竞争

程度小

竞争

程度大

抗风险

能力强

抗风险

能力弱

国有

非国有

规模大

规模小

Score

Score

Score

Score

Score

Score

Score

Score

EPU

−0.162***

−0.205***

−0.101***

−0.245***

−0.185***

−0.217***

−0.167***

−0.216***

(0.026)

(0.030)

(0.023)

(0.036)

(0.033)

(0.022)

(0.025)

(0.028)

Constant

−38.955***

−21.524***

−8.801

−27.248***

−33.691***

−30.301***

−37.591***

−22.291***

(10.280)

(7.406)

(6.086)

(9.843)

(11.481)

(6.492)

(10.406)

(7.086)

控制变量

YES

YES

YES

YES

YES

YES

YES

YES

样本量

128

128

128

128

80

176

128

128

r2_a

0.372

0.544

0.640

0.468

0.483

0.566

0.413

0.566