| 变量 | 模型1 | 模型2 | 模型3 | 模型4 |
| Ln (Size) | 0.513*** |
| 0.293*** | 0.145* |
| Age | 0.032* |
| 0.027* | −0.021 |
| LET | −0.020* |
| −.008* | −0.017*** |
| ROE | 0.004 |
| 0.003 | 0.006 |
| R&D | 0.030* |
| −0.027* | −0.062*** |
| Growth | 0.001 |
| 0.002 | 0.002* |
| Rate | −0.027 |
| 0.015 | −0.109** |
| Bank | −0.232** |
| −0.019* | −0.255* |
| Exp | −0.111 |
| −0.041 | 0.114 |
| P_num |
| 0.088*** | 0.106*** | 0.172*** |
| Ptype_mu |
| −0.201* | −0.260* | −0.279** |
| IPCs |
| 0.034 | 0.023 | 0.070** |
| PFamilycites |
| −0.082** | −0.078*** | −0.100*** |
| Pages |
| 0.051* | 0.066** | 0.029 |
| Pclaims |
| 0.037* | 0.051** | 0.093*** |
| Pfamily |
| 0.220*** | 0.065 | 0.121* |
| Models |
|
|
| 0.146* |
| P_num* Model |
|
|
| 0.453* |
| Cons | 0.617 | 5.039*** | 2.455** | 5.568*** |
| R^2 | 0.412 | 0.430 | 0.703 | 0.715 |
| N | 128 | 128 | 128 | 128 |
| F值 | 10.91*** | 15.00*** | 19.81*** | 24.83*** |