变量

(1)

Risk

(2)

Risk

(3)

Risk

(4)

risk

Hdebt

0.837^***

0.896^***

5.905^***

1.488^***

(0.298)

(0.294)

(1.815)

(0.515)

Size

0.818

0.885^*

1.299^**

1.580

(0.579)

(0.525)

(0.647)

(0.995)

Roa

−9.623^***

−9.218^***

−12.345^***

−17.126^***

(2.617)

(2.421)

(3.105)

(4.526)

Lev

0.159^**

0.192^***

0.246^***

0.275^**

(0.062)

(0.059)

(0.078)

(0.107)

Cap

1.927

1.284

4.321

(1.916)

(1.972)

(3.129)

Gdpr

0.062^***

0.064^***

0.089^***

0.103^***

(0.013)

(0.012)

(0.020)

(0.021)

Cpi

−1.133

−4.510

−0.715

(5.385)

(6.107)

(9.326)

Indu

1.728^**

1.906^**

1.790^*

2.874^**

(0.834)

(0.826)

(1.021)

(1.439)

Loan

0.067

0.199

0.094

(0.080)

(0.233)

(0.140)

L.Hdebt

−5.308^***

(1.757)

(0.561)

常数项

−3.922

−5.092^***

−1.708

−8.201

(5.570)

(0.977)

(5.819)

(9.627)

样本量

242.000

244.000

219.000

242.000

调整R²值

0.134

0.142

0.161

0.131