模型 | (3-2-1) | ||
| ROA | F.ROA | F2.ROA |
DRS | −0.058*** | −0.075*** | −0.071*** |
(−4.049) | (−4.915) | (−5.164) | |
AGE | −0.001 | −0.002 | −0.002 |
(−0.611) | (−1.268) | (−1.579) | |
SIZE | 0.012** | 0.005 | 0.001 |
(2.121) | (0.729) | (0.221) | |
MR | −0.099* | −0.016 | −0.024 |
(−1.913) | (−0.333) | (−0.417) | |
TOP | 0.001* | 0.00100 | 0.001** |
(1.783) | (1.637) | (2.183) | |
FREE | 0.027*** | 0.0130 | 0.0110 |
(5.346) | (1.040) | (0.701) | |
YEAR | 控制 | 控制 | 控制 |
cons | −0.222** | −0.103 | −0.0130 |
(−2.032) | (−0.811) | (−0.111) | |
N | 450 | 450 | 450 |
Prob>chi2 | 0.000 | 0.000 | 0.000 |
R-square | 0.316 | 0.231 | 0.224 |
Adjusted R-square | 0.289 | 0.200 | 0.193 |