修订前

修订后

VARIABLES

PAS

PAS

IMP

0.1340^***

0.1122^***

(3.030)

(2.011)

GROWN

0.2107^***

0.1812^***

(2.742)

(1.983)

SIZE

0.1841^***

0.0912^***

(0.593)

(0.593)

FL

0.173^***

0.125^***

(3.669)

(2.887)

ROA

−0.227^***

−0.1072^***

(−4.196)

(−3.221)

RD

0.0729^**

0.0550^**

(2.123)

(1.188)

CONSTANT

0.645^***

0.382^***

(3.502)

(1.555)

OBSERVATIONS

1993

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