| 
 | 模型5 TQ | 模型6 TQ | 模型7 TQ | 模型8 TQ | 
| SIZE | −0.4106*** | −0.3347*** | −0.5463*** | −0.4643*** | 
| 
 | (−15.7090) | (−12.4736) | (−19.3548) | (−16.0002) | 
| BS | 0.2056 | 0.2200 | 0.2280* | 0.2593* | 
| 
 | (1.4948) | (1.6216) | (1.6867) | (1.9482) | 
| GROW | 0.4290*** | 0.4130*** | 0.4616*** | 0.4363*** | 
| 
 | (6.0263) | (5.8804) | (6.5938) | (6.3281) | 
| AGE | 0.0005 | 0.0025 | −0.0002 | 0.0021 | 
| 
 | (0.1129) | (0.5656) | (−0.0500) | (0.4839) | 
| CR | 0.0092*** | 0.0088*** | 0.0108*** | 0.0105*** | 
| 
 | (4.9101) | (4.7612) | (5.8525) | (5.7767) | 
| SLK | 
 | 0.1372*** | 
 | 0.1420*** | 
| 
 | 
 | (10.1908) | 
 | (10.4447) | 
| SALARY | 
 | 
 | 0.4485*** | 0.4284*** | 
| 
 | 
 | 
 | (11.5876) | (11.1862) | 
| Inter1 | 
 | 
 | 
 | 0.0908*** | 
| 
 | 
 | 
 | 
 | (5.6830) | 
| N | 3732 | 3732 | 3732 | 3732 | 
| r2_a | 0.0925 | 0.1169 | 0.1238 | 0.1509 |