3.35)

ROA

0.057^***

0.053^***

(8.99)

(5.41)

Dev

0.010^***

0.003^**

(7.44)

(2.05)